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MGI Concurs With UK Court's Ruling to Invalidate Illumina's Patent

/PRNewswire/ -- MGI, a subsidiary of BGI Group, announces today an official statement in response to the ruling of the Patents Court within the High Court of...

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Walmart Stock Is Rising After Launching a Fintech Start-up


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Walmart said it’s forming a start-up with Ribbit Capital to offer affordable financial services for customers and employees.
Nicholas Kamm/AFP via Getty Images
Walmart
is diving into the fintech space, and it’s teaming up with one of the venture-capital firms behind Robinhood.
The retail giant said it’s forming a start-up with
Ribbit Capital
to offer affordable financial services for customers and employees. It will be majority-owned by Walmart and include two of its executives on its board, along with
Meyer Malka,
managing partner of Ribbit Capital, and industry experts.
Ribbit’s portfolio includes retail investing app Robinhood, credit score monitor Credit Karma, and payment plan firm Affirm. Walmart said the service, which hasn’t been named publicly, will combine its retail expertise with Ribbit’s fintech know how.

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Mexicans in U.S. Sent Record Remittances Despite Covid-19 Pandemic

The jump in payments to relatives back home illustrates the resilience of the U.S. economy despite shutdowns imposed to fight the pandemic.

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