Stocks - U.S. Futures Move Higher as Banks, Nike Support Bulls

Investing | June 29, 2018

Stocks - U.S. Futures Move Higher as Banks, Nike Support Bulls
U.S. futures pointed to a higher open on Tuesday, as banks moved sharply higher in the pre-market and positive earnings from Nike supported sentiment. The blue-chip Dow futures gained 86 points, or 0.36%, by 6:55AM ET (10:55GMT), the S&P 500 futures rose 7 points, or 0.27%, while the tech-heavy Nasdaq 100 futures traded up 22 points, or 0.30%. Several U.S. banks were registering strong gains in pre-market trade on Friday as they passed tougher Federal Reserve stress tests whose results were published after the prior session’s close.

Spotlight

The Durbin Amendment to the Dodd-Frank financial reform legislation capped debit card interchange fees for banks with assets of $10 billion. Credit card and prepaid card interchange fees were not regulated. The cap, which took effect on October 11, 2011, cut the average interchange fee for covered b


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Soldo, A Spend Management Fintech, Has Closed A Record $180 Million Series C Round

Soldo | July 22, 2021

Soldo, the leading European pay and spend automation platform, today announced the completion of a $180 million Series C investment round, a European record in the spend management category. Temasek, a significant global investor headquartered in Singapore, led the funding. Sunley House Capital, Advent International's crossover fund, and Citi Ventures are among the new investors in the round, which also includes debt funding from Accel, Battery Ventures, Dawn Capital, and Silicon Valley Bank. Goldman Sachs served as Soldo's exclusive placement agent for the transaction. Despite the adverse macroeconomic situation, this investment follows a 4x increase in...

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FINANCIAL MANAGEMENT

BlackLine and Kybria, Collaborate To Accelerate Bank Connectivity

BlackLine | July 21, 2021

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FINANCIAL MANAGEMENT

Bill.Com Has Agreed To Buy Invoice2go, A Leader In Accounts Receivable Software

Invoice2go | July 20, 2021

Bill.com, a leading provider of cloud-based software that simplifies, digitises, and automates complex back-office financial operations for small and medium-sized businesses (SMBs), announced today that it has signed a definitive agreement to acquire Invoice2go for approximately $625 million in stock and cash. Invoice2go is a major provider of mobile-first accounts receivable (AR) software that enables small businesses and freelancers to expand their client base, manage invoicing and payments, establish their brand, and much more. Invoice2go provides a huge global customer base of small businesses from headquarters in Sydney, Australia and Palo Alto, California. The acquisitio...

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Spotlight

The Durbin Amendment to the Dodd-Frank financial reform legislation capped debit card interchange fees for banks with assets of $10 billion. Credit card and prepaid card interchange fees were not regulated. The cap, which took effect on October 11, 2011, cut the average interchange fee for covered b

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