Archive
Bill Ackman's Pershing Square Capital Management has disclosed a $1.12 billion new stake in Visa, alongside major new positions in Mastercard and S&P Global, deploying over $3 billion into financial data and payments infrastructure.
South Korean digital asset exchange Upbit logged $830 million in trading volume in a single hour on Saturday, led by massive activity in XRP and TRUMP tokens.
Chime Financial President and Interim CFO Mark T. Troughton disposed of 26,072 shares on Aug. 17 to meet automated tax obligations, retaining over 4.1 million shares in the San Francisco fintech firm.
Rocket Companies stock slipped 2% to $14.50 in Tuesday trading following a prior-day decline, as mortgage technology platforms and originators continue to face pressure from sustained high interest rates and subdued housing activity.
Klarna Group shares declined 7% during midday trading on Monday as investors trimmed risk ahead of the fintech firm's second-quarter earnings release, marking its most anticipated financial report since listing on the NYSE.
Zhao Feng, president of Sea Limited's gaming arm Garena, sold 4,000 Class A shares in mid-August under a pre-arranged trading plan, according to regulatory filings.
Sea Limited CEO Li Xiaodong sold approximately 1.1 million shares under a pre-established 10b5-1 trading plan, coinciding with second-quarter earnings that saw total revenue surge 48% to $7.8 billion.
Payment giants Visa and Mastercard reported quarterly financial results showing distinct paths to growth, with Visa leaning on processing volume and AI engineering shifts while Mastercard expands margins through stablecoins and value-added services.
United Kingdom-based betting exchange Smarkets is pursuing a two-pronged approach to enter the U.S. market, applying for federal CFTC approval while securing state-level sportsbook licenses.
More than a quarter of Gen Z investors treat sports betting as an intentional component of their wealth creation strategy, according to data from investment platform Betterment.
The Commodity Futures Trading Commission has launched an internal review into phrase-based 'mention markets' hosted on prediction platforms, adding to growing regulatory and legal headwinds facing the event trading sector.
PayPal generated $486 billion in total payment volume during the second quarter, yet its stock remains down 81% from its 2021 peak as lower-margin processing displaces its core branded checkout business.
