Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The VC-backed fintech using AI to challenge BlackRock and start a new fee war in ETFs
Corgi Insurance CEO Nico Laqua says that he expects the fintech to soon challenge BlackRock for the lead in total number of ETFs available to investors. The fintech startup has launched a massive suite of exchange-traded funds in record time, which…
I Said This Fintech Growth Stock Was Bottoming Out in June, and I Was Right
Earnings season can be humbling, so I hope you allow me the opportunity to boast when given the chance. The last time I wrote about Nu Holdings (NU +10.66%) -- on June 3 -- the Latin American fintech was sliding. The parent company of Brazil's…
Fintech firm Navi preps up for India IPO - report
Navi is getting ready to start formal steps towards an initial public offering in India that could raise as much as Rs30bn ($314m), reported Bloomberg citing sources. The financial technology company set up by former Flipkart co-founder Sachin…
Industrials Up on Business Investment Optimism - Industrials Roundup
Shares of industrial and transportation companies rose slightly as traders bet an economic boom would continue in the industrial economy. Retail sales fell 0.6% in July, heightening the impression of a bifurcated economy. While the…
Cyprus wants AI and fintech. Can its workforce keep up?
Cyprus has spent years trying to turn itself into a technology hub, attracting fintech firms, software companies, gaming, startups and, increasingly, businesses built around artificial intelligence. By several measures, it is working. The country's…
Energy Up With Oil Futures - Energy Roundup
Shares of energy companies rose alongside oil futures as the Strait of Hormuz remained largely closed. British oil major BP and the United Arab Emirates' XRG will explore a gas field offshore Venezuela, the latest sign of a tentative return to the…
Financials Down Amid Volatility in Bond, Forex Markets - Financials Roundup
Shares of banks and other financial institutions fell amid volatility in bond and foreign-exchange markets. Marubeni, one of Japan's largest trading houses, said it favored a stronger yen to assist it with overseas acquisitions. The yen has started…
U.S. Futures, European Stocks Mixed
U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average fell 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading.
Showa Chemical Industry 1Q Net Y149.00M Vs Net Y166.00M
Showa Chemical Industry Co. Ltd. (4990.TO) Japan 1st Quarter Ended June 30 GROUP 2026 2025 Revenue Y2.54 bln Y2.50 bln Operating Profit Y160.00 mln Y147.00 mln Pretax Profit Y235.00 mln Y238.00 mln Net Profit Y149.00 mln Y166.00 mln Per share…
Sanko Marketing Foods FY Loss Y793.00M Vs Loss Y816.00M
Sanko Marketing Foods Co. Ltd. (2762.TO) Japan Year Ended June 30 GROUP 2026 2025 Revenue Y10.57 bln Y9.68 bln Operating Profit (Y635.00 mln) (Y666.00 mln) Pretax Profit (Y618.00 mln) (Y647.00 mln) Net Profit (Y793.00 mln) (Y816.00 mln) Per share…
Health Care Down on Growth Doubts - Health Care Roundup
Health-care companies fell amid doubts about the growth outlook for the sector. Pfizer shares were more or less flat after Albert Bourla, chief executive of the Big Pharma company, bought $1 million worth of shares, the latest major insider…
Materials Up on Weaker Dollar - Materials Roundup
Producers of metals, grains and other raw materials rose following weak retail sales data. U.S. retail sales unexpectedly dropped 0.6%, weighing on the U.S. dollar. Dollar-denominated commodities such as gold rose. Tyson Foods is planning on…
Sandisk's stock is extending its major rebound. This is the latest spark.
Sandisk's stock was furthering a sharp rally off recent lows — such that it's now up more than 60% in just over two weeks. The company's shares SNDK were up 6.5% in midday action Friday, after rising 13.7% in Thursday's session. The surge…
Communications Services Up on Deal Hopes - Communications Services Roundup
Communications-services companies rose slightly as traders weighed the outlook for deal activity. Charter Communications received regulatory approval needed to buy fellow cable and broadband provider Cox Communications after making concessions to…
Profound Medical CFO Dewan Steps Down; Sobczyk Named Interim CFO
Profound Medical's chief financial officer, Rashed Dewan, has stepped down from his position. The medical device company said that Corporate Controller Matthew Sobczyk is being promoted to interim CFO, effective immediately. Dewan will be staying…
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