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☆ What Cramer is watching Tuesday — market extremely oversold, new signs of housing slowdown
▼ + stars: | 2022-09-27 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Counterintuitive: Raymond James says buy homebuilder Lennar (LEN), raises price target to $90 per share from $75, despite surging mortgage rates. Morgan Stanley slashes price target on FedEx (FDX) in half to $125 per share. Citi put Dow stock McDonald's (MCD) on a "negative catalyst watch" and lowers price target to $246 per share from $275. Deutsche Bank raises PepsiCo (PEP) price target to $181 per from $179; keeps hold rating ahead of third-quarter results next month. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ GCash, other Asian e-wallets to expand into S.Korea with Ant's Alipay+
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/BEIJING, Sept 26 (Reuters) - Ant Group (688688.SS) said on Monday it would help four Asian e-wallets, including the Philippines' GCash and Malaysia's Touch'n Go expand into South Korea with its cross-border payment service Alipay+, as travel restrictions begin to lift across Asia. Launched in 2020, Alipay+ provides services and technology tools to global merchants and e-wallets that enable them to offer their users the ability to make payments in overseas markets with their local e-wallets. Earlier this month, south korea ended pre-departure COVID-19 test requirement for overseas travellers, in step with Japan and other countries that also removed it. In June, Alipay+ had enabled Malaysia's Touch'n Go users to pay with the e-wallet in Singapore. Register now for FREE unlimited access to Reuters.com RegisterReporting by Yingzhi Yang and Brenda Goh; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ Mizuho downgrades Block, says bitcoin fixation causing company to lose ground on core business
▼ + stars: | 2022-09-22 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Block has enormous potential in payments that it's not cashing in, according to Mizuho. The firm downgraded shares of the company to neutral from buy and slashed its price target to $57 from $125. Bitcoin accounted for less than 5% of gross profits in the first half of 2022, according to the note. Cash app is seeing lower growth due to over-saturation in low-income households, lower penetration in key age groups, slowing adds despite doubling user acquisition costs and lower monetization. Afterpay is also seeing slowing credit volumes, a worrisome trend that also led Mizuho to cut its gross profit expectations by 20% for the segment.

☆ Staffers say Goldman Sachs CEO David Solomon has asked them to help with his DJ account
▼ + stars: | 2022-09-22 | by ( Lisa Ryan | ) www.businessinsider.com time to read: +4 min

David Solomon is working hard to build up David Solomon. On a Friday in late July, the Goldman Sachs CEO boarded the company's Gulfstream G650 for Chicago. And that's the latest in a string of actions showing the intertwining interests of David Solomon the CEO and chairman and the interests of Goldman Sachs itself, my colleague Dakin Campbell reports. Staffers say they've been asked to help with his DJ account and they've noted a new emphasis on sports endorsements. Millennium Management tapped Goldman Sachs alum Olga Naumovich to build out its Miami tech hub.

☆ Stash just revamped its tech and announced new partnerships with Mastercard and Marqeta as the fintech looks to stand out in a crowded field
▼ + stars: | 2022-09-21 | by ( Carter Johnson | ) www.businessinsider.com time to read: +5 min

Stash announced Wednesday the launch of a new core banking system and a refreshed debit card. CEO Brandon Krieg told Insider 'Stash Core' will make it easier to develop new products. The startup inked new partnerships with Mastercard, Stride Bank, Marqeta, and other fintech names. For Stash, a fintech built on both deposit banking and investing rails, that has led to an overhaul of the fintech's financial infrastructure and a host of new partnerships. On Wednesday, Stash announced the launch of Stash Core, a new banking system that Brandon Krieg, Stash's cofounder and CEO, said amounts to a rebuild of the startup's back-end tech stack.

☆ Inside how Cash App is redefining company merch with an in-house fashion line that includes $300 ponchos and handmade crochet cardigans
▼ + stars: | 2022-09-21 | by ( Asia Martin | Carter Johnson | ) www.businessinsider.com time to read: +7 min

Cash App launched a new clothing brand, Cash by Cash App, during the pandemic. In a bid to stand out in a crowded payments market, Cash App launched a fashion brand, Cash by Cash App, in 2020.he line initially offered athleisure styling amid the pandemic. Then, last November, Cash App worked with rapper Megan Thee Stallion on an outside, limited-edition collection that Liang Shi, head of Cash by Cash App said sold out of the few hundred units created. Three women model Cash App robes and Fenty Beauty leisure wear at Afterpay, Cash App & Tidal's Front Row To NYFW Party on September 13, 2022, in New York City. Cash App's Ferdon said that Cash by Cash App "is pretty well integrated" into the company's broader payments "ecosystem."

☆ Walmart's secretive fintech ONE is the new disruptor in consumer banking, and the retailer has nabbed talent from Wall Street mainstays like Goldman Sachs.
▼ + stars: | 2022-09-20 | by ( Aaron Weinman | ) www.businessinsider.com time to read: +5 min

In January last year, the retailer said it was pursuing a partnership with venture-capital firm Ribbit Capital, which backed Robinhood. The next month, Walmart lured Omer Ismail and David Stark, two executives from Goldman Sachs' Marcus, over to work on a fintech initiative. Insider's Ann Gehan, Carter Johnson, and Ben Tobin have identified the key people shaping this effort at its fintech called ONE. Done deals :Acrisure, a fintech company that operates an insurance broker and real-estate services company, has acquired B2Z Insurance. Aditxt, a biotech company developing tech around monitoring the immune system, raised $20 million after selling 3.33 million shares on Nasdaq.

Leadership has come to ONE from firms like Goldman Sachs, Apple, and Lyft. Meet the 13 key leaders manning the helm of ONE, from C-suiters to product-and-engineering talent. Legacy banks are also increasingly responding to the threat from fintech startups with varying levels of success. From JPMorgan Chase and Bank of America to Marcus, top financial firms have revamped digital offerings throughout the pandemic and emphasized tech-forward approaches. The departures of key executives leading these changes, then, can have consequences for incumbent players.

☆ Another big rate hike is coming. Lather. Rinse. Repeat
▼ + stars: | 2022-09-18 | by ( Paul R. La Monica | Cnn Business | ) edition.cnn.com time to read: +6 min

As such, experts' forecasts for the Fed's key short-term rate after the November meeting range from 3.5% to 4%. In other words, the Fed's rate hikes could ultimately lead to the economy cooling off more than the central bank would like. Too many big rate hikes risk "sending the economy into a mild recession," Chubb said. What's more, other central banks, mainly the European Central Bank, are likely to step up the pace and size of rate increases as well. "Major central banks still have work to do on inflation, including the Fed and the ECB.

☆ Block's Cash App Pay expands to outside retailers and payment processors as company targets 'superapp' status
▼ + stars: | 2022-09-16 | by ( Ann Gehan | ) www.businessinsider.com time to read: +7 min

Cash App has expanded its Cash App Pay feature beyond the Square network for the first time. Cash App has taken another step toward becoming a "superapp" by extending its Cash App Pay feature to more e-commerce merchants and an additional payments processor, the company told Insider. With Cash App Pay, users can make online purchases using their Cash App balance by selecting the payment option at checkout on a retailer's website. Retailers including American Eagle, Aerie, and JD Sports will now adopt Cash App Pay as an option for e-commerce payments. There's upside for Cash App as well — by expanding Cash App Pay's availability, Cash App can reach more users, as well as strengthen engagement with existing ones.

☆ Evercore ISI downgrades Block to underperform and slashes price target, citing growing headwinds in payments
▼ + stars: | 2022-09-14 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Increased competition Competition in the payments space is heating up and could be a headwind for Block. In addition, given expectations for a U.S. economic slowdown, Evercore ISI now sees Block's profit growth rate continuing to decline from the second half of this year through 2024. "While cross-selling Afterpay within Seller and Cash App should help, these headwinds should sustain through 2023E," Togut said. "2022E-2024E, we forecast Afterpay's gross profit growth rate will average 13%, down from 83% and 72% in 2020 and 2021, respectively." Cash App is a different story, as Evercore ISI sees it growing gross profit in the coming quarters by utilizing new products and cross-selling.

☆ How Jay-Z and Jack Dorsey's Bitcoin Academy provides financial inclusion and breaks down barriers of inequity
▼ + stars: | 2022-09-07 | by ( John Lynch | ) www.businessinsider.com time to read: +16 min

Insider profiled Jay-Z and Jack Dorsey's Bitcoin Academy at the conclusion of its program for Marcy Houses in Brooklyn. For Marcy resident Mariela Regalado, The Bitcoin Academy represented a continuation of an altruism she had seen from Jay-Z firsthand. Lamar Wilson teaching at The Bitcoin Academy. Following the conclusion of its summer courses at Marcy Houses, The Bitcoin Academy is "looking to expand to other neighborhoods soon," the program said. The over 350 people who attended The Bitcoin Academy classes let us know that this education is important to them - and that it matters.

☆ Say goodbye to paper money — banks are quietly working to get rid of cash
▼ + stars: | 2022-06-14 | by ( Brett Scott | ) www.businessinsider.com time to read: +15 min

A payments system without cash is one dependent on banks that are prone to financial crises, systems failure, and cyberattacks. The digital chips promise you government-issued dollar bills, and that promise is empty if you can't get those from the ATM. Despite how crucial it is to maintain an inclusive, multimodal payments system with nonbank and non-digital options, our payments system is being driven toward a monoculture. Ads for digital payments don't say, "Enjoy the speed, convenience, surveillance, cyber-hacking, exclusion, and critical infrastructure weaknesses that our platform brings," yet that is what lies beneath the surface-level slickness of digital payments. The world's most vulnerable people rely on the already existing, physical cash system, and our priority should be to protect that system.

☆ Jack Dorsey's Cash App wants to become a super app — and is aggressively integrating buy now, pay later service Afterpay into its ecosystem to get there
▼ + stars: | 2022-05-18 | by ( Ann Gehan | ) www.businessinsider.com time to read: +6 min

"Afterpay can help transform Cash App into a super app," Molnar said. Block estimates only around 6% of current Cash App users are also Afterpay users, meaning over 75 million Cash App users are potential new Afterpay customers. Other significant developments include the addition of an Afterpay shopping and browsing feature to Cash App and the integration of Afterpay account management capabilities into Cash App. The Cash App and Afterpay integrations will extend to e-commerce checkout, where Afterpay sellers will now be able to accept Cash App Pay as a form of payment. A slide from Block's 2022 investor day presentation lays out a plan for integrating Cash App, Afterpay, and Square.

Persons: Cash, Brian Grassadonia, Cash App's, Afterpay cofounders, Nick Molnar, Anthony Eisen, Alyssa Henry, Jack Dorsey, Molnar, Afterpay, Block's, Grassadonia, there's, Eisen, Block, PYMNTS, Omar Ismail, Goldman Sachs, David Stark Organizations: Block, Business, Cash, Dick's Sporting Goods, PayPal, Klarna, Walmart

Prepaid debit cards or gift cards are easy ways to send money to someone without a bank account. You can also easily send money online through a virtual wallet or payment app. Prepaid debit cards serve as common tool for sending money since they are easily activated and work similarly to regular debit cards. If you are looking for a more traditional way of sending money, Cheng notes you can get a money order instead. If you'd also like to help an unbanked person find a bank account, here are a few resources you may share:

Persons: Marguerita Cheng, Cheng, Venmo, you'll, You'll, you'd Organizations: Service, FDIC, CFP, Blue, PayPal, Venmo, Western, Apple, Samsung Locations: Wall, Silicon, Western Union

☆ A landlord who owns and manages 16 units shares 'the binder strategy' he uses to set rent prices — and it involves asking tenants to increase their own rent
▼ + stars: | 2022-03-29 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

His "binder strategy" involves including tenants in the conversation about their rent price. He educates tenants on area average rent prices and then asks them what they think they should pay. He calls it the "binder strategy," and it involves his tenants setting their own price. That's where his "binder strategy" comes into play. His tenants in both units were paying about $1,100, but the area average rents were closer to $1,600, he said.

☆ Block CFO Amrita Ahuja breaks down the company's long-term growth strategy and how it positions itself for success
▼ + stars: | 2021-12-14 | by ( Lily Katzman | ) www.businessinsider.com time to read: +6 min

Its CFO, Amrita Ahuja, told Insider about how cryptocurrency is influencing its financial growth. Block is a global technology company focused on financial services that includes the digital payments company called Square. This is positive news for Block Chief Financial Officer Amrita Ahuja. Ahuja said this financial statement put Block in a position for long-term success. This is in addition to the development of Block hardware wallet, a product that Block says will normalize bitcoin storage.

In that environment, crooks were easily able to impersonate jobless Americans using stolen identity information for sale in bulk in the dark corners of the internet. When Yvonne Matlock lost her job last year and applied for unemployment benefits online, she was told she was already getting relief money. Through a public records request, NBC News obtained data from the Labor Department, which funds Covid relief unemployment benefits programs, that are riddled with blank values and underestimates. ID.meMore than two-thirds of states, 34, reported no cases of identity theft overpayments in the most vulnerable unemployment benefits program. Cash App, which describes itself as "the easiest way to send money, spend money, save money, and buy cryptocurrency," has been frequently used by fraudsters to move money, law enforcement officials and private consultants said.

☆ Apple a publicat topul celor mai populare aplicații pentru iPhone, iPad și Mac în 2020
▼ + stars: | 2020-12-02 | by ( Onixmedia Srl | ) diez.md time to read: +1 min

Apple a anunțat care au fost cele mai bune aplicații de pe App Store, în anul 2020, de pe toate categoriile de dispozitive pe care le deține. Potrivit clasamentului, cea mai populară aplicație în 2020 a fost Wakeout! – Active breaks. Vezi mai jos tot clasamentul. # Cele mai bune aplicații de pe App Store în 2020# Aplicația anului pentru iPhone: Wakeout!

Organizations: Apple, App, Mac, Amazon, Google, Samsung

☆ Wealthfront's cash account now has a debit card and direct deposit, making it more like a hybrid checking and savings account
▼ + stars: | 2020-06-29 | by ( Laura Grace Tarpley | Personal Finance Reviews Editor | Read More | ) www.businessinsider.com time to read: +7 min

Use as both a savings and checking account Check mark icon A check mark. Access to a debit card Check mark icon A check mark. Mobile check deposit Check mark icon A check mark. Read our review Read Our Review A looong arrow, pointing rightA Wealthfront Cash Account will include a debit card and direct depositsHere are the new features available to people with a Wealthfront Cash Account:A debit card. Your Wealthfront Cash Account acts as a hybrid savings/checking accountWealthfront's new features give you the ability to use a Wealthfront Cash Account as both a savings and checking account.

You can instantly add either a credit or debit card to your Cash App account if you already have a bank account linked to your account. Here's how to add a debit card to your Cash App account. Tap "My Cash" to add a debit card to your Cash App account. After you enter in all of your card information, click "Add Card" to add it to your Cash App account. Enter in your card information, then press "Add Card" to add the credit or debit card to your Cash App account.

You can refund a payment on the Cash App in about 10 seconds with five taps on your screen. Money refunded on the Cash App will be returned to the same source it came from, be it a bank account, credit card, or a Cash App balance. Peer-to-peer Cash App refunds are instant, although refunds from merchants may take up to 10 days. As easy as it is to send someone money on the Cash App, it's just as easy to refund that cash. Hit "OK."For information on how to request a refund, read our article, "How to receive money from Cash App in 2 different ways."

Cash App makes it easy for peer-to-peer money transactions, but said transactions can't come from just any payment method. At this time, for example, Cash App does not allow you to use a prepaid card to add funds to your account. Check out the products mentioned in this article:You can't use a prepaid card on Cash App — here's how to add a bank account or accepted card1. Tap "Add Bank" and then enter your debit card information to add the card and your linked bank account. Steven John/Business InsiderAfter adding a bank account or debit card to the app, you can then add a credit card or another regular (non-prepaid) debit card to your Cash App account.

You can increase your Cash App transaction limit by verifying your account in the app. A basic Cash App account has a weekly $250 sending limit and a monthly $1,000 receiving limit. Increasing your Cash App limit requires you to submit your full legal name, the last four numbers of your social security number, and your date of birth. How to increase your Cash App limitIf you want to upgrade your basic, non-verified Cash App account and increase your limits, you can easily do so in the app. To increase your Cash App limit, just try to surpass it.

Fortunately, Cash App allows iOS users to integrate with Apple Pay — but only if you have a Cash Card, the app's free debit card. Here are two different ways to connect your Cash Card to Apple Pay, either through Cash App or Apple Wallet. How to add Cash App to Apple Pay through your Cash Card1. Tap on Cash Card, then select the image of your Cash Card. Taylor Lyles/Business InsiderHow to add your Cash Card to Apple Pay through Apple Wallet1.

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