Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Axios Live: AI in fintech raises the stakes for consumer trust
LAS VEGAS — Financial services companies are racing to adopt AI, but concerns about accuracy, oversight and consumer trust are complicating its rollout, fintech and communications leaders said. Why it matters: Money and privacy are at stake…
Pappas Seafood Sold to Teamshares, a NYC Fintech Firm
Pappas Seafood Co., the crab cake chain that counts Oprah Winfrey among its famous fans, has been sold to Teamshares, a financial technology firm and holding company based in New York City. The sale price was not disclosed, and it comes nearly a…
Best Fintech Stocks To Watch Now - October 21st
3 Stocks Built for Higher Rates—And 2 That Could Break Rocket Companies, Joint Stock Company Kaspi.kz, Wealthfront, IDT, UP Fintech, Netcapital, and DeFi Development are the seven Fintech stocks to watch today, according to MarketBeat's…
UP Fintech (NASDAQ:TIGR) Sets New 52-Week Low - Here's What Happened
UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $4.00 and last traded at $4.0350, with a volume of 871,982 shares changing hands. The stock had…
Musk and Trump want to kill the CFPB. Republican voters beg to differ
Shortly after President Donald Trump's second term began, Elon Musk proclaimed “RIP CFPB ” while trying to kill the Consumer Financial Protection Bureau. The president and Congress slashed the federal agency's budget, almost in half…
Are prediction markets just gambling? Kalshi CEO responds
Today's guest is Tarek Mansour, the 30-year-old billionaire co-founder and CEO of Kalshi, the prediction market platform where users can trade on the outcomes of everything from elections and economic forecasts to sporting events and the weather.
U.S. Stocks Rise as SpaceX Spurs AI Relief Rally
U.S. stocks rose as strong earnings from Elon Musk's SpaceX eased concerns about the profitability of the artificial-intelligence business, sparking gains for chip makers. The Dow Jones Industrial Average rose 360.21 points, or 0.69%, to 52856.09.
Trane Technologies Agrees to Acquire Cancoil
Trane Technologies said it agreed to acquire Cancoil Thermal, a maker of heat-transfer products. Cancoil Thermal, based in Ontario, Canada, is known for its ability to design and build products customized for customer needs, Trane said. The…
CSX Logs Higher 3Q Profit, Revenue on Rising Freight Volumes
CSX reported a higher profit and revenue in the third quarter, driven by fuel surcharges and higher freight volumes. The railroad operator on Wednesday reported a profit of $1.05 billion, or 57 cents a share. That compares with a profit of $694…
Space Stocks Gain After SpaceX Reports Surging Revenue
Shares of space companies ticked up after SpaceX reported surging revenue in the latest quarter and signaled more robust growth in the months ahead, in a sign of strong demand for commercial space infrastructure. Firefly Aerospace's stock gained…
Huntington Ingalls Raises Quarterly Dividend by 2.2% to $1.41
Huntington Ingalls' board has raised the defense company's quarterly dividend by 2.2%, to $1.41 from $1.38. The new payout, equal to $5.64 a year, represents an annual yield of about 2.07% based on Tuesday's closing price of $272.23, up from 2.03%.
Microsoft and Alphabet opt out of tokenized stocks in latest blow to ambitious plan from OKK and NYSE parent firm
A growing number of companies are pushing back against tokenized trading of their shares. Microsoft and Alphabet are the latest to complain about the practice, joining 14 other public companies that have formally objected to a plan by OKXICE, a new…
Binance US, Blockchain com Enters Race to Offer Prediction Markets
/ Crypto News / Binance US, Blockchain com Enters Race to Offer Prediction Markets Expertise: Bitcoin, Crypto, Global Macro, DeFi, Blockchain, Web3, US Stocks, AI, Regulations and Lawsuits, & More CoinGape has covered the cryptocurrency industry…
Prosperity Bancshares Raises Quarterly Dividend by 6.7%
Prosperity Bancshares' board has raised the financial holding company's quarterly dividend by 6.7%, to 64 cents from 60 cents. The new payout, equal to $2.56 a year, represents an annual yield of about 3.75% based on Tuesday's closing price of…
Bank of Montreal Appoints Enterprise Chair to Lead C$70 Billion Defense Push
Bank of Montreal has appointed Michael Bonner to the role of enterprise chair to spearhead its strategy and commercial expansion into Canada's defence sector. The appointment comes as BMO, one of Canada's largest lenders, recently committed to…
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