Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
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…
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…
Ireland Plans Industry Standards for Illicit Crypto Use
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…
Cyberport fills 50% of phase 5 offices with Lenovo among tenants: chairman
Hong Kong's fintech hub Cyberport has added 66,000 square metres of space in its fifth-phase expansion and filled half of its offices with tenants including mainland Chinese tech companies, according to its chairman. Simon Chan Sai-ming also said…
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…
Utilities Up on Defensive Bias - Utilities Roundup
Shares of power producers rose as traders rotated back into the defensive sector following weak retail-sales data. Utilities are viewed as safer alternatives to cyclical sectors due to the evergreen nature of their businesses. Fermi, the troubled…
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…
Consumer Cos Slip After Retail Sales Data - Consumer Roundup
Consumer companies slipped after surprisingly weak retail-sales data. Retail sales dropped by 0.6% in July, in contrast to economists' expectations of a small gain, the Commerce Department said. The preliminary August reading of the University of…
Tech Down as AI Rally Slows - Tech Roundup
Shares of technology companies fell as an artificial-intelligence rally slowed. For companies caught up in the AI boom, expectations remained sky high. Shares of Applied Materials fell even after the maker of semiconductor-capital equipment posted…
PayPal Shares Rise Amid Talks to Sell Itself
PayPal Holdings shares were recently higher after The Wall Street Journal reported the company is in talks for a sale to Stripe and Advent International. The stock spent much of the day around $60. It was recently up 2.15% to $61.89. In July…
Badger Meter Boosts Quarterly Dividend by 10%
Badger Meter is boosting its quarterly dividend by 10% to 44 cents a share, up from 40 cents. The new payout, equal to $1.76 a year, represents a 1.3% annual yield based on the company's Friday closing price of $130.82. The dividend is payable on…
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