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May 24, 2022

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Wall Street rallies at end of roller coaster week

Reuters
A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register Twitter drops as Musk puts purchase deal on hold All major indexes on course for steep weekly losses Indexes up: Dow......

Crypto exchange FTX CEO reveals stake in trading app Robinhood

Reuters
The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register May 12 (Reuters) – Samuel Bankman-Fried, the chief executive and founder of......

Affirm lifts revenue outlook, extends Shopify deal; shares surge

Reuters
May 12 (Reuters) – Affirm Holdings Inc (AFRM.O)raised its annual revenue forecast and said it has extended a multi-year partnership with Shopify (SHOP.TO)in the United States, sending shares of the buy now, pay later (BNPL) firm up 23% aftermarket on Thursday. San Francisco-based Affirm’s third-quarter revenue surged 54%, surpassing the......

Bitcoin’s 2021 gains wiped out in stablecoin rout

Reuters
HONG KONG, May 12 (Reuters) – Cryptocurrencies extended their sell-off on Thursday, with Bitcoin falling to its lowest levels in 16 months as a stampede out of so-called stablecoins sent shockwaves around broader markets. The latest blow to Bitcoin and its smaller rival Ether , which has shed more than......

Lending firm Upstart’s dismal revenue view drags sector lower

Reuters
May 10 (Reuters) – Shares of Upstart Holdings (UPST.O) plunged nearly 60% on Tuesday after the AI-driven lending platform cut its full-year revenue forecast, anticipating falling demand for loans amid rising interest rates in the United States. The fintech company’s stock was on track to erase most of its gains......

Alibaba stock falls, then recovers, after state media report

Reuters
The logo of Alibaba Group is lit up at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register HONG KONG, May 3 (Reuters) – Alibaba shares fell as much as 9% on Tuesday after a state media report that......

Visa allays slowdown fears as strong consumer spending lifts quarter

Reuters
A credit card is seen in front of a displayed Visa logo in this illustration taken July 15, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Sees revenue growth above pre-COVID levels Shares gain 5% in after-market trading April 26 (Reuters) – Visa Inc (V.N) said......

US ties North Korean hacker group Lazarus to huge cryptocurrency theft

Reuters
WASHINGTON, April 14 (Reuters) – The U.S. government has linked North Korean hackers to the theft of hundreds of millions of dollars’ worth of cryptocurrency tied to the popular online game Axie Infinity, according to digital forensics firms. Ronin, a blockchain network that lets users transfer crypto in and out......

Crypto and gaming collide in high-risk ‘play-to-earn’ economies

Reuters
April 8 (Reuters) – Jarindr Thitadilaka says he made as much as $2,000 a month last year from his collection of digital pets, which he would breed and send into battle to win cryptocurrencies. The 28-year-old from Bangkok was playing Axie Infinity, one of a new breed of blockchain-based online......

Australia’s Zip to buy U.S. buy-now-pay-later rival Sezzle amid softening market

Reuters
Zip logo is seen on a smartphone in front of displayed Sezzle logo in this illustration taken January 25, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register SYDNEY, Feb 28 (Reuters) – Australian buy-now-pay-later (BNPL) firm Zip Co Ltd (Z1P.AX) plans to buy U.S. rival Sezzle......

Alibaba reports slowest revenue growth since going public as competition bites

Reuters
Q3 revenues up 10% to 243 bln yuan vs forecast 246 bln Customer management revenue down 1% year on year Shares down about 3% in premarket trade Feb 24 (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd (9988.HK), reported on Thursday its slowest quarterly revenue growth since going public......

Thai lender SCB invests $100 mln in Indonesia’s Akulaku

Reuters
A woman walks out from a Siam Commercial Bank branch in Bangkok, Thailand, April 18, 2016. REUTERS/Athit Perawongmetha Register now for FREE unlimited access to Reuters.com Register BANGKOK, Feb 15 (Reuters) – Thailand’s Siam Commercial Bank Pcl (SCB.BK) on Tuesday announced a $100 million investment in Indonesian fintech startup Akulaku,......

Israeli cyber security firm ThetaRay seals first Emirati contract

Reuters
DUBAI, Feb 14 (Reuters) – Israel technology firm ThetaRay will license a financial crime detection tool that monitors transactions for correspondent banking to Emirati bank Mashreq (MASB.DU), the companies said on Monday. It is ThetaRay’s first direct licensing agreement with a bank from the United Arab Emirates, Chief Executive Mark......

Mexican investment platform Flink to expand to Colombia this year

Reuters
MEXICO CITY, Feb 10 (Reuters) – Mexican investment platform Flink will begin operating in Colombia in June or July as part of its Latin America expansion plan, Chief Executive Sergio Jimenez said on Thursday. The platform, which enables subscribers to invest in fractions of shares of U.S. listed companies, will......

Meta, Chime file lawsuit against alleged phishing scam on Facebook, Instagram

Reuters
Feb 8 (Reuters) – Facebook parent Meta Platforms (FB.O) said on Tuesday it had filed a joint lawsuit with digital banking company Chime against two Nigeria-based individuals who engaged in phishing attacks to deceive people and gain access to their online financial accounts. The lawsuit, which is the first joint......

Thomson Reuters misses on earnings, sets higher revenue goals

Reuters
The Thomson Reuters logo is seen on the company building in Times Square, New York, U.S., January 30, 2018. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Q4 adjusted EPS 43c vs forecast 46c Invested $25 mln to better position company for 2022 Sees 2022 revenue......

Bitcoin surges 8.82% to $40,611

Reuters
A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register Feb 4 (Reuters) – Bitcoin surged 8.82% to $40,611.4 at 2202 GMT on Friday, adding $3,291.29 to its previous close. Bitcoin, the......

Alphabet inches closer to $2 trln market value after blowout results

Reuters
Feb 2 (Reuters) – Google-parent Alphabet Inc (GOOGL.O)moved closer to joining peers Apple (AAPL.O) and Microsoft (MSFT.O) in the elite $2 trillion market valuation club as the search giant’s shares surged 8% on Wednesday after another blowout quarter. The gains, if they hold, could be the biggest single-day surge for......

Italian FSI fund takes 60% stake in Iccrea’s BCC Pay

Reuters
MILAN, Jan 31 (Reuters) – Italian investment fund FSI said on Monday it would take a 60% stake in the payment activities of Italian cooperative bank Iccrea Banca in a 500 million euro ($560 million) deal, after a spate of acquisitions in Italy’s payment sector. Electronic payments are catching on......

China selects pilot zones, application areas for blockchain project

Reuters
BEIJING, Jan 30 (Reuters) – China has selected 15 pilot zones and identified several areas of application to “carry out the innovative application of blockchain” technology, according to a joint government statement on Sunday. The pilot zones include areas in China’s major cities of Beijing and Shanghai, as well as......

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