PYMNTS-MonitorEdge-May-2024

stock market

A stock market, equity market or share market is the aggregation of buyers and sellers of stocks, which represent ownership claims on businesses; these may include securities listed on a public stock exchanges.

Source: en.wikipedia.org

Lyft Stock Decline Draws Sharp Contrast to Uber’s Broader Platform Strategy
Lyft Stock Decline Draws Sharp Contrast to Uber’s Broader Platform Strategy
February 10, 2023  |  Ridesharing

The Uber versus Lyft battle illuminates a stark reality as the pandemic recedes: The broader the platform — the more opportunity for users (and drivers)...

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Affirm, Lending Platforms Lead FinTech IPO Index 8% Lower 
Affirm, Lending Platforms Lead FinTech IPO Index 8% Lower 
February 09, 2023  |  IPO

The lenders and platforms led the FinTech IPO Index down in a week, which logged an 8% loss. But for the group, overall, things are...

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Bestway Acquires Stake in Sainsbury’s
Bestway Acquires Stake in Sainsbury’s
January 27, 2023  |  Acquisitions

In a major U.K. retail deal, Bestway has taken a 3.45% stake in Sainsbury’s. The deal, the details of which were reported in a filing...

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LVMH Tops $430B Market Cap
LVMH Tops $430B Market Cap
January 17, 2023  |  Retail

LVMH’s share price rose to over 800 euros on Tuesday (Jan. 17). The fashion and luxury goods group, which is listed on the Euronext Paris...

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Report: Target Faces Sustained Weakness and Declining Traffic
Report: Target Faces Sustained Weakness and Declining Traffic
January 04, 2023  |  Retail

Target is “no longer an attractive investment,” a Wells Fargo analyst said Wednesday, citing a range of continued headwinds and challenges. This, as Edward Kelly,...

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FinTech Index Cut in Half Amid Year of the ‘Busted IPOs’ 
FinTech Index Cut in Half Amid Year of the ‘Busted IPOs’ 
January 03, 2023  |  IPO

The carnage that hit the FinTech IPO Index last year was nearly absolute. One number says it all, perhaps, at least in shorthand: The Index...

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FinTech-Focused Funds and Indexes Dropped More Than 50% in 2022
FinTech-Focused Funds and Indexes Dropped More Than 50% in 2022
January 03, 2023  |  Fintech Investments

FinTech-focused funds and indexes reportedly suffered greater losses than financial or tech ones during 2022. The Wall Street Journal (WSJ) reported Tuesday (Jan. 3) that...

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Apple’s Value Drops From $3T to Under $2T in Year
Apple’s Value Drops From $3T to Under $2T in Year
January 03, 2023  |  Apple

Apple’s market capitalization dropped below $2 trillion a year after hitting $3 trillion. Reuters reported Tuesday (Jan. 3) that the company’s stock slipped 4% on...

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Japan Could Reverse Ban on Foreign Stablecoins
Japan Could Reverse Ban on Foreign Stablecoins
December 27, 2022  |  Regulation

Japan is reportedly readying regulations that would let foreign stablecoins list on the country’s exchanges. According to a Monday (Dec. 26) report by Japan’s Nikkei...

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