Klarna Plus is the latest example of a fintech player hoping to build out its offerings and boost recurring revenue. An IPO is imminent, the firm’s CEO said.
Schlagwort-Archiv: Markets
German regulator urges banks to set aside bumper profits for bad news on the horizon
Banks should be setting aside this year’s bumper profits to provision for clients defaulting on loans, says BaFin President Mark Branson.
Hedge fund billionaire Bill Ackman and wife Neri Oxman buy nearly 5% stake in Tel Aviv Stock Exchange
Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a nearly 5% stake in the Tel Aviv Stock Exchange, the exchange reported in a press release Wednesday.
China’s EV players ramp up competition with Tesla using new tech
Hot competition in China’s electric car market is pushing local automakers to sell vehicles with fancy tech that Tesla doesn’t yet offer in the country.
Don’t let this passport quirk upend your next vacation. It ‚trips a lot of people up,‘ expert says
Depending on the destination, your passport may need to be valid for at least six more months in order to board the airplane.
SAP shares surge to all-time high after results, plans to restructure 8,000 jobs in push to AI
Shares of German software company SAP jumped Wednesday after it announced plans to restructure the jobs of 8,000 staff in a push toward artificial intelligence.
Netflix shares pop 10% as streamer adds 13.1 million subscribers, tops revenue estimates
Netflix reported earnings after the bell. Here are the results.
Markets ‚complacent‘ about the risks of a Trump win, strategist says
Markets are „fairly complacent“ about the risks of a second Trump presidency, which could trigger a „tantrum“ in bond markets, says PGIM’s Guillermo Felices.
Founders of Wise and Skype raise $436 million to build tech giants in Europe
Plural, a venture firm set up by the founders of Wise, Skype and Songkick, raised 400 million euros ($436.4 million) for a new fund.
World’s largest hedge funds record bumper year of profits, research shows
The world’s top hedge funds raked in record profits last year amid a resurgence in stock markets, new analysis showed Monday.