CFPB Asks Judge to Stay Lawsuit as It Revises Open Banking Rule
PYMNTS / pymnts - The Consumer Financial Protection Bureau (CFPB) asked a judge Tuesday (July 29) to stay a lawsuit challenging the open banking rule implemented last year by the Bureau’s previous leadership under the Biden administration. [contact-form-7] The CFPB said it…
Back to Top / Tuesday, July 29, 2025, 5:20 pm / permalink 11189 / 1 stories in 7 months
Union Pacific and Norfolk Southern Announce $85B Merger Deal
Union Pacific Corporation and Norfolk Southern Corporation have sealed an $85 billion merger deal, creating America's first rail giant. The consolidation is set to reshape freight logistics and national supply chains amid market dominance concerns, inviting scrutiny over competition and service quality in the rail sector.
Back to Top / Tuesday, July 29, 2025, 3:21 pm / permalink 11177 / 0 stories in 7 months
Chase Reportedly in Advanced Talks to Become New Apple Card Partner
Joe Rossignol / macrumors - JPMorgan Chase is in "advanced talks" with Apple about becoming the Apple Card's new financial partner, according to The Wall Street Journal.JPMorgan owns Chase Bank, one of the largest banking chains in the United States.Barclays and Synchrony were also …
Back to Top / Tuesday, July 29, 2025, 11:22 am / permalink 11139 / 6 stories in 7 months
Cash App opens up to Apple Pay and Google Pay with a group payment option
Kris Holt / engadget - Cash App has debuted a new group payment feature that allows folks who don't even use the app to contribute to a kitty. Pools enables Cash App users to invite folks to chip in for a large purchase (such as a group vacation) via Apple Pay and Google Pay. A…
Back to Top / Tuesday, July 29, 2025, 11:21 am / permalink 11137 / 6 stories in 7 months
Novo Nordisk Forecast Slashed, Shares Plunge Sharply
Facing a perfect storm of disappointing weight‐loss drug sales and investor unease, Novo Nordisk has dramatically downgraded its future forecasts. The fallout has triggered a record plunge in shares while industry watchers and investors scrutinize how the pharmaceutical giant plans to navigate these choppy waters amid high-stakes market expectations.
Back to Top / Tuesday, July 29, 2025, 8:20 am / permalink 11122 / 1 stories in 7 months
Baker Hughes Near $13.6 Billion Acquisition of Chart
Baker Hughes is on the verge of sealing a $13.6 billion deal to acquire Chart, outmaneuvering rival Flowserve in a high-stakes bidding contest. Financial reports detail this transformative consolidation move, underscoring aggressive industry realignments and sparking murmurs about the shifting competitive landscape in the sector.
Back to Top / Monday, July 28, 2025, 9:20 pm / permalink 11107 / 1 stories in 7 months
Figma raises IPO range to $30-$32 per share, in deal that could value company at nearly $19 billion
cnbc - The new valuation is still below what Adobe offered to pay to buy Figma in 2022.
Back to Top / Monday, July 28, 2025, 1:21 pm / permalink 11062 / 1 stories in 7 months
Interactive Brokers Weighs Launching a New Stablecoin for Customers
Financial giant Interactive Brokers is mulling over the launch of its own stablecoin, aiming to merge traditional trading with digital currency innovation. This strategic consideration reflects a growing trend among legacy institutions to embrace blockchain-based financial solutions in a rapidly evolving market.
Back to Top / Monday, July 28, 2025, 12:22 pm / permalink 11054 / 1 stories in 7 months
VC Victor Lazarte is leaving Benchmark to launch his own firm
Marina Temkin / techcrunch - Lazarte has only been at Benchmark for two years. He backed startups like Mercor, HeyGen, and Decart AI.
Back to Top / Thursday, July 24, 2025, 6:21 pm / permalink 10883 / 1 stories in 7 months
Gold Market Slumps On Trade Deal Optimism Dampening Safe-Haven Demand
Gold prices have taken a hit as renewed optimism over US trade deals has diminished the safe-haven appeal of the precious metal. The shift in market sentiment has rattled investors who are now questioning traditional risk strategies amid a backdrop of global economic recalibrations.
Back to Top / Thursday, July 24, 2025, 4:20 am / permalink 10805 / 0 stories in 7 months
EV charge point operator Electra secures €433M green loan, surpasses €1B in total funding
Cate Lawrence / tech - Ultra-fast electric vehicles charging company Electra has signed a green loan facility of up to €433 million to support its future growth. The transaction includes €283 million of committed facilitie...
Back to Top / Thursday, July 24, 2025, 2:20 am / permalink 10802 / 2 stories in 7 months
UK Supreme Court overturns Tom Hayes’ decade-old Libor conviction
In a twist unlikely to surprise anyone with a taste for courtroom drama, the UK’s highest court has quashed Tom Hayes’ Libor conviction, overturning a long-standing financial misjudgment. The decision promptingly reconfigures the legal landscape and leaves regulators scratching their heads.
Back to Top / Wednesday, July 23, 2025, 5:20 am / permalink 10705 / 2 stories in 7 months
BitGo files confidentially for US IPO amid crypto surge
Crypto custody firm BitGo has confidentially filed for a US IPO, marking a pivotal step as it seeks to capitalize on growing institutional interest. The filing underscores the firm’s ambitions in a buoyant digital asset market and signals increasing mainstream acceptance of crypto financial solutions.
Back to Top / Monday, July 21, 2025, 12:21 pm / permalink 10541 / 0 stories in 7 months
Explained: How Crypto Platform CoinDCX Lost Rs.368 Cr in a Hack
Prabhanu Kumar Das / medianama - The Rs368 crore loss from an internal operations account hack was absorbed through the treasury reserves of CoinDCX, but it raised questions about the need for crypto regulation in India.The post Explained: How Crypto Platform CoinDCX Lost Rs.368 Cr in a …
Back to Top / Monday, July 21, 2025, 9:20 am / permalink 10523 / 2 stories in 7 months
Auxxo announces €26M first close of Female Catalyst Fund II
Cate Lawrence / tech - Auxxo is celebrating a major milestone with the first closing of the Auxxo Female Catalyst Fund II at €26 million. The European Investment Fund (EIF) has joined as anchor investor, marking a significa...
Back to Top / Monday, July 21, 2025, 3:20 am / permalink 10507 / 2 stories in 7 months
London Stock Exchange Eyes 24-Hour Trading Shift
The London Stock Exchange Group is reportedly examining a move to extend trading hours to around the clock in response to shifting market dynamics and global competition. This initiative aims to boost liquidity while leveraging technology trends in trading platforms, potentially reshaping traditional market operations with a dose of futuristic ambition.
Back to Top / Sunday, July 20, 2025, 2:20 pm / permalink 10490 / 1 stories in 7 months
Windsurf CEO opens up about ‘very bleak’ mood before Cognition deal
Anthony Ha / techcrunch - Days after AI coding startup Windsurf announced that it’s being acquired by Cognition, Windsurf startup Jeff Wang took to X to offer more details about the drama and uncertainty around the deal. Windsurf was previously reported to be in acquisition talks …
Back to Top / Saturday, July 19, 2025, 1:20 pm / permalink 10464 / 3 stories in 7 months
Block joins S&P 500 amid soaring share momentum
Jack Dorsey’s Block is set to join the S&P 500 index after replacing Hess, sparking a notable 10% surge in its share price. Investors are clearly thrilled by the upgrade as the company steps further into the big leagues, even as market watchers throw in their skeptical grins.
Back to Top / Friday, July 18, 2025, 7:20 pm / permalink 10450 / 1 stories in 7 months
EU sanctions drive oil price reactions amid new Russia caps
The European Union has unveiled a revised oil price cap and new sanctions directed at Russia, a bold move intended to disrupt Russian energy revenues amid geopolitical tensions. Markets have already reacted, with oil prices edging higher as traders and officials adjust their forecasts based on the evolving sanctions landscape.
Back to Top / Friday, July 18, 2025, 5:20 am / permalink 10390 / 1 stories in 7 months
Lovable becomes a unicorn with $200M Series A just 8 months after launch
Anna Heim / techcrunch - Only eight months after its launch, Sweden's Lovable has raised a $200 million Series A round led by Accel at a $1.8 billion valuation.
Back to Top / Thursday, July 17, 2025, 8:21 am / permalink 10290 / 5 stories in 7 months