30.4 F
New York
Monday, March 8, 2021
A new online checkout startup based in San Francisco has announced a $102 Series B funding round. The company, Fast, launched its checkout feature a few months ago, and on Tuesday, announced its funding round. Stripe, a San Francisco-based software and financial services firm, led the venture....
Individual investors poured into AMC and Bed, Bath, and Beyond stocks on Monday. The excitement has created a problem for hedge fund investors who are betting against retail, which saw shares fall last year amid the coronavirus pandemic. Bed, Bath, and Beyond shares...
Health workers across the country will be the first Americans to be vaccinated against the novel coronavirus. But, employees from essential government agencies will be next to get the COVID vaccine once it’s approved. Some government sources say that the vaccine could be distributed in as little...
Stocks that profited after the coronavirus pandemic shuttered doors to businesses have now seen a decline since positive vaccine news has made its way through airwaves. Zoom, Netflix, and Amazon all saw shares fall at 17.4 percent, 8.6 percent, and 5.1 percent, respectively, on Monday. Teledoc Health,...
Third-quarter results for the three major credit card companies were less than ideal. Visa, American Express, and Mastercard all reported double-digit losses in the last quarter compared to the previous year’s quarter. The drop in profits pointed back to travel slowdowns because of the coronavirus pandemic. The...
Advanced Micro Devices (AMD) has agreed to a $35 billion deal with Xilinx. The all-stock transaction will give AMD an edge over Intel for the the data center chip market share. Intel has experienced internal manufacturing deficits, and AMD has been Intel’s chief competitor for CPUs, or...
Micro investment company Acorns said that it’s partnering with ZipRecruiter's online job marketplace to launch a hiring portal. The joint venture will allow clients to browse available job openings and apply for the ones they’re best suited for.  Acorns' CEO Noah Kerner said, “The...
Square has announced that it is utilizing some of its corporate cash to purchase 4,709 bitcoins, which is equivalent to about $50 million. The new acquisition represents nearly one percent of the payment processor’s total assets as of the second quarter this year. “Square...
Citigroup edged out Alliance Data Systems to offer a set of new credit cards with Wayfair. The move comes as e-commerce has taken off since COVID-19 cases exploded in the U.S., forcing Americans to shop and work from home. Online sales have been robust as fewer people...
The finance industry is witnessing a changing of the guard, and major banks have a lot of catching up to do. Two months ago, Paypal’s market cap exceeded that of Bank of America’s, the second-largest bank in the U.S., by market cap. When that happened, the pioneer...