Block, PayPal Stocks Are Dropping. What's Shaking the Fintech Sector.

Financial-technology stocks were falling early Wednesday. A warning from a major European payments company was sending jitters through the industry.

Consumers are directing their spending toward essential items such as housing and food, rather than discretionary expenses such as entertainment or luxury goods, Worldline said. Newsletter Sign-up Worldline focuses on business in Europe, and specifically called out Germany as a country where the macroeconomic environment was deteriorating. Worldline said it is now expecting 6% to 7% growth in organic sales for the year, after previously forecasting 8% to 10% growth this year.

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Stock market today: Asian shares mostly rise after US stocks wobble as Treasury bond yields veerAsian shares are mostly higher after Wall Street wobbled to a mixed close as yields on U.S. Treasury bonds fell back after jumping above 5%. Benchmarks rose in Tokyo, Sydney, Seoul, Shanghai and Taiwan, but fell in Hong Kong. U.S. futures and oil prices rose.
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Stock market today: Asian shares mostly rise after US stocks wobble as Treasury bond yields veerAsian shares are mostly higher after Wall Street wobbled to a mixed close as yields on U.S. Treasury bonds fell back after jumping above 5%.
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Stock market today: Asian shares mostly rise after US stocks wobble as Treasury bond yields veerAsian shares are mostly higher after Wall Street wobbled to a mixed close as yields on U.S. Treasury bonds fell back after jumping above 5%.
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Stock Market Today: Treasury rebound gives stocks a lift; mega-cap tech earnings on deckInvestors are waking up to a huge day on Wall Street, with a host of third quarter earnings, PMI data, a 2-year note auction and mega-cap tech updates all on the slate.
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Stock Market Today: Stocks mixed as Microsoft lifts Dow, Treasury yields mute gainsA mixed set of big tech earnings, alongside modestly higher Treasury yields, has stocks set for an uncertain open on Wednesday.
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