Browsing: Stock

Visa (NYSE:V), the world’s largest electronic-payment processor, rose approximately 1% in Monday’s regular-session trading after agreeing to acquire fraud-intelligence provider BioCatch for $2.4 billion in cash. Visa is buying the business from private-equity firm Permira and other investors. The transaction is intended to expand Visa’s cybersecurity, fraud-prevention, risk-management and security services as financial institutions face…

Shopify (NASDAQ:SHOP), the e-commerce platform powering millions of online businesses, crushed expectations in the second quarter and sent its shares soaring about 26% in premarket trading. Revenue surged 34% year over year to $3.58 billion, and management followed that up with another confidence boost by forecasting low-30% revenue growth for the third quarter. That’s even…