Why PayPal bought a European start-up with IPO plans for $2.2 billion
Financial technology titan PayPal made its biggest ever acquisition on Thursday. The firm bought Stockholm, Sweden-based payments start-up iZettle for $2.2 billion. That’s double the valuation it was reported to be looking to fetch with a listing on the Nasdaq...
China says it hasn’t offered Trump a $200 billion trade surplus cut
China has not offered to cut its trade surplus with the U.S. by $200 billion, contrary to reports, China’s Foreign Ministry said Friday. Ministry spokesman Lu Kang said that the claims were not true while speaking at a daily news...
China says it hasn’t offered to cut its trade surplus with the US by $200 billion
China has not offered to cut its trade surplus with the U.S. by $200 billion, contrary to reports, China’s Foreign Ministry said Friday. Ministry spokesman Lu Kang said that the claims were not true while speaking at a daily news...
National Australia Bank CEO: ‘As a banker, I am ashamed’
With the National Australia Bank under fire over allegations of fraud and misconduct by its bankers, its CEO Andrew Thorburn admitted that banks had been prioritizing its company operations over its clients. “Well I think this has been a drift...
Crypto investor names his favorite — and least favorite — digital currencies
With so many digital coin options out there, it can be difficult for investors to know how to navigate the cryptocurrency universe. Ran Neu-Ner, founder of Onchain Capital and host of CNBC Africa’s “Crypto Trader,” offered a few tips to...
Set regulations for initial coin offerings — or the US may fall behind, says a crypto trader
Crypto trader Ran Neu-Ner told CNBC that the U.S. Securities and Exchange Commission needs to establish ICO (initial coin offerings) regulations — or risk stifling an entire American industry. “My fear is that the U.S.A. may actually be falling behind,”...
After-hours buzz: PYPL, JWN, AMAT & more
Check out which companies are making headlines after the bell on Thursday: PayPal shares rose nearly 1 percent post-market after the company said it has reached a $2.2 billion deal to buy iZettle, a European financial technology start-up. Shares of...
Investors have placed $1 billion in cryptocurrency offerings rampant with red flags for fraud: Report
Investors have sent $1 billion into digital coin projects that flash warning signs for fraud, The Wall Street Journal reported Thursday, citing its own analysis. In a review of 1,450 digital coin offerings, the Journal said it found 271 bore...
US, China launch trade talks to avert tariff war, economic damage
The United States and China launch a second round of trade talks on Thursday to try to avert a damaging tariff war, with the Trump administration demanding a $200 billion cut in China’s U.S. trade surplus and greater protections for...
Leading indicators up for sixth straight month
A composite index of leading economic indicators gained for the sixth straight month in April. The Conference Board’s Leading Economic Index gained 0.4 percent to 109.4, matching expectations from economists polled by Reuters. “In April, stock prices and housing permits...
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