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2023-10-26

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Block, PayPal Stocks Are Dropping. What's Shaking the Fintech Sector

Financial-technology stocks were falling early Wednesday. A warning from a major European payments company was sending jitters through the industry.Worldline, a major payments company based in France,

Block, PayPal Stocks Are Dropping. What's Shaking the Fintech Sector

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What's Shaking the Fintech Sector","url":"https://stock-news.laohu8.com/highlight/detail?id=2378504606","media":"MarketWatch","summary":"Financial-technology stocks were falling early Wednesday. A warning from a major European payments company was sending jitters through the industry.Worldline, a major payments company based in France,","content":"<html><head></head><body><p>Financial-technology stocks were falling early Wednesday. A warning from a major European payments company was sending jitters through the industry. </p><p>Worldline, a major payments company based in France, slashed its full-year guidance on Wednesday as an economic slowdown hit sales and profitability in key markets.</p><p>Consumers are directing their spending toward essential items such as housing and food, rather than discretionary expenses such as entertainment or luxury goods, Worldline said.</p><p>Worldline shares fell 58% in Paris. The warning spread nerves throughout the payments and fintech industry. Shares of payments company <a href=\"https://laohu8.com/S/SQ\">Block</a> and PayPal Holdings (PYPL) was down over 4%.  </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6c7a8ca5daac38c558ac4f872b667bff\" tg-width=\"604\" tg-height=\"609\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/88ef53d1bc49b762912dcbb87f6d9942\" tg-width=\"606\" tg-height=\"609\"/></p><p>Worldline focuses on business in Europe, and specifically called out Germany as a country where the macroeconomic environment was deteriorating. Worldline said it is now expecting 6% to 7% growth in organic sales for the year, after previously forecasting 8% to 10% growth this year.</p><p>PayPal generated around 18% of its revenue from Europe last year, while it accounted for just 3.3% of Block’s revenue, according to FactSet.</p></body></html>","source":"mwatch_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Block, PayPal Stocks Are Dropping. 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What's Shaking the Fintech Sector\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-25 23:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/block-paypal-stocks-worldline-payments-b139337c?mod=newsviewer_click><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Financial-technology stocks were falling early Wednesday. A warning from a major European payments company was sending jitters through the industry. Worldline, a major payments company based in France...</p>\n\n<a href=\"https://www.marketwatch.com/articles/block-paypal-stocks-worldline-payments-b139337c?mod=newsviewer_click\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/block-paypal-stocks-worldline-payments-b139337c?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2378504606","content_text":"Financial-technology stocks were falling early Wednesday. 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