PYMNTS-MonitorEdge-May-2024

Block

CE 100 Loses 2.5% as Western Union Leads Payment Names Lower
CE 100 Loses 2.5% as Western Union Leads Payment Names Lower
October 30, 2023  |  Connected Economy

The CE 100 Index lost 2.5%, as payment-related names led to the downside. The Pay and be Paid segment was the worst performing sector, sliding...

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Circle and TBD Aim to Launch DeFi-Focused Foundation
Circle and TBD Aim to Launch DeFi-Focused Foundation
October 23, 2023  |  Partnerships

TBD and Circle have launched a partnership centered around open source adoption of decentralized identity. The collaboration, announced Monday (Oct. 23), will also culminate in a non-profit founded...

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TIDAL Owner Block Acquires Artist-Oriented Financial Product Provider HIFI
TIDAL Owner Block Acquires Artist-Oriented Financial Product Provider HIFI
October 13, 2023  |  Acquisitions

Block has acquired HIFI, a firm that provides financial products for music artists and their teams. HIFI founder and CEO Damian Manning announced the acquisition...

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CE 100 Index Drops 4.3% as All Pillars Slide and WeWork Faces Lawsuit
CE 100 Index Drops 4.3% as All Pillars Slide and WeWork Faces Lawsuit
September 25, 2023  |  Connected Economy

The CE 100 fell by 4.3% last week, outpacing the broader indices’ decline. The Nasdaq, by way of example, slid 3.5%. All pillars lost ground,...

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Square CEO Alyssa Henry to Exit on Oct. 2
Square CEO Alyssa Henry to Exit on Oct. 2
September 18, 2023  |  Personnel

Square CEO of Block Alyssa Henry will depart the company on Oct. 2. Henry will be succeeded by Jack Dorsey, the company’s Block head and chairperson, who will also...

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Cash App Renewal’s Squared Away as Marqeta CEO Sets Sights on Marketplaces, Embedded Finance
Cash App Renewal’s Squared Away as Marqeta CEO Sets Sights on Marketplaces, Embedded Finance
August 09, 2023  |  Earnings

Cash App’s firmly in place — and will be a significant contributor to Marqeta’s top line for years to come. And with that bit of...

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CE 100 Index Slips 2.6% as Block and PayPal Drop Double Digits 
CE 100 Index Slips 2.6% as Block and PayPal Drop Double Digits 
August 07, 2023  |  Connected Economy

Earnings were everywhere this past week. And for the CE 100 Index, earnings-related headlines were the sole drivers of stocks to the upside — and...

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Block and Coinbase Earnings Show Crypto’s Flight to Quality Lands on Bitcoin
Block and Coinbase Earnings Show Crypto’s Flight to Quality Lands on Bitcoin
August 04, 2023  |  Earnings

Expectations weren’t very high for Coinbase Global this most recent quarter. The company continues to face very significant risks on the regulatory front within the...

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This Week In Payments: Rules for AI, Block Picks a Fee Fight and FedNow Arrives
This Week In Payments: Rules for AI, Block Picks a Fee Fight and FedNow Arrives
July 21, 2023  |  Payment Methods

This week in payments saw the SEC weigh in on artificial intelligence (AI), the long-awaited debut of the FedNow instant payments rail to mixed reviews,...

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