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Brazil's beloved instant payment system faces scrutiny from the Trump administration
Associated Press134d agoneutral
Brazil's beloved instant payment system faces scrutiny from the Trump administration

Brazil is a politically divided country, but there's one thing that those on all sides of the political spectrum love: PIX, the country's instant payment system that allows users to pay for everything, from ice cream on the beach to clothes in a shopping mall and even a car. Unlike payment apps run by private banks, PIX is governed Brazil's Central Bank. “The best (payment method) is PIX, the most used,” said Luis Felipe de Almeida, a 21-year-old vendor of iced tea and cassava starch biscuits on Ipanema beach in Rio de Janeiro.

Musk, Cook Set to Join Trump for Xi Summit, White House Says
Bloomberg136d agoneutral
Musk, Cook Set to Join Trump for Xi Summit, White House Says

(Bloomberg) -- The White House is inviting Tesla Inc.’s Elon Musk, Apple Inc.’s Tim Cook, Boeing Co.’s Kelly Ortberg and executives from other large companies to accompany President Donald Trump on his trip to China this week, according to an official. Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Modi Asks Indians to Stop Buying Gold,

Elon Musk, Apple's Cook and Boeing CEO going to China with Trump, official says
Reuters136d agoneutral
Elon Musk, Apple's Cook and Boeing CEO going to China with Trump, official says

Elon Musk, Apple's Tim Cook, GE Aerospace's Larry Culp and ‌Boeing's Kelly Ortberg will join U.S. President Donald Trump on his visit ‌to China this week, a White House official told Reuters. Others taking part include Meta's Dina ​Powell McCormick, Blackrock's Larry Fink, Blackstone's Stephen Schwarzman, Cisco's Chuck Robbins, Micron's Sanjay Mehrota, Mastercard'ss Michael Miebach, Qualcomm's Christiano Amon and Visa's Ryan McInerney, the official said.

Corpay Earnings Demonstrate Shift to Long-Term Compounder
Exec Edge139d agoneutral
Corpay Earnings Demonstrate Shift to Long-Term Compounder

By Jarrett Banks Corpay, Inc. (NYSE: CPAY) delivered the kind of quarter that shifts the narrative from a solid payments company to a potential long-term compounder. Across Wall Street brokerage reports, the themes were the same: accelerating Corporate Payments momentum, improving Lodging trends, durable double-digit organic growth, and a management team increasingly confident in the […]

XRP new addresses sink to 18-month low
TheStreet140d agoneutral
XRP new addresses sink to 18-month low

The number of new addresses appearing on the XRP network has dropped from 18,000 a day in December to 2,700 a day on May 7, as per Glassnode data. The figure hitting an 18-month low represents a decline of 85% during the period. Monthly active XRP supply has also sunk from 7.45 ...

Block raises annual gross profit outlook on consumer spending strength
Reuters140d agoneutral
Block raises annual gross profit outlook on consumer spending strength

Jack Dorsey-led Block raised its full-year outlook on Thursday as the payments firm benefited from resilient ‌consumer spending and strong growth in its core businesses. The ‌Oakland, California-based company now expects annual gross profit to be $12.33 billion in 2026, compared ​with its previous forecast of $12.20 billion. U.S. consumer spending remained broadly resilient ‌in the first three ⁠months of 2026, underpinned by a stable labor market and wage growth.

PayPal, Visa, Mastercard Probed by UK Regulators
The Wall Street Journal141d agobearish
PayPal, Visa, Mastercard Probed by UK Regulators

PayPal Holdings, Visa and Mastercard are under investigation by U.K. authorities for anticompetitive conduct related to PayPal's digital wallet. The Financial Conduct Authority, the finance regulator in the U.K., said Wednesday that it "has reached no conclusions nor made any findings" that competition law had been broken. Shares in Visa and Mastercard fell 1% and 1.4%, respectively, while PayPal shares were down about 0.33% as the broader market surged.

PayPal Tumbles 10% Despite Q1 Earnings Beat: Is the Venmo Spin-off Enough to Save the Stock?
24/7 Wall St.142d agobearish
PayPal Tumbles 10% Despite Q1 Earnings Beat: Is the Venmo Spin-off Enough to Save the Stock?

PayPal Holdings (NASDAQ:PYPL) shares are tumbling roughly 10% in early trading Tuesday morning to about $45.50, after the company reported a Q1 2026 earnings beat alongside a soft Q2 outlook. The stock closed Monday at $50.39 before the report. The slide extends an already painful run. PYPL stock entered the earnings report down 13% year ... PayPal Tumbles 10% Despite Q1 Earnings Beat: Is the Venmo Spin-off Enough to Save the Stock?

Mastercard Q1 Earnings Call Highlights
MarketBeat146d agoneutral
Mastercard Q1 Earnings Call Highlights

Mastercard (NYSE:MA) reported what Chief Executive Officer Michael Miebach called an “excellent start” to fiscal 2026, with first-quarter net revenue up 12% and net income up 15% year over year on a non-GAAP, currency-neutral basis. Management said consumer and business spending remained healthy, bu