The financial technology industry is currently experiencing a shift towards what some industry executives and investors believe to be a “bottom.” The unsustainable highs of 2020 and 2021 have been corrected, leading to a market that has “recalibrated.” Embedded finance, where technology companies sell financial services software to other companies, has become more focused on
Finance
GameStop shares faced a significant sell-off on Wednesday afternoon, causing concern among investors. This sell-off coincided with a surge in trading volume in call options owned by the infamous “Roaring Kitty,” whose real name is Keith Gill. Gill revealed on Monday night that he still held 120,000 call options contracts with a strike price of
Foundation Robotics Labs, a humanoid robotics startup seeking funds for an $11 million seed round, has come under scrutiny for its claims of close ties and impending investments from General Motors. The investor pitch, which was obtained by CNBC, indicated that GM had already committed to investing in the company, and was also set to
As the Federal Reserve concluded its two-day meeting, it announced that there would be no change in the key interest rate, pointing towards a single anticipated cut before the end of the year. Previously anticipated rate reductions were revised, with only one cut expected as opposed to the two initially indicated in March. Despite market
The recent announcement of a partnership between Affirm and Apple has sparked interest among Apple device users, who will soon have the option to access buy now, pay later loans through their iPhones and iPads. This collaboration is set to provide users with additional payment choices and aims to blend the convenience of Apple Pay
The stock market crash is a topic that has attracted a lot of attention lately, with many investors wondering when the next crash will occur. Looking back on history, there are certain elements that typically foster a crash in the stock market. The first element to consider is the state of the stock market itself.
The CEO of an alternative trading platform is looking to change the landscape of private equity investing in response to a slowdown in the initial public offering market. Kelly Rodriques of Forge Global has teamed up with Accuidity to introduce the Forge Accuidity Private Market Index. Their main objective is to provide more investors with
Chinese electric car company Nio is set to expand its operations to the Middle East this year, according to CEO William Li. The nearly 10-year-old company, which recently saw record-high deliveries of 20,544 vehicles in May, plans to introduce its lowest-cost brand, Firefly, in the first half of next year. Nio, which has primarily focused
Joel Anderson, the CEO of discount retailer Five Below, raised concerns about the lingering effects of inflation on consumers, especially those in the lower-income demographic. He noted that the lower-end customers are facing significant challenges due to the rising cost of living. This poses a challenge for companies like Five Below to provide value and
Salesforce, a leading enterprise technology company, recently announced the opening of an artificial intelligence center in London, showcasing a strong belief in the U.K. as a flourishing global tech hub. The new facility, spanning over 40,000 square feet in London’s Blue Fin building, is designed to accommodate more than 300 individuals. This move is intended