News

Welcome to TechCrunch Fintech! This week we’re looking at how fintech heavyweights such as Klarna and Stripe are incorporating crypto into their strategies, which companies are planning for IPOs, one fintech’s Super Bowl ad, Stripe’s new lead of startups and venture capital, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT, subscribe here. The big story Image Credits:Klarna Klarna CEO Sebastian Siemiatkows

Tesla had its worst year in more than a decade, reporting a 1.1% year-over-year sales loss for 2024.

"The economy is strong overall and has made significant progress toward our goals over the past two years," Powell said, with a 4% jobless rate considered around the level of full employment, and inflation lower though still more than half a percentage point above the Fed's target. "We know that reducing policy restraint too fast or too much could hinder progress on inflation," Powell said, reiterating language used after the Fed at its January meeting held interest rates steady.

Federal Reserve Chair Jerome Powell offered some new assurances Tuesday about payments routed to the central bank from the Treasury Department, his first comments about the fallout resulting from Elon Musk’s access to a sensitive payments system.

“Tesla’s brand favorability is at an all-time low, and his polarizing views are alienating core customers,” warned Saxo Bank’s global head of investment strategy.

Fidelity National Information Services shares tumbled Tuesday, leading declines on the S&P 500 after the firm's outlook missed estimates.

Treasury Secretary Scott Bessent recently pledged to “monetize” the U.S. government’s assets.