To The Moon

Struggling lender names Joseph Otting chief executive officerEx-Treasury secretary says lender now has sufficient capitalCommercial real estate lender New York Community Bancorp received an equity inv

Charles Munger, the alter ego, sidekick and foil to Warren Buffett for almost 60 years as they transformed Berkshire Hathaway Inc. from a failing textile maker into an empire, has died. He was 99.He d

Singapore and New York, Nov 27, 2023 — UP Fintech Holding Limited ("UP Fintech" or the "Company", Nasdaq: TIGR, and all its subsidiaries and consolidated entities), a leading online brokerage firm com

Citi analyst Alicia Yap downgraded shares of Sea Ltd. to Neutral from Buy, lowering the price target to $50 from $98 per share in a note Wednesday. The analyst told investors that the company's strategy shift amid intensified competition raises uncertainty.Sea reported a mixed 2Q23 on Wednesday, missing earnings expectations. However, the company's gaming operating metrics like QAU and paying users and e-commerce metrics like gross order growth and active users achieved sequential growth. "Management expects ongoing reaccelerated investment could lead to Shopee EBITDA and group level profit reverting to loss in future quarters," the analyst wrote. "Although we agree it is the right approach to defend market share amid intensified competition, no clear direction of GMV growth and management's tolerance of turning back to loss-making suggest to us that there is a lack of visibility on the investment's effectiveness and a brutal battle could be just starting."Citi believes investors' con

The top Democrat on the House Financial Services Committee said Wednesday she is "deeply concerned" with PayPal's decision to launch a stablecoin before the government establishes regulations for the assets."Given PayPal's size and reach, Federal oversight and enforcement of its stablecoin operations is essential in order to guarantee consumer protections and alleviate financial stability concerns," Rep. Maxine Waters said in a statement.Waters also criticized Republicans on the House committee for advancing a stablecoin bill last month without her support, urging them to come back to the negotiating table.U.S. policy makers' have worried for years that dollar-based stablecoins could threaten the financial system if they lose their 1-to-1 peg to the greenback, prompting investors to demand their money back en masse. Lawmakers have also voiced concerns related to money laundering, privacy and consumer protection.PayPal's size could subject it to heightened scrutiny from lawmakers and

The big news in crypto this week is that fintech giant PayPal is making good on its longtime plans to launch a stablecoin. After getting cold feet last year amid harsh market and regulatory conditions, PayPal chose Monday to announce PYUSD—a digital token on the Ethereum blockchain that U.S. customers can use for payments or transfers.While the news spurred a modest jump in PayPal's share price, not everyone was thrilled. Some were quick to point out that the software supporting PYUSD was written in relatively old code, and that the project will be highly centralized —even allowing PayPal to pause transfers and freeze addresses at will. As such, the crypto community will be reluctant to embrace it.

Justin Sullivan The evolving dynamics of PayPal Holdings, Inc.(NASDAQ:PYPL)'s stock performance paint a complex image, oscillating between the worries induced by its recent dip and the hopeful outlook

$Sea Ltd$ gained over 3% in premarket trading.Its margins likely improved further in 2Q on growth at its Shopee e-commerce and MariBank fintech businesses offsetting weakness at its Garena digital-entertainment segment, Maybank analyst Kelvin Tan says in a research note. Tan says the Singapore-based internet company could break even in 2023 on a faster-than-expected improvement in cost-cutting and monetization in the e-commerce and fintech segments. "We think Sea will continue to outperform its

Nvidia orders expected to be delivered in July, according to reportU.S. shares of Taiwan Semiconduct

Gaming and e-commerce firm only recently reached breakevenSoutheast Asia firm took dramatic measures