Venmo has 40 million users, PayPal reveals for first time

Venmo has 40 million users, PayPal reveals for first time

Popular payment app Venmo has ushered in 40 million users to the platform, its parent company PayPal announced on Wednesday. This is the first time PayPal has disclosed user numbers for the millennial-focused, peer-to-peer app. Square reported 15 million monthly active users for its rival Cash App as of December, by comparison. In its first-quarter…
These stocks are the biggest winners in the market’s incredible rebound back to a record

These stocks are the biggest winners in the market’s incredible rebound back to a...

Stocks have come all the way back to a record, ending one of their fastest and fiercest round trips in history. Here are the front-runners in this epic comeback. Strong earnings pushed the S&P 500 to a record close Tuesday. The index surged nearly 600 points in the span of four months, from a Christmas…
Ford to invest $500 million in electric truck maker Rivian

Ford to invest $500 million in electric truck maker Rivian

Source: Ford Motor Co. RJ Scaringe, Rivian founder and CEO, and Ford Executive Chairman Bill Ford announce a $500 million Ford investment in Rivian. In February, Rivian raised $700 million in a funding round led by Amazon, following rumors that GM would also invest. Ford said it intends to develop a new vehicle using Rivian's…
Tesla investors await updates from Elon Musk on service, the Shanghai factory, and Model 3 margins

Tesla investors await updates from Elon Musk on service, the Shanghai factory, and Model...

At the end of 2018, Tesla executives told investors their 2019 goals would be to reduce costs, ship as many cars as possible, get Tesla's Shanghai factory up and running to help meet demand in China, and improve service in North America where customers have faced long wait times for repairs and spare parts. Investors…
Boeing earnings expected before the bell as market looks for 737 Max news

Boeing earnings expected before the bell as market looks for 737 Max news

Boeing said it has completed more than 135 test and production flights of updated software for the 737 Max. The Federal Aviation Administration, as well as regulators around the world, grounded the airplane in mid-March after the crash of an Ethiopian Airlines plane. That crash came five months after a Lion Air 7737 Max crashed…
Weekly mortgage applications fall as the highest rates in a month are spooking spring buyers

Weekly mortgage applications fall as the highest rates in a month are spooking spring...

Homebuyers had been brushing off the slight rise in rates during recent weeks, but as those rates move even higher, pruchasers are now pulling back. Overall mortgage application volume fell 7.3% last week from the previous week, but it was 6.6% higher than a year ago, thanks to stronger refinance volume, according to the Mortgage…
Buy any Boeing pullback in first earnings since 737 Max crisis, market watcher says

Buy any Boeing pullback in first earnings since 737 Max crisis, market watcher says

Wall Street is about to get its first glimpse at how Boeing has weathered its 737 Max crisis. Its earnings report, out before the bell Wednesday, is the first since the company was forced to ground its 737 Max fleet in mid-March following two fatal plane crashes within six months. Its shares remain 16% below…
The Fed’s key interest rate keeps climbing higher, and that could become a problem

The Fed’s key interest rate keeps climbing higher, and that could become a problem

An adjustment to the IOER could come in an unfamiliar situation for the Fed. In the previous two technical adjustments, the Fed was raising rates a quarter point while moving the IOER up just 20 basis points. With no rate hikes on the horizon, it's unclear how an IOER move would work. There's also the…
Joe Biden tells key supporters he is running for president as he lines up fundraising help

Joe Biden tells key supporters he is running for president as he lines up...

Rendell and Cohen have been making calls to potential donors to get them on board for what they hope will be one of Biden's first big-money fundraising events. So far, Rendell has called 20 financiers, and 18 have committed to coming to their event, he said. "Pretty much 80 percent of the Democratic fundraising establishment…
Foxconn and Wisconsin are renegotiating their massive factory deal, governor’s letter reveals

Foxconn and Wisconsin are renegotiating their massive factory deal, governor’s letter reveals

Daniel Acker | Bloomberg | Getty Images Tony Evers, then-Democratic nominee for governor of Wisconsin, speaks during a campaign rally for Democratic candidates in Milwaukee, Wisconsin, on Monday, Oct. 22, 2018. Wisconsin Governor Tony Evers says the state is renegotiating its contract with Taiwanese contract manufacturer Foxconn to build a massive LCD plant in the…

Must Read

- Advertisement -