9:11 a.m. Today9:11 a.m. Dec. 10, 2019
Merrill Edge, Wells Fargo Embrace Zero Commissions
Bank of America expands commission-free trading to all self-directed Merrill Edge investors, while Wells Fargo’s online brokerage scraps commissions.
7:42 a.m. Today7:42 a.m. Dec. 10, 2019
4 Stocks to Play the Way Technology Is Changing Everything About Finance
KBW points to real estate technology companies and electronic fixed-income trading companies.
8:35 a.m. Dec. 4, 2019
Fintech Lending Stocks Have Been a Bust. Here’s Why.
Shares of each of the public, pure-play fintech lenders—Elevate Credit, Enova, FlexShopper, LendingClub, and OnDeck Capital—now trade beneath their initial public offering prices.
9:40 a.m. Dec. 2, 2019
- By Ciara Linnane
Chinese fintech OneConnect Financial to offer 36 million ADS in planned IPOChinese fintech OneConnect Financial Technology Co. Ltd. set terms for its planned initial public offering on Monday with plans to offer 36 million American Depositary Shares priced at $12 to $14 each. Each ADS will be equal to three ordinary shares, the company said. It has applied to list on the New York Stock Exchange under the ticker symbol "OCFT." Eight banks are underwriting the deal, led by Morgan Stanley. The company calls itself the biggest technology-as-a-service platform for financial institutions in China. Proceeds of the deal will be used to enhance the platform and its technological capabilities, to expand overseas and make strategic investments, for sales and marketing and for general corporate purposes. The company started as a fintech unit of Ping An Group, China's second biggest financial institution.
8:28 a.m. Nov. 26, 2019
- By Francine McKenna
SEC may be set to crack down on companies that adjust revenue Some comment letters from the regulator urge companies to stop adjusting revenue, others settle for more disclosureComment letters show companies are getting into trouble with the regulator for adjusting one of the most important numbers — revenue.
9:53 a.m. Nov. 25, 2019
Goldman Sachs Goes Downmarket
The Wall Street powerhouse no longer is targeting just the ultra-wealthy. Credit cards, a digital bank, and an advisory firm for the merely wealthy are three ways it’s broadening its reach.
9:47 a.m. Nov. 21, 2019
The Market Loves the Idea of a Schwab-TD Ameritrade Merger. Regulators May Not.
The combined company would have enormous leverage in the industry.
3:27 a.m. Nov. 21, 2019
- By Jeff Reeves
Forget Big Tech monopolies — the better stock-market investment is in oligopolies Look at health care, railroads, utilities and moreLook at health care, railroads, utilities and more within the S&P 500.
8:15 a.m. Nov. 19, 2019
- By Nicole Lyn Pesce
The guy whose Apple Card rant went viral explains why it fails on even ‘basic functionality’One viral Reddit poster explains how the Apple Card fails compared to other cards
9:37 a.m. Nov. 18, 2019
Big Tech Promised to Reinvent Banking. It Didn’t.
Companies such as Alphabet and Apple are learning that beating the big banks in fintech isn’t so easy. So instead, they’re joining them.
7:48 a.m. Nov. 14, 2019
- By Emily Bary
Big Tech wants into your wallet so they can get more data, like their Chinese rivals Chinese tech giants control mobile wallets that track a variety of financial services, which is appealing to Google, Apple, Facebook and AmazonTechnology giants are showing a heightened interest in the financial-services industry as they see Chinese tech companies succeeding in payments, an area that could be lucrative for data collection.
9:42 a.m. Nov. 9, 2019
- By Paul Brandus
The biggest bull market ever — yet disaster looms for millions of retirees The coming ‘tsunami of poverty’ for retirees — and what to do about it The coming ‘tsunami of poverty’ for retirees — and what to do about it
5:23 a.m. Nov. 9, 2019
- By Jeff Reeves
5 companies that Google should eye after buying Fitbit Any one of these would be a great fit for AlphabetAny one of these would be a great fit for Alphabet and deliver an influx of new products, talent and energy.
3:00 a.m. Nov. 4, 2019
- By Jeremy C. Owens
The earnings recession looks destined to continue as Disney and the rookies take stage Earnings Watch: Peloton and Uber will join health-care companies, videogame publishers and a whole lot of internet stocksWhile the departure of October means the quarter is only one-third complete, the quarterly earnings season has already entered the home stretch, and appears certain to lose yet again.
10:00 a.m. Nov. 3, 2019
Uber, Disney, Square and Other Stocks to Watch This Week
It’s another busy week of third-quarter earnings reports. Plus, services economy data and a consumer sentiment survey are the week’s economic data highlights.
12:28 p.m. Nov. 1, 2019
How to Bet on China — and Manage the Risks
Our China Roundtable explores the outlook for fintech, education, and consumer-focused stocks in the world’s second-largest economy.
7:42 a.m. Nov. 1, 2019
The eBay of Latin America Lost More Than Expected. Here’s the Good News.
MercadoLibre stock fell as its quarterly loss was $2.97 a share, while analysts expected a loss of 3 cents.
10:14 a.m. Oct. 30, 2019
- By Andrea Riquier
Is it time for ETFs to get active? With only 2% market share, there’s only one way for actively-managed ETFs to go, and that’s up... right? As ETFs mature and the appeal of their structure becomes more accepted, fund managers will increasingly opt to use an ETF framework, rather than a mutual fund, as the backbone for their investing strategies.
2:30 a.m. Oct. 30, 2019
- By Andrea Riquier
ETFs with themes: popular, but a small share of the market Are these funds a dime a dozen? Innovative exchange-traded funds with clever marketing and cute tickers grab lots of media attention, but command a relatively small share of the number of funds and total assets invested, according to a new analysis.
11:43 a.m. Oct. 29, 2019
- By Max A. Cherney
Walmart inks fintech deal with Green Dot, extends MoneyCard partnershipGreen Dot Corp. shares soared more than 20% in the extended session Tuesday after Walmart Inc. said Green Dot will continue to serve as the issuing bank and program manager for the company's MoneyCard program for seven years. Green Dot and Walmart will also create a joint financial technology accelerator program called TailFin Labs LLC. Walmart shares were flat in after-hours trading.
7:06 a.m. Oct. 29, 2019
- By Lina Saigol
Blow to London IPOs as African Export-Import Bank puts float on ice The African Export-Import Bank cancels IPO plans, just days after telling investors it would go ahead with the listing Pan-African trade finance group blames unfavorable market conditions for postponing IPO.
6:17 a.m. Oct. 28, 2019
Why Bitcoin Has Jumped 25% in Four Days
The cryptocurrency is becoming a ‘new battleground’ in the U.S.-China trade war.
3:10 p.m. Oct. 27, 2019
- By Emily Bary
Amazon to support utility-bill payments with Alexa The e-commerce giant will start letting consumers use Amazon Pay for bill payments by voice and onlineAmazon.com Inc. is tapping into bill payments by letting customers use its Amazon Pay feature for their utility bills.
3:00 p.m. Oct. 25, 2019
Square’s Case of ‘Mistaken Identity’
Square blazed a new trail in the world of payments. But the company’s software-like valuation no longer makes sense.
10:03 a.m. Oct. 23, 2019
- By Emily Bary
Banks are at risk of losing $88 billion in payments revenue due to tech competition A report from Accenture says banks could lose up to 15% of payments revenue by 2025North American banks are at risk of losing up to 15% of payments revenue as technology giants and fintech upstarts continue their advance.
7:59 a.m. Oct. 23, 2019
- By Quentin Fottrell
Silicon Valley’s final frontier for payments: ‘The neoliberal takeover of the human body’ Ditching credit cards for facial recognition removes the last physical barrier between our bodies and Corporate AmericaDitching credit cards for facial recognition removes the last physical barrier between our bodies and Corporate America.
7:49 a.m. Oct. 23, 2019
- By Emily Bary
Fintech unicorn Kabbage ends Q3 with nearly $100 million in revenue amid loan growth Company saw loan originations grow by 43% year-over-yearFinancial technology unicorn Kabbage finished the third quarter with just shy of $100 million in revenue as the company continued to grow its small-business lending platform.
5:28 a.m. Oct. 23, 2019
- By Richard Eisenberg
Tech companies roll out some useful tools for managing your retirement and investments At last, fintech is paying attention to older AmericansOne offers an income plan, a Social Security optimizer and retirement health care cost projections.
3:00 a.m. Oct. 17, 2019
Here’s What Regulators and Fintech Executives See for Digital Currency
As China and India increasingly embrace digital payments and technology companies like Facebook aim to disrupt the world of finance with digital currency efforts like Libra, questions abound about what it means for privacy, regulation, and the stability of the global financial system.
10:44 a.m. Oct. 15, 2019
- By Rob Csernyik
Future Returns: Impact Investing in Latin AmericaWith a growing entrepreneurial class and new funds popping up, the region offers promising opportunities to invest for impact
7:11 a.m. Oct. 13, 2019
- By Sam Dogen
These are the bad things about early retirement that no one talks about Welcome to your identity crisisWelcome to your identity crisis.
12:30 a.m. Oct. 11, 2019
Fintech’s New Challenge: A Dovish Fed
A rate-cutting U.S. Federal Reserve and a newly chastened Silicon Valley have conspired to knock a bit of the sheen off upstart financial firms’ push into the mundane world of checking and savings accounts.
10:15 a.m. Oct. 10, 2019
Apple, Google Pull Hong Kong Protest Apps After China Uproar
HKmap.live raised concerns of endangering law enforcement and residents; ‘The Revolution of Our Times,’ said to violate rules related to sensitive events.
5:40 a.m. Oct. 9, 2019
Robinhood Gives Banking Another Go
The free stock-trading app reportedly launches FDIC-insured sweep accounts 10 months after an initial attempt at bank-style accounts sputtered.
4:50 a.m. Oct. 5, 2019
Facebook’s Thwarted Fintech Aspirations
For investors looking to tap into fintech’s vast earnings potential, Mastercard, PayPal, and Visa look as attractive as ever.
9:05 a.m. Oct. 4, 2019
Envestnet CEO Killed in Car Accident
As the founder and leader of Envestnet, Jud Bergman, 62, built a reputation as an innovator in technology for financial advisors.
9:29 a.m. Sept. 21, 2019
- By Chris Matthews
Why the coming recession could force the Federal Reserve to swap greenbacks for digital dollars Paper bank notes are being upgraded for a digital future around the worldPaper bank notes are being upgraded for a digital future around the world.
1:05 a.m. Sept. 16, 2019
- By Peter Morici
Libra is an opportunity to leapfrog Chinese fintech to achieve cashless economy Opposition to Facebook’s cryptocurrency is disingenuous and short-sightedLibra is an opportunity for the American financial industry to leapfrog Alipay and other Chinese fintech, provide much of the world with sorely needed reliable banking and simply make doing business in America and worldwide less expensive.
12:38 p.m. Sept. 15, 2019
- Associated Press
Fintech startup SoFi wins naming rights to new Los Angeles football stadium Rams, Chargers to start playing at Inglewood site next yearSoFi Stadium is the name of the palatial new home of the Los Angeles Rams and the Los Angeles Chargers.
1:21 p.m. Sept. 14, 2019
Value Finally Replaces Growth. But Will This Hate Rotation Last?
Analysts offer some different views on the matter: absolutely, probably, and not really. Plus: When giving away free stuff gets expensive.