Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Hawaiian Electric Industries Posts Higher 1Q Profit
Hawaiian Electric Industries lifted its top and bottom lines in the first quarter, and tapped Chief Executive Scott Seu to lead its subsidiary, Hawaiian Electric. Seu, who has been president and chief executive officer of the holding company HEI…
Jonco Industries Recalls Certain White Cheddar Seasoning Products
Jonco Industries recalled certain white cheddar seasoning products including a Williams Sonoma-branded Popcorn Sampler Gift Box, joining several companies that took similar measures due to a California Dairies milk-powder recall. Jonco said it was…
Robinhood's Next Big Growth Engine May Not Be Crypto. Here's Why Prediction Markets Could Matter More.
Robinhood (HOOD +0.98%), the online brokerage that popularized commission-free trades, generates most of its transaction revenues from options, equities, and cryptocurrencies. The volatile cryptocurrency market was a double-edged sword for…
The new CEO flex: Bragging about how much AI code your company shipped
Move over app downloads and EBITDA — the hot metric for CEOs is now AI productivity. In interviews and on quarterly earnings calls, CEOs are flaunting stats on how much code AI agents are generating. The trend began with AI companies like…
Nigerian Fintech Paga Expands Into Tokenized Bonds and Real Estate Through Sui Partnership
Paga partnered with Sui on May 7 to launch high-yield accounts and crypto rails for 1 billion people. Paga joins Flutterwave and Paystack in exploring blockchain for settlement, treasury and global payments Paga will use its $42 billion historical…
Tenaris Agrees to Buy Artrom Steel Tubes for $101M
Tenaris agreed to acquire Artrom Steel Tubes from U.S.-based GLGH Steel for 86 million euros, or about $101.4 million. Tenaris, itself a steel tube supplier, said the addition of Romania-based Artrom would expand its industrial pipe product range…
Robinhood Removes Tech Chief Pinner From Role
Robinhood Markets has removed Chief Technology Officer Jeffrey Pinner from his position. Pinner was terminated without cause on Thursday, the said in a Friday filing with the Securities and Exchange Commission. He is eligible for benefits as part…
Chime Q1 Results: Growth Projections Disappoint, Downgrade To Sell (NASDAQ:CHYM)
Chime Financial remains volatile, recently dropping 17% despite stable Q1 2026 headline metrics. Q1 2026 results matched Q4: revenue was up 25%, active members were up 19%, and ARPAM was up 5%. CHYM exceeded the high end of revenue guidance and…
Hamilton Beach Brands Bumps Up Dividend by 4%
Hamilton Beach Brands has raised its quarterly cash dividend by about 4%. The household appliance maker said Friday that its board increased the payout to 12.5 cents a share, up from 12 cents a share. The dividend will be paid June 16 to…
Safepoint Holdings Files for IPO
Safepoint Holdings has filed for an initial public offering. The specialty homeowners and commercial insurance underwriter applied to list its common stock on the New York Stock Exchange under the symbol SFPT, according to a filing with the…
Financials Down on Fed Fears - Financials Roundup
Shares of banks and other financial institutions fell as a strong unemployment report stoked concerns about Federal Reserve policy. The recent increases in Treasury yields have added stress to credit markets at a time when investors are pulling…
Marriott International Boosts Dividend by 9%
Marriott International is raising its quarterly dividend by 9% to 73 cents a share, up from 63 cents. The new payout, equal to $2.92 a share, represents an 0.8% annual yield based on the stock's Friday closing price of $353.18. The dividend will be…
First Tracks Biotherapeutics Stock Slides After Investors Move to Sell 10 Million Shares
Shares of First Tracks Biotherapeutics fell after it said existing stockholders would resell more than 10 million shares. The stock was down 4% at $18.67 after hours. It had closed at $17.92 on Thursday and then climbed almost 10% to $19.54 on…
Health Care Down on Regulatory Concerns - Health Care Roundup
Health-care companies fell as traders continued to retreat from a sector beset by regulatory doubts. Moderna shares rallied as the outbreak of hantavirus on a cruise ship stirred interest in the vaccine maker. President Trump signed off on a plan…
Inhibrx Biosciences' Shares Up Ahead of Phase 2 Head and Neck Cancer Drug Data
Shares of Inhibrx Biosciences rose after the clinical-stage biopharmaceutical company said it would release data from a Phase 2 study of INBRX-106, a potential cancer treatment. Shares were up 6.4% to $142.90 after the bell on Friday. The stock…
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