PayPal and Adyen Extending Partnership to Expedite Digital Checkouts LeapRate

August 21, 2024 BY Elizabeth Anderson

PayPal and Adyen Extending Partnership to Expedite Digital Checkouts

This broader collaboration enables the companies to offer Fastlane by PayPal, a functionality that will expedite digital checkout flows for enterprise and marketplace customers. According to the digital payment giant's press release, this initiative will be rolled out in the US before extending it to its global customer base. Both companies believe Fastlane by PayPal…

August 21, 2024 BY Elizabeth Anderson

Stinted US Labour Market Growth May Hamper Rate Cuts

Bloomberg reported that economists from Goldman Sachs (GS) and Wells Fargo & Company (WFC) expect that preliminary labour revisions will reflect a 600,000 weaker payroll growth in the year leading up to March 2024. JPMorgan Chase & Company (JPM) predicted a decline of 360,000, but Wells Fargo thinks that it may even be as much…

August 21, 2024 BY Robert Bell

Netflix Shares Hit Record Highs Again

Since May 2022, Netflix’s shares soared over 300% from their low point in May 2022, making it the only major publicly traded streaming company to recover to the all-time-high levels since COVID-19. Investors were drawn to the rapid subscriber growth as people stayed at home and the shares soared. In contrast, other streaming companies have…

August 20, 2024 BY Elizabeth Anderson

GM Axing Over 1,000 Software And Services Unit Positions Globally

These layoffs allegedly include approximately 600 positions at the company’s tech campus near Detroit. The dismissals follow hot on the heels of GM executive changes in operations. This includes the appointment of Mike Abbott, a former Apple Inc. (AAPL) executive, who, citing health reasons, resigned from GM in March 2024 after less than a year…

August 19, 2024 BY PureContent

Revolut Valued at $45bn as Stock Market Listing Awaited

This rating puts Revolut in first place among Europe’s leading private technology firms. It also means it has overtaken the biggest banks in the UK, including NatWest (NWG) and Barclays (BARC) in terms of overall valuation. The global bank is based in London and was launched by Storonsky in 2014; starting life as a pre-paid…

August 19, 2024 BY Elizabeth Anderson

Latest Consumer Spending Stats Reflect A Growing UK Economy

Analysts attributed the growth to boosts received from the sale of football shirts and other merchandise triggered by England’s Euros final. Other contributing factors were sales of alcoholic drinks, electronics and discounted sports equipment. Clothing and footwear, and homeware sections, experienced a 0.6% backslide. Sales in food flatlined, staying more or less the same. The…

August 19, 2024 BY Elizabeth Anderson

Bayer AG Shares Soar After Winning Roundup Legal Battle

On Thursday 15 August 2024, the German life sciences company announced that the third US Circuit Court of Appeals in Philadelphia ruled in its favour against the plaintiff, David Schaffner. CNBC reported that a three-judge panel found that the Federal Insecticide, Fungicide, and Rodenticide Act “demands uniformity of state law labelling requirements, preventing the obligation…

August 16, 2024 BY Robert Bell

Unilever Targets Gamers With Increased Advertising Spending

The firm recently confirmed that it tripled its advertising spend in games in the last three years. Unilever now has a team made up of more than 30 developers who are constantly trying to find new approaches that will bring its products to the eyes of the fast-growing gaming community. Willem Dinger, the global head…

August 16, 2024 BY Elizabeth Anderson

Hedge Funds Turning To AI For Market Outlooks

In recent weeks, hedge funds have appeared more cautious in their investment strategies. A TradingView report shows that many of these pooled-capital outfits have lowered their market exposure, and this may suggest wariness regarding the current economic clime. The latest predictions hint that the US Federal Reserve might start slicing interest rates in September 2024.…

Category: Market News