Information Technology

Mastercard Incorporated's (NYSE: MA) senior executive reportedly slammed the usage of central bank digital currencies, claiming there isn't enough reason for the widespread use of them right now. Ashok Venkateswaran, Mastercard's blockchain and digital assets lead for Asia-...

Private equity firm F9 Investments, LLC has proposed to acquire all the issued and outstanding shares of common stock of LL Flooring Holdings Inc (NYSE: LL) for $3.00 per share. F9 Investments, together with its affiliates, collectively owns approximately 8.8% of LL...

Worldline's warning of a "macroeconomic deterioration" in core geographies like Germany hurts the entire FinTech sector pre-market, Mizuho analyst Dan Dolev noted. Key stocks like Affirm Holdings, Inc (NASDAQ: AFRM) (Buy rating, price target $24),...

Mastercard Inc (NYSE: MA) shares are trading lower after the company reported Q3 FY23 results. Net revenues stood at $6.53 billion, up 14% Y/Y and 11% Y/Y on a neutral currency basis, beating the consensus of $6.52 billion. Payment network net revenue rose 12% Y/Y (+10% Y/Y on a currency-...

Needham analyst N. Quinn Bolton initiates coverage on Lattice Semiconductor Corp (NASDAQ: LSCC) with a Buy rating and a price target of $90. The analyst forecasts a 12.2% CAGR over the coming three years for revenue from the company's Nexus platform, launched in 2019. Also, the...

JP Morgan Chase & Co. (NYSE: JPM) said its Pay-by-bank solution, which leverages Mastercard Incorporated's (NYSE: MA) open banking technology, is now available in the U.S. for billers for a variety of recurring payments, including rent, utilities, healthcare and more. Verizon...

Lam Research Corp (NASDAQ: LRCX) reported quarterly earnings of $6.85 per share, which beat the consensus estimate of $6.07.  The company reported quarterly sales of $3.48 billion, which beat the analyst consensus estimate of $3.41 billion, a 31.38% decrease over sales of $5.07 billion...

Needham analyst Charles Shi is remarkably bullish on the Wafer Fab Equipments (WFE) sector, projecting growth of global wafer starts by 10% in 2024 and 14% in 2025 after a 13% slump in 2023.  Shi estimates that in 2025, WFE will reach $100 billion in total addressable...

Seaport analyst Jeff Cantwell initiated coverage Thursday of the fintech sector, including BILL Holdings, Inc (NYSE: BILL), Fiserv, Inc (NYSE: FI), Fidelity National Information Services, Inc (NYSE: FIS), Flywire Corp (NASDAQ: FLYW), ...

Live Ventures Inc (NASDAQ: LIVE) has presented a non-binding proposal to acquire LL Flooring Holdings, Inc (NYSE: LL) in an all-cash offer for $5.85 per share, totaling $194.4 million. The offer price represents a 100% premium to LL Flooring's closing share price on October...

Mastercard Inc's (NYSE: MA) CFO, Sachin Mehra, recently expressed mixed feelings about India's Unified Payments Interface (UPI), a system that has revolutionized digital transactions in the country.  While acknowledging its role in promoting digital transactions,...

The Nasdaq 100 closed higher by around 0.5% on Monday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. Insider...

Gainers TransCode Therapeutics, Inc. (NASDAQ: RNAZ) shares jumped 308% to $2.71 after the company announced pre-clinical gliblastoma results with its lead candidate, TTX-MC138. FaZe Holdings Inc. (NASDAQ: FAZE) gained 46.9% to $0.2247 after falling over 4% on Friday. Avalo Therapeutics, Inc. (...

The Nasdaq 100 closed slightly higher on Friday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. Insider sales...

U.S. stocks traded mostly higher toward the end of trading, with the Nasdaq Composite edging higher on Friday. The Dow traded up 0.10% to 34,535.92 while the NASDAQ rose 0.02% to 13,751.67. The S&P 500, also rose, gaining, 0.05% to 4,453.21. Check This Out: Top 5 Health Care Stocks That May...