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Fintech start-up Stripe notches eye-popping $35 billion valuation after new funding round

Fintech start-up Stripe notches eye-popping $35 billion valuation after new funding round

Finance
Fintech company Stripe is climbing the ranks of the most valuable Silicon companies.Stripe, a San Francisco-based payments company that competes with Jack Dorsey's Square, announced an additional $ 250 million funding round on Thursday, bringing its valuation to an eye-popping $ 35 billion. Venture capital firms Sequoia, Andreessen Horowitz General Catalyst, among other investors, participated in the equity round.The company makes software that allows businesses to accept payments over the internet. Stripe processes payments for a long list of companies, including Airbnb, Lyft and Shopify.It has been one of the most popular venture investments in Silicon Valley as consumers overwhelmingly move to online payments. Its major backers include Peter Thiel, Elon Musk, Google's venture arm Capita...
S&P 500 share index notches up record-breaking winning streak

S&P 500 share index notches up record-breaking winning streak

Business
The S&P 500 share index, which tracks the 500 biggest public companies in America, has hit a new milestone.The benchmark index on Wednesday marked 3,453 days since its prior low-point, set on 9 March 2009, when the world was reeling from the financial crisis.By many counts, that is the longest run without a fall of 20% or more in index history, a "bull" run in market-jargon.Overall the index has risen almost 325% in the period, lifted by companies such as Apple, Microsoft and Amazon.This year, it is up more than 6%, despite worries about rising inflation, interest rates and trade disputes. On Wednesday the index was largely unchanged, closing at 2,861.82, down less than 2 points. That is just shy of the record high of 2,872.8...