Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
PayPal Is Yesterday's News. Is This Fintech Stock the Better Buy?
In the eyes of investors, PayPal (PYPL +0.93%) is in a troubling downward spiral. The shares currently trade 82% off their peak (as of Oct. 7), which was set all the way back in July 2021. During that same period of time, the S&P 500 index has…
US Targeting $1B Crypto Linked to Iran as Part of Isolation Strategy
Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries. All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details…
U.S. IPO: Biotech IPOs Keep Flowing As Data Center Developer DayOne Joins The Pipeline
Two biotechs priced IPOs this past week and more joined the pipeline, along with a billion dollar data center developer, an emerging markets fintech, and a dental treatment company. While market jitters have kept some IPO candidates on the…
Happen Stock: Back In The Buy Zone (NASDAQ:HAPN)
Happen, Inc., formerly LendingClub, trades at a limited valuation despite strong fundamentals and a bullish outlook. Market concerns over rate hikes and lending disruption have pressured HAPN, but the company continues to generate robust income and…
Utilities Up as Traders Rotate Back Into Beaten-Down Sector -- Utilities Roundup
Shares of power producers rose as traders rotated back into the beaten-down sector. Constellation Energy rebounded, surging by 5%, as fears about the profitability of artificial-intelligence companies subsided. Write to Rob Curran at…
Stocks to Watch: Service Properties Trust, Standard Motor Products
TKO LLC said it proposed purchasing Service Properties Trust's hotel portfolio for $2 billion. Shares of Service Properties Trust jumped 15% toward the end of Friday's trading session to close at $7.15, and gained about 1% to $7.22 after the bell.
Tech Up as AI Profit Fears Fade -- Tech Roundup
Shares of technology companies rose as fears about artificial-intelligence profitability waned. Some Wall Street analysts suggested a recent report about more modest OpenAI revenue projections was somewhat skewed by technical issues, such as…
Communications Services Down as SpaceX Enters Wireless Business -- Communications Services Roundup
Communications-services companies fell amid fears about a new entrant in the cell-phone carrier market. Cell-phone carriers slid after Elon Musk's rocketry firm SpaceX agreed to buy wireless spectrum from investment firm Grain Management for about…
Ramp Hits $60 Billion Valuation in $1.85 Billion Funding Round
Fintech startup Ramp has reached a roughly $60 billion valuation with its latest fundraising effort, according to people familiar with the matter. Dragoneer Investment Group and Thrive Capital led the round, with Founders Fund also contributing a…
Biopharmaceutical Company Bambusa Therapeutics Files for IPO
Biopharmaceutical company Bambusa Therapeutics filed for an initial public offering, and said it applied to list on the Nasdaq Global Select Market under the symbol BBTX. The company said it is working to develop bispecific antibodies designed to…
Celanese Lifts Prices for Polyamide Products in Americas
Celanese is boosting the price for some of its polyamide products in the Americas as a response to cost increases. The specialty materials and chemicals company said that the price of Polyamide 6 products across six different brand lines will be…
Avient Shares Slide on CEO's Departure
Shares of Avient were down after the material solutions provider said Ashish Khandpur had stepped down as chief executive officer. The stock was off by 9.3% to $37.18 in Friday morning trading. The shares have risen 19% this year. Michael Frank…
Nigerian Payments Company OPay Files for IPO
Payments company OPay filed for an initial public offering of American depositary shares. The company plans to trade on the New York Stock Exchange under the ticker OPAY. It didn't disclose the amount or pricing of the ADSs it plans to offer. OPay…
Grab: Atome, GrabFin, And A $1.7 Billion EBITDA Target (NASDAQ:GRAB)
Grab Holdings Limited remains a Strong Buy, with a base case valuation of $7.50–$8.00 per share despite regulatory and credit risks. GRAB posted 22% revenue growth, expanding margins, and raised 2026 and 2028 Adjusted EBITDA guidance to…
Aura Minerals Shares Rise on Record High 3Q Gold Production Estimate
Aura Minerals shares rose after the company said it expected third-quarter gold production to reach a record high. The stock was up 9% to $90.19 Friday. Shares have gained 80% this year. The mining company shared preliminary third-quarter…
Receive a Daily briefing on Fintech Industry News
Get Started