Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Fintech Leader Vaults 203% To Highs: Earnings On Deck
Paysign (PAYS) weathered a broad stock market meltdown and hit a new high on Friday. The stock leads the finance sector, one of 30 in the Investor's Business Daily database. It also holds a space on IBD's Sector Leaders list. Shares cleared a…
Cross River Adds Ripple USD (RLUSD) to Its Fintech Payment System
Cross River is extending its payment platform to Ripple USD (RLUSD), giving fintech clients access through the bank's Core Operating System (COS). The integration was announced Oct. 15, and access is currently limited to some states. Cross River's…
Upgrade's Bank Ambitions Show How FinTech Growth Expands Choices
Upgrade facilitated more than $53 billion in credit through a model built with banks and loan buyers when it applied this week to establish its own bank, PYMNTS reported Monday (Oct. 12). The proposed Nevada industrial loan bank would give Upgrade…
Fintech Stocks To Add to Your Watchlist - October 16th
3 Stocks Built for Higher Rates—And 2 That Could Break Rocket Companies, Netcapital, Wealthfront, Joint Stock Company Kaspi.kz, IDT, UP Fintech, and DeFi Development are the seven Fintech stocks to watch today, according to MarketBeat's…
Industrials Flat Ahead of Earnings -- Industrials Roundup
Shares of industrial and transportation companies were more or less flat as traders awaited earnings reports from General Electric and others. In one positive sign for the global economic outlook, German package-delivery firm DHL Group upgraded its…
Energy Up With Oil Futures -- Energy Roundup
Shares of energy companies rose alongside oil futures, which tested the psychologically significant $100-per-barrel level in New York. Oil rose by the largest weekly increment since July after Ukraine renewed attacks on Russian refineries, adding…
PayPal: Market's Extreme Mispricing Is Starting To Unwind (NASDAQ:PYPL)
PayPal is showing a sustained recovery, with shares up nearly 14% in six months and a clear trend reversal to the upside underway. PYPL trades at a compelling 10.3x forward earnings, well below fintech peers, reflecting deep market skepticism…
AI Companies Are Making Normal Growth Look Like Failure. Follow Your Industry's Clock, Not Theirs.
Don't benchmark against AI's growth curve. AI companies often benefit from unusually short sales cycles, little regulation and instant product adoption — conditions that don't apply to most industries. Study companies in your own category to…
Utilities Up on Defensive Bias -- Utilities Roundup
Shares of power producers rose sharply as traders rotated into defensive areas. The drop in Treasury yields this week, one of the largest of the last 12 months, alleviated pressure on dividend-oriented utilities. Still, the SPDR Select Sector…
Consumer Cos Down on Energy Cost Concerns -- Consumer Roundup
Consumer companies declined amid fears that consumers will be further squeezed by energy costs. Diesel and gasoline prices had retreated from recent highs in the U.S., but a resurgence in oil futures Friday could foreshadow another spike in prices…
Materials Up as Dollar Falls -- Materials Roundup
Producers of metals, grains and other raw materials ticked up as traders rotated into Old Economy bets due to wobbles in the yearlong artificial-intelligence rally. Gold futures rose modestly, paring their losses for the week as the U.S. dollar…
Klook Technology Limited Drops IPO Plans
Klook Technology Limited is dropping its plans for an initial public offering. The online travel company requested to withdraw its registration for an IPO, according to a Friday filing with the Securities and Exchange Commission. It had initially…
Communications Services Down on Retreat From Risk -- Communications Services Roundup
Communications-services companies slid as traders retreated from high-risk sectors. Shares of defensive cellphone carriers such as Verizon rose Friday, while risky media companies such as Netflix and Skydance lost ground. Write to Rob Curran at…
Health Care Down, But not by Much, Amid Defensive Bias -- Health Care Roundup
Health-care companies fell, but not by as much as the broad market, as traders rotated out of the technology sector into defensive areas. Shares of major health insurers such as UnitedHealth gave back some of their gains for the week but remained…
Stocks to Watch: BUUU Group, WidePoint
BUUU Group's board approved a 10-for-1 forward stock split. The stock rose 3.1% to $42.59 a share after Friday's closing bell. WidePoint Chief Financial Officer Robert George plans to resign after the company submits its quarterly financial…
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