How major US stock indexes fared Wednesday
USA finance

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
USA finance

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