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☆ Stocks making the biggest moves after hours: Boot Barn, Nextracker, dLocal and more
▼ + stars: | 2024-05-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines after the bell : Boot Barn — The western apparel and footwear stock slid 7% after issuing light revenue and earnings guidance for the full year. Boot Barn said it expects earnings for the year to range between $4.55 and $4.85 a share, behind a FactSet estimate of $5.16 per share. Nextracker posted $737 million in revenue for the fiscal fourth quarter, topping an LSEG estimate of $682 million. DLocal reported earnings of 6 cents per share on $184.4 million revenue. Analysts polled by FactSet had expected earnings per share of 12 cents on $189.8 million in revenue.

Persons: Nextracker, —, DLocal, FactSet Organizations: Nu Holdings, Revenue, Uruguayan, Prestige Consumer Healthcare, Prestige Locations: Brazil

☆ Cramer's Lightning Round: Don't buy MicroStrategy
▼ + stars: | 2024-05-13 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon AllianceBernstein's year-to-date stock performance. Stock Chart Icon Stock chart icon Confluent's year-to-date stock performance. Stock Chart Icon Stock chart icon MicroStrategy's year-to-date stock performance. Stock Chart Icon Stock chart icon AeroVironment's year-to-date stock performance. Stock Chart Icon Stock chart icon Albemarle's year-to-date stock performance.

Persons: I'm, We've, AeroVironment, Sterling Organizations: Sterling Infrastructure

☆ Lightning Round: Nu Skin is an overvalued stock, says Jim Cramer
▼ + stars: | 2024-05-13 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Nu Skin is an overvalued stock, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: AllianceBernstein, Cardinal Health, Confluent, Pure Storage, Microstrategy, AeroVironment, Sterling Infrastructure, Nu Skin, Oracle, and Albemarle.

Persons: Jim Cramer Organizations: Cardinal, Sterling Infrastructure, Oracle Locations: Albemarle

☆ Inflation data commands center stage next week and provides a test for the market rally
▼ + stars: | 2024-05-11 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

All three major U.S. stock indexes closed higher for the week, led by the Dow Jones Industrial Average . The Nasdaq Composite added 1.14% while the S & P 500 advanced 1.85% in a relatively quiet week of economic updates. Within the portfolio, Disney and Wynn Resorts released quarterly numbers; we took issue with the stock reaction to both reports. It also raises the stakes around major economic releases, such as next week's consumer inflation report. In the week ahead, earnings season continues — headlined by Walmart on Thursday — and inflation data will dominate the economic calendar.

Persons: We've, Jim Cramer, Dow Jones, we'll, We'll, Stanley Black, Decker, Jack, JACK, Arcutis, Spero, JD.com, Armour, Jim Cramer's, Jim, Carlo Allegri Organizations: Dow Jones, Nasdaq, Disney, Wynn Resorts, Procter, Procter & Gamble, Walmart, CPI, PPI, Club, Home Depot, Biotech Corporation, Music Entertainment, Central Puerto S.A, TeraWulf Inc, Paysafe Group Holdings, QuickLogic Corporation, Kopin Corp, Royalty Corp, Agilysys Inc, Crop Solutions Corp, Inovio Biomedical, Intercorp Financial, Lithium, Argentina ) Corp, Sea, Sony Group Corporation, SONY, Holding, HudBay Minerals, Autolus Therapeutics, Game Technology, Nu Holdings, Dragonfly Energy Holdings Corp, Bakkt Holdings, Prestige Consumer Healthcare, SilverCrest Metals, Inc, Mining Corp, Acurx Pharmaceuticals, Cresco Labs, Dole plc, DOLE, Arcos Dorados Holdings, ARCO, Cisco Systems, Grab Holdings, Copa Holdings S.A, Technologies, Iris Energy, KORE Group, Super, Spero Therapeutics, ZTO, Baidu, Deere & Company, NICE, Lightspeed Commerce, Ship Lease, Canada Goose Holdings, Drainage Systems, Consolidated Water Co, Outlook Therapeutics, Despegar.com, Corp, DXC Technology Company, Flowers Foods, Bruker Corporation, WYNN, CNBC, Foods Locations: Procter &, Central, Cayman, Lithium Americas, Argentina, Manhattan, New York City

☆ He Had Her at the Baby Moose
▼ + stars: | 2024-04-19 | by ( Tammy Lagorce | ) www.nytimes.com time to read: +1 min

In June 2021, Francis Charles Marley checked out Ashleé Michele Miller’s Match.com profile, but clicked away without so much as a like. She would have let it go if the app hadn’t pictured him cradling a baby moose in the middle of a raging Alaskan river. Ms. Miller, 35, was riding out the pandemic at her parents’ house in Reidsville, N.C., when Mr. Marley thumbed past her profile. In New York, where she had lived since 2006, sorting through men had started to feel like a part-time job. But in North Carolina, “my mom said, ‘You have to keep dating,’” she said.

Persons: Francis Charles Marley, Ashleé Michele Miller’s Match.com, Miller, Marley, ‘, ’ ”, “ Organizations: Juilliard, Adelphi University, City University of New, Deco Locations: Reidsville, N.C, Manhattan, City University of New York, New York, North Carolina, Massachusetts

☆ Olivia Rodrigo's guest appearance with No Doubt at Coachella proves the Gen Z artist is carrying a torch for Gen X
▼ + stars: | 2024-04-15 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

Gen X musicians often inspire Rodrigo's music. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Rodrigo has long paid dues to her Gen X predecessors, calling them a huge inspiration to her music. On her most recent album, "GUTS," the singer told Rolling Stone that she tapped into tunes from the all-woman ensemble Babes in Toyland to help craft "All-American Bitch" — a song questioning misogynistic expectations. It's clear that she's gaining some street cred among Gen X: Of course, she is buddies with Stefani.

Persons: Olivia Rodrigo, Gwen Stefani, Rodrigo, Stefani, Gen, —, It's, Willow, Jada Pinkett, Smith, Alanis Morissette's, Rodrigo's, Fiona Apple, Rolling Stone, Billie Joe Armstrong, Jack White, White, She's Organizations: Service, Nylon Magazine Locations: Coachella

☆ The Two-Decade Fight for Two Letters on the Internet
▼ + stars: | 2024-02-21 | by ( Jacob Judah | ) www.nytimes.com time to read: +1 min

The South Pacific island of Niue is one the most remote places in the world. The advent of the internet promised, in a small way, to make Niue and its 2,000 or so residents more connected to the rest of the world. In the late 1990s, an American businessman offered to hook up the island to the internet. All he wanted in exchange was the right to control the .nu suffix that Niue was assigned for its web addresses. “Nu” means now in Swedish, Danish and Dutch, and thousands of Scandinavians registered websites with that suffix, creating a steady business for Niue’s business partner, Bill Semich.

Persons: Bill Semich Locations: Niue, Tonga, American Samoa, American, Tuvalu, Pacific

☆ I drove the hottest Chinese EV in Europe — and America is definitely missing out
▼ + stars: | 2024-02-07 | by ( Alex Goy | ) www.businessinsider.com time to read: +7 min

(And in other places, like North America, the MG brand is known for tiny vintage sports cars and little else.) The 2024 MG MG4 XPower. Alex GoyMG decided to send me the MG4 XPower, the fastest one you can get, as I am a hooligan. The interior of the MG MG4 XPower. Driving the MG MG4 XPower on the road.

Persons: It's, MG4 XPower, Alex Goy MG, you'd, there's, XPower, Alex Goy, Apple CarPlay, Uber, MG's, it's Organizations: Service, SAIC, TF, Business, MG4, Audi, EV, MG Locations: North America, United Kingdom, it's, Europe, It's, America, London

☆ Factbox-Candidates for Indonesia's Presidential Election
▼ + stars: | 2024-02-06 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +4 min

(Reuters) - Indonesia holds a presidential election on Feb. 14, with three contenders vying to succeed incumbent Joko Widodo, or Jokowi, as leader of the world's third-largest democracy and its most populous Muslim-majority nation. He is not a member of a political party but is backed by three parties, including a secular party in the ruling coalition and the conservative Islamic Prosperous Justice Party (PKS). He is the nephew of the late Abdurrahman Wahid, or Gus Dur, a well-respected former president and religious leader. After losing the 2019 election, he was appointed defence minister by Jokowi, a move analysts say helped heal divisions. Prabowo chairs the Great Indonesia Movement (Gerindra) party, which endorsed him as its presidential candidate last year.

Persons: Joko Widodo, ANIES BASWEDAN, Jokowi, Anies, Basuki Tjahaja, Muhaimin Iskandar, Imin, Abdurrahman Wahid, Gus Dur, Ganjar, Mahfud, Mohammad Mahfud Mahmodin, Suharto, Prabowo, Gibran Rakabuming Raka, Gibran, Ananda Teresia, Stanley Widianto, Kanupriya Kapoor, Martin Petty Organizations: Reuters, Fulbright, Islamic Prosperous Justice Party, National Awakening Party, Ulama, Indonesian Democratic Party of Struggle, Israel, Islamic, NU, Mahfud, Great Indonesia Movement, Constitutional Locations: Indonesia, Jakarta, Chinese, East Java, Central Java, Surakarta

☆ Sleater-Kinney’s 10 (or Actually 11) Best Songs
▼ + stars: | 2024-01-19 | by ( Lindsay Zoladz | ) www.nytimes.com time to read: +1 min

Dear listeners,I first heard the band Sleater-Kinney when I was a teenager, and it’s not an exaggeration to say it changed my life. The drummer, Janet Weiss, played harder than pretty much anyone I’d ever seen, of any gender, and she sometimes wore pigtails. I still believe that Sleater-Kinney’s two-decade, eight-album stretch from 1995 to 2015 ranks among the strongest runs ever by an American band. But its last three albums, released since Weiss left the group, have largely left me cold. But I’d be lying, or blindly stanning, if I said I rank this new album with the band’s best work.

Persons: Kinney, it’s, —, I’d, Janet Weiss, Weiss, Carrie Brownstein Locations: American

☆ These are Morgan Stanley's top sustainable plays for 2024
▼ + stars: | 2024-01-18 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Morgan Stanley released its top sustainability-themed investment ideas on Wednesday for the new year. Here are the top picks from Morgan Stanley, along with their associated theme and star-or-spark designation: Electric helicopter stock Joby made the list and is deemed a star. Morgan Stanley has a price target showing the stock could regain some of that lost ground, climbing almost 34% from where it ended Wednesday's session. Morgan Stanley's price target reflects the potential for shares to soar around 76% over the next 12 months. The rest of Wall Street sees a more muted upside, with an average price target implying an upside closer to 11%.

Persons: Morgan Stanley, Laura Sanchez, Kristine Liwag, Sanchez, That's, Corteva, Wells, Richard Garchitorena, Morgan Organizations: Electric, rideshares, Nu Holdings Locations: Wednesday's, Wells Fargo, America

LOS ANGELES (AP) — Ten of the best songs of the year, as determined by Associated Press Music Writer Maria Sherman, in no particular order. “Monaco,” Bad BunnyBad Bunny’s 2023 album, “Nadie Sabe Lo Que Va a Pasar Mañana,” is a reclamation of his past sound, the hard-hitting rap that preceded his mainstream superstardom. And it is part of the reason why his 2023 single and first No. “OMG,” NewJeansIn 2023, girl groups dominated the K-pop conversation. At the fore is NewJeans, with their Y2K-nostalgic sound that pulls from the turn of the millennium's R&B and pop music.

Persons: Maria Sherman, Victoria Monét Buckle, Victoria Monét, Ariana Grande, Chloe x Halle, Monét’s, doesn’t, “, ”, ” Miley Cyrus, Miley Cyrus ’, ” PinkPantheress, PinkPantheress, Leo ”, What’s, ” Zach Bryan, Zach Bryan, ” Paramore Long, Paramore, Hayley Williams, “ Rush, ” Troye Sivan, Sivan, Laura Les, Dylan Brady, NewJeans, ” Danny Brown Danny Organizations: ANGELES, Associated Press, Fifth Harmony, Bronx Locations: “, “ Monaco, Monaco, The Tennessee, Australian

☆ A Battle Over China’s Reproductive Future Is Underway - The New York Times
▼ + stars: | 2023-11-26 | by ( Leta Hong Fincher | ) www.nytimes.com time to read: +1 min

By 25, her Chinese parents were accusing her of causing them a public loss of face because she still had no plans to wed. Her father warned her that women are worth less to a man as they near the age of 30, when — according to Chinese government propaganda — their peak childbearing time has passed. When Amiee was 29, her mother threatened to jump off a building if she didn’t find a husband. Amiee — whose full name is being withheld to avoid potential repercussions for questioning government policy — wasn’t against marriage, per se. I hear similar stories from single women across China, where sexist state propaganda labels single professional women older than 27 as sheng nu, or leftover women.

Persons: Amiee, badgered, ”, Amiee —, —, hadn’t Locations: China

☆ D1 Capital adds to Big Tech bets in third quarter, reveals new top holding
▼ + stars: | 2023-11-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Daniel Sundheim's D1 Capital made significant buys in Big Tech stocks during the third quarter and saw one large private holding enter the public market, according to securities filings . The hedge fund increased its stake in Microsoft by nearly 78% while more than doubling its shares in Meta Platforms during the third quarter. Elsewhere in tech, D1 sold more than a third of its shares in Alphabet but added a new stake worth roughly $115 million in Amazon . The buying of Big Tech stock marks a reversal from D1 Capital's moves earlier this year . D1 Capital has more than $27 billion in assets under management, according to WhaleWisdom.com.

Persons: Daniel Sundheim's, Instacart, Philip Morris, Sundheim, Andreas Halvorsen Organizations: Capital, Big, Microsoft, D1, Big Tech, South, Nu Holdings, PNC, Viking Global Locations: Big Tech, Meta, Instacart

☆ Profitable Klarna poses IPO valuation conundrum
▼ + stars: | 2023-11-09 | by ( Karen Kwok | ) www.reuters.com time to read: +4 min

Last year, Siemiatkowski raised money at a $6.7 billion equity value, or 85% below its 2021 price tag of $45.6 billion. The implied Klarna valuation, before netting out the company’s cash or debt, would be roughly $14 billion. It’s hard to see Klarna getting close to those multiples, if it’s valued like a bank, since the Swedish company is nowhere near as profitable. For Siemiatkowski, then, the key to gaining an IPO valuation uplift will be to convince investors that Klarna is a lender but not a bank. Klarna raised $800 million at a $6.7 billion valuation in July 2022.

Persons: Sebastian Siemiatkowski, Klarna, That’s, Breakingviews, Siemiatkowski, Liam Proud, Streisand Neto Organizations: Reuters, Bank, Reuters Graphics Reuters, Revenue, Thomson Locations: U.S, Swedish, United Kingdom

Panama's legislature first agreed a contract extension with Canadian mining company First Quantum and it's local subsidiary, Minera Panama, in March. Eight lawsuits were also filed with Panama's Supreme Court arguing it was unconstitutional. Critics warned using a new law to revoke the contract could leave the government liable to legal action from Minera Panama. Earlier in the day nurses marched to the Supreme Court building to demand judges prioritize the constitutionality lawsuits. The mine is “in the middle of a jungle,” according to Minera Panama’s own contractor, Jan De Nu Group.

Persons: —, Laurentino Cortizo, Cortizo, Minera, Jan De, El Organizations: PANAMA CITY, National Assembly, Minera, Mineral Resources, Panama's, Toronto Stock Exchange, Supreme Court, Jan De Nu, Global Forest Watch, El Nino Locations: PANAMA, Minera Panama, Colon, Panama

☆ Cramer's Lightning Round: Sell Fisker
▼ + stars: | 2023-10-23 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Fisker's year-to-date stock performance. Stock Chart Icon Stock chart icon AutoNation's year-to-date stock performance. Stock Chart Icon Stock chart icon Nu's year-to-date stock performance. Stock Chart Icon Stock chart icon Iridium's year-to-date stock performance. Stock Chart Icon Stock chart icon Bristol-Myers' year-to-date stock performance.

Persons: I'm, Petroleo, it's, We're, Myers Organizations: Petroleo, Bristol, Myers, pharma Locations: America

☆ Lightning Round: Never buy a drug stock just for the yield, says Jim Cramer
▼ + stars: | 2023-10-23 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Never buy a drug stock just for the yield, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Fisker, AutoNation, Petroleo, Nu Holdings, Iridium and more.

Persons: Jim Cramer Organizations: Nu Holdings, Iridium

REUTERS/Paulo Whitaker/File Photo Acquire Licensing RightsMEXICO CITY, Oct 19 (Reuters) - Brazilian fintech Nubank's Mexico arm has requested a banking license from local regulators, the unit's top executive said on Thursday, describing it as a bid to broaden product offering. A banking license would allow Nubank to offer "diverse kinds of investments," including shares in Mexico's main stock index, the company said in a statement to Reuters. Other opportunities stemming from a banking license include handling direct deposits of salaries for customers and setting higher deposit limits, Nubank Mexico head Ivan Canales said in an interview. Canales did not provide a timeline for obtaining the license in what is Nubank's second-biggest market after Brazil. Funding for Nubank's expansion plans will come from parent company Nu Holdings (NUN.MX) and deposits made by their customers, said Canales.

Persons: Paulo Whitaker, Ivan Canales, Canales, Nubank, Valentine Hilaire, David Alire Garcia, Varun Organizations: REUTERS, MEXICO CITY, Reuters, Nu Holdings, Thomson Locations: Brazilian, Sao Paulo, Brazil, MEXICO, Mexico

LOS ANGELES (AP) — In 2019, when the K-pop group TOMORROW X TOGETHER (TXT for short) first debuted, they were best known as the first BigHit Entertainment boy band since BTS. This year, they became the first ever K-pop group to headline it, a few months after their album, "The Name Chapter: Temptation,” debuted at No. “Growing requires growing (through) pain all the time. “We take great value in working together with various artists,” Taehyun says of their global collaborations. “Because collaborating with different artists always inspires us and it pushes us forward.

Persons: Huening Kai, TXT, ”, Peter Pan, “, Taehyun, They've, Anitta, Jonas Brothers, ” Taehyun Organizations: ANGELES, —, Entertainment, U.S, Associated Press Locations: Chicago

☆ Warren Buffett's Berkshire Hathaway has likely scored a 93% gain on Nubank stock this year, making the crypto-friendly bank its best performer
▼ + stars: | 2023-10-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Berkshire Hathaway's best-performing stock this year is likely Nubank-owner Nu Holdings, up 93%. Apple stock is up this year, but other key Berkshire bets like Coca-Cola and Kraft Heinz are down. AdvertisementAdvertisementWarren Buffett's Berkshire Hathaway has notched a 93% gain on Nu Holdings since the start of January, likely making the Nubank owner the best performer in Berkshire's stock portfolio this year. Nubank shares have slid 13% from their IPO price fo $9 to trade at $7.84 as of Wednesday's close. Munger has hailed Sequoia as perhaps the "most remarkable investment firm in America" with "the best investment record of anybody."

Persons: Berkshire Hathaway's, Warren Buffett's, Kraft Heinz, —, Warren, Berkshire Hathaway, Berkshire hasn't, Buffett, Charlie Munger, Todd Combs, Ted Weschler, David Vélez, Munger, Sequoia Organizations: Berkshire, Nu Holdings, Apple, Kraft, Service, Bank of America, Sequoia Capital, Sequoia Locations: Berkshire, America, Sequoia

☆ Fact Check: Fact Check: FDA is not replacing salt with 'mRNA’ salt substitutes
▼ + stars: | 2023-10-10 | by ( Reuters Fact Check | ) www.reuters.com time to read: +4 min

Now he is trying to replace organic salt with a mRNA chemical laced inorganic synthetic salt substitute actually produced by the man himself Bill gates. Other ingredients in Morton salt substitute include fumaric acid, monocalcium phosphate and silicon dioxide. MRNA NOT AN INGREDIENTThe claim that common salt is being replaced with a “mRNA chemical laced inorganic synthetic salt substitute” is misleading. “In terms of how chemists use the words ‘organic’ and ‘inorganic’, both table salt (sodium chloride) and potassium chloride would be inorganic compounds as they lack carbon atoms." The FDA is not replacing salt with “mRNA fake salt.”This article was produced by the Reuters Fact Check team.

Persons: Bill Gates, Bill, ”, Morton, Christopher Simmons, Davis, ” Simmons, Melinda Gates, Gates, Vinod Khosla’s, Morton Salt, Read Organizations: U.S, Food, Drug Administration, Microsoft, Twitter, People’s, FDA, Gates, Reuters, Food Science, Technology, University of California, Melinda Gates Foundation, Khosla Ventures, Thomson

WASHINGTON (AP) — Defense department authorities say the remains of an Ohio sailor killed during the attack on Pearl Harbor, Hawaii, have been identified. The Defense POW/MIA Accounting Agency said Monday that Navy Seaman 2nd Class Stanley C. Galaszewski, 29, of Steubenville, Ohio, was one of 104 crewmen on the battleship USS California killed during the Dec. 7, 1941, attack. Unidentified remains were buried at the National Memorial Cemetery of the Pacific at Punchbowl in Honolulu. In 2018, the remains of 25 unknown casualties were exhumed and DNA and other evidence was used to identify the remains of Galaszewski, who officials said was accounted for in May. Political Cartoons View All 1190 ImagesGalaszewski will be buried Nov. 3 in Steubenville, Ohio.

Persons: Galaszewski Organizations: WASHINGTON, — Defense, Defense POW, Agency, Seaman, Stanley, Memorial, of, Pacific Locations: Ohio, Pearl Harbor, Hawaii, Steubenville , Ohio, California, Ford, Schofield, Punchbowl, Honolulu

☆ Here are Monday's biggest analyst calls: Tesla, Apple, Nvidia, Amazon, Microsoft, Block, Netflix & more
▼ + stars: | 2023-09-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan upgrades Tenable to overweight from neutral JPMorgan said the security software solutions company is "well positioned for better fundamentals." JPMorgan upgrades Nubank to overweight from neutral JPMorgan said it sees an attractive entry point for the Brazilian neobank company. JPMorgan downgrades Brunswick to neutral from overweight JPMorgan said higher interest rates will weight on the marine recreation company in the months ahead. Bank of America reiterates Nvidia as a top pick Bank of America said Nvidia shares remain "compelling" at current levels. " Bank of America initiates Raymond James as buy Bank of America said the financial services company is well positioned and has a defensive portfolio. "

Persons: Morgan Stanley, Tesla, Raymond James, RJF, Evercore, Redburn, Bob Iger, Johnson, Jefferies, Bernstein, Brown, Forman, Baird, it's Organizations: supercomputing, Investors, JPMorgan, TENB, Brazilian, Bank of America, CSX, of America, 3Q, JPMorgan downgrades, Nvidia, AMD, Barclays, UBS, Amazon, Netflix, Disney, Deutsche Bank, Deutsche, Citi, Microsoft Citi, Microsoft, Apple Locations: JPMorgan downgrades Brunswick, North America

A banner for Nubank, the Brazilian FinTech startup, hangs on the facade at the New York Stock Exchange (NYSE) to celebrate the company's IPO in New York, U.S., December 9, 2021. REUTERS/Brendan McDermid/File photo Acquire Licensing RightsMEXICO CITY, Sept 5 (Reuters) - Nubank, one of Latin America's biggest fintech companies, announced on Tuesday the launch of personal loans for the Mexican market, aiming to boost its financial services portfolio in the region's second-largest economy. The new product will allow customers to obtain personal loans in less than five minutes through its platform, the digital bank's Mexican arm, known as Nu Mexico, said in a statement. "Around 20% of the adult population connected by smartphones in Mexico has already applied to a Nu product. Executives from the fintech firm told Reuters last month Mexico is the market showing more potential for growth, and the company is ready to roll out products at a faster pace next year.

Persons: Brendan McDermid, Ivan Canales, Brazil's Nubank, Valentine Hilaire, Sandra Maler Organizations: New York Stock Exchange, REUTERS, Reuters, Thomson Locations: New York, U.S, MEXICO, Mexico

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