Payments giant Adyen goes head-to-head with Stripe, Square and PayPal
Holding loans on its own balance sheet opens Adyen to default risks.
Investing
Country Road’s $1.5 million pledge to fix fashion
Country Road is offering grant funding to projects that aim to provide climate solutions to the fashion industry.
Elon Musk’s fortune is down US$100 billion
In November last year, Tesla CEO Elon Musk became the first person in history to obtain a US$300 billion fortune.
Would you buy land in the metaverse?
HSBC, Nike, Samsung, Warner Music Group, Snoop Dogg, Paris Hilton, have metaverse land holdings.
Coming up in the markets
Federal Budget, inflation numbers and central bank meetings overseas are the focus for markets.
How stocks and bonds cratered during Liz Truss’ tenure
Bond yields in the U.K. and U.S. skyrocketed to their highest levels since 2008 as the market lost confidence in governments’ ability to navigate a looming recession and digested sticky inflation data.
FBI agents are helping ICE and DOJ trace crypto
Their new company, Naxo, has contracts with ICE, the DOJ and the SEC. It’s also offering to exhume cryptocurrency locked away in hard drives.
What economic slowdown? Airlines are not seeing it
In the past week, the three largest legacy U.S. airlines have all reported third-quarter revenue in the double-digit billions, with a B.
With $900 million in funding, Hong Kong unicorn WeLab bets big on Indonesia
As more startups explore Indonesia’s fintech potential, WeLab’s cofounder and CEO Simon Loong believes digital banking can be a win-win game.
Netflix adds 2.4 million subscribers after months of declines
In November, Netflix plans to launch a cheaper ad-supported tier, the first time ads will be coming to the streaming service.