The money consumers saved during the pandemic has been spent. Savings are pressured, and credit card debt is mounting. When it comes to keeping current on auto loans, consumers are running out of gas (pun intended). This week, Ally Financial was in the spotlight as...
Economic data remained the key driving force behind stocks this past week, and the FinTech IPO Index was no exception. But despite volatile trading action throughout the group, the Index was flat, up a scant 0.06%. As for the data, last week saw a slowing...
Nvidia’s latest earnings report released Wednesday (Aug. 28) revealed a paradox: record-breaking revenue fueled by artificial intelligence chip demand, yet a deceleration in growth that left investors jittery. The company’s performance, particularly in its data center segment, which includes AI-focused products, remained strong in the...
Is the American consumer cautiously confident? Confidently cautious? Somewhere in the middle? The Conference Board released its Consumer Confidence Index Tuesday (Aug. 27), which showed a slight uptick but didn’t produce a definitive answer. However, when you mix in earnings season results, it’s hard to...
September 13, 2024
Economic data remained the key driving force behind stocks this past week, and the FinTech IPO Index was no exception. But despite volatile trading action throughout the group, the Index was flat, up a scant 0.06%. As for the data, last week saw a slowing labor market, while jobless claims released on Thursday inched up […]
July 19, 2024
Earnings season has yet to start making headlines and moving stocks in the FinTech IPO Index, but the overall group was up 3.8% through the week, and platforms were the...
July 15, 2024
The Connected Economy (CE) 100 Stock Index was launched in February 2022. It was introduced as an equity index of 100 publicly traded companies across 11 categories, aiming to track the...
July 12, 2024
Earnings season’s about to begin – on Friday, but the FinTech IPO Index’s 3.4% rally these past five sessions came amid several new partnership announcements. Upstart Leads the Momentum Upstart...
September 13, 2024
Worldline’s board of directors said Friday (Sept. 13) that Gilles Grapinet will step down as CEO and board member Sept. 30 and that the company will search for a new CEO who will work with the board to determine a new strategic plan. The company also said in the Friday (Sept. 13) press release announcing […]
August 05, 2024
Several U.S. bank stocks reportedly slipped Monday (Aug. 5) as investors left the sector amid rising fears of a potential recession. Among the losses were a drop of about 4%...
July 15, 2024
The valuation of payments processing platform Stripe reportedly reached $70 billion. Sequoia Capital is offering to buy shares from investors that want to cash out, Bloomberg reported Monday (July 15),...
June 19, 2024
“Just saying ‘AI’ 15 times is not going to cut it anymore.” So said Stuart Kaiser, head of U.S. equity trading strategy at Citi, speaking to the Financial Times (FT)...
