Block Inc

Rarely-humbled Goldman Sachs concedes missteps in plan to take on megabanks in retail finance

Rarely-humbled Goldman Sachs concedes missteps in plan to take on megabanks in retail finance

David Solomon, Goldman Sachs, at the Marcus event Goldman Sachs CEO David Solomon is reining in his ambition to make the 153-year-old investment bank a major player in US consumer banking. After product delays, executive turnover, branding confusion, regulatory missteps and deepening financial losses, Solomon on Tuesday said the firm was pivoting away from its …

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JPMorgan Chase acquires payments fintech Renovite to help it battle Stripe and Block

JPMorgan Chase acquires payments fintech Renovite to help it battle Stripe and Block

The main entrance at JPMorgan’s headquarters in New York City. Eric McGregor | LightRocket | Getty Images JPMorgan Chase has agreed to acquire a payments startup called Renovite to fend off threats from fintech firms including Stripe and Block, CNBC has learned. The bank, a major player in the global payments arena, said that acquiring …

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Stocks making the biggest moves midday: Lyft, Carvana, Warner Bros.  Discovery, DraftKings

Stocks making the biggest moves midday: Lyft, Carvana, Warner Bros. Discovery, DraftKings

Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama/Getty Images Check out the companies making headlines in …

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