GOP Sen. John Hoeven, R-N.D., purchased between $100,000 and $250,000 of stock in a fund invested in health sciences companies in late January, just days after attending a briefing on the federal government’s response to the coronavirus. The Jan. 29 purchase of shares in the BlackRock Health Sciences Trust II fund, detailed in Hoeven’s financial disclosure […]
Tag: PayPal Holdings Inc
The Dow just lost 12% in one week. Here’s why and what likely happens next
The U.S. stock market suffered a historic pullback this week as the coronavirus spread outside of China, spooking investors and traders out of equities. The Dow Jones Industrial Average and S&P 500 each dropped 12% and 11% for the week, respectively, marking their worst weekly performance since the financial crisis. The 30-stock Dow posted its […]
Square emerges as coronavirus hedge after earnings
Jack Dorsey, chief executive officer of Square Inc., second right, tours the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 19, 2015. Yana Paskova | Bloomberg | Getty Images Square has been an outlier in this week’s payment stock wreckage. Shares of Mastercard, Visa, American Express and Paypal […]
N26 customers feel ‘betrayed’ by German digital bank for leaving UK
N26’s logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Customers of the German online bank N26 say they feel “outraged” and “betrayed” by the firm’s decision to leave the U.K. Berlin-based N26 announced last week that it would no longer be able to operate in the country […]
UK fintech Azimo secures EU loan; anticipates ‘messy’ Brexit talks
The Azimo logo displayed on a smartphone. Azimo Azimo, the U.K. money transfer start-up taking on the likes of Western Union and MoneyGram, has raised 20 million euros ($23 million) in debt financing from the European Union. The loan from the European Investment Bank (EIB), which is the lending arm of the EU, will help […]
Worst drop since October, coronavirus fears grow, airlines fall
This is a live blog. Check back for updates. 3:10 pm: Coronavirus names fall ahead of the close Stocks with a large amount of exposure to the coronavirus epidemic accelerated losses on Friday, dragging down the major averages. American Airlines, Delta and United all suspended flights to and from China, sending their stocks down 3.5%, 2.4% […]
Amazon says uninstall Honey, which PayPal just paid $4 million for
Honey co-founders Ryan Hudson and George Ruan. PayPal Amazon has a beef with the start-up PayPal recently acquired, Honey. During the height of the holiday shopping season, the e-commerce giant warned some users that the browser extension could be a “security issue.” “Honey tracks your private shopping behavior, collects data like your order history and […]