Shares of Square (NYSE: SQ) climbed 11% after the fintech company launched a slate of new banking services, and its CEO shared his crypto-related aspirations. On Tuesday, Square unveiled three new products: Square Checking, Square Savings, and a rebranding of its business financing division, which will now be called Square Loans. "My hope is that it creates world peace or helps create world peace," Dorsey said during an online event called "The B Word."
Strong Liquidity and Capital Position Highlighted Despite Economic Headwinds
Also on our cheat sheet: Spring savings on beloved brands, including Dyson, Apple, Ninja and more.
Futures tracking the Dow outshone peers on Tuesday on robust results from UnitedHealth, while elevated Treasury yields amid heightened tensions in the Middle East kept a lid on gains. Dow Component UnitedHealth Group advanced 6.8% in premarket trading after the health insurer beat expectations for first-quarter profit. Financial firms were also in the spotlight, with Bank of New York Mellon gaining 2.0% after the lender beta Wall Street estimates for first-quarter results.
MPs are set to vote on government plans to stop young people from ever smoking.
Global stocks slid to two-month lows on Tuesday, while the dollar rose to its highest in over five months, after stronger-than-expected U.S. retail sales further reinforced the view the Federal Reserve may not rush to cut interest rates this year. U.S. stocks closed sharply lower on Monday as a jump in Treasury yields added to the drag on sentiment from rising tensions between Iran and Israel. The VIX index on Monday neared six-month highs, while long-dormant currency volatility has also picked up.
Mideast fears and surging yields triggered another ugly market reversal. Nvidia and Microsoft fell while Tesla dived.
Activist shareholder Sparta Capital Management is pushing British engineering services firm Wood Group to consider either selling itself or to reconsider its UK listing, according to a letter from the fund manager on Tuesday. A representative for the hedge fund declined to comment on the letter and also declined to confirm how much stock Sparta Capital held in Wood Group. Wood Group also declined to comment.
Stocks eyed a broader comeback from a steep sell-off as investors digested results from Bank of America and other heavyweights.
A brand-new series called The Front List will take place at the nearby McEwan Hall, with high-profile guests discussing current affairs and memoirs.
The student took legal action over the policy at Michaela Community School in north London.
What to know about the change.
India has deferred approval of Paytm’s 500 million rupee ($6 million) investment in its Paytm Payment Services arm in part due to concerns about a Chinese shareholding in the parent company, according to three government officials and a document seen by Reuters. One 97 Communications, popularly known as Paytm, is already under the scrutiny of India's banking regulator and financial crime-fighting agency after the central bank ordered it to wind down its payments bank in January. Paytm sought government approval last year for the investment it had already made in its newly established payments gateway arm, a necessary step for Paytm Payments Services to receive the payment aggregator licence necessary to accept online payments.
Motorola has announced its next generation Edge smartphones.
SZA will be honored by the Songwriters Hall of Fame with the Hal David Starlight Award, which recognizes young songwriters. SZA — who won three Grammy Awards for her sophomore album “SOS” and was Variety’s 2023 Hitmaker of the Year — joins previous recipients Taylor Swift, Post Malone, Lil Nas X, Halsey, Sara Bareilles, Ed …
Belgian authorities said they had ordered the National Conservatism conference to be shut down ‘to guarantee public safety’.
A 16-year-old boy is under arrest after a bishop and several churchgoers were injured on Monday.
British lawmakers will on Tuesday debate and vote on the government's plans to introduce a landmark smoking ban that aims to stop young people from ever smoking. The bill, a key policy announced by Conservative Prime Minister Rishi Sunak last year, will make it illegal to sell tobacco products to anyone born after January 1, 2009. It has the support of the opposition Labour Party and is expected to pass.
The dollar touched five-month highs against the pound and euro on Tuesday, a day after hotter-than-expected U.S. retail sales sent Treasury yields higher, raising worries of an intervention from Tokyo as the yen languished at its lowest since 1990. Data on Monday showed U.S. retail sales rose 0.7% last month, compared with a 0.3% rise that economists polled by Reuters had forecast, reinforcing expectations that the Federal Reserve will not be in a rush to cut interest rates this year. "The U.S. economy continues to grow very solidly at a level which is above the long-term trend and which does support higher U.S. bond yields and which argues against the Fed cutting interest rates," said Kenneth Broux, head of corporate research, FX and Rates at Societe Generale.
Spring is here and that means it's time for some fun at home and with the family. Our favorite mom-son team Kathryn and Dylan Emery share some of their favorite finds.
A late goal from Sebastien Haller last week has given Dortmund hope in this quarter-final tie
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