Reuters • 17th November 2022

Visa promotes McInerney to CEO as Kelly moves to board

Nov 17 (Reuters) - Visa Inc (V.N) on Thursday named its president, Ryan McInerney, as its new chief executive officer to steer the company through a challenging period for the payments industry as consumers tighten their belts.

McInerney will take the helm in February, replacing Alfred Kelly Jr, who has been CEO since 2016.

Sharply higher prices for everyday goods have squeezed consumers in recent months, clouding the outlook for payments companies for next year.

"Ryan's challenge as a CEO du

Reuters • 3rd November 2022

NYSE-parent ICE beats profit estimates, takes $1.1 bln writedown

Nov 3 (Reuters) - Intercontinental Exchange (ICE.N) topped market estimates for third-quarter profit on Thursday on the back of robust trading volumes and demand for investment products, sending shares of the New York Stock Exchange-parent up more than 4%.

Even as a global market rout saps the appetite for deals forcing companies to delay their stock market listings, it has also led to a surge in trading volumes across asset classes as investors rejig portfolios to hedge against risk.

Still, I

Reuters • 18th October 2022

Choppy markets likely to boost profit for U.S. exchange operators

Oct 18 (Reuters) - Heightened market volatility could prove to be a boon for U.S. exchange operators as higher trading volumes during their third quarter help offset a hit from fewer stock listings so far this year.

Nasdaq Inc () will kick off the reporting season for the operators on Wednesday for the three months during which the Cboe Volatility Index (<.VIX>), known as "Wall Street's fear gauge", had touched a more than three-month high.

"Counter-cyclical nature of exchange business

Reuters • 14th October 2022

Morgan Stanley profit misses estimate as deals drought extends

Oct 14 (Reuters) - Morgan Stanley (MS.N) on Friday reported a 30% slump in third-quarter profit, missing analysts' estimate as a slowdown in global dealmaking hurt its investment bank business, sending its shares down nearly 4% in morning trading.

The outlook for deals has steadily worsened this year as the U.S. Federal Reserve raised benchmark rates to tame inflation, clouding the economic growth forecast, while the highs of a record last year drew tough comparisons.

Chairman and Chief Execut

Reuters • 13th October 2022

BlackRock assets fall below $8 tln, profit beats on strong ETF demand

Oct 13 (Reuters) - BlackRock Inc (BLK.N) posted a smaller-than-expected drop in quarterly profit on Thursday as strong demand for exchange-traded funds and other low-risk products cushioned the hit to fee income from a global market rout, but its assets under management fell below expectations.

The threat of a recession, surging interest rates and the Ukraine crisis have slammed both bonds and stocks this year, keeping investors on the back foot in a blow to businesses such as BlackRock. Global

Reuters • 3rd October 2022

Kim Kardashian pays $1.26 million fine for paid crypto ad, SEC says

WASHINGTON, Oct 3 (Reuters) - Kim Kardashian has promoted everything from appetite-suppressing lollipops to melon-flavored liqueur to toilet paper, but it was her foray into the murky world of cryptocurrencies that got her into hot water.

The reality television star and influencer has agreed to settle charges of unlawfully touting a crypto security and to pay $1.26 million in penalties and fees, the U.S. Securities and Exchange Commission said on Monday.

Kardashian, who has 330 million followe

Reuters • 9th August 2022

Dreaded 'down rounds' shave billions off startup valuations

[1/3] U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Aug 9 (Reuters) - Several high-flying startups are being brought down to earth, as a recent carnage in global equity markets and lackluster demand for new listings force companies to raise funds at a substantial discount to their sky-high valuations.

Easy money from venture capital dealmaking is fast evaporating in an inflation-induced high interest-rate environmen

Reuters • 4th May 2022

NYSE-owner ICE to buy Black Knight in $13.1 bln deal

[1/2] A screen displays the ticker symbol and logo for Intercontinental Exchange Inc. (ICE) on the floor of the New York Stock Exchange (NYSE), March 1, 2016. REUTERS/Brendan McDermid

May 4 (Reuters) - New York Stock Exchange-parent Intercontinental Exchange (ICE.N) said on Wednesday it will acquire Black Knight (BKI.N) in a deal valuing the mortgage-lending software and data analytics firm at $13.1 billion.

ICE's cash-and-stock offer of $85 per share is a premium of nearly 34% to Black Knight

Reuters • 26th April 2022

Visa allays slowdown fears as strong consumer spending lifts quarter

April 26 (Reuters) - Visa Inc (V.N) said on Tuesday it expects revenue to accelerate past pre-pandemic levels, reassuring investors of a sustained recovery against the backdrop of challenging macroeconomic conditions and sending its shares 5% higher in extended trading.

The forecast from the world's largest payments processor followed an upbeat quarter fueled by a rebound in consumer spending as easing pandemic restrictions and falling COVID-19 cases encouraged more people globally to travel an

Reuters • 7th March 2022

EXCLUSIVE NFT startup Immutable valued at $2.5 billion in Temasek-led financing

March 7 (Reuters) - Australian NFT startup Immutable has raised fresh funding from investors led by Singapore's Temasek in a round that values it at $2.5 billion, the company said on Monday, as it taps a surge in interest in cryptocurrency and NFT ventures.

Investors in the $200-million funding round include Mirae Asset, ParaFi Capital, Declaration Partners, Tencent Holdings and others, Immutable said.

The company had raised money at a valuation of $410 million in its previous funding round in