Day: October 12, 2020

Stock futures flat as investors await earnings season kickoff

spike 3 months ago

People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 02, 2020 in New York City.

Spencer Platt | Getty Images

U.S. stock futures were flat in overnight trading on Tuesday as investors awaited the first batch of corporate earnings and updates on a stimulus package.

Dow futures rose 10 points. S&P 500 futures and Nasdaq 100 futures gained 0.04% and 0.1%, respectively.

Futures got a lift as Disney rallied more than 5% in after hours trading after announcing a major company reorganization with streaming at the forefront of its business. Disney said it centralizing its

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Disney, Twilio, Ethan Allen and more

spike 3 months ago

Attendees visit the Disney+ streaming service booth at the D23 Expo on August 23, 2019 at the Anaheim Convention Center in Anaheim, California.

ROBYN BECK | AFP | Getty Images

Check out the companies making headlines after the bell:

Disney — Shares of the media giant rallied more than 4% in after hours trading on Monday after announcing a major company reorganization putting streaming at the forefront of business. Disney said it will be centralizing its media businesses into a single organization that will be responsible for content distribution, ad sales and Disney+.

Ethan Allen — Shares of the

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European fintech giant Revolut is close to applying for a bank charter in California

spike 3 months ago

Nikolay Storonsky is the founder and CEO of fintech start-up, Revolut.

Revolut, the biggest European digital bank with 13 million users, is close to applying for a banking license in the U.S., CNBC has learned exclusively.

The London-based fintech firm plans on applying for a charter with the Federal Reserve Bank of San Francisco and California’s Division of Financial Institutions within weeks, said people with knowledge of the matter.

The move from Revolut, valued at $5.5 billion in a February fundraising round, is the latest example of one of a new breed of digital challengers seeking to become a

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A benchmark of banking and payment apps

spike 3 months ago

The world of finance has undoubtedly been disrupted by mobile, with FinTech companies offering innovative digital services, including in-store mobile payment apps and non-bank money transfers.

EY’s Global FinTech Adoption Index 20191 suggests that internet users’ adoption of financial technology services almost doubled over the past two years, and 64% of digitally active users engage with fintech.

In a new report, The Mobile Finance Report 2020 by Adjust and app intelligence provider Apptopia, focuses on the growth of install and session rates for FinTech apps over H1 2020, how much time users are spending in-app, and how retention rates perform

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