The stock market is at a crossroads between recent economic data that has surprised to the upside, plans for new rounds of monetary and fiscal stimulus and the coronavirus resurgence both domestically and internationally.
What happened
It was a volatile day for shares of Brazilian payments company StoneCo (NASDAQ: STNE). After starting the day 6% higher, the stock temporarily plummeted into negative territory. As of 2 p.m. EDT on Tuesday, it was only up 1%.
Visa (NYSE: V) announced Monday that its technology has been selected for a new peer-to-peer (P2P) payments system in Facebook's (NASDAQ: FB) popular WhatsApp messaging software in Brazil.
Facebook's (NASDAQ: FB) efforts to monetize WhatsApp -- the messaging app it paid $19 billion for in 2014 -- have been delayed and rethought several times over by CEO Mark Zuckerberg and his management team. Plans to place advertisements in WhatsApp Status were suspended earlier
LONDON/NEW YORK (Reuters Breakingviews) - Big Tech investors have historically brushed off the threat from Margrethe Vestager, the European Commission’s antitrust tzar who wants to reduce U.S. behemoths’ digital dominance. The combined market value of Apple, Amazon.c
Shopify (NYSE: SHOP) is on a roll. Just weeks after announcing a deal to help power the back-office needs of Facebook's (NASDAQ: FB) new Shops platform, the e-commerce management provider has now inked a deal with Walmart (NYSE: WMT). Merchants utilizing Shopify's platform can n
Most Americans do not trust social media companies to make the right decisions about what should be allowed on their platforms, but trust the government even less to make those choices, according to a poll released on Tuesday by Gallup and the Knight Foundation.
The coronavirus outbreak has prompted a significant increase in news consumption but the economic turmoil is forcing news businesses to accelerate their move to digital, The Reuters Institute for the Study of Journalism said.
Amazon (NASDAQ: AMZN) CEO Jeff Bezos is open to discussing the e-commerce giant's business practices before Congress, reported The Wall Street Journal.
Facebook (NASDAQ: FB) is bringing digital payments to Brazil via its WhatsApp messaging platform in what is the social media giant's first major push into the market after months of trials and tests.
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