In the wake of Silicon Valley Bank’s collapse and subsequent banking meltdown, cash is king. The turmoil inflicted on financial markets has sent cautious investors running away from volatile markets and toward more liquid alternatives.
Want to buy a new coat without shelling out the entire cost upfront? For shoppers, that’s becoming an increasingly popular payment option — generating a windfall for the handful of companies that facilitate such services. What’s happening: Square, which owns the Cash App, announced Sunday that it’s buying Afterpay for $29 billion, the largest acquisition of […]