Reported 10 days ago
Payoneer Global Inc. (NASDAQ:PAYO) is highlighted as one of the best fintech stocks to buy according to analysts, receiving a Buy rating from Needham with a $10 price target. After discussions with the company's leadership, Needham found that recent US tariffs on China are less impactful than expected and that Payoneer is exploring avenues for future growth, particularly through stablecoins. Despite its promising outlook, the article suggests that some AI stocks may offer better investment potential.
Source: YAHOO
Reported 10 days ago
Citizens has maintained its Market Perform rating for Upstart Holdings (NASDAQ:UPST) amid concerns about rising delinquencies in subprime lending. The reaffirmation comes as consumer finance stocks have declined from recent highs, influenced by factors like the upcoming resumption of student loan repayments and tariff impacts on pricing. Although Upstart Holdings operates a promising AI lending platform, Citizens suggests that other AI stocks may present better investment opportunities.
Source: YAHOO
Reported 10 days ago
Citizens JMP has reaffirmed its Market Outperform rating on Remitly Global, Inc. (NASDAQ: RELY), setting a price target of $23, indicating confidence in the company's robust growth in the fintech sector. Remitly, recognized as one of the top fintech stocks, offers digital financial services and cross-border payment solutions across over 170 countries. Despite this positive outlook, the report suggests that other AI stocks may present more significant growth potential with less risk.
Source: YAHOO
Reported 10 days ago
Alkami Technology, Inc. has teamed up with Hanscom Federal Credit Union to launch a new mobile banking app focused on gamification and personalized financial wellness tools. The app, which integrates Alkami’s digital infrastructure, will include features like goal-setting and interactive rewards, providing a secure and engaging banking experience. Additionally, HFCU will adopt Alkami's Online Banking Platform to ensure a smooth digital banking journey.
Source: YAHOO
Reported 10 days ago
Priority Technology Holdings, Inc. (NASDAQ:PRTH) has successfully completed the acquisition of assets from DMSJV, LLC, known as Dealer Merchant Services (DMS). The deal includes the acquisition of revenue agreements and customer relationships, enhancing Priority's portfolio in the auto dealership sector. DMS's leadership will join Priority, and the acquisition is expected to generate approximately $3 million in additional revenue and over $1 million in adjusted EBITDA in Q4 2025.
Source: YAHOO
Reported 10 days ago
Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has successfully implemented its CWAN platform for T. Rowe Price Associates, improving efficiency and reducing risks in their stable value operations. T. Rowe Price, a major global asset management firm managing $1.73 trillion in assets, benefits from advanced features of the CWAN platform, which is designed to transform investment management technology.
Source: YAHOO
Reported 10 days ago
The prospect of 3x- and 5x-leveraged ETFs being approved by the SEC is uncertain, with recent filings causing speculation amid a federal government shutdown. While there's an active prediction market for a Litecoin ETF, similar bets for these leveraged funds are absent. Experts caution that potential buyers should treat these ETFs as trading tools rather than investments, given their inherent risks and the possibility of 'roll decay' affecting returns.
Source: YAHOO
Reported 10 days ago
The family of Samsung Electronics Chairman Jay Y. Lee plans to sell shares worth approximately $1.2 billion to cover tax payments and loan repayments. This sale of a 0.3% stake comes as they aim to manage inheritance taxes linked to the estate of the late Samsung patriarch Lee Kun-hee. Despite the sale, which could affect retail investor sentiment, Samsung's stock has experienced a significant increase of over 84% this year.
Source: YAHOO
Reported 10 days ago
Source: WSJ
Reported 10 days ago
VanEck is launching a series of sector-focused ETFs aimed at circumventing strict concentration rules that limit how much can be invested in individual securities. By offering products like the TruSector ETFs, which provide exposure to technology, consumer discretionary, and more, the firm allows investors to spread their investments more effectively beyond major companies while adhering to regulations. This strategy addresses the significant concentration in market-cap weighted indexes, enabling clients to achieve a more balanced portfolio.
Source: YAHOO
Reported 10 days ago
Nestlé's new CEO Philipp Navratil aims to revitalize the company with a bold strategy that includes significant cost-cutting measures and a focus on innovation to reclaim market share. However, the effectiveness of his plans, which mirrors those of his predecessor, remains uncertain as he faces external challenges such as supply chain disruptions and inflation. While some positive indicators have emerged, including a rebound in internal growth metrics, the upcoming months will be crucial for determining whether Navratil can successfully execute his ambitious agenda.
Source: YAHOO
Reported 10 days ago
President Donald Trump announced that he has commuted the prison sentence of former Republican Representative George Santos, who was serving over seven years for campaign fund theft and other charges. Trump referred to Santos as a 'rogue' and claimed he was mistreated in prison. Santos, once a rising political figure from New York, had pleaded guilty to multiple fraud-related charges, and his political career ended amid revelations of lies about his background.
Source: YAHOO
Reported 10 days ago
Source: BARRONS
Reported 10 days ago
President Donald Trump has announced an extension of tariff relief for U.S. automakers, prolonging a rebate program for auto parts until 2030. This decision accompanies a new 25% import tax on medium and heavy-duty trucks starting November 1. The administration aims to support domestic manufacturing while addressing rising costs attributed to existing tariffs. The rebate, initially meant to expire in 2027, now includes trucks and engines and is set at 3.75% based on vehicle sale prices. These measures come as car prices reach record highs, with consumers facing increased expenses.
Source: YAHOO
Reported 10 days ago
The CEO of Jefferies, a leading investment bank, claims to have been 'defrauded' in the bankruptcy of First Brands Group, which is causing turmoil in global credit markets. As First Brands faces a crisis with over $2 billion missing and significant debts, CEO Rich Handler insists that his bank's exposure, initially believed to be much higher, is now manageable. The situation has drawn parallels to the Enron scandal, with short-seller Jim Chanos warning of potential widespread issues within the financial sector as investigations into the collapse unfold.
Source: YAHOO
Reported 10 days ago
Benchmark Mineral Intelligence, a UK-based firm specializing in data for energy transition minerals, has recently laid off at least 40 employees, which constitutes about 20% of its workforce. This decision comes as the company faces declining demand for lithium and other key materials essential for electric vehicles, amid rising production costs and tariffs, leading to a projected drop in U.S. EV sales.
Source: YAHOO
Reported 10 days ago
Source: WSJ
Reported 10 days ago
Source: BARRONS
Reported 10 days ago
Nvidia has introduced the first Blackwell chip wafer produced in the U.S. at TSMC's facility in Phoenix, amid a growing demand for AI chips. This initiative aims to reinforce the U.S. supply chain and enhance its technological leadership in the AI sector, aligning with efforts to boost American manufacturing. TSMC's Arizona operations will focus on advanced chip technologies crucial for AI, telecommunications, and high-performance computing.
Source: YAHOO
Reported 10 days ago
Traders have estimated that the US Treasury sold over $200 million in Argentine pesos in an effort to stabilize the currency, which has been losing value despite American support. This significant sale occurred ahead of Argentina's midterm elections, as the US aims to prevent further devaluation. Secretary Scott Bessent noted that the Treasury has the ability to act flexibly to support the Argentine economy, which is facing challenges amidst growing dollar demand from citizens.
Source: YAHOO
Reported 10 days ago
As global finance chiefs gather amid escalating trade tensions between the US and China, they await the potential meeting between Presidents Trump and Xi. While concerns linger about the effects of tariffs and geopolitical distrust, policymakers urge calm and hope for constructive dialogue to mitigate risks to global economic growth. Despite mixed sentiments of anxiety and relief, the imminent negotiations signal a glimmer of hope for easing trade disputes that could impact economies worldwide.
Source: YAHOO
Reported 10 days ago
Institutional Shareholder Services (ISS) has advised Tesla shareholders to vote against Elon Musk's proposed $1 trillion compensation package, marking the second consecutive year they have done so. The proxy advisory firm raised concerns about the plan's scale and lack of assurances to keep Musk focused on Tesla, despite the company's efforts to encourage investor support. Shareholders are set to vote on the package at Tesla's annual meeting on November 6, amid ongoing legal battles over Musk's previous pay arrangements.
Source: YAHOO
Reported 10 days ago
Source: BARRONS