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Business

“Stripe rival Adyen’s shares soar 22% as European payments giant posts profit beat, slows hiring”

“Shares of European online payments giant Adyen jumped on Thursday, after the company reported strong sales growth and better-than-expected profit for 2023. Adyen, which competes with Stripe, PayPal, and Block, told shareholders in its 2023 annual letter that it had slowed the… Continue Reading…

Banking, Economy

“6 new nations are set to join BRICS. As the G7’s political counterweight grows, is the dollar at risk to a new rival?”

“On the final day of the annual BRICS summit in Johannesburg on Thursday, leaders of the group announced Saudi Arabia, Iran, Egypt, Argentina, Ethiopia, and the United Arab Emirates (UAE) will join their ranks starting Jan. 1… But Gregory Daco,… Continue Reading…

Stocks

“Europe’s Stripe rival Adyen saw $20 billion wiped off its value in a single day. Here’s what’s going on”

“…The company’s shares plummeted 39% on Thursday, erasing 18 billion euros ($20 billion) from Adyen’s market capitalization, as investors dumped the stock after the firm reported its slowest revenue growth on record. The stock closed down a further 2.9% on Friday… Continue Reading…

Cryptocurrencies

“Coinbase rival Binance coin and Dogecoin are surging ahead of pivotal IPO… Here’s why”

“Crypto prices were surging on Wednesday as investors watched for the U.S. hotly anticipated debut of Coinbase Global COIN, 3.10% later in the session. Popular crypto asset, dogecoin, which was engineered as a joke back in 2013, was was up more than 127%,… Continue Reading…

Business, Stocks

“Exxon Rival Could Be First Oil Major To Resume Stock Buybacks”

“BP (BP) announced Tuesday that it likely hit its debt-reduction target in the first quarter, helped by assets sales and rebounding oil prices. BP stock rose.it’s now been more than a year since the coronavirus pandemic hit if you can believe… Continue Reading…

Business

“Uber is buying its Middle East rival Careem for $3.1 billion”

“Uber is buying the biggest ride-hailing app in the Middle East. In the biggest tech deal the region has ever seen, Uber is paying $3.1 billion for Careem with a mixture of cash and securities that will convert into Uber… Continue Reading…