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

CE 100 Index Loses 4.1%, Led by Snap’s Post-Earnings Plummet
CE 100 Index Loses 4.1%, Led by Snap’s Post-Earnings Plummet
August 05, 2024  |  Connected Economy

Earnings drove the CE 100 Index lower this past week — and almost all segments were under water, so to speak, as markets swooned amid...

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Report: Flywire Exploring Sale After Shares Drop 50% Since IPO
Report: Flywire Exploring Sale After Shares Drop 50% Since IPO
August 02, 2024  |  Acquisitions

Flywire is reportedly exploring a sale after seeing interest in a takeover. The payments processor, which has a market value of $2.3 billion, is working...

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What We’ve Learned Tracking the 100 Connected Economy Leaders Since 2022
What We’ve Learned Tracking the 100 Connected Economy Leaders Since 2022
July 15, 2024  |  Connected Economy

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...

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Report: Stripe Valued at $70 Billion Amid Possible Sequoia Deal
Report: Stripe Valued at $70 Billion Amid Possible Sequoia Deal
July 15, 2024  |  Business

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,...

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CE 100 Index Gains 1.3% as Big Banks Post Earnings
CE 100 Index Gains 1.3% as Big Banks Post Earnings
July 15, 2024  |  Connected Economy

Earnings season is in full swing, as big banks – specifically, JPMorgan and Citigroup – helped sway the fortunes of the CE 100 Index. The...

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Report: StubHub Delays IPO Amid Unpredictable Market
Report: StubHub Delays IPO Amid Unpredictable Market
July 12, 2024  |  IPO

StubHub has reportedly delayed its initial public offering (IPO) until at least September, joining several other companies that have done so because of an unpredictable...

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Wells Fargo Turns to Digital, AI as Inflation Batters Deposits
Wells Fargo Turns to Digital, AI as Inflation Batters Deposits
July 12, 2024  |  Earnings

Banks today are caught between an ongoing digital shift and a challenging macro environment. With the release of Wells Fargo’s second quarter 2024 earnings on...

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CE 100 Index Adds 1.4% and Tesla Surges in Holiday-Shortened Week  
CE 100 Index Adds 1.4% and Tesla Surges in Holiday-Shortened Week  
July 08, 2024  |  Connected Economy

There were no fireworks in terms of overall performance, but through a holiday-shortened trading week, the CE 100 Index was 1.4% higher.  Tesla’s the Standout  ...

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FedEx’s Performance Saves the CE 100 Index From Decline as Nike Disappoints
FedEx’s Performance Saves the CE 100 Index From Decline as Nike Disappoints
July 01, 2024  |  Connected Economy

It was a flat week at the end of a flat month for Wall Street as well as the CE 100 Index. The week ending...

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