Federal Reserve https://www.benzinga.com/views/taxonomy/term/125743 en Friday's Market Minute: Interest Rates Have Aggravated The Stock Market https://www.benzinga.com/government/21/02/19880705/fridays-market-minute-interest-rates-have-aggravated-the-stock-market <p>Higher borrowing costs have put pressure on most equities this week, particularly on growth names hinged on soaring valuations. Interest rates are rising because of expectations for better economic growth and they should continue to move up, but moderately. Inflation is a fear in the market, but it is not the main catalyst for interest rates.</p> <p>The treasury market has been pricing in a more aggressive fiscal stimulus program from the Biden administration, much larger than many analysts had initially expected. The economy is already recovering, and many market participants believe that the proposed stimulus is much ...</p><p><a href=https://www.benzinga.com/government/21/02/19880705/fridays-market-minute-interest-rates-have-aggravated-the-stock-market alt=Friday&#039;s Market Minute: Interest Rates Have Aggravated The Stock Market>Full story available on Benzinga.com</a></p> Government News TD Ameritrade Bonds Economics Federal Reserve Markets News Government Bonds Economics Federal Reserve Markets Benzinga Fri, 26 Feb 2021 15:05:40 +0000 TD Ameritrade Network 19880705 at https://www.benzinga.com Fintech Focus For February 25, 2021 https://www.benzinga.com/fintech/21/02/19841624/fintech-focus-for-february-25-2021 <p><img alt="Fintech Header" src="https://cdn2.hubspot.net/hub/2786381/hubfs/Fintech%20Header.png?upscale=true&amp;width=800&amp;upscale=true&amp;name=Fintech%20Header.png" /></p> <p><strong>Quote To Start The Day:</strong> <em>Technology is the best enabler of banking the unbanked.</em></p> <p>Source: <a href="https://www.bankingdive.com/news/fdic-cio-Sultan-Meghji-jelena-mcwilliams/595551/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue%3A%202021-02-24%20Banking%20Dive%20%5Bissue%3A32625%5D&amp;utm_term=Banking%20Dive&amp;_hsenc=p2ANqtz--rYrKNnRbZT9pXJR-csa9uzu_kq65mUIYdeQkXOWx4uNX5hkjXKBePkR5ObaD0jsLhE_89">Sultan Meghji</a></p> <p><strong>One Big Thing In Fintech: </strong><em>An outage at the Federal Reserve is creating settlement issues for many financial institutions and exchanges. The Fed&#39;s service status page shows that most of its services are currently down, including its settlement network.</em></p> <p>Source: <a href="https://www.theblockcrypto.com/linked/95988/fed-outage-ach-fedwire-payments?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz--rYrKNnRbZT9pXJR-csa9uzu_kq65mUIYdeQkXOWx4uNX5hkjXKBePkR5ObaD0jsLhE_89">The Block</a></p> <p><img src="https://cdn2.hubspot.net/hub/2786381/hubfs/giphy%20(2)-Feb-24-2021-10-10-53-12-PM.gif?upscale=true&amp;width=800&amp;upscale=true&amp;name=giphy%20(2)-Feb-24-2021-10-10-53-12-PM.gif" /></p> <p><strong>Other Key Fintech Developments:</strong></p> <ul> <li>StockCharts <a href="https://www.prnewswire.com/news-releases/stockcharts-launches-free-over-the-top-streaming-service-for-traders-301233487.html?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz--rYrKNnRbZT9pXJR-csa9uzu_kq65mUIYdeQkXOWx4uNX5hkjXKBePkR5ObaD0jsLhE_89">adds</a> streaming service.</li> <li>DTCC <a href="https://www.marketsmedia.com/dtcc-proposes-approach-to-t1-us-settlement-in-two-years/?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz--rYrKNnRbZT9pXJR-csa9uzu_kq65mUIYdeQkXOWx4uNX5hkjXKBePkR5ObaD0jsLhE_89">proposes</a> an approach to T+1.</li> <li>Neuravest <a href="https://www.benzinga.com/fintech/21/02/19814507/neuravest-research-launches-with-plan-to-meet-growing-demand-for-ai-portfolios?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz--rYrKNnRbZT9pXJR-csa9uzu_kq65mUIYdeQkXOWx4uNX5hkjXKBePkR5ObaD0jsLhE_89">launches</a>, delivers AI tech.</li> <li>Episode Six <a href="https://uk.finance.yahoo.com/news/episode-six-announces-additional-30-150002683.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAFUPoFyUvbDEVaBegTamunmljdOT-5Mlfo799VoXUuIImbdizmBTmFr0D1pwk8YsDEv3O-VFz6545C8SLyw38wqnoFAqrMr-XMxfBTgjSqATbdNkhf7U9iI73ikcDEbjj1JycZsYRPIkPW218jNSIRjgk6xT7xetTYHGEUo8lRjR&amp;utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz--rYrKNnRbZT9pXJR-csa9uzu_kq65mUIYdeQkXOWx4uNX5hkjXKBePkR5ObaD0jsLhE_89">taps</a> $30M in new ...</li></ul><p><a href=https://www.benzinga.com/fintech/21/02/19841624/fintech-focus-for-february-25-2021 alt=Fintech Focus For February 25, 2021>Full story available on Benzinga.com</a></p> Afterpay AI ASYMmetric ETFs Bloomberg cnn CoinShares DTCC dYdX Fintech Hedera Kaleido Matchbook Modulus Neuravest Opera RecargaPay Schuringa Simplex Standard Bank Group StockCharts StorageOS Stripe Sultan Meghji T+1 T+2 The Block TP ICAP USPS Zelros Federal Reserve Fintech Federal Reserve Benzinga Thu, 25 Feb 2021 02:06:15 +0000 Renato Capelj 19841624 at https://www.benzinga.com Wednesday's Market Minute: This Is Not A Drill https://www.benzinga.com/news/21/02/19822715/wednesdays-market-minute-this-is-not-a-drill <p>Within minutes of the opening bell on Tuesday, the hashtag #BuyTheDip started trending on Twitter. The dip in reference was not <strong>Gamestop Corp.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gme#NYSE">GME</a>), Dogecoin, or an imploding EV SPAC (that wasn&rsquo;t until the closing bell). This day-trader call to arms was for the sake of the entire stock market, which dropped quite sharply at the open.</p> <p>If it wasn&rsquo;t obvious by now, stocks are a national pastime. With a little help from bull market friends Jay Powell and Cathie Wood, who offered dovish words and bullish Tesla orders, the S&amp;P 500 managed to pull off a rally. The turnaround is without question a victory for bulls who are feeling downright invincible at this point. Chamath, Prince of SPACs, even engaged ...</p><p><a href=https://www.benzinga.com/news/21/02/19822715/wednesdays-market-minute-this-is-not-a-drill alt=Wednesday&#039;s Market Minute: This Is Not A Drill>Full story available on Benzinga.com</a></p> Gamestop Corporation GME News TD Ameritrade WKHS Workhorse Small Cap Economics Federal Reserve Markets Tech GME US36467W1099 WKHS News Small Cap Economics Federal Reserve Markets Tech Benzinga Wed, 24 Feb 2021 14:40:59 +0000 TD Ameritrade Network 19822715 at https://www.benzinga.com Powell Says Economy Far From Fed's Employment, Inflation Goals https://www.benzinga.com/fintech/21/02/19800849/powell-says-economy-far-from-feds-employment-inflation-goals <p>Federal Reserve Chair<a href="https://www.benzinga.com/topic/jerome-powell">&nbsp;Jerome Powell</a> testified before Congress Tuesday about the country&#39;s economic and monetary policy.</p> <p><strong>Powell&#39;s Testimony: </strong>Powell told members of Congress that the current state of the economy is a long way from the Fed&#39;s&nbsp;unemployment and inflation goals, a sign that Powell said does not equate to &quot;substantial further progress&quot; &mdash;&nbsp;the words the Fed is looking for ...</p><p><a href=https://www.benzinga.com/fintech/21/02/19800849/powell-says-economy-far-from-feds-employment-inflation-goals alt=Powell Says Economy Far From Fed&#039;s Employment, Inflation Goals>Full story available on Benzinga.com</a></p> Jerome Powell SPY Federal Reserve SPY US78462F1030 Federal Reserve Benzinga Tue, 23 Feb 2021 19:14:39 +0000 Rohit Samandur 19800849 at https://www.benzinga.com Chances Of A 2021 Fed Interest Rate Hike Have Jumped 13.4% In One Month https://www.benzinga.com/analyst-ratings/analyst-color/21/02/19801149/chances-of-a-2021-fed-interest-rate-hike-have-jumped-13-4-in-one-month <p>The <strong>SPDR S&amp;P 500 ETF Trust</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spy#NYSE">SPY</a>) is down 2.1% in the past five days. One of the issues creating volatility in the markets is the potential inflationary impact of the unprecedented Federal Reserve stimulus measures on the value of the dollar and the possibility that the Fed will need to raise interest rates much sooner than anticipated to keep inflation in check.</p> <p><strong>Powell Calms The Market:</strong> On Tuesday, Fed chair Jerome Powell reassured investors that inflation levels are far from troublesome at this point.</p> <p>&ldquo;Following large declines in the spring, consumer prices partially rebounded over the rest of last year. However, for some of the sectors that have been most adversely affected by the pandemic, prices remain particularly soft,&rdquo; he said.<br /> Powell said the U.S. economy is still far from the Fed&rsquo;s inflation and employment targets, and investors shouldn&rsquo;t expect the ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/02/19801149/chances-of-a-2021-fed-interest-rate-hike-have-jumped-13-4-in-one-month alt=Chances Of A 2021 Fed Interest Rate Hike Have Jumped 13.4% In One Month>Full story available on Benzinga.com</a></p> Analyst Color CME Group DataTrek Research Nicholas Colas SPY Economics Federal Reserve Analyst Ratings SPY US78462F1030 Analyst Color Economics Federal Reserve Analyst Ratings Benzinga Tue, 23 Feb 2021 17:30:15 +0000 Wayne Duggan 19801149 at https://www.benzinga.com 'Tech Check' Continues, With Apple, Tesla Under Pressure Ahead Of Powell Testimony https://www.benzinga.com/news/earnings/21/02/19798345/tech-check-continues-with-apple-tesla-under-pressure-ahead-of-powell-testimony <p>Today&rsquo;s a big day for Fed watchers. So is tomorrow. Meanwhile, the &ldquo;Tech check&rdquo; continues with selling overnight hitting mega-cap stocks in that sector.&nbsp;</p> <p>We&rsquo;ll talk more about Tech below. First, Fed Chairman Jerome Powell begins his semi-annual testimony to the Senate Committee on Banking, Housing, and Urban Affairs at 10 a.m. ET. He heads over to the House on Wednesday for more of the same, and it&rsquo;s all going to be live-streamed. This is what people once called &ldquo;Humphrey Hawkins&rdquo; testimony because it was mandated by Senators Humphrey and Hawkins in 1978 (yep, that was Sen. Hubert Humphrey, who sadly died before the bill was signed into law).&nbsp;</p> <p>A lot of people are on pins and needles wondering what Powell might say about economic growth coming out of the pandemic and whether he&rsquo;s worried about things getting overheated. The Atlanta Fed&rsquo;s GDPNow forecasting model predicts an amazing 9.5% seasonally-adjusted gain in gross domestic product this quarter. That&rsquo;s up from a prediction of 5% just a few weeks ago. Recent economic data like retail sales and industrial production could be driving some of these projections, though the GDPNow forecast is well above the Wall Street average.&nbsp;</p> <h3>Powell Testimony Comes Amid Higher GDP Estimates</h3> <p>Analysts generally expect 6% or better growth in Q2 and Q3, according to a Wall Street Journal forecasting survey. Even if that&rsquo;s against pretty easy Q2 comparisons vs. a year ago, it&rsquo;s high enough to maybe have some analysts scratching their heads and wondering if Powell and company might decide to do something about curbing possible inflation.&nbsp;</p> <p>Having said that, it&rsquo;s kind of hard to believe Powell will start singing a different tune anytime soon, especially considering that as far as the Fed might be concerned, this growth is the logical outcome of nearly a year of zero rates and $120 billion a month in Fed bond purchases. Why would Powell want to kill the goose that laid a golden egg, so to speak? We know he&rsquo;s expressed concern since last March about the slow pace of employment growth and the fact that many people haven&rsquo;t gotten back on their feet yet. So one school of thought is that Powell likes what he&rsquo;s seeing and has no intention of backing off.&nbsp;</p> <p>The other school of thought is that Powell could start hinting at holding something in reserve to keep inflation from getting out of hand. At this point, that&rsquo;s like fighting a ghost, since inflation just isn&rsquo;t really very evident yet. He&rsquo;s said a bunch of times that the Fed will give investors plenty of time to adjust to any hints at a pullback in Fed support of the bond market, so the question is whether he might use today and tomorrow to make an early warning. Either way, Powell is usually very careful with his words and isn&rsquo;t likely to go &ldquo;off-script.&rdquo;&nbsp;</p> <p>The CME FedWatch tool suggests about 85% chances of the Fed&rsquo;s benchmark rate remaining at zero the rest of the year. Still, that&rsquo;s a big change from all the talk we heard back a few weeks ago about no rate increase until 2022 or 2023.&nbsp;</p> <p>Other than the Powell testimony, the day features earnings from luxury home builder&nbsp;<strong>Toll Brothers Inc&nbsp;</strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tol#NYSE">TOL</a>) after the close. When ...</p><p><a href=https://www.benzinga.com/news/earnings/21/02/19798345/tech-check-continues-with-apple-tesla-under-pressure-ahead-of-powell-testimony alt=&#039;Tech Check&#039; Continues, With Apple, Tesla Under Pressure Ahead Of Powell Testimony>Full story available on Benzinga.com</a></p> AAL ABNB Apple Inc. BAC DIS Earnings KSS MAR MS MSFT News NVDA TD Ameritrade Tesla TOL TSLA UAL XOM Economics Federal Reserve Markets Tech MSFT US5949181045 NVDA US67066G1040 BAC US0605051046 DIS US2546871060 KSS US5002551043 MAR US5719032022 MS US6174464486 TOL US8894781033 XOM US30231G1022 TSLA US88160R1014 UAL US9100471096 AAL ABNB News Earnings Economics Federal Reserve Markets Tech Benzinga Tue, 23 Feb 2021 15:22:25 +0000 JJ Kinahan 19798345 at https://www.benzinga.com Monday's Market Minute: This Week's Market Preview https://www.benzinga.com/news/earnings/21/02/19775300/mondays-market-minute-this-weeks-market-preview <p>We have a few things to keep an eye on this week that could move markets. First, in terms of economic data, it&#39;s a very busy week: we have Leading Indicators, the Dallas Fed Manufacturing Survey, and the Chicago Fed National Activity Index. Tuesday, Fed Chairman Jerome Powell begins his two-day semiannual testimony on Capitol Hill. We also have some housing data, Consumer Confidence, and the Richmond Fed. Things will heat up some as we head into the middle to end of the week, with the focus on Durable Goods Orders, GDP, and some more housing data. We end the week with a look at ...</p><p><a href=https://www.benzinga.com/news/earnings/21/02/19775300/mondays-market-minute-this-weeks-market-preview alt=Monday&#039;s Market Minute: This Week&#039;s Market Preview>Full story available on Benzinga.com</a></p> ABNB BBY Best Buy Co. DASH DoorDash Earnings HD LB LOW Lowe's Companies Inc. M News TD Ameritrade Economics Federal Reserve Markets BBY US0865161014 HD US4370761029 LOW US5486611073 M US55616P1049 LB US5024701071 ABNB DASH News Earnings Economics Federal Reserve Markets Benzinga Mon, 22 Feb 2021 15:20:54 +0000 TD Ameritrade Network 19775300 at https://www.benzinga.com Friday's Market Minute: These Are The Stocks To Be Worried About https://www.benzinga.com/news/21/02/19748464/fridays-market-minute-these-are-the-stocks-to-be-worried-about <p>Faster-than-expected economic recovery is making investors revisit what kind of assets they want to own. Rising Treasury yields are picking up momentum, and tech stocks are dragging on the market. They&rsquo;re down 1.8% coming into Friday, so it&rsquo;s not much to write home (or in a newsletter) about just yet. But what if the selloff in bonds accelerates? Thankfully, investors have a pretty clear blueprint for such an event if they look back to September 2019.</p> <p>That&rsquo;s when the trade war came to an anticlimactic close, Powell said he was done cutting rates, and bond yields posted the sharpest weekly percent gain in 30 years. That spurred a &ldquo;quant quake&rdquo; in which momentum stocks were thrashed, value stocks rallied, and all the major trends ...</p><p><a href=https://www.benzinga.com/news/21/02/19748464/fridays-market-minute-these-are-the-stocks-to-be-worried-about alt=Friday&#039;s Market Minute: These Are The Stocks To Be Worried About>Full story available on Benzinga.com</a></p> News TD Ameritrade Economics Federal Reserve Markets Tech News Economics Federal Reserve Markets Tech Benzinga Fri, 19 Feb 2021 14:42:24 +0000 TD Ameritrade Network 19748464 at https://www.benzinga.com With Revenue Still Down From Last Year, 2021 Is Make-or-Break For Small Businesses https://www.benzinga.com/fintech/21/02/19746618/with-revenue-still-down-from-last-year-2021-is-make-or-break-for-small-businesses <p>After a year of pandemic-driven social distancing measures and full scale shutdowns, the landscape for small businesses circa 2021 remains challenging. And while domestic COVID-19 infection trends have been moving in the right direction since the start of the year, small businesses are still facing major challenges in securing enough capital to weather the ongoing privations of the public health crisis.</p> <p>For many small business owners, the situation is dire, and current reopening timelines have not provided much hope for a swift recovery in the new year. <a href="https://www.credibly.com/" rel="nofollow sponsored">Credibly</a> has worked with thousands of small businesses throughout the pandemic to ensure they have enough financing to last out the near-term struggles many are facing.</p> <p>However, measures from local governments, as well as the indomitable efforts of the nation&rsquo;s business owners, are aiming to protect main street businesses and, hopefully, allow them to emerge from the current crisis at full strength.</p> <h3><strong>Small Businesses Strained For Sales</strong></h3> <p>A <a href="https://www.fedsmallbusiness.org/survey/2021/report-on-employer-firms" style="text-decoration:none;" rel="nofollow sponsored">recent survey conducted by the Federal Reserve System&rsquo;s 12 national reserve banks</a> among nearly 9,700 employer firms reveals that 88% of businesses have not seen their sales rebound back to pre-pandemic levels, with more than half of respondents indicating their revenue has fallen by more than 50% in that span.</p> <p>More alarming is that, ...</p><p><a href=https://www.benzinga.com/fintech/21/02/19746618/with-revenue-still-down-from-last-year-2021-is-make-or-break-for-small-businesses alt=With Revenue Still Down From Last Year, 2021 Is Make-or-Break For Small Businesses>Full story available on Benzinga.com</a></p> Credibly Fintech News Federal Reserve Startups Small Business News Fintech Federal Reserve Startups Small Business Benzinga Fri, 19 Feb 2021 13:06:13 +0000 Credibly 19746618 at https://www.benzinga.com Wednesday's Market Minute: Is The Reflation Trade For Real? https://www.benzinga.com/government/21/02/19587608/wednesdays-market-minute-is-the-reflation-trade-for-real <p>Between both monetary and fiscal policy, too much stimulus in the economy is now creating concerns that some sectors of the economy and market are overheated, and inflation is on the march higher. The yield on the U.S. 30-year Treasury note rose above 2% yesterday to print the highest level in 12 months. Longer-duration yields have jumped to multi-month highs in recent days in a sign of investors anticipating a stimulus-driven rebound in economic activity and inflation. When 30-year yields ...</p><p><a href=https://www.benzinga.com/government/21/02/19587608/wednesdays-market-minute-is-the-reflation-trade-for-real alt=Wednesday&#039;s Market Minute: Is The Reflation Trade For Real?>Full story available on Benzinga.com</a></p> Government News TD Ameritrade Economics Federal Reserve Markets News Government Economics Federal Reserve Markets Benzinga Wed, 10 Feb 2021 14:46:10 +0000 TD Ameritrade Network 19587608 at https://www.benzinga.com After Getting A Lyft, Market Awaits Uber Earnings, Fed's Powell Later Today https://www.benzinga.com/news/earnings/21/02/19587335/after-getting-a-lyft-market-awaits-uber-earnings-feds-powell-later-today <p>We&rsquo;re almost a month into earnings season and the hits just keep on coming.</p> <p><strong>LYFT Inc</strong>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyft#NASDAQ">LYFT</a>),&nbsp;<strong>Twitter Inc</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/twtr#NYSE">TWTR</a>),&nbsp;<strong>Coca-Cola Co</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ko#NYSE">KO</a>),&nbsp;<strong>Under Armour Inc</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uaa#NYSE">UAA</a>), and&nbsp;<strong>Yelp Inc</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yelp#NYSE">YELP</a>) all joined the fun last night and this morning, giving the market an early boost after yesterday&rsquo;s retreat. These companies generally topped analysts&rsquo; estimates and, maybe more importantly, shared positive views about their businesses and the economy.&nbsp; Phrases like &ldquo;confidence in returning to growth&rdquo; and &ldquo;encouraging signs of strength&rdquo; are good to see in the press releases of reporting companies at times like these.&nbsp;</p> <p>That doesn&rsquo;t mean all the news was good, and keep in mind some of the earnings achievements came through cost-cutting, not growing the business. Also,&nbsp;<strong>Cisco Systems, Inc.</strong>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csco#NASDAQ">CSCO</a>) struggled in pre-market trading today despite topping estimates. In this case, it&rsquo;s a bit like&nbsp;<strong>Apple Inc</strong>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) and&nbsp;<strong>Microsoft Corporation</strong>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) earlier this quarter, with investors punishing the stock because they apparently expected even better. Never mind. The results looked strong and so did the company&rsquo;s outlook.&nbsp;</p> <p>We&rsquo;re not done yet.<strong>&nbsp;Uber Technologies Inc&nbsp;</strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uber#NYSE">UBER</a>) and&nbsp;<strong>MGM Resorts International</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mgm#NYSE">MGM</a>) later today could give us an inside view at how the economy is emerging from COVID-19. MGM shares have been on a roll lately, maybe on hopes of things returning to normal and more people booking vacations.&nbsp;</p> <p>In a sign that maybe some of the risk-on sentiment remains, Treasury yields popped back up this morning after a two-day retreat. The question is whether the 10-year yield can claw above 1.2% and stay there, something that it hasn&rsquo;t achieved in this rally.&nbsp;</p> <h3>Powell Time This Afternoon</h3> <p>Fed Chairman Jerome Powell takes the mic at 2 p.m. ET today when he makes a speech called, &ldquo;State of the U.S. Labor Market.&rdquo; It&rsquo;s part of a webinar put on by the Economic Club of New York.&nbsp;</p> <p>While the topic means it&rsquo;s unlikely Powell will discuss interest rates, maybe he&rsquo;ll provide more detail on some of the remarks he made at the January Fed meeting. That&rsquo;s when he said the &ldquo;pace of the labor market has slowed in recent months.&rdquo; It could be a chance to hear him talk more about why that&rsquo;s the case and how quickly he thinks the situation could reverse.&nbsp;</p> <p>Obviously, a lot of that is beyond the Fed&rsquo;s control&mdash;mainly because the virus, its variants, and the pace of vaccinations keep making the calls. What could be interesting is if he talks about the developing fiscal stimulus plan and its possible effects on labor. It&rsquo;s unclear if he&rsquo;ll take questions, but if there is a Q&amp;A it&rsquo;s possible someone might ask him about the Democrats&rsquo; proposal to raise the minimum wage and what impact he thinks that might have. No guarantee there, of course.&nbsp;</p> <h3>Win Streak Fizzles Out</h3> <p>There&rsquo;s no rule saying the market has to be exciting every day. Which is good, because yesterday was one of those forgettable sessions where things just didn&rsquo;t happen. It felt like some consolidation took place ahead of today&rsquo;s inflation data and Powell&rsquo;s speech.&nbsp;</p> <p>At the same time, profit-taking pressure hasn&rsquo;t shown up in a big way, which might reflect ...</p><p><a href=https://www.benzinga.com/news/earnings/21/02/19587335/after-getting-a-lyft-market-awaits-uber-earnings-feds-powell-later-today alt=After Getting A Lyft, Market Awaits Uber Earnings, Fed&#039;s Powell Later Today>Full story available on Benzinga.com</a></p> AAPL AMZN BA CMCSA CSCO Earnings HD KO LOW Lyft LYFT MGM MSFT News NFLX T TD Ameritrade TGT TWTR UAA UBER Uber Technologies WMT YELP Economics Federal Reserve Markets UBER AAPL US0378331005 LYFT AMZN US0231351067 UAA CMCSA US20030N1019 CSCO US17275R1023 MSFT US5949181045 NFLX US64110L1061 BA US0970231058 HD US4370761029 KO US1912161007 LOW US5486611073 MGM US5529531015 T US00206R1023 TGT US87612E1064 WMT US9311421039 YELP TWTR US90184L1026 News Earnings Economics Federal Reserve Markets Benzinga Wed, 10 Feb 2021 14:39:26 +0000 JJ Kinahan 19587335 at https://www.benzinga.com Pro-Bitcoin Senator Cynthia Lummis Joins Banking Committee: Why It's Important https://www.benzinga.com/markets/cryptocurrency/21/02/19564560/pro-bitcoin-senator-cynthia-lummis-joins-banking-committee-why-its-important <p>The first U.S. senator to ever own <a href="http://www.benzinga.com/money/is-bitcoin-a-good-investment/">Bitcoin</a> (BTC) has been named to a committee overseeing banking and plans to hold conversations with Treasury Secretary Janet Yellen about the positives of the cryptocurrency.</p> <p><strong>What Happened:</strong> Cynthia Lummis became the <a href="https://fortune.com/2020/11/04/wyoming-bitcoin-cynthia-lummis-u-s-senate/">first U.S. senator</a> to own Bitcoin when she was elected in November. Lummis is a Republican Senator representing Wyoming and the first woman senator from the state. She served as the state&#39;s treasurer for eight years.<br /> Lummis was recently <a href="https://news.bitcoin.com/pro-bitcoin-lawmaker-cynthia-lummis-senate-banking-committee-janet-yellen-btc-great-store-of-value/">named </a>to the Banking, Housing and Urban Affairs Committee, which has&nbsp;areas of&nbsp;jurisdiction including, but not limited to: banking, insurance, financial markets, securities, housing, urban ...</p><p><a href=https://www.benzinga.com/markets/cryptocurrency/21/02/19564560/pro-bitcoin-senator-cynthia-lummis-joins-banking-committee-why-its-important alt=Pro-Bitcoin Senator Cynthia Lummis Joins Banking Committee: Why It&#039;s Important>Full story available on Benzinga.com</a></p> $BTC Bitcoin Congress Cryptocurrency Cynthia Lummis cyrptocurrency Janet Yellen Senate TSLA Federal Reserve Markets TSLA US88160R1014 $BTC Cryptocurrency Federal Reserve Markets Benzinga Tue, 09 Feb 2021 17:55:14 +0000 Chris Katje 19564560 at https://www.benzinga.com Fintech Focus Roundup For February 6, 2021 https://www.benzinga.com/markets/cryptocurrency/21/02/19520325/fintech-focus-roundup-for-february-6-2021 <p><img alt="Fintech Header" src="https://cdn2.hubspot.net/hub/2786381/hubfs/Fintech%20Header.png?upscale=true&amp;width=800&amp;upscale=true&amp;name=Fintech%20Header.png" /></p> <p><a href="https://www.benzinga.com/markets/mutual-funds/21/02/19410759/this-is-not-the-market-participants-problem-volatility-arbitrage-trader-talks-gamestop-marke?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-9VjpP8QUu7WZS_L8iC4aqk700dvwgAi-kTbaEJXzOdJuYFAUEuY7MD0fY62xjjKHp7lh18"><strong>&#39;This Is Not The Market Participant&#39;s Problem&#39;: Volatility Arbitrage Trader Talks GameStop, Market Microstructure, Regulation</strong></a><br /> The dynamics that transpired in GameStop can be traced back to factors like Federal Reserve stabilization efforts and low rates, which incentivize risk taking.</p> <p>&ldquo;The growth of structured products, passive investing, the regulatory standpoint that&rsquo;s been implemented with Dodd-Frank and dealers needing to hedge off their risk more frequently than not&rdquo; are all part of a regime change that&rsquo;s affected the stability of markets, said Kris Sidial, co-chief investment officer of The Ambrus Group.</p> <p>&ldquo;These dislocations happen quite frequently in small windows, and it offers the potential for large outlier events,&rdquo; like the equity bust and boom of 2020, he said.</p> <p>&ldquo;Strength and fragility are two completely different components. The market could be strong, but fragile.&rdquo;</p> <p>The aforementioned dynamics of dealers&rsquo; risk exposure to direction and volatility causes violent crash dynamics to transpire.</p> <p>In February 2020, one-sidedness in the market by yield-seeking participants like target date funds &mdash; such as mutual funds &mdash; selling far out-of-the money puts on the S&amp;P 500 exacerbated volatility. So did customers looking to buy puts in an increasing fashion for downside exposure.</p> <p>&ldquo;We&rsquo;re in there buying puts, dealers are short puts and short stock,&rdquo; Sidial said in a discussion on rising delta and volatility forcing dealers to sell into weakness to hedge.</p> <p>&ldquo;As people reach for those downside puts on SPX, it now reflexively has another implication on increasing volatility. Well, all those people that are carrying short volatility exposure in their book are losing money.&rdquo;</p> <p>In all, a new regime with knock-on effects is forming solely due to positioning in the market.</p> <p><img alt="Newfound Research" src="https://cdn2.hubspot.net/hub/2786381/hubfs/Newfound%20Research.png?upscale=true&amp;width=800&amp;upscale=true&amp;name=Newfound%20Research.png" /></p> <p><a href="https://www.benzinga.com/markets/cryptocurrency/21/02/19506276/paypal-owned-venmo-to-add-crypto-savings-deal-finding-functionalities?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-9VjpP8QUu7WZS_L8iC4aqk700dvwgAi-kTbaEJXzOdJuYFAUEuY7MD0fY62xjjKHp7lh18"><strong>PayPal-Owned Venmo To Add Crypto, Savings, Deal-Finding Functionalities</strong></a><br /> Venmo is a holistic platform for payments and money transfers.</p> <p>As part of a vision to unlock access ...</p><p><a href=https://www.benzinga.com/markets/cryptocurrency/21/02/19520325/fintech-focus-roundup-for-february-6-2021 alt=Fintech Focus Roundup For February 6, 2021>Full story available on Benzinga.com</a></p> Bitcoin Bitcoin Cash Blockchain Chamath Palihapitiya Cohen & Company Cold Emails Crypto Cryptocurrency Daniel Schulman David Friedberg Ethereum Fintech gamestop INSU Kris Sidial Litecoin Lyft Mark Cuban Metromile Michael Gruen PayPal Ryan Graves S&P 500 Scott Sheridan Social Capital SPAC SPX tastyworks The Ambrus Group Uber Venmo Volatility Arbitrage Federal Reserve Markets Cryptocurrency Fintech Federal Reserve Markets Benzinga Fri, 05 Feb 2021 21:37:40 +0000 Renato Capelj 19520325 at https://www.benzinga.com Amazon, Alphabet Earnings Pack A Wallop, Helping Drive Early Market Strength https://www.benzinga.com/news/earnings/21/02/19467168/amazon-alphabet-earnings-pack-a-wallop-helping-drive-early-market-strength <p>There&rsquo;s a lot of talk about the return of &ldquo;boring&rdquo; in Washington, D.C. Maybe it&rsquo;s happening on Wall Street, too, and many investors would likely welcome that after the wild January we just had. Robust earnings late Tuesday from&nbsp;<strong>Amazon.com, Inc.</strong>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) and&nbsp;<strong>Alphabet Inc&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) turned the focus back toward earnings this morning.</p> <p>Some of the frenzy moved to the fringes as the week continued, calming things a little.&nbsp;Volatility&nbsp;edged lower again early Wednesday as the&nbsp;<a href="https://tickertape.tdameritrade.com/market-news/what-is-a-short-squeeze-17936">short squeeze&nbsp;</a>mania died down. Bonds also retreated, taking the 30-year yield up to nearly 2% and the 10-year yield up to 1.12%. The improving economy and expected stimulus are starting to show up in the bond market, and strong earnings might also be part of that.&nbsp;</p> <p>Earnings season usually turns the focus back toward the market&rsquo;s inner workings, but that hadn&rsquo;t been the case as much this time around with all these distractions. Now it feels as if we&rsquo;re getting back to the things that really matter&mdash;boring but essential stuff like cash flow, R&amp;D, SG&amp;A. All those fun things that veteran market watchers love to dissect this time of year.&nbsp;</p> <p>Earnings season started out slow but keeps getting better. And now at least some companies are enjoying the fruits of their labors, so to speak, as investors reward stocks like GOOGL for strong quarterly performance. Earlier on this earnings season, it felt like meeting expectations often got companies punished, and even beating expectations didn&rsquo;t bring much reward. Part of this might have to do with the market being up so much already.&nbsp;</p> <h3>Bezos News Distracts From Huge Quarter</h3> <p>Yesterday&rsquo;s surprising announcement that AMZN CEO Jeff Bezos plans to leave his position later this year didn&rsquo;t immediately seem to move shares, though everyone&rsquo;s still soaking up the news. Maybe the stock didn&rsquo;t react too much because he&rsquo;s really not going anywhere. Bezos will be executive chairman, which means he&rsquo;s likely to keep himself involved in at least some of the day-to-day business.</p> <p>Think back to when Bill Gates of<strong>&nbsp;Microsoft Corporation</strong>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) left the CEO spot to become chairman in 2000. He kept playing a big role until 2006 when he officially stepped aside. Not to say it&rsquo;s exactly the same situation with Bezos now, but that may be what some investors are thinking. MSFT&rsquo;s stock didn&rsquo;t move much the day Gates took a new position in 2006.&nbsp;</p> <p>One of the more interesting questions to ponder in coming months is what Andy Jassy&mdash;who&rsquo;s set to take over as AMZN CEO in Q3 and currently heads cloud computing behemoth Amazon Web Services (AWS)&mdash;might have in mind when he grabs the wheel. He&rsquo;s certainly going to bring a lot of cloud experience, and that&rsquo;s been a huge focus of AMZN&rsquo;s business (and success) lately.&nbsp;</p> <p>Getting down to nuts and bolts, AMZN joined&nbsp;<strong>Apple Inc</strong>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) in the $100 billion quarterly revenue club by easily outpacing Wall Street analysts&rsquo; expectations on earnings and revenue in Q4. It looks like holiday shopping helped the company. The question is whether AMZN shares can continue their rally, because lately the Tech stocks that beat on earnings got punished in the market. Think back to AAPL last week and MSFT not long before that. With those two, it felt like a classic &ldquo;buy the rumor, sell the news&rdquo; scenario, though arguably AAPL got caught up in some of last week&rsquo;s frenzy.&nbsp;</p> <p>Things were also in good shape over at GOOGL, on a very busy Tuesday afternoon. The ...</p><p><a href=https://www.benzinga.com/news/earnings/21/02/19467168/amazon-alphabet-earnings-pack-a-wallop-helping-drive-early-market-strength alt=Amazon, Alphabet Earnings Pack A Wallop, Helping Drive Early Market Strength>Full story available on Benzinga.com</a></p> AAPL Amazon.com AMZN Earnings F GOOGL Microsoft Corporation (MSFT) MSFT News PFE PTON TD Ameritrade Tesla TSLA WYNN XOM Economics Federal Reserve Markets Tech AAPL US0378331005 AMZN US0231351067 MSFT US5949181045 WYNN US9831341071 F US3453708600 PFE US7170811035 XOM US30231G1022 TSLA US88160R1014 GOOGL US38259P5089 PTON News Earnings Economics Federal Reserve Markets Tech Benzinga Wed, 03 Feb 2021 15:03:15 +0000 JJ Kinahan 19467168 at https://www.benzinga.com Fintech Focus For February 3, 2021 https://www.benzinga.com/fintech/21/02/19456994/fintech-focus-for-february-3-2021 <p><img alt="Fintech Header" src="https://cdn2.hubspot.net/hub/2786381/hubfs/Fintech%20Header.png?upscale=true&amp;width=800&amp;upscale=true&amp;name=Fintech%20Header.png" /></p> <p>&nbsp;</p> <p><strong>Quote To Start The Day: </strong><em>To better align our incentives with those of our members, we will stop participating in the practice of Payment for Order Flow.</em></p> <p>Source: <a href="https://twitter.com/public/status/1356231585562034180?s=20&amp;utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">Public.com</a></p> <p><strong>One Big Thing In Fintech: </strong><em>An &ldquo;anonymously&rdquo; led startup called Millions has raised a $3 million seed round for its fintech company that&rsquo;s currently giving away free money through its Twitter account. The concept, inspired by the likes of YouTuber David Dobrik, is partly aimed at attracting attention for the new company but is also setting the stage for a forthcoming business model of sorts, where brands could participate in giveaways more directly.</em></p> <p>Source: <a href="https://techcrunch.com/2021/02/02/anonymous-fintech-startup-millions-raises-3-million-gives-away-cash-on-twitter/?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">TechCrunch</a></p> <p><img src="https://cdn2.hubspot.net/hub/2786381/hubfs/giphy%20(1)-Feb-03-2021-12-03-30-07-AM.gif?upscale=true&amp;width=800&amp;upscale=true&amp;name=giphy%20(1)-Feb-03-2021-12-03-30-07-AM.gif" /></p> <p><strong>Other Key Fintech Developments:</strong></p> <ul> <li>InvestCloud <a href="https://www.prnewswire.com/news-releases/investcloud-recapitalizes-at-1-billion-and-integrates-two-new-businesses-to-create-a-financial-technology-leader-with-a-saas-global-wealth-solutions-platform-having-over-4-trillion-in-assets-301219476.html?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">eyes</a> growth, expansion.</li> <li>BondView <a href="https://finance.yahoo.com/news/bondview-releases-municipal-bond-reference-135200737.html?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">adds</a> technology updates.</li> <li>Metaco, Cobalt <a href="https://www.finextra.com/pressarticle/85997/metaco-and-cobalt-bring-interoperable-fx-and-digital-asset-trading-to-institutions?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b#:~:text=Metaco%2C%20the%20leading%20provider%20of,market%20from%20the%20ground%20up.">partnered</a> on trading.</li> <li>TrustLayer insurtech <a href="https://news.crunchbase.com/news/trustlayer-raises-6-6m-to-make-sure-your-insurance-coverage-is-legit/?utm_source=cb_daily&amp;utm_medium=email&amp;utm_campaign=20210202&amp;utm_content=intro&amp;utm_term=content&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">raising</a> $6.6M.</li> <li>USDC is <a href="https://www.prnewswire.com/news-releases/usdc-is-live-on-the-stellar-network-301219669.html?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">live</a> on the Stellar network.</li> <li>Intuit <a href="https://www.pymnts.com/news/acquiring/2021/intuit-buys-onesaas-to-boost-quickbooks-commerce/?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">buys</a> app integrator OneSaas.</li> <li>JPM <a href="https://www.waterstechnology.com/technology/7740281/jp-morgan-am-develops-ai-quant-tool-that-uses-mind-maps-to-build-thematic-funds?utm_medium=email&amp;_hsmi=97105076&amp;utm_content=97105076&amp;utm_source=hs_email&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">developing</a> quant tech for funds.</li> <li>Axoni <a href="https://www.thetradenews.com/axoni-raises-31-million-in-deutsche-bank-ubs-funding-round/?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">raises</a> $31M in funding round.</li> <li><a href="https://www.waterstechnology.com/operations/7739656/the-embrace-of-buy-side-interoperability-state-street-and-simcorp-team-up?utm_medium=email&amp;_hsmi=97105080&amp;utm_content=97105080&amp;utm_source=hs_email&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">Embrace</a> of buy-side interoperability.</li> <li>Tradeweb <a href="https://www.marketsmedia.com/tradeweb-acquires-nasdaqs-us-fixed-income-trading-platform/?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">acquires</a> Nasdaq platform.</li> <li>TickPick <a href="https://www.tickpick.com/blog/bitcoin-to-buy-super-bowl-tickets/?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">accepting</a> Bitcoin for tickets.</li> <li>Current is <a href="https://current.com/blog/the-current-wave-growth-app-refresh-tv-awards/?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">facing</a> exponential growth.</li> <li>Robinhood challengers are <a href="https://www.theblockcrypto.com/daily/93256/robinhood-challengers-brokerage-scrutiny?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">plotting</a>.</li> <li>Curve <a href="https://www.businesswire.com/news/home/20210201005671/en/Fintech-Firm-Curve-Adds-Former-President-of-Samsung%E2%80%99s-Global-Strategy-Group-Cuong-Do-to-Its-Board?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">added</a> a Samsung executive.</li> <li>Altruist <a href="https://www.businesswire.com/news/home/20210202005176/en/Altruist-Launches-Portfolio-Marketplace-Featuring-Vanguard-and-Dimensional-Fund-Advisors-Models?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">intros</a> a portfolio marketplace.</li> <li>Divvy Homes <a href="https://news.crunchbase.com/news/divvy-homes-rent-to-own-startup-funding-series-c/?utm_source=cb_daily&amp;utm_medium=email&amp;utm_campaign=20210202&amp;utm_content=intro&amp;utm_term=content&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">taps</a> $110M Series C.</li> <li>Checkout.com <a href="https://www.checkout.com/newsroom/news/checkout-expands-executive-leadership-team-to-drive?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">expanding</a> leadership.</li> <li>CoinFlip <a href="https://www.prnewswire.com/news-releases/coinflip-exceeds-one-million-transactions-in-2020-smashes-revenue-record-with-359-yoy-growth-301220089.html?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">exceeding</a> 1M transactions.</li> <li>MackeyRMS, InsiderScore <a href="https://www.businesswire.com/news/home/20210202005269/en/MackeyRMS-and-InsiderScore-Announce-Strategic-Merger?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">merging</a>.</li> <li>Routefusion <a href="https://www.prnewswire.com/news-releases/routefusion-secures-3-6-million-seed-round-301220169.html?utm_campaign=Fintech%20-%20BZ%20Fintech%20Daily%20Beat&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_DnV31V93AuwDVK2GWDMeU0n0l_65gVTYwh-FzvSRPXoTU6SJ5uv8EhdLx6yRS78juwf_b">securing</a> $3.6M in seed.</li> </ul> <p><strong>Watch Out For This:<em> </em></strong><em>The days of executives choosing software for their employees based on IT compatibility or ...</em></p><p><a href=https://www.benzinga.com/fintech/21/02/19456994/fintech-focus-for-february-3-2021 alt=Fintech Focus For February 3, 2021>Full story available on Benzinga.com</a></p> 5G Acorns Altruist Amazon.com AOC AWS Axoni BondView Bumble checkout.com cobalt Coinflip Current datadog David Dobrik Divvy Homes Drizly Fintech gamestop Google Google Cloud InsiderScore Insurtech intuit InvestCloud Jeff Bezos JPM MackeyRMS Metaco new york Newfound Research PFOF Public.com Robinhood Routefusion Snowflake SPX Stripe techcrunch Tesla TickPick TradeWeb TrustLayer Twilio twitter Uber USDC Hedge Funds Federal Reserve General Fintech Hedge Funds Federal Reserve General Benzinga Wed, 03 Feb 2021 00:18:26 +0000 Renato Capelj 19456994 at https://www.benzinga.com