Checkout.com didn’t raise money from outside investors until 2019. Today, it is one of the most valuable startups in the world. The London-based digital-payments processor said it raised $1 billion in a recent share sale that valued it at $40 billion. New investors including Franklin Templeton and the Qatar Investment Authority participated alongside existing ones, […]
The S&P 500 and Dow Jones Industrial Average rose for the first time in days, led by a rebound in shares of technology companies, as Federal Reserve Chairman Jerome Powell reiterated the central bank’s efforts to corral inflation. Stocks opened lower and dipped further as senators peppered Mr. Powell with questions during his reconfirmation hearing […]
Citadel Securities is set to receive its first outside investment in a deal valuing the electronic-trading firm majority-owned by hedge fund billionaire Ken Griffin at around $22 billion. Venture-capital firm Sequoia Capital and cryptocurrency investor Paradigm have agreed to invest $1.15 billion in the Chicago-based firm, the company told The Wall Street Journal. Sequoia partner […]
Cerberus Capital Management is selling a chunk of its stakes in Deutsche Bank AG DB 1.80% and Commerzbank AG CRZBY -2.37% , following years of disappointing share performances at the German lenders. The U.S. private-equity firm is selling about 21 million shares out of around 62 million it owns at Deutsche Bank, and 25 million […]
The combination of Take-Two Interactive Software with Zynga will create a videogame giant projected to generate about $7 billion in net bookings for 2022. Photo: robert galbraith/Reuters Jan. 10, 2022 11:53 am ET Give Take-Two Interactive Software TTWO 3.07% some credit: They know a deal when they see one. The publisher of blockbuster videogames such […]
Wall Street stock indexes opened lower ahead of inflation data and the first wave of major earnings reports later this week. Here’s what we’re watching in Monday’s trading: It’s a happy day in FarmVille: Take-Two Interactive is acquiring Zynga in a stock-and-cash deal. Zynga shares soared; Take-Two’s slipped. GameStop shares were down in morning trading, […]
Lenders are again welcoming borrowers with less-than-pristine credit, a vote of confidence in the health of the U.S. economy and Americans’ finances. An estimated 29.2 million general-purpose credit cards were issued to people with credit scores of 660 and below last year, according to projections from credit-reporting firm TransUnion, up from 20.4 million in 2020 […]
Once trading finished on New Year’s Eve, Dec. 31, stock indexes and stock funds were once again showing double-digit gains. Photo: Michael Nagle/Bloomberg News By William Power Jan. 9, 2022 7:00 am ET Stocks aren’t quite immune to the virus, but they continue to overcome it. For a third straight year, stock-fund investors pocketed big […]
Earnings season kicks off this week, the next test for a stock market rattled by the prospect of quicker interest-rate increases by the Federal Reserve. The market fell Wednesday on news that the Fed might lift short-term interest rates as soon as March, and it extended its decline throughout the week. The S&P 500, which […]
Wall Street stocks opened flat after jobs figures showed a decline in the unemployment rate. Here’s what we’re watching in Friday’s trading: Some meme stocks were bouncing back after a rough start to the year. The WSJ reported that GameStop is planning to launch a division to develop a marketplace for nonfungible tokens and establish cryptocurrency partnerships. […]
