Future of Finance

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PayPal turned down $53bn, and pointed to a beat and a $70 target

PayPal finally addressed the $53bn offer sitting on its table. Its answer was: not at that price. The company gave its first public response on Tuesday’s Q2 earnings call, alongside a beat. Chief executive Enrique Lores would not comment on Stripe and Advent’s bid directly. He said only that PayPal would “carefully consider” any path […]

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Apple raised its prices, then offered to rent you the phone instead

Apple has a new answer to the complaint that its products cost too much. Do not buy them. Lease them. On Tuesday the company launched Apple Upgrade in the US, a leasing programme run by the buy-now-pay-later firm Klarna. It covers the iPhone, Apple Watch, Mac and iPad, and it starts at $17.99 a month […]

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X Money can cut off your account over what you post

X Money went live on Monday. Buried in its support pages is a rule that no ordinary bank applies to a current account. “If your X account is suspended for violating Child Safety or Violent and Hateful Entities policies, you will lose Money access,” the company FAQ states. Any remaining balance “will be mailed to […]

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New ‘Ex-Elon’ ETFs let investors track the market while skipping Musk’s companies

An investment firm is offering a way to invest in the broad market without owning Elon Musk’s companies. New York-based Subversive ETFs has filed with the SEC for two “Ex-Elon” funds, Bloomberg reports. One fund tracks the Nasdaq-100 and the other the S&P 500. Both exclude any company “founded, controlled or led by” Musk. The products […]

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Visa, Mastercard and 140 firms launch Open USD, a stablecoin built to undercut Circle

Aconsortium of more than 140 financial and technology companies, among them Visa, Mastercard, Stripe and Coinbase, launched a new dollar-pegged stablecoin on Tuesday called Open USD. The venture, run by an independent company named Open Standard, is a direct swipe at the economics that have made Circle and Tether the dominant issuers in the sector. […]

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The American dream is ‘very dead’ for young Americans, says Mrs. Dow Jones

The American dream is “very dead” for millennials and Gen Z, according to financial influencer Haley Sacks, better known as Mrs. Dow Jones. In an interview with Business Insider, Sacks argued that traditional markers of middle-class success, homeownership, stable careers, retirement savings, have become functionally inaccessible to younger Americans, pushing them toward gambling and side […]

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Coutts raised its minimum to £3 million. Revolut just set its at £500,000. The mass-affluent gap is the point.

  Revolut is planning to launch a private banking unit in the United Kingdom and parts of Europe as soon as this summer, according to a person with knowledge of the matter. The eligibility threshold is 500,000 pounds, roughly 675,000 dollars. Coutts, the private bank owned by NatWest that has served the British establishment since […]

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Coutts raised its minimum to £3 million. Revolut just set its at £500,000. The mass-affluent gap is the point. Read More »

Xero partners with Anthropic to put small business finances inside Claude

Xero, the New Zealand-founded accounting platform used by 4.6 million subscribers worldwide, announced on Wednesday a multi-year partnership with Anthropic that will embed Claude directly into its product and, more unusually, bring Xero’s financial data into Claude.ai itself. The deal means small business owners will be able to ask Claude questions about their cash flow, […]

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Clarity as strategy

CuraeSoft, a software studio developing practical solutions for professional services firms, observes that among growing consultancies and service-based organizations, many leaders operate without clear visibility into the profitability of their work. Given this context, the company developed coAmplifi Pro, a platform designed to bring greater transparency to service delivery and help organizations connect operational activity […]

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