June 10, 2022

https://ift.tt/wJmitPu Topline In a regulatory filing released Friday afternoon, Tesla said it would ask shareholders to approve its second stock split in less than two years at its upcoming annual meeting, after teasing a split earlier this year. Elon Musk in Washington, DC. Getty Images Key Facts Tesla said in its annual proxy filing that

https://ift.tt/sC63uPf Should You Buy Treasuries? getty With interest rates going up, Americans are rushing into U.S. Treasuries at a record pace. Wondering if you should buy Treasury notes or bills in your portfolio? Here’s how a Treasury strategy can add value to your investments in certain situations and some caveats to be aware of. How

https://ift.tt/jpNFg5y Coon Rapids, Minnesota. Billboard on the cruelties of inflation.. (Photo by: Photographer … [+] name/Universal Images Group via Getty Images) UCG/Universal Images Group via Getty Images The Bureau of Labor Statistics released its May report on inflation, which increased 8.6% on an annual basis. This is the highest reading since December 1981 when Paul

https://ift.tt/7NsH8m1 Shifting market dynamics create ‘existential crisis’ for some stock strategies Financial Services

https://ift.tt/ufxQkzj Today, in the Calculated Risk Real Estate Newsletter: 30-Year Mortgage Rates increase to 5.85% A brief excerpt: Mortgagenewsdaily.com reports that as of today, average 30-year fixed mortgage rates are at 5.85% for top tier scenarios. Rates increased today as a result of the inflation report released this morning. Here is a graph from Mortgagenewsdaily.com

https://ift.tt/8ia2JtM Summary The two investors are known for their focus on tech. They both had positions in Microsoft MSFT , Uber UBER and ServiceNow NOW as of the first quarter. Legendary investor Julian Robertson (Trades, Portfolio) is not just known for his leadership of Tiger Management, but also for taking a group of protégés under

https://ift.tt/IrjM8P0 This Pride month, Mastercard® is proud to continue its longstanding support of the LGBTQIA+ community through Your True Self is Priceless, a campaign designed to celebrate the power that comes from embracing and living as your authentic self. The Your True Self is Priceless omnichannel campaign extends across live New York City Pride events,

https://ift.tt/mJy7Hkt From BofA: We revised down our 2Q qoq saar growth from 3.0% to 2.5%. [June 10 estimate]emphasis added From Goldman: We left our Q2 GDP tracking estimate unchanged at +3.0% (qoq ar). [June 7 estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in

https://ift.tt/JiMIr8v Today Circle Internet Financial Limited signed a definitive agreement to acquire Taiwan-based CYBAVO, a breakthrough crypto technology company that provides platforms for digital asset custody and blockchain application development. CYBAVO’s “infrastructure as a service” platform combines their unique “Distributed Risk and Responsibility Model” for digital asset custody and security, highly customizable workflows and operational

https://ift.tt/xmrBDka Consumers Love Sustainability, but Balk at Paying for It getty One of the hot topics among retail execs these days is how frustrating it is to effectively leverage intense consumer interest in sustainable practices and products. One of the leading problems is that sustainability has become a branding swamp. Instead of building credibility, shoppers

https://ift.tt/mw4yZWo The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning: According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.6% in May. The 16% trimmed-mean Consumer Price Index increased 0.8% in May. "The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by

https://ift.tt/qFpAG5S Fleetcor Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced it has signed a definitive agreement to acquire the Global Reach Group, a UK-based cross-border payments provider. With the acquisition, FLEETCOR® increases its cross-border payments scale and strengthens its position as one of the largest non-bank global cross-border providers in the

https://ift.tt/3CRLsMN Catalyst Blockchain Platform is now available on Corda, the leading distributed ledger technology platform from R3, created specifically for highly-regulated markets. Users benefit from both Corda Community Edition and Corda Enterprise Edition, using Catalyst’s highly-automated processes and intuitive user interface to streamline the development, deployment, and maintenance of their Corda networks and applications. On

https://ift.tt/LTDNuna Stanchion Payment Solutions has successfully completed HSM migration for one of Israel’s top three banks. The bank has migrated from ARX hardware security modules (HSMs) to Futurex HSMs. HSMs power the bank’s secure payments environments such as managing the cryptographic key exchange for the bank’s ATM and kiosk networks. In addition to the core

https://ift.tt/r7T8IdA Nekoosa Port Edwards State Bank today became the 1,000th financial institution to offer Zelle® via Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions. Zelle® allows consumers to send and receive money directly from one U.S. bank account to another, typically within minutes when both parties are already

https://ift.tt/r7T8IdA Nekoosa Port Edwards State Bank today became the 1,000th financial institution to offer Zelle® via Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions. Zelle® allows consumers to send and receive money directly from one U.S. bank account to another, typically within minutes when both parties are already

https://ift.tt/AcGLVKi AFP via Getty Images Key takeaways Ethereum completed its first successful test merger for a long-awaited software transition on Wednesday The entire Ethereum network is expected to officially transition in August Investors and developers are optimistic about Ethereum’s future despite native coin ether being down 50% YTD Some analysts predict that ether could hit

https://ift.tt/vnAcBJd China Last Night KraneShares Week in Review On Monday, it was reported that the cybersecurity review of Didi had been completed. The review’s conclusion should allow Didi, along with Full Truck Alliance, to eventually relist in Hong Kong. Q1 earnings reports this week included Nio, which beat expectations on earnings per share (EPS), and

https://ift.tt/R3D65fA Jay-Z has teamed up with Jack Dorsey to launch a free bitcoin education academy in the Brooklyn public housing complex where the rapper grew up. The Bitcoin Academy is inviting residents of Marcy Houses to attend the free in-person and online classes between June and September. The programme “aims to provide education, and empower

https://ift.tt/7KpXFOV INNOPAY’s Open Banking Monitor shows the efforts banks are making in expanding their API product offering (the ‘Functional scope’ axis) and in improving the experience for API consumers (the ‘Developer experience’ axis). The latest edition of the Open Banking Monitor shows that existing players are stepping up their game and providing interesting Open Banking

https://ift.tt/4XhHrlP Topline The stock market extended an end-of-week selloff on Friday after the Labor Department reported inflation unexpectedly returned to record highs last month—feeding concerns that the Federal Reserve may embark on a more aggressive campaign to temper rising prices, even if it risks stunting economic growth. Federal Reserve Board Chairman Jerome Powell testifies before

https://ift.tt/jaIlmdO The U.S. ski industry is rebounding this year as the impact of Covid eases. (Photo by Michael … [+] Ciaglo/Getty Images) Getty Images Shares in Vail Resorts, one of the world’s largest ski resort businesses, opened higher in early trade at the New York Stock Exchange after it reported a jump in profit amid

https://ift.tt/imShN4j Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released yesterday from Chief Economist Danielle Hale: Weekly Housing Trends View — Data Week Ending June 4, 2022. Note: They have data on list prices, new listings and more, but this focus is on inventory. • Active inventory

https://ift.tt/BkdK0Oa A financial data analysis graph. Selective focus. Horizontal composition with copy space. getty GAAP Earnings exaggerated the drop in 2020 and overstated the rebound in S&P 500 earnings in 2021. In the trailing-twelve-months (TTM) ended 1Q22, GAAP earnings continue to overstate the growth in Core Earnings. I see the same trends in Street Earnings,

https://ift.tt/nYFfKiL asset statement showing diversification and pie chart with pen getty With an ever-growing list of similar-sounding mutual funds to choose from, finding the best is an increasingly difficult task. How can investors change the game to shift the odds in their favor? Don’t Trust Mutual Fund Labels There are at least 948 different All

https://ift.tt/uET8zeM Finextra caught up with Scarlett Sieber, chief strategy and growth officer at Money 20/20, and Sophie Guibaud, co-founder and chief commercial growth officer at Fiat Republic, to discuss the launch of their book ‘Embedded Finance: When Payments Become An Experience.’ Why did you decide to write a book on embedded finance? Sieber: “I would

https://ift.tt/NO3DnaL Ekkehard Preis, Head of Banking Operations, Erste Group Bank AG, speaks at EBAday 2022 about how the place of payments as a steady provider of income for banks is being disrupted, and whether fintech is a threat or really a catalysator for the change that is happening now. Sponsored | what does this mean?

https://ift.tt/LP5kd7s On the margins of the Ninth Summit of the Americas, DFC and Mastercard today announced the first joint program in response to the Call to Action for Northern Central America the Vice President launched in May 2021. The Call to Action is designed to deepen financial inclusion in Guatemala, Honduras, and El Salvador, thus

https://ift.tt/a5nKhtb Pankaj Gudimella, Director, Global Treasury & Financial Services & Christian Sarafidis, Senior Director of Business Strategy, Financial Services, Microsoft, speak at EBAday 2022 in Vienna explain how data is the real value in payment flows and how this is changing financial services, the transformation journey of Microsoft’s treasury and how it pertains to payments,

https://ift.tt/fkeMHD2 Topline Consumer prices rose 8.6% in the 12 months ending in May, unexpectedly returning to record levels—and climbing at the quickest pace in four decades—amid an unprecedented surge in gas prices. Amid stubbornly high inflation, average U.S. gas prices topped a record $5 per gallon Thursday. SOPA Images/LightRocket via Getty Images Key Facts Overall

https://ift.tt/bZNsuSv Freddy Arthur, EMEA Fraud Specialist, NICE Actimize, speaks at EBAday 2022 about the challenge Instant Payments are presenting around fraud, the scale of money mule involvement in fraudulent transactions, and where AI and machine learning play in tackling these challenges. Sponsored | what does this mean? This content has been created by the Finextra

https://ift.tt/zlHdkGZ From the BLS: The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.0 percent in May on a seasonally adjusted basis after rising 0.3 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.6 percent before seasonal adjustment. The increase was

https://ift.tt/ZNQbtMi This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. German luxury car manufacturer Porsche, which Volkswagen is prepping to spin off and take public, rolled out its fastest vehicle ever last year: the new edition of

https://ift.tt/0lUS9ZF Pankaj Gudimella, Director, Global Treasury & Financial Services & Christian Sarafidis, Senior Director of Business Strategy, Financial Services, Microsoft, speak at EBAday 2022 in Vienna explain how data is the real value in payment flows and how this is changing financial services, the transformation journey of Microsoft’s treasury and how it pertains to payments,