The UK stock market lacks exciting growth companies, but fintech is a promising sector with champions like Revolut, valued at $45 billion. NuBank, listed as Nu Holdings, is a standout fintech growth story in Brazil, expanding profitably into new markets. JPMorgan Chase, with a low-cost banking app and plans for a credit card, is a legacy bank making strides in fintech, posing a threat to traditional UK banking brands.
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Intel Names Lip-Bu Tan as New C.E.O. Amid Turnaround Efforts
Intel, a struggling semiconductor company, has appointed Lip-Bu Tan as its new CEO to help restore its reputation and market share. Tan, a seasoned business leader, faces the challenge of revitalizing the company after years of decline, including job cuts and loss of market value. Investors have responded positively to Tan's appointment, with Intel's stock price rising over 11% in aftermarket trading. Full Article
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