The financial technology industry is going through a significant transformation, with industry executives and investors indicating that the sector may have hit a “bottom.” At the recent Money20/20 event in Amsterdam, there was a consensus that valuations have adjusted from the unsustainable highs of 2020 and 2021. Gone are the days when venture capital poured
Finance
Affirm Holdings saw a nearly 7% increase in their stock following the announcement that their buy now, pay later loans will be integrated into Apple Pay for purchases. This move opens up new opportunities for U.S. Apple Pay users to utilize this payment option, which could potentially drive more business towards Affirm Holdings. General Motors
In recent years, China’s biggest food delivery platform has witnessed a notable trend – an increase in spending on experiences. Meituan’s CEO, Wang Xing, highlighted during a first-quarter earnings call that consumers are now more inclined to allocate a larger portion of their budget towards travel experiences. This shift in consumer behavior reflects a growing
The CEO of an alternative trading platform, Kelly Rodriques, is on a mission to transform the world of private equity investing. Partnering with Accuidity, he has launched the Forge Accuidity Private Market Index, with the primary objective of providing more investors with easier access to unicorns. This move is considered a significant financial innovation that
Alibaba, the Chinese e-commerce giant, is making strides in its global expansion efforts by introducing new services targeted at attracting small businesses in the United States and Europe. This move signals the company’s commitment to catering to a wider international market through its renowned business-to-business platform, Alibaba.com. The recent announcement of “Alibaba Guaranteed” aims to
Chinese electric car company Nio is set to expand its operations to the Middle East this year, according to CEO William Li. Despite facing stiff competition from global rivals, Nio aims to introduce its lowest-cost brand, Firefly, in the first half of next year. The company recently secured funding from Middle East-based investors and has
The financial technology startup Nium recently announced a $50 million fundraising round, with the goal of launching an initial public offering within the next 18 months. This funding round was led by a Southeast Asian sovereign wealth fund and supported by venture capital firms BOND, NewView Capital, and Tribe Capital, resulting in a valuation of
In midday trading, Bath & Body Works saw their shares plummet by 14%, marking their worst day since 2021. Despite beating first-quarter earnings and revenue estimates, the company provided lackluster guidance for the second quarter. With earnings expected to fall below analyst expectations, investors were quick to react, sending the stock price tumbling. GameStop, a
GameStop and AMC Entertainment have caught the attention of investors as GameStop saw a significant increase of over 77% fueled by speculation surrounding Keith Gill’s stake in the company. On the other hand, AMC shares surged around 25% due to the renewed meme-stock craze. Medical waste-disposal company Stericycle experienced a 16% jump following the announcement
North Dakota Governor Doug Burgum, who is rumored to be a potential running mate for former President Donald Trump, has come forward to deny allegations made against Trump involving a supposed deal with oil executives. According to reports from the Washington Post, Trump allegedly promised to roll back environmental regulations in exchange for financial support