Markets

Markets
SPACs Lure Payments Firms (And Others) — With Speed Bumps Ahead?
October 19, 2020

Special purpose acquisition companies (SPACs) are gaining traction in the payments space — but might there be speed bumps ahead? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Markets
Social Capital Hedosophia Launches New SPAC, Seeks $500M
September 15, 2020

Social Capital Hedosophia is looking to raise $500 million for a new blank check company, Bloomberg writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Markets
DraftKings Sees 17 Pct Surge In Shares After ESPN Deal
September 14, 2020

DraftKings shares rose by 17 percent following the sports gaming company’s new agreement with ESPN on Monday (Sept. 14), CNBC reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Markets
Report: SoftBank Buy Propelled Summer Tech Stock Surge
September 04, 2020

A multi-billion dollar investment by Japan’s SoftBank Group Corp. in stock options tied to individual technology companies helped the sector, and the rest of the market with it, seemingly defy the laws of financial gravity over the summer, The Wall Street Journal reported Friday (Sept....

Markets
Rocket Internet Goes Private As Shares Shed Value
September 01, 2020

German tech incubator Rocket Internet, which had vowed to take on Silicon Valley, is now moving ahead with plans to go private after watching the value of shares steadily dwindle, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy...

Markets
Salesforce’s Addition To Dow Spotlights Connected Economy Impact
August 25, 2020

Out with the Exxon. In with the ecosystem. That’s what’s going on with the Dow Jones Industrial Average, which has announced plans to swap out three stocks, including replacing Exxon Mobil Corp. with Salesforce.com. Get the Full Story Complete the form to unlock this article...

Markets
Can Kodak’s (New) Moment Last?
July 29, 2020

With a share price soaring hundreds of percentage points (so far) this week alone, Eastman Kodak is having a moment. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Markets
SoFi User Base Triples Since January
July 15, 2020

SoFi’s daily trading volumes have surged as of the beginning of this year, while its user base has dramatically risen, SoFi CEO Anthony Noto said in a televised interview. The report comes as a number of big banks have also reported trading volumes are up...

Markets
‘Down’ Rounds And Investor Caution — Blip Or Trend?
July 07, 2020

The stock market swings can be confusing.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree...