Chime agreed to acquire Stride Bank for about $590 million, marking a shift from renting banking services to owning its own bank charter. This move will reduce fees paid to partner banks, allow Chime to hold deposits and loans directly, and improve funding costs. However, it also brings new regulatory oversight and capital requirements. The deal is pending regulatory approval, and Chime raised its 2026 revenue and profit guidance, signaling confidence in the integration and future growth.
Academy Sports + Outdoors is introducing five styles of Hoka performance running shoes, including models for men, women, and kids, available in 15 stores across Arkansas, Georgia, Louisiana, and Texas, as well as online at Academy.com starting early ...
Wynn Resorts announced a private offering of $900 million in senior notes due 2035 through its subsidiaries. The proceeds will be used to redeem existing 2027 senior notes and pay issuance and redemption fees. These new notes will be senior unsecured...
Bitcoin whales have kept their holdings stable at 5.23 million BTC over the past week, signaling cautious waiting ahead of several critical events. These include US inflation reports, the Federal Reserve's monetary decision, the Bank of Japan's rate ...
Deutsche Telekom IoT and Iridium Communications completed a global roaming agreement enabling IoT devices to switch between terrestrial and Iridium's satellite networks. A successful demonstration sent a voice message from a Toyota vehicle over Iridi...
Palantir's stock has surged over 1,700% since its 2020 IPO, but shares have declined slightly this year despite a strong Q2 with 92.83% revenue growth and a 149% increase in U.S. commercial revenue. CEO Alex Karp described the quarter as "otherworldl...
