Vibrant, a Stellar network-based digital wallet enabling customers to send, receive, and withdraw funds with USDC, has reported extremely positive annual growth metrics, driven by areas with high inflation rates. The Stellar Development Foundation (SDF), a nonprofit organisation supporting the development and growth of the Stellar network, reported this growth, revealing that between Q2 2023 […]
The British Business Bank launched a Growth Guarantee Scheme (GGS), a new iteration of the Recovery Loan Scheme (RLS), at the beginning of July to support UK startups. Many organisations are looking at ways to participate and support the ecosystem, with Simply Asset Finance, the specialist business lending provider, being the latest to allow users to borrow under […]
Lineage, the largest temperature-controlled warehouse real estate investment trust (REIT) in the world, closed up more than 3% in its Nasdaq Stock Market debut on Thursday, after going public under the ticker symbol “LINE.” Lineage priced 57 million shares at $78 apiece on Wednesday, near the top of its initial $70 to $82 target range. […]
Billionaire investor Bill Ackman is postponing the highly scrutinized listing of Pershing Square’s U.S. closed-end fund, according to a notice on the New York Stock Exchange’s website. The initial public offering of Pershing Square USA Ltd., with the ticker PSUS, has been delayed until a date to be announced, according to the website. Ackman is […]
Investors are punishing automakers’ stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and high prices, just as the companies are having to spend huge sums to make new electric and gas vehicles. Each auto company has unique problems, but common to many are growing vehicle stockpiles on dealer lots, requiring […]
The Southwest Airlines seat scramble is a familiar drill for South Florida travelers. Line up to get on the plane, search for a good open seat, pray that there’s some nearby overhead bin space. But the 50-year-old tradition is ending. Southwest, which has up to 67 daily departures from Miami and Fort Lauderdale airports, will […]
Revolut, the global fintech boasting over nine million UK customers, has officially obtained its UK banking licence from the Prudential Regulation Authority (PRA), more than three years after its initial application. After securing the UK banking licence, Revolut should be able to eventually offer a far wider range of products and services to customers, including mortgages and […]
The UK’s Current Account Switch Service has revealed that it facilitated over 1.4 million in the past 12 months, up 10 per cent from the previous year, with the latest stats offering a positive outlook for the market. The Current Account Switch Service explained that the continued upward switching trend highlights that finding the right […]
DETROIT — Ford Motor came in short of Wall Street’s second-quarter earnings expectations while beating on revenue, due to warranty costs that have plagued the automaker for several years now. The automaker increased its full-year target for free cash flow but maintained its 2024 earnings guidance, disappointing some investors who had hoped for a hike. Ford’s guidance […]
Google parent company Alphabet reported second-quarter results after the bell Tuesday that were in-line with analyst estimates on revenue and earnings, but missed on YouTube advertising revenue. Alphabet shares were down about 2% in after-hours trading. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings: $1.89 a share vs. $1.84 per share expected Revenue: $84.74 billion […]
The UK appears to be more welcoming of a digital future according to research from Marqeta, the global modern card issuing platform powering embedded finance solutions. In its fifth annual report, titled The 2024 State of Payments Report, Marqeta revealed that UK consumers are very quickly embracing a digital payment society. Fifty per cent of respondents said they […]
Online payment processing solution provider GoCardless has announced a partnership with One Mortgage System (OMS), a CRM platform for brokers, to simplify and accelerate the payment process for its user base. OMS will integrate GoCardless’ open banking payments feature, Instant Bank Pay, directly into its platform, enabling brokers to efficiently request payments from their clients for a variety of services rendered, […]
