Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
As Credit Tightens, FinTechs Look to Deposits for Growth
They are trying to attract loyal customers and secure a cheaper, more durable source of capital to fund their lending businesses. The strategy reflects a broader evolution in FinTech business models. Products that once existed primarily to acquire…
Industrials Up on Iran Optimism - Industrials Roundup
Shares of industrial and transportation companies rose as traders bet the sector would benefit from a peace deal between the U.S. and Iran. SpaceX shares rose by 20% after the largest stock-market debut in history. Shares of SpaceX's rivals in the…
Energy Down With Oil Futures - Energy Roundup
Shares of energy companies fell alongside oil futures amid indications that an extension of the U.S.-Iran cease-fire is close. The U.S., Iran and chief mediator Pakistan all agreed Friday that a peace deal to end the war was nearly complete, though…
Why crypto's future may look more like traditional markets
For years, crypto's ideological center of gravity has been pulled toward decentralization. David Mercer, CEO of institutional trading venue operator LMAX Group, however says digital assets may need more centralization if the industry hopes to…
Morpho's $175M DeFi Round Tests Onchain Credit's Future
Investors are increasingly backing stablecoin and credit infrastructure rather than decentralized finance (DeFi) lending alone, with Morpho Labs' latest funding round drawing attention to onchain credit markets, according to Spark CEO Sam…
World's First Net-Worth Trillionaire Shows Us How Markets Price The Future
Following the pricing of the SpaceX IPO, Elon Musk has become the world's first trillionaire, on paper. Most of Musk's wealth is not cash. It consists primarily of equity: ownership stakes in firms such as Tesla, SpaceX, and xAI. Markets are…
Health Care Down on Rotation Back to Tech - Health Care Roundup
Health-care companies ticked down as traders rotated back into the technology sector. The health-care sector was among the stronger industry groups earlier this week as investors rotated out of tech due to rate fears. The possibility of a peace…
Materials Up as Iran War Fears Abate - Materials Roundup
Producers of metals, grains and other raw materials rallied as Iran war fears subsided. The materials sector was one of the hardest hit by war and inflation fears because of its sensitivity to interest rates and foreign exchange. Gold futures…
Consumer Cos Flat as Traders Hedge on Rate Views - Consumer Roundup
Consumer companies were more or less flat as traders hedged their bets on the outlook for interest rates and inflation. Lennar shares fell after the home builder's quarterly earnings lagged some investors' expectations. Rate-sensitive builders were…
Communications Services Up as Oil Falls - Communications Services Roundup
Communications-services companies rose as falling oil prices buoyed sectors dependent on discretionary spending. U.S. carriers AT&T, Verizon and T-Mobile US rose sharply. Online betting firm Flutter Entertainment plans to delist from the London…
Stocks to Watch: SpaceX, Paramount
SpaceX made its public debut Friday in the largest initial public offering ever. The company, which was valued at $1.77 trillion after it sold $75 billion worth of shares a day earlier, ended its first day of trading with a market value of $2.1…
Utilities Up as Rate Fears Subside - Utilities Roundup
Shares of power producers rose as reports of a likely U.S.-Iran peace deal quelled rate fears. Utilities were under pressure in recent weeks as the yield on the 30-year Treasury bond topped 5% in anticipation of rate hikes that would likely be…
Corteva to Close Spanish Facility as Part of Productivity Initiative
Corteva plans to cease production activities at a Spanish site, a move the company said represents the next phase of multi-year footprint optimization and productivity initiative. The seed and pesticide producer said in a filing with the Securities…
Elmet Shares Jump After Unit Gets $4.3 Million DoD Contract
Elmet Group shares are on the rise after the company's tungsten and molybdenum manufacturing unit got a $4.3 million contract from the Defense Department. The stock climbed 16% to a high of $22.51 Friday, its highest level since shares started…
Financials Up on Anticipation of Investment Banking Bonanza - Financials Roundup
Shares of banks and other financial institutions rose in anticipation of an investment-banking bonanza. SpaceX debuted roughly 20% above its initial-public offering price, closing around $160. The total fee pool for the $75 billion IPO is around…
Receive a Daily briefing on Fintech Industry News
Get Started