Walmart-backed fintech OnePay is bringing crypto to its banking app, sources say

Walmart-backed fintech OnePay is bringing crypto to its banking app, sources say


Key Points
  • OnePay, the fintech firm majority-owned by Walmart, will soon offer cryptocurrency trading and custody on its mobile app, CNBC has learned.
  • OnePay will offer customers access to bitcoin and ether later this year with help from the startup Zerohash.
  • By allowing OnePay users to hold bitcoin and ether in their mobile app, customers could presumably convert their crypto into cash and then use those funds to make store purchases or pay off card balances.



Source

Michael Burry buys the dip in Salesforce and other software stocks after AI-fueled sell-off
Finance

Michael Burry buys the dip in Salesforce and other software stocks after AI-fueled sell-off

Famed investor Michael Burry is wading back into beaten-down software stocks, betting the recent sell-off was driven more by technical factors than deteriorating business fundamentals. The “Big Short” investor said in a Wednesday Substack post that a “reflexive positive feedback loop” between falling equity prices and stress in bank debt tied to software companies helped […]

Read More
Retail traders pile into Allbirds after odd AI pivot. History shows it won’t end well
Finance

Retail traders pile into Allbirds after odd AI pivot. History shows it won’t end well

Key Points Retail investors were quick to embrace Allbird’s shocking pivot into AI. Net purchases hit a record $5.2 million in a single day, surpassing even demand seen during the company’s 2021 IPO. “The market is not pricing risk. It is pricing narrative,” said Mark Malek, CIO at Siebert Financial. Source

Read More
Stocks making the biggest moves premarket: PepsiCo, Taiwan Semiconductor, Voyager Technologies, PPG & more
Finance

Stocks making the biggest moves premarket: PepsiCo, Taiwan Semiconductor, Voyager Technologies, PPG & more

Check out the companies making the biggest moves in premarket trading: PepsiCo — The snack and beverage giant posted first-quarter results that beat analyst expectations, sending the stock 1% higher. PepsiCo earned an adjusted $1.61 per share on revenue of $19.44 billion. Analysts polled by LSEG expected a profit of $1.55 per share on revenue […]

Read More