Investors flee from risk: Cryptocurrencies plummet, Bitcoin tumbles below $40,000
Bitcoin suffers quite a bit early in the year as investors turn to safer assets.
How major US stock indexes fared Friday
A late-afternoon recovery in technology stocks helped erase most of the market’s losses Friday, but it wasn’t enough to keep major indexes from logging their…
How major US stock indexes fared Wednesday
Stocks closed higher on Wall Street Wednesday after the latest report of surging prices appeared to keep the Federal Reserve on track to raise interest rates later this year. The S&P 500, the Dow Jones Industrial Average and the Nasdaq rose. Technology stocks led the market higher. Inflation jumped 7% last month, its fastest year-over-year pace in nearly four decades, but in line with economists’ forecasts. Fed Chair Jerome Powell told Congress Tuesday the Fed stands ready to raise rates to fight inflation.
Global Payments Leader, SumUp, Acquires U.S. Payments and Marketing platform, Fivestars, for $317 Million
Europe’s leading fintech scales its operations within the U.S. through the acquisition of America’s largest local commerce network SumUp, the London-based global payments service provider with over 2,800 employees across three continents, today announces its acquisition of Fivestars (www.fivestars.com), America’s largest two-sided local commerce network that combines a