It's been a busy week for the payments stocks, with Mastercard, PayPal and Visa all reporting earnings in recent days. One of those could be due for a pullback, according to Miller Tabak's Matt Maley.
Xpeng Motors, one of Tesla's rivals in China, is in talks to raise around $300 million in funding ahead of an initial public offering (IPO) in the U.S., two sources familiar with the matter told CNBC.
The euro zone economy contracted by 12.1% in the second quarter of 2020, compared to the first three months of the year, according to preliminary data from the region's statistics office.
President Donald Trump repeatedly tests the Republican Party's limits on issues including race, trade and immigration. On Thursday, he struck a boundary.
The company was profitable, reported less operational losses than expected and has already started repaying credits lines it drew down earlier this year to manage through the coronavirus pandemic.
A group of Republican senators introduced on Thursday a new proposal for a second set of stimulus checks. This time, payments would be $1,000, but would apply to both adults and dependents. A family of four would stand to receive $4,000.
Most economists, including those at the White House, have been expecting that the brutal numbers would turn around in the third quarter. Those expectations are being tempered.
"If you're in the business of serving people food in a brick and mortar setting, all I can say is stick a fork in it, because that business is done," the "Mad Money" host said.