|Bid||277.55 x 800|
|Ask||277.48 x 1100|
|Day's range||274.55 - 278.60|
|52-week range||171.89 - 293.69|
|Beta (3Y monthly)||0.86|
|PE ratio (TTM)||42.78|
|Earnings date||28 Oct 2019 - 1 Nov 2019|
|Forward dividend & yield||1.32 (0.48%)|
|1y target est||310.56|
Actress and environmental activist Shailene Woodley joins Yahoo Finance to chat about her efforts to rid the world of harmful plastics in oceans.
Seventy percent of mentored small businesses survive past the five-year mark—nearly twice the rate of non-mentored businesses . As part of a shared commitment to empower small businesses, Mastercard and Bank of America are announcing the third annual Grow Your Biz Contest, which calls on small business owners to pitch their business growth plans for the opportunity to win $25k and business consultation with industry experts . “We’re excited to partner with Mastercard for the third year of this contest and look forward to working with creative and passionate business owners from all over the country,” said Sharon Miller, head of Small Business, Bank of America.
The fintech startup, whose technology lets people connect their bank accounts to mobile apps like Venmo, did not disclose the size of Visa and Mastercard's investment in a statement announcing the deal. "Financial services is in the midst of a digital revolution, led by the fintech market," Zach Perret, Plaid's chief executive officer, said in the statement.
Mastercard (MA) partners R3 to launch a blockchain-enabled cross-border payments solution that will facilitate better services to customers.
Mastercard TrackTM Business Payment Service is the first global open-loop commercial service built to simplify and automate payments between the world's suppliers and buyers. Advances in technology and actionable real-time data are driving businesses to operate faster and smarter. Mastercard (MA) today unveiled its plans to modernize the business-to-business (B2B) payment ecosystem with Mastercard TrackTM.
Mastercard and R3, a leading enterprise blockchain software provider, have today announced a strategic partnership to develop and pilot a new blockchain-enabled cross-border payments solution that will initially focus on connecting global faster payments infrastructures, schemes and banks supported by a clearing and settlement network operated by Mastercard. Earlier this year, Mastercard strengthened its cross-border network reach with its acquisition of Transfast. Today’s announcement complements the company’s formidable capabilities by providing access to R3’s Corda ecosystem, which includes more than 300 of the world’s leading financial services firms, technology companies, central banks, regulators and trade associations.
When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, you can make far...
(Bloomberg) -- Michael Novogratz is a step closer toward his vision of making Galaxy Digital Holdings Ltd. the Goldman Sachs of cryptocurrencies.The former macro manager’s self-styled merchant bank noted its approval from the Financial Industry Regulatory Authority to underwrite registered public offerings of securities in a filing last week. The New York-based firm is also looking at shepherding security token offerings -- effectively, digitized IPOs.“It’s a really young industry, and we are a pretty young business,” Novogratz said in a phone interview. “We are sober and patient about how fast it will grow, and we are well capitalized. This feels like a perfect addition.”Galaxy already invests in start-ups and coins, and helps companies secure funding for everything from early- to later-stage rounds. Galaxy managed $390 million in assets as of July 31.Novogratz, 54, is a former Goldman Sachs Group Inc. partner who spent more than a decade at the New York-based bank. He later became a principal at Fortress Investment Group LLC and managed the Fortress Macro Fund before it was liquidated in 2015. He launched Galaxy in January 2018 during the height of the crypto bubble.The company’s advisory business is headed by Ian Taylor, who worked at Goldman Sachs for 18 years before joining Galaxy in December. The Australia native is now leading a team of eight -- up from three employees in December -- with backgrounds in investment banking, consulting and structured finance.Business could take several years to ramp up, but there are plenty of hopeful signs that IPO demand could be coming: A number of crypto exchanges like Coinbase Inc. have raised money at valuations in the billions, and companies like mining hardware giant Bitmain Technologies Ltd. are already planning IPOs. Many major exchanges, mining and chip businesses are generating real revenue and profits.“The business that we are building on the advisory side is a long-term, relationship-based business,” Taylor said. “In time that will pay dividends as financing and strategic advisory opportunities arise.”Galaxy is already working on finding financing for a Bitcoin mining data center to be located in the U.S., for example, Taylor said.Mergers-and-acquisitions advising could be poised to take off as well. Traditional companies like card network Mastercard Inc. and PayPal Holdings Inc. have joined the Libra Association, a Facebook Inc.-led effort to issue a new digital coin for payments -- and such companies may look to acquire crypto businesses at some point as well. Due to political and regulatory scrutiny, Novogratz pegs Libra’s chances of launching next year at 50%.“Ultimately, we want to be a big part of the crypto ecosystem, and if they are there we want to be a big part of that,” Novogratz said, adding that he is also investing in and advising alternative platforms that would allow for Libra-like coins.Eventually, Galaxy also wants to issue tokens that could connect to or represent ownership of many valuable objects and revenue streams, Novogratz said.“The key here is regulators have been a little slower than we want them to be, but I think they are heading in the right direction,” Novogratz said. “There are a lot of interesting projects, but nothing has happened yet on the ’tokenization of everything’ front.”While some traditional investment banks could join the fray by that time, Novogratz hopes to enjoy a first-mover advantage -- and an advantage of someone focused on crypto from day one.“The traditional banks don’t have the DNA that they really need to understand the crypto community yet,” Novogratz said. “Our edge over time is that we are going to see more projects and get an understanding of what works and what doesn’t.”\--With assistance from Ben Bain.To contact the reporter on this story: Olga Kharif in Portland at firstname.lastname@example.orgTo contact the editors responsible for this story: Jeremy Herron at email@example.com, Dave Liedtka, Brendan WalshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Mastercard Incorporated today announced that Carlo Enrico, president, LAC, will present at the Autonomous Future of Commerce Symposium in New York City on Thursday, September 19.
Thailand's capital, Bangkok, edged out Paris and London as the world's most popular city to visit, according to a survey released on Wednesday, welcome news for Thailand after worries over a drop in foreign arrivals. Bangkok was named the most-visited city for the fourth consecutive year, with about 22.8 million visitors reported in the annual rankings by MasterCard Inc. Paris and London were ranked second and third, each with about 19.1 million arrivals, trailed by Dubai with 15.9 million.