Stocks - Tesla, Crowdstrike Rise Premarket; Uber, Zoom Video Fall

Investing.Com | December 06, 2019

Stocks - Tesla, Crowdstrike Rise Premarket; Uber, Zoom Video Fall
Stocks in focus in premarket trade on Friday, 6th December. Tesla (NASDAQ:TSLA) stock was up 1.6% on a report that its cars had been approved for government subsidies in China, the world’s largest market for electric vehicles. Uber (NYSE:UBER) stock fell 1.2% after the company released a report documenting 515 rapes or attempted rapes on its passengers by drivers in the U.S. last year. The report detailed nearly 6,000 cases of sexual abuse by drivers over 2017 and 2018. Zoom Video (NASDAQ:ZM) stock fell 9.1% after its outlook for 2020 failed to impress, despite the company posting better-than-expected quarterly numbers late on Thursday. Crowdstrike (NASDAQ:CRWD) stock was up 2.2% after beating expectations for revenue and earnings after the bell on Thursday. General Motors (NYSE:GM) was down 0.3%, seemingly unmoved by news of a $2.3 billion joint venture with LG Chem to build a new battery plant for electric cars in Ohio.

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The taxation of individuals is a significant source of revenue for the Federal Government, comprising almost half of all income tax receipts. It principally comprises income tax (including capital gains tax (CGT) and Fringe Benefits Tax (FBT). A range of issues relating to the taxation of individual


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HUBUC Joins Mastercard Fintech Express Program Fostering Innovation in the Fintech and B2B SaaS Sectors in Europe

Mastercard | September 17, 2021

HUBUC, an embedded financial services powerhouse backed by Y-Combinator, is pleased to announce that it is now an official partner of Mastercard through the Fintech Express program. Mastercard works with fintech companies through all stages of growth and transformation – market entry, expansion, product development, diversification and innovation and connects them with partners like HUBUC to find new ways to innovate. These partnerships will help new Fintech and B2B SaaS products to emerge in Spain, Germany, France and other European countries. Through this partnership, HUBUC can provide a single component or the integration of a full set of embedded finance components t...

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FINTECH

i2c and Solid Partner to Offer Issuing-Processing Solutions via Fintech as a Service

i2c Inc. | September 16, 2021

i2c Inc., a leading provider of digital payment and banking technology, today announced its partnership with Solid, a modern Fintech as a Service (FaaS) platform, to provide streamlined access to banking, payments, and card services to companies. By working with fintech enablers like i2c, Solid offers SMEs, FIs, and neobanks a compliant, managed solution to support a variety of payments use cases on a single, digital first platform. Solid’s extensive network of sponsor banks and fintech partnerships de-constitutes traditional banking buildouts, so that clients can leverage simplified APIs to launch curated programs faster than ever before. “i2c and S...

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FINTECH

Melio Raises $250M To Fuel Expansion Of Its B2B Payments Platform And Forge New Partnerships, Tripling Valuation To $4B

Melio | September 15, 2021

Melio, a leading B2B payments platform for small businesses, today announced it has raised an additional $250 million, tripling the company's valuation to $4 billion since January 2021. The capital raised will accelerate the company's expansion through partnerships with leading financial institutions, software providers, and marketplaces interested in enabling B2B payments for their customers. The Series D round, which comes as the company grew its monthly processing volumes by 5,000% over the last 18 months, was co-led by new investor Thrive Capital of New York, along with existing investor General Catalyst. U.S. investment firm Tiger Global Management also invested i...

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FINTECH

Wipro and First Horizon Bank Forge a Cloud-Based Fintech Future for VirtualBank

Wipro Limited | September 14, 2021

Wipro Limited, a leading global information technology, consulting and business process services company, has partnered with Tennessee-based First Horizon Bank (FHN) to transform the core banking channels and servicing capabilities of VirtualBank, an established digital bank that FHN inherited from Louisiana-based IBERIABANK as part of the merger completed in 2020. The combined entity’s assets are approximately $87 billion. Wipro worked with six other companies to streamline VirtualBank’s cloud migration and support its fintech stack on a public cloud ecosystem. Wipro also supported the bank’s end-to-end program management, governance, customer data conversio...

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Spotlight

The taxation of individuals is a significant source of revenue for the Federal Government, comprising almost half of all income tax receipts. It principally comprises income tax (including capital gains tax (CGT) and Fringe Benefits Tax (FBT). A range of issues relating to the taxation of individual

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