Latest news with #BairdGlobalConsumer
Yahoo
23-06-2025
- Business
- Yahoo
Fiserv launches new stablecoin
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Fiserv said Monday it will launch a digital asset platform – including a new stablecoin, dubbed FIUSD – alongside its existing payments infrastructure by year's end, with no extra cost to merchant clients and financial institutions. In a related announcement, Fiserv and PayPal Holdings said they'll partner 'to build future interoperability' so consumers can move funds with the FIUSD coin on PayPal. The partnership aims to 'expand the use of stablecoins and programmable payments around the globe,' the companies said. 'With our scale, reach, and technology leadership, Fiserv is uniquely positioned to advance stablecoin-powered payments and help democratize access to blockchain financial services,' Chief Operating Officer Takis Georgakopoulos said Monday in the press release. Fiserv said its network's extensive reach – about 10,000 financial institutions and six million merchant locations with 90 billion yearly transactions – 'will provide instant scale' for the FIUSD digital coin. Fiserv also said it's 'exploring the use of deposit tokens to maintain the benefits of stablecoins in a more capital-friendly structure for banks.' The Milwaukee-based company is also talking with other potential partners to expand the use cases for stablecoins and tokenized deposits, the release said. The embrace of stablecoins by large fintech players like Fiserv 'may be quite important to stablecoin adoption for consumers/merchants/businesses,' and could increase wider use of the technology, Baird analysts wrote Monday in a client note. Earlier this month, Fiserv CEO Mike Lyons told investors the company was developing stablecoin capabilities in response to customer interest in cryptocurrency as a potential means of lowering merchant interchange fees. 'It's a great opportunity that plays right into our strengths,' Lyons said June 3 at the Baird Global Consumer, Technology and Services conference. A combination of blockchain programmability and the stability of fiat currency will make the use of stablecoins and tokenized deposits expand rapidly 'due to their ability to settle 24/7, streamline processes, increase efficiency, and power use cases where existing options may be limited,' according to the Fiserv release. The new coin won't affect Fiserv's financial performance this year, but demonstrates the company's rapid innovation, 'which should reinforce its ability to retain share among merchant & financial institution customers as digital asset tech becomes more widely adopted,' TD Cowen analysts Bryan Bergin and Harrison Vivas wrote Monday in a note to clients. Last week, the largest U.S. bank, JP Morgan Chase, announced the launch of its new JPMD, a stablecoin-like token for institutional clients. PayPal and Circle, along with several other companies, have also launched their own stablecoins. Fiserv's stablecoin platform will include technology infrastructure from Paxos Trust and Circle Internet Group. The latter went public earlier this month and has seen its shares soar amid investor fervor for the nascent digital-asset industry, following the embrace of digital assets by President Donald Trump. Fiserv's former CEO, Frank Bisignano, joined the Trump administration this year when he was confirmed last month as the new head of the Social Security Administration. The new Fiserv coin will also be available on Solana, a blockchain platform widely used for stablecoins. In their release, Fiserv and PayPal said they'll 'strive to identify key opportunities for integrating FIUSD and PYUSD into payment flows, including cross-border transactions, payouts, and merchant solutions.' Last week, the U.S. Senate passed the GENIUS Act, an initial step in Congress approving regulations for the cryptocurrency industry. The law, if enacted, is seen as creating wider adoption of stablecoins and more use cases among large banks, retailers, investors and others. The Trump administration has also sought to promote digital assets and blockchain technology, through regulatory agencies by way of a January executive order. Recommended Reading Fiserv CEO embraces stablecoins Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
Fiserv CEO embraces stablecoins
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Payment processing giant Fiserv is developing an infrastructure for its merchant customers to pay for goods and services with cryptocurrencies, the company's CEO, Mike Lyons, said in a presentation last week. The Milwaukee-based company has heard from its merchants clients that they're interested in using cryptocurrency such as stablecoins, a common type of digital asset, Lyons said in a June 3 question and answer session at the Baird Global Consumer, Technology and Services Conference in New York City. 'We're hearing from merchants, 'Hey, maybe this has got a lot less interchange,'' Lyons said in response to a questions about merchants and banks using stablecoins. 'We're going to help them develop the capabilities.' The company should also be prepared if a federal bill regulating stablecoins is signed into law, he added. What if Congress passes a cryptocurrency law 'and we suddenly have to stand up a (cryptocurrency) wallet and we're told to do it in X number of months?' Lyons said. 'That seems like a significant investment.' The Senate may vote as early as this week on the GENIUS Act, a bill creating a regulatory framework for stablecoins. The House of Representatives has yet to vote on the bill. Stablecoins are a type of cryptocurrency pegged to the value of a traditional asset, such as a fiat currency like the U.S. dollar or the euro. Theoretically, the value of a stablecoin is less volatile than that of other types of cryptocurrencies such as Bitcoin, that tend to be volatile. Payment companies have held up stablecoins as a way to simplify and cheapen cross-border payments, among other possible uses, but so far the digital assets have not achieved widespread adoption. Fiserv is working on creating the infrastructure for its customers to use stablecoins, Lyons said. He did not provide a timeline, but said 'in the next week or two, we'll come out with something that talks about standing up some infrastructure.' Lyons provided few details about the plans, and a Fiserv spokesperson declined to provide more specifics. The process will likely involve helping clients create stablecoin wallets they can use to spend money using the digital assets, he said. Merchants are interested in stablecoins as a way to save on costs, like avoiding fees charged when credit cards are used, Lyons said. 'It's a great opportunity that plays right into our strengths,' he said Recommended Reading Fiserv rises on international, government sales Sign in to access your portfolio
Yahoo
03-06-2025
- Business
- Yahoo
Why Nvidia-Backed Navitas Semiconductor Is Soaring Today
Navitas announced a new deal on Tuesday that will see its advanced chips used in hydrogen fuel-cell chargers. The company also presented today at the Baird Global Consumer, Technology & Services Conference 2025. The company's advanced gallium nitride (GaN) and silicon carbide (SiC) technologies help with efficient power supply and solve key scaling issues. 10 stocks we like better than Navitas Semiconductor › Shares of Navitas Semiconductor (NASDAQ: NVTS) are soaring on Tuesday. The company's stock jumped 15.7% as of 1:02 p.m. ET. The move comes as the S&P 500 (SNPINDEX: ^GSPC) gained 0.6% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) jumped 1%. The innovative semiconductor company, which uses gallium nitride (GaN) and silicon carbide (SiC) instead of the standard silicon, announced a new partnership today, as well as presented at a prominent industry conference. The company will partner with BrightLoop to bring its advanced chip technology to BrightLoop's latest series of hydrogen fuel-cell chargers. The charges are designed to support efficient and green power to heavy-duty agricultural transportation equipment. Given the enormous power requirements of equipment of this scale, the deal is further validation of Navitas' approach and technology. The company also presented today at the Baird Global Consumer, Technology & Services Conference 2025. CEO Gene Sheridan laid out his vision for the company's future, focusing on its shift toward high-voltage power solutions -- the same solutions that helped it ink the BrightLoop deal. The positive news comes soon after Navitas announced that Nvidia had selected it to help power its next-generation artificial intelligence (AI) data center systems. The news sent Navitas stock flying, not only because of the direct monetary value of the deal, but because of the incredible validation of its technology. If Nvidia is backing Navitas, it's likely others will follow in its footsteps and invest in GaN and SiC chip solutions from Navitas. I think Navitas stock is worth owning; the seal of approval from Nvidia is a game changer, and the company's balance sheet is solid, with minimal debt. Before you buy stock in Navitas Semiconductor, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Navitas Semiconductor wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $657,385!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $842,015!* Now, it's worth noting Stock Advisor's total average return is 987% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Why Nvidia-Backed Navitas Semiconductor Is Soaring Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
02-06-2025
- Business
- Business Wire
Warby Parker Announces Participation in the Baird Global Consumer, Technology & Services Conference
NEW YORK--(BUSINESS WIRE)--Warby Parker Inc. (NYSE: WRBY) (the 'Company'), a direct-to-consumer lifestyle brand focused on vision for all, today announced that the Company will be presenting at the Baird Global Consumer, Technology & Services Conference Tuesday, June 3, 2025 at 10:50 a.m. Eastern Time. The presentation will be webcast live over the internet and can be accessed at An online archive will be available for a period of 90 days following the presentation. About Warby Parker Warby Parker (NYSE: WRBY) was founded in 2010 with a mission to inspire and impact the world with vision, purpose, and style–without charging a premium for it. Headquartered in New York City, the co-founder-led lifestyle brand pioneers ideas, designs products, and develops technologies that help people see, from designer-quality prescription glasses (starting at $95) and contacts, to eye exams and vision tests available online and in our 287 retail stores across the U.S. and Canada. Warby Parker aims to demonstrate that businesses can scale, do well, and do good in the world. Ultimately, the Company believes in vision for all, which is why for every pair of glasses or sunglasses sold, it distributes a pair to someone in need through its Buy a Pair, Give a Pair program. To date, Warby Parker has worked alongside its nonprofit partners to distribute more than 15 million glasses to people in need.
Yahoo
29-05-2025
- Business
- Yahoo
THOR Industries Announces Participation in Upcoming Investor Conference
ELKHART, Ind., May 29, 2025 (GLOBE NEWSWIRE) -- THOR Industries, Inc. (NYSE: THO) today announced that the management team will be participating in an upcoming investor conference. THOR management will be hosting a fireside chat along with one-on-one meetings with analysts and institutional investors at the following event: Baird Global Consumer, Technology & Services Conference on June 5, 2025, in New York, NY. Management in attendance will include: Todd Woelfer, Senior Vice President & COO of THOR Industries, and Seth Woolf, Head of Corporate Development & Investor Relations of THOR Industries Please contact your Baird representative for attendance information and additional details. About THOR Industries, Inc. THOR Industries is the sole owner of operating subsidiaries which, combined, represent the world's largest manufacturer of recreational vehicles. For more information on the Company and its products, please go to Forward-Looking Statements This release includes certain statements that are 'forward-looking' statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made based on management's current expectations and beliefs regarding future and anticipated developments and their effects upon THOR, and inherently involve uncertainties and risks. These forward-looking statements are not a guarantee of future performance. We cannot assure you that actual results will not differ materially from our expectations. Factors which could cause materially different results include, among others: the impact of inflation on the cost of our products as well as on general consumer demand; the effect of raw material and commodity price fluctuations, including the impact of tariffs, and/or raw material, commodity or chassis supply constraints; the impact of war, military conflict, terrorism and/or cyber-attacks, including state-sponsored or ransom attacks; the impact of sudden or significant adverse changes in the cost and/or availability of energy or fuel, including those caused by geopolitical events, on our costs of operation, on raw material prices, on our suppliers, on our independent dealers or on retail customers; the dependence on a small group of suppliers for certain components used in production, including chassis; interest rates and interest rate fluctuations and their potential impact on the general economy and, specifically, on our independent dealers and consumers and our profitability; the ability to ramp production up or down quickly in response to rapid changes in demand or market share while also managing associated costs, including labor-related costs and production capacity costs; the level and magnitude of warranty and recall claims incurred; the ability of our suppliers to financially support any defects in their products; the financial health of our independent dealers and their ability to successfully manage through various economic conditions; legislative, regulatory and tax law and/or policy developments including their potential impact on our independent dealers, retail customers or on our suppliers; the costs of compliance with governmental regulation; the impact of an adverse outcome or conclusion related to current or future litigation or regulatory audits or investigations; public perception of and the costs related to environmental, social and governance matters; legal and compliance issues including those that may arise in conjunction with recently completed transactions; the level of consumer confidence and the level of discretionary consumer spending; the impact of exchange rate fluctuations; restrictive lending practices which could negatively impact our independent dealers and/or retail consumers; management changes; the success of new and existing products and services; the ability to maintain strong brands and develop innovative products that meet consumer demands; changes in consumer preferences; the risks associated with acquisitions, including: the pace and successful closing of an acquisition, the integration and financial impact thereof, the level of achievement of anticipated operating synergies from acquisitions, the potential for unknown or understated liabilities related to acquisitions, the potential loss of existing customers of acquisitions and our ability to retain key management personnel of acquired companies; a shortage of necessary personnel for production and increasing labor costs and related employee benefits to attract and retain production personnel in times of high demand; the loss or reduction of sales to key independent dealers, and stocking level decisions of our independent dealers; disruption of the delivery of units to independent dealers or the disruption of delivery of raw materials, including chassis, to our facilities; increasing costs for freight and transportation; the ability to protect our information technology systems from data breaches, cyber-attacks and/or network disruptions; asset impairment charges; competition; the impact of losses under repurchase agreements; the impact of the strength of the U.S. dollar on international demand for products priced in U.S. dollars; general economic, market, public health and political conditions in the various countries in which our products are produced and/or sold; the impact of changing emissions and other related climate change regulations in the various jurisdictions in which our products are produced, used and/or sold; changes to our investment and capital allocation strategies or other facets of our strategic plan; and changes in market liquidity conditions, credit ratings and other factors that may impact our access to future funding and the cost of debt. These and other risks and uncertainties are discussed more fully in our Quarterly Report on Form 10-Q for the quarter ended January 31, 2025 and in Item 1A of our Annual Report on Form 10-K for the year ended July 31, 2024. We disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this release or to reflect any change in our expectations after the date hereof or any change in events, conditions or circumstances on which any statement is based, except as required by law. THOR Investor Relations Contact:Seth WoolfHead of Corporate Development & Investor Relationsswoolf@ 294-7718
