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Day: September 5, 2019

Stripe, the world’s most valuable private fintech company, is getting into lending

Stripe co-founders Patrick and John Collison Source: Stripe The world’s most valuable private fintech company is moving into a new area of banking: loans. Stripe, valued at $22.5 billion after its last funding round, announced the launch of a lending arm called Stripe Capital on Thursday. The new venture is meant to help online companies …

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GER30 Index Gains Ground above 200-SMA; Looks Overbought

The GER30 index stepped on the 200-period simple moving average (SMA) on Wednesday and accelerated to one-month highs. While the RSI’s peak in the overbought territory suggests that the rally is overstretched and is time for a downside correction, the positive momentum in the MACD and the upward direction in the red Tenkan-sen line signals …

GER30 Index Gains Ground above 200-SMA; Looks OverboughtRead More

US second-quarter productivity unrevised at 2.3%

A worker inspects finished boots at the L.L. Bean manufacturing facility in Brunswick, Maine. Legislative bodies and companies are starting to recognize that workers need flexible paid leave policies to boost productivity and lower stress. Shiho Fukada | Bloomberg | Getty Images U.S. worker productivity slowed in the second quarter, the government confirmed on Thursday, …

US second-quarter productivity unrevised at 2.3%Read More