US, China lead on most valuable firms
Chinese and US flags fly outside a hotel during a 2012 U.S. presidential election results event organized by the US embassy in Beijing on November 7, 2012. Ed Jones | …
PayPal Holdings Inc
Fintech firm Airwallex buys MexPago to expand in Latin America
The deal, which is subject to regulatory approvals, marks a major push from Airwallex into Latin America. Airwallex Global fintech giant Airwallex on Thursday said it has agreed to acquire …
Apple, Goldman Sachs were planning a stock-trading feature for iPhones
As equities soared in 2020 and consumers flocked to trading apps like Robinhood, Apple and Goldman Sachs were working on an investing feature that would let consumers buy and sell …
JPMorgan to offer online payroll services
Co-founders Eddie Kim, Josh Reeves, and Tomer London of fintech startup Gusto, which handles payroll services for small businesses. Courtesy: Kelly Boynton | Gusto JPMorgan Chase is stepping up its …
Fintech giant Wise allowed Russia sanctions target to withdraw money
Wise CEO and co-founder Kristo Kaarmann. Wise British financial technology giant Wise allowed an individual on the Russian sanctions list to withdraw money, a U.K. government body said Thursday. …
Buy now, pay later firm Klarna reduces losses by 67%, revenue up 21%
Swedish buy now, pay later firm Klarna reduced its losses by roughly 67% in the first half of 2023, as the company dramatically cut costs in a bid toward profitability. …
Intuit’s Alex Chriss named new PayPal CEO
PayPal‘s new CEO will be Alex Chriss, the executive who runs the small business and self-employed group at Intuit, members of PayPal’s board announced Monday. Chriss will take over for …
PayPal crypto chief Jose Fernandez da Ponte on battling Tether, USDC
PayPal on Monday became the first major U.S. fintech company to offer its own crypto token with a dollar-pegged stablecoin known as PayPal USD, making big promises of how it …
PayPal’s stablecoin is first dollar-backed digital currency from a major U.S. financial institution
The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images PayPal on Monday launched a U.S. dollar-backed stablecoin to help facilitate payments …
Amazon surges as Apple stumbles
Freight semi trailers are docked at the Amazon warehouse in Palmdale, California, on July 25, 2023. Robyn Beck | Afp | Getty Images This report is from today’s CNBC Daily …