Market Overview

Fintech Focus For August 6, 2020

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Daily Perspective: I have no special talent. I am only passionately curious. - Albert Einstein

Fintech Movers: PayPal executives said society has reached an "inflection point" when it comes to the "death of cash," and noted that 70% of consumers now fear for their health when it comes to paying in stores. - Fortune

  • Schwab adopts TD's thinkorswim.
  • Refinitiv has added Sigwatch data.
  • BBVA intros Google collaboration.
  • Aquis furthers NEX tech migration.
  • Goldman develops app for M&A.
  • Shorter market hours bid hits wall.
  • Fidelity quotes Satoshi Nakamoto.
  • Do not discount insurance tech.
  • Smartbank Sync raises seed round.
  • eBay, LendingPoint launch program.
  • LSEG delivers a new IT platform.
  • Vela deploys market feed in AWS.

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Watch Out For This: An ex-British Army explosive expert says the explosion in Beirut, Lebanon, shows the tell-tale signs of an ammonium nitrate explosion. CNN's Sam Kiley reports. - CNN

  • Lebanon ignored expert warnings.
  • Nobody is buying fast food breakfast.
  • Biggest search engine raises $15.5M.
  • Social engineering is unlikely to stop.

Market Moving Headline: U.S. private employers hired far fewer workers than expected in July as companies exhausted loans to help with wages and new COVID-19 infections flared up across the country, supporting the view that the nascent economic recovery was faltering. - Reuters

  • Rocket prices IPO at $18 a share.
  • SaaS and its impact on business.
  • US will pay $1B for J&J vaccine.
  • Walmart delays Prime competitor.
  • Facebook intros TikTok-like service.
  • SEC investigates the Kodak surge.
  • Michael Burry right on GameStop.
  • JPM sees portfolio trading surge.
  • US, China to meet 8/15 over trade.
  • Stimulus should target infrastructure.
  • Visa CEO says little hiring right now.
 

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