Square to Buy Installment Payment Firm Afterpay in $29B Deal
Digital payments company Square Inc. says it has agreed to acquire Afterpay, which provides a “buy now, pay later’’ option for merchants, in an all-stock deal valued at about $29 billion.
Digital payments company Square Inc. says it has agreed to acquire Afterpay, which provides a “buy now, pay later’’ option for merchants, in an all-stock deal valued at about $29 billion.
Exxon Mobil swung back to a second-quarter profit as demand for fuel recovered from lows reached earlier in the pandemic.
Wages and salaries rose at a healthy pace in the three months ended in June as employers competed to find enough workers to fill millions of available jobs.
Caterpillar’s revenue climbed in the second quarter as the machinery company experienced increased demand for its equipment and dealer inventories improved.
The U.S. economy contracted by a slightly smaller amount last year than previously reported and grew slightly more in 2019 and slightly less in 2018.
The world’s return to almost normalcy is slowing down Amazon’s pandemic-induced sales surge.
French-Dutch airline group Air France-KLM says that the “first signs of recovery are visible” in bookings amid easing pandemic travel restrictions.
Luxury brands Audi and Porsche are fattening the bottom line at German automaker Volkswagen.
Concerns about a revenue growth slowdown pushed Facebook’s shares lower in after-hours trading Wednesday, not long after the company reported that its second-quarter profits doubled thanks to a massive increase in advertising revenue.
Boeing reported its first quarterly profit since 2019 and its revenue topped expectations as the giant aircraft maker tries to dig out from the most difficult stretch in its history.