Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The Fintech Stock That Could Disrupt the Credit-Scoring Business Over the Next Decade
For decades, credit bureaus Equifax (EFX 1.41%), Experian (EXPGY 0.40%), and TransUnion (TRU 0.64%) dominated the industry they largely shaped. There was no room or reason for another player. As has been the case for so many other businesses, time…
Industrials Down Amid Mixed Earnings -- Industrials Roundup
Shares of industrial and transportation companies fell amid mixed earnings. Freight railroad Norfolk Southern logged lower income and flat revenue in the first quarter, citing the challenges of a quarter marked by poor weather and heightened…
Prediction Markets: The Potential Multi-Trillion Dollar Asset Class Hiding In Plain Sight
In a world where trust in information is breaking down, prediction markets offer a model for truth discovery backed by capital, not opinion. In this article, we argue that prediction markets will not disrupt sports betting and that they could…
Energy Down With Oil Futures on U.S.-Iran Talks Hopes -- Energy Roundup
Shares of energy companies fell alongside oil futures after reports that a U.S. delegation led by Trump administration negotiators Jared Kushner and Steven Witkoff was travelling to Pakistan for potential talks with Iran. Iran's foreign minister…
US Authorities Freeze $344M in Crypto Linked to Iran
Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries. All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details…
Health Care Down on Earnings, Regulatory Fears -- Health Care Roundup
Health-care companies fell amid concerns about regulation in the sector. U.S. health insurers are accelerating efforts to streamline prior authorization requirements, with UnitedHealthcare, Aetna and Cigna detailing progress toward industry…
Steve Ballmer blasts founder he backed who pleaded guilty to fraud: 'I was duped and feel silly'
Silicon Valley tends to tolerate a certain amount of founder exaggeration when pitching investors, often dismissing it as part of selling a vision. But some choices cross the line and can lead to jail time for founders and scandal for their…
Pioneer Buys Targeted Lending For About $140 million
Pioneer Bancorp has agreed to buy Targeted Lending in an all-cash deal worth about $140 million, including debt, combining the New York community bank with the equipment financing company. Under the terms of the deal, which is expected to close on…
Utilities Up as Volatile Week Finishes Flat -- Utilities Roundup
Shares of power producers ticked up, finishing a volatile week for the sector more or less flat. Utility investors are waiting for signals from the Federal Reserve, which could cause big moves in the Treasury market, moves that often have ripple…
Portland General Electric Boosts Quarterly Dividend 5%
Portland General Electric boosted its quarterly dividend by 5% to 55.125 cents a share, up from 52.5 cents. The new payout, equal to roughly $2.20 a year, represents a 4.3% annual yield based on the company's Friday closing price of $50.98. The…
Consumer Cos Up as Energy Shock Fears Subside -- Consumer Roundup
Consumer companies rose as concerns about a prolonged energy shock eased. The U.S. Global JETS exchange-traded fund rose 1%, but the basket of major airlines remained down by 5% over the last five sessions. Shares of Procter & Gamble rose after the…
Materials Up After Newmont Earnings -- Materials Roundup
Producers of metals, grains and other raw materials rose after strong earnings from one major gold miner. Shares of Newmont rallied after the miner doubled the size of its stock buyback program following an earnings bonanza in the first quarter.
Stanley Black & Decker Authorizes $500M Share Repurchase
Stanley Black & Decker approved a $500 million share repurchase authorization. The power and hand tools maker also terminated its previous repurchase authorization of up to 20 million shares as part of the new repurchase program structure, the…
Yorkville Acquisition Names Rillo CEO, Succeeding McGurn
Yorkville Acquisition Corp. named Troy Rillo its new chief executive officer, after former CEO Kevin McGurn resigned to become CEO of Trump Media and Technology Group. Rillo will continue to serve as the company's finance chief, Yorkville said in a…
Editorial | Influx of global firms underscores Hong Kong's economic recovery
Foreign critics periodically declare the end of Hong Kong, with some of the most recent warnings following the exit of foreign firms after the 2019 protests and the Covid-19 pandemic. Now, firms are returning in droves, including some new ones in…
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