The Financial Conduct Authority ordered Wirecard’s U.K. unit stop carrying out regulated activities. That regulatory action impacted several fintech apps, including Curve, Anna, Pockit and U Account. Experts say the debacle could lessen the public’s trust in the …
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(This story is for CNBC Pro subscribers only.) Electric automaker Tesla proved the short sellers wrong this year and welcomed a flood of retail investors cashing in on the stock’s huge rally in 2020, according to Credit Suisse. The Wall Street firm — which has a …
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Nokia has been selected by Taiwan Mobile as the sole supplier of its 5G network in a three-year framework deal worth approximately 400 million euros ($451 million). The initial phase of the deal, which includes 5G RAN, 5G core and 5G IMS, begins this …
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NEW YORK (AP) — Amazon said Friday that it is buying self-driving technology company Zoox, which is developing an autonomous vehicle for a ride-hailing service that people would request on their phones. Seattle-based Amazon did not disclose how …
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Today Personal Capital, a fintech company that had attracted over $265 million in private funding, announced that it is selling itself to Empower Retirement, a company that provides retirement services to other companies. The deal is worth $825 million upon …
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