Booming Buy Now, Pay Later Market Could Lead to More M&A

Booming Buy Now, Pay Later Market Could Lead to More M&A

Keep an eye on Affirm Holdings (AFRM). At the moment, the stock is pushing higher on speculation it could also be acquired.  All after Square announced it was buying its competitor Afterpay in an all-stock transaction worth $29 billion.  All as “buy now, pay later...

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US CDC: Delta Virus as Contagious as Chickenpox

US CDC: Delta Virus as Contagious as Chickenpox

The US CDC just warned the Delta virus is as contagious as chickenpox. Worse, according to CNBC, it has a longer transmission window, and could make older people sicker—even if they’ve been vaccinated. “Delta, now in at least 132 countries and already the dominant...

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Why It’s Best to Just Stay Away from the Robinhood IPO

Why It’s Best to Just Stay Away from the Robinhood IPO

So far, the Robinhood (HOOD) stock has been a letdown. Since opening for trade today, the stock is down about 5%, or $1.81 a share. And, as it turns out, our way of trading IPOs worked out better so far. On July 21, we noted: The best way to trade an IPO is to not buy...

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S&P 500 edges down on virus woes, slowing economy

S&P 500 edges down on virus woes, slowing economy

(In paragraph 2, corrects to show that Waller was speaking on CNBC. Corrects paragraph 3 to read, "He also suggested the Fed could announce in September it would start to ...", not "...the Fed could start to reduces its monthly bond purchases in September...") By Echo...

Oil falls over 3% on concerns over demand and OPEC supply boost

Oil falls over 3% on concerns over demand and OPEC supply boost

By Laura Sanicola NEW YORK (Reuters) -Oil prices fell more than 3% on Monday after weak economic data from China and the United States, the world's top oil consumers, and higher crude output from OPEC producers stoked fears of weakness in oil demand and oversupply....

U.S. Treasury decreases third-quarter borrowing estimate

U.S. Treasury decreases third-quarter borrowing estimate

By Karen Brettell (Reuters) - The U.S. Treasury said on Monday it plans to borrow $673 billion in the third quarter, less than the May estimate of $821 billion, due to having a higher balance at the beginning of the quarter and lower outlays. The third-quarter...

Factbox-Record-low rates spur Australia M&A frenzy in 2021

Factbox-Record-low rates spur Australia M&A frenzy in 2021

(Reuters) -Australia is seeing a flurry of deal-making so far this year, as record-low interest rates have given institutional investors and companies a well-funded war chest to chase higher valuations. From potentially one of Australia's biggest-ever buyouts to a...

China buyers re-emerge, patient Fed saps dollar

China buyers re-emerge, patient Fed saps dollar

By Marc Jones LONDON (Reuters) - World share markets were back on form on Thursday as the U.S. Federal Reserve signalled it was in no rush to taper stimulus and reassurances from Beijing saw beaten-up Chinese stocks leap off the canvas. There was also some promising...

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