A Mastercard debit card from U.K. digital bank Monzo. Monzo LONDON — Monzo and Revolut, two of Britain’s best-known financial technology firms, are planning to enter the booming “buy now, pay later” industry. Buy now, pay later, or BNPL, plans are an increasingly popular method of payment that lets users spread the cost of their
Finance
A day before the 20th anniversary of 9/11, veteran trader Art Cashin reflected Friday on the impact of the terrorist attacks on Wall Street, the country and him personally. Cashin, who has been an NYSE member since 1964, was in lower Manhattan on the morning of Sept. 11, 2001. He remained in the stock exchange
In this article WFC BHC-CA ENDP AFRM 7203.T-JP NLSN Check out the companies making headlines before the bell: Affirm Holdings (AFRM) – Affirm soared 22.4% in the premarket as the “buy now, pay later” company’s revenue easily topped estimates. Active merchant numbers more than quintupled and Affirm issued a positive outlook as well. Toyota Motor
The semiconductor shortage is affecting consumers’ ability to buy cars, smartphones and virtually all electronics — and there may be little relief in sight. According to economist John Rutledge, the Covid-19 pandemic will continue to inflict pain on the global supply chain and contribute to the semi logjam into 2023. “The nature of epidemics is
A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images GameStop staged a stunning intraday comeback from its post-earnings sell-off on Thursday as retail investors looked past the lack of clarity on turnaround plans and piled into the meme star. Shares of
Sorare LONDON — Spain’s top soccer league La Liga said on Thursday that it will offer NFTs for all its players, marking the latest foray into cryptocurrencies from a major sports organization. NFTs, or non-fungible tokens, are unique digital assets that are designed to certify ownership of a virtual item, such as rare art or
A trader works on the floor at the New York Stock Exchange (NYSE) in New York, August 20, 2021. Andrew Kelly | Reuters U.S. stock futures were steady in overnight trading Wednesday as investors remained cautious on the remaining months of trading. Dow futures fell just 9 points. S&P 500 futures were flat and Nasdaq
A stop sign lies damaged at a street corner in the aftermath of Hurricane Ida in Grand Isle, Louisiana, September 2, 2021. Adrees Latif | Reuters The economic damages of Hurricane Ida are still being assessed, but the storm that wreaked havoc from New Orleans to New York could wind up becoming one of the
In this article VOW3-DE JPM The JP Morgan Chase & Co. headquarters, The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York. Tim Clayton – Corbis | Corbis Sport | Getty Images JPMorgan said Wednesday it plans to buy a majority stake of close to 75% in Volkswagen’s payments business. The U.S. banking
September may historically be a rough month for stocks, but it didn’t stop National Securities’ Art Hogan from hiking his S&P 500 year-end target by 7%. He made the bullish move based on a strong second quarter earnings season and the notion Covid-19 delta variant cases are likely peaking. “September gives us a chance to
In this article PPG MRK SPOT MTCH Mario Tama | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Spotify — The streaming company saw shares rise 2.8% after KeyBanc upgraded Spotify to overweight from sector weight. The firm said in a note to clients that the company was
Longtime market bull Tom Lee is predicting a profitable period for investors in September. According to Lee, the S&P 500 is positioned to surge more than 100 points this month. However, he warns the positive momentum has an expiration date. “We could have a really strong rally in September,” the Fundstrat Global Advisors’ co-founder and
In this article IYG A trader works on the floor of the New York Stock Exchange. Getty Images U.S. stock futures opened slightly higher Monday night after the Dow slipped from a record high on Friday before the three-day Labor Day weekend. Dow Jones Industrial Average futures rose by 82 points, or 0.23%. S&P 500
George Town, Grand Cayman Noel Hendrickson Europe’s biggest banks are booking an average of 20 billion euros ($23.7 billion) in tax havens every year, according to a new report. That accounts for 14% of their total profits, the analysis found. Published Monday, the report from the EU Tax Observatory looked into the activities of 36
Photo taken on Aug. 19, 2021 shows a stock market trend, Shiyan, Hubei Province, China. Costfoto | Barcroft Media | Getty Images BEIJING — Shares of more than 60 little-traded mainland Chinese stocks briefly surged by at least 10% Monday as investors bet on the companies’ potential inclusion in a new Beijing stock exchange. Chinese
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images U.S. stock futures were steady in overnight trading on Thursday as investors geared up for August’s jobs report. Dow futures rose just 6 points. S&P 500
Computer code is seen on a screen above a Chinese flag in this July 12, 2017 illustration photo. Thomas White | Reuters BEIJING — Chinese authorities are planning to restrict how companies use algorithms to sell products to consumers, a move analysts said likely runs counter to business interests and sets a precedent for other
Check out the companies making headlines before the bell: Didi Global (DIDI) – Didi rallied 4.3% in the premarket following a Bloomberg report that Beijing was considering taking a stake in the ride-hailing company and possibly bringing it under state control. It is unclear what size stake Beijing would consider taking in the company. Netflix
OLIVIER DOULIERY | AFP | Getty Images More than a third of jobless Americans in August were long-term unemployed as benefits for these workers are set to expire. About 3.2 million people — or 37.4% of the total unemployed — have been out of work for at least six months, the official barometer for long-term
Visitors crowd around the Nvidia booth at the 2016 China Digital Entertainment Expo, known as ChinaJoy, in Shanghai. STR | AFP | Getty Images Check out the companies making headlines in midday trading. Didi Global — Shares of the Chinese ride-hailing giant climbed 3%, on pace for double-digit gains on the week amid a Bloomberg