Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesJack Dorsey’s Block got started as Square, offering small businesses a simple way to accept payments via smartphone. Affirm began as an online lender, giving consumers more affordable credit options for retail purchases. PayPal upended finance more than 25 years ago by letting businesses accept online payments.The three fintechs, which were each launched by tech luminaries in different eras of Silicon Valley history, are increasingly converging as they seek to become virtual all-in-one…
Author: usaeverydaylife
This is one of the stock profiles of StockStory , a fintech investing company seeking to identify long-term ideas that beat the market using an AI-driven approach. Previously StockStory covered Cloudflare (NET) and Howmet Aerospace (HWM) . As the world digitizes, buying advertising inventory is moving from power lunches to programmatic platforms that leverage data and automation. The Trade Desk (NASDAQ:TTD) is the clear leader in this space, allowing brands to target custom audiences, place ads in relevant media, and measure return on spend. Key Highlights: TTD is the best and largest independent platform for ad buyers. This is why…
With UnitedHealth ‘s steep sell-off following a report that its Medicare billing practices are under investigation, analysts are evaluating how best to play the stock. Shares of the health insurer tumbled 9% on Friday, on track for its worst day since 2020. The stock is now down more than 12% on the week, making it also poised to notch its worst weekly performance in half a decade. These declines came after The Wall Street Journal reported that the Justice Department is evaluating protocols for recording diagnoses that can lead to extra payments to its Medicare Advantage plans. This civil investigation…
‘Fast Money’ traders talk the sell off in the banking sector today. Source link
Many members of the House skipped holding large, public events while out of Washington this week. But the Republicans who did hold town halls back home got an earful.At events from Georgia and Wisconsin to Oklahoma and Oregon, House Republicans faced sometimes-hostile crowds furious about the sweeping budget cuts and mass firings of federal workers that President Donald Trump and Elon Musk’s Department of Government Efficiency are carrying out.With the House on recess and many lawmakers returning to their districts, this week was the first opportunity for them to hear directly from constituents about Trump and Musk’s scorched-earth strategy to…
STOCKHOLM — Executives at U.S. tech giants Google and Meta said that Europe’s artificial intelligence industry is being held back by excessive regulation, adding to rhetoric from Donald Trump’s administration that the region’s strict tech rules are choking innovation.Speaking at the Techarena tech conference in Stockholm, Sweden, public policy chiefs at both Google and Meta used the stage as a platform to voice their concerns about the bloc’s strict approach to regulating technologies such as AI and machine learning.”I think there is now broad consensus that European regulation around technology has its issues, and sometimes it’s too fragmented, like GDPR…
The police in Germany detained a suspect in a Friday stabbing attack at Berlin’s iconic Holocaust memorial that left one person seriously injured.The assault, coming two days before a pivotal national election and amid a rise in antisemitic violence across Europe, occurred in the labyrinth of concrete stelae that make up the Memorial to the Murdered Jews of Europe, located across the street from the U.S. Embassy and one of the capital’s most sacrosanct sites.The police said that they were verifying the detained person’s identity and that the investigation was continuing. The police have not yet found the knife thought…
Analysts were standing to the sidelines following Rivian Automotive’s latest quarterly results , as they see a tough growth path ahead for the automaker. Rivian shed more than 4% in the premarket Friday after it forecast lower deliveries in 2025. For the year, the company anticipates deliveries between 46,000 units and 51,000 units, lower than the 51,579 vehicles it delivered in 2024. That overshadowed Rivian reporting better-than-expected fourth-quarter numbers. The company posted a loss of 46 cents per share on revenue of $1.73 billion for the period, while analysts surveyed by LSEG had penciled in a loss of 65 cents…
David Zervos, Jefferies, joins ‘Fast Money’ to talk about what’s next for the Federal Reserve. Source link
The Boeing logo is displayed on a screen at the New York Stock Exchange on Aug. 7, 2019.Brendan Mcdermid | ReutersBoeing’s longtime veteran and chief aerospace safety officer, Mike Delaney, will retire later this year, according to a memo seen by Reuters on Friday.The aerospace company in the next few weeks will appoint a successor to Delaney who has been working with Boeing for nearly four decades, company chief Kelly Ortberg told employees in an internal message.Delaney, appointed in 2021, bolstered Boeing’s safety practices, the message said.”His contributions over the decades have advanced our global aviation safety strategy, helped our…
