Square (SQ) is acquiring Australian buy now, pay later (BNPL) company Afterpay for $29 billion in stock, signaling that the digital payments company is entering the installment payment market. “This deal makes a lot of sense for Square, especially insofar as it enabled the company to expand significantly, both in terms of product line and globally by using its stock as an acquisition currency,” BTIG Managing Director Mark Palmer said on Yahoo Finance Live (video above). Square is a brainchild… Source link

The U.S. has fallen significantly behind China in the race to develop a blockchain-based payment system, Pantera Capital founder and CEO Dan Morehead told Yahoo Finance in a recent interview. “China’s six years ahead of the United States in building a blockchain-based payment system,” Morehead said in a Friday segment on blockchain technology with Yahoo Finance Live. China’s dominance in the blockchain space may propel America into action in the near future, according to Morehead,… Source link

Dogecoin has come a long way since being founded as a joke. The meme coin, as it’s known, has muscled its way into the top eight cryptocurrencies with a market capitalization of USD 26.8 billion. With Doge hovering at USD 0.20, the Dogecoin community has become increasingly bullish on the potential of this meme coin. They are increasingly comparing their favorite cryptocurrency to bitcoin, especially since billionaire Elon Musk showed a preference for Doge, which has fueled a rivalry. Source link

Stocks gained on Monday, looking to kick off August trading on a high note after a winning July.  The S&P 500 added about 0.5% shortly after market open and neared an all-time high. The Dow and Nasdaq also rose.  Equity investors are entering August with momentum from a sixth straight monthly gain, with the S&P 500 logging an advance of 2.3% in July. Both the Dow and Nasdaq also added more than 1% for the month.  These increases came alongside a strong season so far for quarterly corporate… Source link

        | Published: Monday, August 2, 2021, 17:32 [IST] In order to attract more users to the made-in-India browser, JioPages has launched a new mode. The Study Mode is expected to enable students to study on their TV screens without distractions. The Study Mode has been designed to provide class-wise in different tabs, channel suggestions, Quicklinks, AdBlocker, and many more. Here Are Some Steps To Access Study Mode To use Study Mode, users have to install JioPages… Source link

At a laboratory inside a Google data center in Mayes County, Oklahoma, researchers spent the fall of 2019 disassembling old hard disk drives by hand in order to extract a 2-inch-long component known as the magnet assembly. Consisting of two powerful rare earth magnets, the magnet assembly is a critical muscle within the hard drive, controlling an actuator arm that allows the device to read and write data.  Over the course of six weeks, the scientists harvested 6,100 of these… Source link

After seven straight quarters of same-store sales declines amid menu challenges and competitive pressures, Restaurant Brands-owned Tim Horton’s finally appears to be turning the corner. Second quarter global same-store sales for Tim Horton’s — which operates nearly 5,100 restaurants mostly in Canada and was purchased in 2014 by Restaurant Brands (QSR) for $11.4 billion — rose 27.6%. The coffee and donut chain had the best sales performance from within a Restaurant Brands portfolio that… Source link

China’s e-commerce giant Alibaba (BABA) is set to release first-quarter fiscal 2022 earnings on August 3. Over the past six months, shares of the company have plunged 26%, and it is now trading at over $195. Given the macroeconomic recovery and accelerated digitalization in China, it is worth taking a look at Alibaba’s fundamentals ahead of the results. A strong set of numbers in fiscal Q1 could help the stock regain investors’ confidence, so let’s take a closer look at what analysts… Source link

(Bloomberg) — Bitcoin pulled back to $40,000 after climbing over the weekend to the highest levels since May. The largest cryptocurrency was trading at $40,226 as of 8:28 a.m. in London after falling as much as 4.9% Monday. Other virtual coins including second-ranked Ether also fell. Analysts suggested profit-taking lay behind the declines. This is “just a normal pullback following bullish action,” said Vijay Ayyar, head of Asia Pacific with crypto exchange Luno in Singapore. The declines… Source link

(Bloomberg) — Chinese equities rallied by the most in ten weeks as traders turned buyers of everything from baijiu producers to construction firms on expectations of increased support for the economy. The benchmark CSI 300 Index rose 2.6%, its best day since May 25. Consumer shares led gains, with Kweichow Moutai Co. and Wuliangye Yibin Co. adding at least 4.5%. In Hong Kong, the Hang Seng Index also rebounded, rising 1%. Monday’s move higher follows a volatile week for the world’s… Source link