When the dust settles, fintech stock Square (NYSE: SQ) should come out as one of the leading providers of cashless/digital payments. While the seller ecosystem has long targeted smaller merchants, GPV trends show that larger merchants (those with annualized GPV above $125,000) now account for a majority of all GPV on the network. Bigger merchants should translate to higher gross profit over time. Read More...
Benzinga
Ford US Sales Decline 27% In June, EV Sales Jump 117%
Ford Motor Company (NYSE: F) U.S. monthly sales for June declined 26.9% year-on-year to 115,789 vehicles. Sales of cars fell 81.8% to 2,868, SUVs fell 11.5%, and trucks dived 27%. On a brighter spot, sales of electrified vehicles expanded 117% Y/Y in June, concluding with a new first-half sales record on 56,570 vehicles, driven by new products like 12,975 Mustang Mach-E 17,039 F-150 PowerBoost Hybrid. Strong incremental growth of Bronco Sport and Mustang MachE propelled Ford brand retail SUVs to
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