Why StoneCo stock fell today

What happened Some investors were selling their shares of StoneCo (NASDAQ: STNE) today after the company reported disappointing second quarter results last night. Fintech stock was down 4.8% at 2:11 p.m. EDT. So what While there were some bright spots during the quarter, StoneCo’s non-GAAP loss per share of $ 0.09 was well below the

Broken credit card system, businesses unable to process payments :: WRAL.com

By Maggie Brown, WRAL Multiplatform Producer TSYS credit card processing company, one of the largest such companies in the United States, suffered a breakdown on Saturday night. Its system was unable to process transactions, according to one of its clients, Shift4 Payments. The outage impacted payment providers and customers, according to the company. The Triangle