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Checkout.com triples valuation to $5.5 billion, making it one of Europe’s top fintechs

Checkout.com triples valuation to $5.5 billion, making it one of Europe’s top fintechs

Finance
The logo for payments start-up Checkout.com.Checkout.comOnline payments start-up Checkout.com has raised $ 150 million in funding at a $ 5.5 billion valuation — nearly three times what it was worth when it last raised cash.Founded in 2012, the London-based company sells a software platform that makes it easier for businesses to process and take payments over the web. It competes with the likes of U.S. firm Stripe and Dutch processor Adyen.Checkout.com mostly flew under the radar until 2019, when it tapped external investors for the first time to raise a $ 230 million Series A round. That deal —reportedly agreed over "handshakes" rather than term sheets — gave the firm the coveted status of "unicorn," with a $ 2 billion valuation.Since then, the company has achieved impressive growth, incre
Stocks making the biggest moves after hours: PVH, Adobe, Lululemon and more

Stocks making the biggest moves after hours: PVH, Adobe, Lululemon and more

Finance
People walk past the Calvin Klein store at the Woodbury Common Premium Outlets Mall on October 21, 2017 in Central Valley, NY.Gary Hershorn | Getty ImagesCheck out the companies making headlines after the bell.Adobe — The software company's stock rose 4% in extended trading after Adobe ptovided its second-quarter earnings. Adobe reported earnings of $ 2.45 per share excluding some items with revenue of $ 3.13 billion, while analysts estimated earnings of $ 2.33 per share on revenue of $ 3.16 billion, according to Refinitiv. "The tectonic shift towards 'all things digital' across all customer segments globally will serve as a tailwind to our growth initiatives as we emerge from this crisis," said president and CEO Shantanu Narayen in a company statement when referring to the
Companies are making bold promises about greater diversity — there’s a long way to go

Companies are making bold promises about greater diversity — there’s a long way to go

Finance
As protests sweep the nation, more and more companies are releasing statements and announcing initiatives aimed at promoting diversity and inclusion within their walls. Whether these promises lead to tangible outcomes remains to be seen, especially since corporations are not presently required to disclose statistics on employee make-up, which makes tracking broad progress difficult at best.The data that has been collected through surveys paints a picture of just how far things need to change before companies are truly representative of the makeup of society at large, and before salaries are comparable across categories like gender, race, ethnicity and sexual orientation.Much attention has been given in recent years to the lack of diversity on corporate boards, which has forced companies to...
Stocks making the biggest moves after hours: Tractor Supply Company, Disney, Novavax and more

Stocks making the biggest moves after hours: Tractor Supply Company, Disney, Novavax and more

Finance
An empty road leads into a deserted Disney resort after it was closed due to the COVID-19 pandemic in Kissimmee, Florida on May 5, 2020.Daniel Slim | AFP | Getty ImagesCheck out the companies making headlines after the bell.Tractor Supply Company — The farm supplies retailer's stock shot up 7% in extended trading after the company provided its financial outlook for the second quarter of 2020 at a time when many companies are withdrawing guidance. Tractor Supply said it expects "record-breaking" sales and earnings, as well as comparable-store sales growth of 20% to 25%. The company's stock is up 46% since March 16 and has been the best-performing retailer in the S&P 500 during that time. Disney — The entertainment giant's stock climbed 1% in extended trading after the company
If you’re making more on unemployment than working it may mean less help with health insurance premiums — and a tax bill

If you’re making more on unemployment than working it may mean less help with health insurance premiums — and a tax bill

Finance
Medical workers transport a patient outside a special Covid-19 area at Maimonides Medical Center in Brooklyn, New York, on May 17.Johannes Eisele | Getty ImagesIf you're collecting more on unemployment than what you earned while working, it could affect how much you pay for health insurance.For households that bought coverage through one of the health exchanges and get advance tax credits to reduce thier premiums, those federal subsidies are based on the annual income you estimated when you chose your plan. And if that amount gets pushed higher unexpectedly, you could face a tax bill next spring when you file your 2020 return."If their income is a lot more than they estimated, they'll have to pay back some or all of the subsidies," said Karen Pollitz, a senior fellow with the Kaiser Family...