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% at Citigroup; a 2.7% decrease at Bank of America and Goldman Sachs; and a 2.2%...
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 prime movers. Lemonade shares surged more than 21%. In a Tuesday (July 16) announcement, Lemonade...
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 digital transformation and the growth of the connected economy. At the time, though we were...
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), citing unnamed sources. The venture capital firm is offering $27.51 for Stripe shares and will...
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 prime movers. Lemonade shares surged more than 21%. In a Tuesday (July 16) announcement, Lemonade said that it had launched buildings and contents insurance in […]
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...
May 17, 2024
Call it the week of the platform. Earnings reports from firms that focus on bringing supply and demand together — in lending, for example, or for modernizing payments between merchants...
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% at Citigroup; a 2.7% decrease at Bank of America and Goldman Sachs; and a 2.2% dip at J.P. Morgan Chase, Reuters reported Monday. The losses […]
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)...
May 31, 2024
Nvidia’s role in the artificial intelligence market could reportedly make it the world’s second-most valuable company. The chip maker could overtake Apple to assume the position, behind No. 1 ranked...
