A number of stocks jumped in the afternoon session after investors grew more optimistic about a potential Federal Reserve interest rate cut in December.
Mid-cap stocks often strike the right balance between having proven business models and market opportunities that can support $100 billion corporations.
However, they face intense competition from scaled industry giants and can be disrupted by new innovative players vying for a slice of the pie.
Dan Loeb's Third Point doubled its Microsoft stake and boosted Meta, Amazon, and Nvidia while fully exiting Workday and multiple industrial names in Q3.
Corpay, Inc.* (NYSE: CPAY), a global leader in corporate payments, today announced that its Cross-Border business has entered into a multi-year agreement with the BLAST, a global competitive entertainment company with a mission to bring mega entertainment to the world, taking esports, gaming and other new competitive formats to the next level. Under the agreement, Corpay will serve as their Official Foreign Exchange Partner.
Corpay’s third quarter results were well received by the market, reflecting solid execution across its core business lines. Management pointed to double-digit organic revenue growth in both Corporate Payments and Vehicle Payments, underpinned by higher transaction volumes and improved client retention. CEO Ronald Clarke highlighted the acceleration in U.S. vehicle payments and robust sales performance as key contributors, noting, “All of the businesses finished in line or better than our expectation. Our two biggest businesses, Vehicle and Corporate Payments, representing 80% of the company, both growing double digits organically.” The stabilization of the lodging segment and notable progress in the gift business added further support to the quarter’s outcome.
Federal Reserve Governor Stephen Miran delivered a significant speech today, November 7, 2025, at the BCVC Summit 2025, outlining a compelling argument that the burgeoning growth of stablecoins could exert substantial downward pressure on the neutral interest rate (r*). This theoretical rate, which neither stimulates nor restricts economic growth, is
Seeking insights into today's market movers? Discover the S&P500 gap up and gap down stocks in today's session on Thursday. Stay informed about the latest market trends.
Business payments company Corpay (NYSE:CPAY) announced better-than-expected revenue in Q3 CY2025, with sales up 13.9% year on year to $1.17 billion. The company’s full-year revenue guidance of $4.52 billion at the midpoint came in 1.3% above analysts’ estimates. Its non-GAAP profit of $5.70 per share was 1% above analysts’ consensus estimates.
Business payments company Corpay (NYSE:CPAY) announced better-than-expected revenue in Q3 CY2025, with sales up 13.9% year on year to $1.17 billion. The company’s full-year revenue guidance of $4.52 billion at the midpoint came in 1.3% above analysts’ estimates. Its non-GAAP profit of $5.70 per share was 1% above analysts’ consensus estimates.
Corpay, Inc. (NYSE: CPAY), the corporate payments company, completed the acquisition of Alpha Group International plc (LSE: ALPH), a B2B cross border FX solutions and global bank accounts provider to corporations and investment funds in the UK and Europe.
Corpay, Inc.* (NYSE: CPAY), a global leader in corporate payments and the National Hockey League (NHL®) today announced a multiyear North American partnership, naming Corpay’s Cross-Border business the Official Foreign Exchange (FX) Provider of the NHL.
Wall Street bounced back Wednesday after Tuesday's sharp selloff in AI-driven stocks, as investors bought the dip amid solid corporate earnings and growing signs that the Federal Reserve may be nearing another interest rate cut.
Shares of business payments company Corpay (NYSE:CPAY) fell 5.3% in the afternoon session after peer company Fiserv reported mixed third-quarter results that showed weakness in a key business area.
Let's have a look at what is happening on the US markets in the middle of the day on Wednesday. Below you can find the top S&P500 gainers and losers in today's session.
Wall Street has set ambitious price targets for the stocks in this article.
While this suggests attractive upside potential, it’s important to remain skeptical because analysts face institutional pressures that can sometimes lead to overly optimistic forecasts.
