Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Cyprus Business Now: GDP, tax treaty, shipping, exports, fintech, Paphos businesses
The figures place Cyprus relatively close to several other European economies, including Italy, where large enterprises accounted for 27.3 per cent of services exports, Spain at 30.8 per cent and Luxembourg at 25 per cent. The comparison highlights…
Best Fintech Stocks Worth Watching - November 13th
3 Stocks Built for Higher Rates—And 2 That Could Break Rocket Companies, Joint Stock Company Kaspi.kz, Wealthfront, UP Fintech, and IDT are the five Fintech stocks to watch today, according to MarketBeat's stock screener tool. Fintech stocks…
Industrials Down, but not by Much, After Wholesale Inflation Data - Industrials Roundup
Shares of industrial and transportation companies fell, but not by as much as the broad market, after a spike in wholesale inflation was not as severe as economists had anticipated. Jeep maker Stellantis offered to return C$24 million in government…
Materials Down as Dollar Gains - Materials Roundup
Producers of metals, grains and other raw materials fell as the U.S. dollar continued to gain in the wake of wholesale inflation data. Producer prices rose 6.5% in October, the most marked rate in roughly four years, but still slightly less than…
Health Care Up on Defensive Bias - Health Care Roundup
Health-care companies rose as traders rotated into defensive sectors. A potential corporate split at CVS Health to separate its drugstore chain from its insurance operations could unlock shareholder value despite ongoing regulatory scrutiny…
Energy Up as Traders Hedge on Oil-Price Views - Energy Roundup
Shares of energy companies rose as traders hedged their bets on the outlook for oil futures. Oil prices completed their biggest two-week loss in New York since June. Commercial crude-oil stocks excluding the Strategic Petroleum Reserve unexpectedly…
Utilities Up on Defensive Bias - Utilities Roundup
Shares of power producers rose as traders rotated into the defensive sector due to fears about the outlook for the artificial-intelligence boom. GE Vernova's Hitachi small reactor in Ontario, Canada was set to run over original cost target and…
Consumer Cos Down on Signs of Luxury Slowdown - Consumer Roundup
Consumer companies fell amid more lackluster growth reports from luxury firms. Shares of Richemont, the Swiss owner of the luxury watch brand Cartier, fell sharply after it posted a slowdown in quarterly sales growth. Rival LVMH, the Louis Vuitton…
Communications Services Up on Hopes for Oil Inflation Easing - Communications Services Roundup
Communications-services companies rose as traders rotated back into the sector due to signs of easing energy inflation. Fears that consumer spending on cell-phone plans and streaming subscriptions would be slowed by inflationary pressures elsewhere…
Stocks to Watch: Airlines, Badger Meter
The Federal Aviation Administration issued a groundstop for flights across the U.S. due to communications issues. Shares of airline companies retreated after-hours: JetBlue Airways slid 4.5% to $3.59, American Airlines declined 1.9% to $12.92, and…
AstraZeneca Gets FDA Approval for Bladder Cancer Treatment
AstraZeneca received Food and Drug Administration approval for its drug Imfinzi in combination with other therapies as a treatment for patients with muscle-invasive bladder cancer. The approval is for Imfinzi used in combination with enfortumab…
Financials Up on IPO Optimism - Financials Roundup
Shares of banks and other financial institutions rose amid optimism about Anthropic's initial public offering. Anthropic Chief Executive Dario Amodei told JPMorgan Chief Executive Jamie Dimon that he hoped the IPO would 'underpromise and…
Douglas Elliman CFO Agrees to Retire
Douglas Elliman Chief Financial Officer James Kirkland III is retiring, effective immediately. Kirkland and the company mutually agreed that he would retire, according to a Friday filing with the Securities and Exchange Commission. The company…
CloudDepots Holdings Files to Raise $14.6M in IPO
CloudDepots Holdings filed to raise around $14.6 million in an initial public offering. The holding company plans to list 3 million shares at a price between $5.00 and $6.00 on Nasdaq or the New York Stock Exchange American, according to a Friday…
Badger Meter Declares Additional Share Repurchase Program Up to $250M
Badger Meter declared an additional share repurchase authorization for up to $250 million of the company's outstanding stock. The flow measurement provider on Friday said the share repurchase authorization expands the existing authorization that…
Receive a Daily briefing on Fintech Industry News
Get Started