佛州可不是小打小闹。它是美国人口第三大州，经济总量能排全球前二十。这么个"大块头"突然甩开美元拥抱金银，等于在美元霸权的心脏上插了把刀。德 桑蒂斯签完字就放话："联邦政府拼命印钞，咱老百姓的血汗钱不能跟着蒸发！"他翻出数据啪啪打脸：黄金从2015年到现在涨了快两倍，可美元购买力呢？ 自1971年和黄金脱钩后，直接缩水90%以上。有个议员算得更扎心：1979年买套房要268盎司黄金，现在同价值的房还是268盎司黄金——变的不是金子，是 美元成了"纸"。 我是真没想到，第一个朝美元"开枪"的居然是美国人自己。就在前天（5月27日），佛罗里达州州长德桑蒂斯大笔一挥，签了份法案——黄金白银正式成为 佛州法定货币。这意味着啥？你去便利店买瓶水，理论上能用金币付钱；欠了债，掏块银条也能抵账。更绝的是，州政府要求PayPal这类支付平台必须接受 金银转账，连销售税都给免了。 为啥佛州非要硬啃这块骨头？德桑蒂斯的小算盘响着呢。他去年竞选总统败给特朗普，正需要新招牌。签法案时他故意呛联邦政府："国会到现在一分钱没 省，全是空话！"这招"金银抗通胀"牌，摆明了拉拢对美元失望的选民。美国宪法其实留了道缝：各州虽不能造币，但能用金银 ...

近日，PhotonPay光子易与全球领先金融服务机构摩根大通（J.P. Morgan）于欧洲举行高层会谈。PhotonPay光子易创始人兼首席执行官陈敏（Lewison Chen）与摩根大通董事总经理（Managing Director）兼全球非银机构支付业务负责人Jason Clinton、摩根大通Kinexys全球联席负责人Naveen Mallela率领核心 团队，就全球支付行业的创新发展路径、技术革新趋势及未来合作方向展开了深度对话与战略磋商。 在严格遵循全球合规监管框架的前提下，PhotonPay光子易构建了覆盖全球主要经济体的本地化服务网络，依托其创新的数字化金融基础设施解决方案，为 企业客户提供从跨境贸易拓展到海外市场深度运营的一站式全周期服务支持，助力企业实现全球化战略布局。 着眼未来，PhotonPay光子易将持续深化与国际金融机构的战略合作，通过构建更开放、灵活、可扩展的金融服务，弥合全球商业中的金融摩擦，助推企业 在复杂多变的市场环境中行稳致远。 Lewison表示："市场机遇是促成颠覆性创新的基础，而市场需求是真正推动企业持续创新的动力。过去十年间，PhotonPay光子易始终以用户需 ...

每经记者｜杨建 每经编辑｜彭水萍 点评：实现数据资源共享共用的一种数据流通利用基础设施，是数据要素价值共创的应用生态，是支撑 构建全国一体化数据市场的重要载体。随着政务数据共享的推进，数据治理服务商、隐私计算技术企业 将迎来发展机遇。同时，数据要素市场化将激活金融风控、城市治理、产业规划等领域的商业模式创 新。未来，数据分级分类管理、隐私计算技术将成为关键。政策强调"构建全国一体化政务大数据体 系"，直接利好云计算、大数据平台及数据安全技术企业。概念股包括易华录、同有科技、奥飞数据 等。 2、国际油价全线上涨，布油主力合约涨0.66%，报65.29美元/桶。国际贵金属期货收盘涨跌不一， COMEX黄金期货跌0.68%，报3376.1美元/盎司；COMEX白银期货涨3.31%，报35.795美元/盎司。欧洲 三大股指收盘涨跌不一，德国DAX指数涨0.19%，报24323.58点；法国CAC40指数跌0.18%，报7790.27 点；英国富时100指数涨0.11%，报8811.04点。 3、6月5日，央行公告，为保持银行体系流动性充裕，2025年6月6日，央行将以固定数量、利率招标、 多重价位中标方式开展1000 ...

Financial Data and Key Metrics Changes - PayPal demonstrated steady progress during fiscal year 2024, reinforcing the board's confidence in management's ability to build on the company's strong foundation [3][4] - The preliminary voting results indicated that the advisory vote to approve the compensation of named executive officers was approved, and the appointment of PricewaterhouseCoopers LLP as the independent auditor for 2025 was ratified [26] Business Line Data and Key Metrics Changes - The company is transitioning from a payments-only model to a comprehensive commerce platform, focusing on personalized shopping experiences and expanding its product offerings [31][32] - PayPal is investing in agentic commerce, which represents a paradigm shift in shopping behavior, allowing consumers to shop through agents and conversationally [29][33] Market Data and Key Metrics Changes - Consumer spending and the labor market have shown resilience, although the impact of tariffs and trade policies on global economic activity remains uncertain [37] - The company is maintaining its full-year guidance to allow flexibility in navigating macroeconomic environments [38] Company Strategy and Development Direction - PayPal's strategy includes four growth drivers: winning checkout, scaling omni-channel, growing Venmo, and driving profitability in payment service providers [32] - The company aims to leverage AI to enhance customer experiences and create a dynamic smart wallet that optimizes payment choices [31][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to execute its strategy and navigate uncertain times, emphasizing a solid foundation for long-term growth [40] - The leadership team is focused on innovation and disciplined execution to create long-term value for shareholders [36][40] Other Important Information - The annual stockholder meeting was conducted virtually, allowing global participation and ensuring equal rights for stockholders [5][6] - The company has established clear processes for submitting and responding to stockholder questions, with a commitment to transparency [7][8] Q&A Session Summary Question: How is PayPal taking advantage of the opportunity in agentic commerce? - PayPal believes agentic commerce represents a significant opportunity, enabling personalized shopping experiences and connecting consumers with merchants through AI [29][31] Question: Do you expect that PayPal's global business will be impacted by the rapidly changing tariff and trade policy environment? - Management noted that while consumer spending remains resilient, the impact of tariffs on global economic activity is uncertain, but the company is focused on profitable growth [37][38] Question: Why does PayPal include equity compensation as part of its total compensation package? - Equity compensation is crucial for attracting and retaining top talent, aligning employee interests with those of shareholders [39]

Worldline’s Shareholders Meeting and Board of Directors of June 5, 2025 Paris La Défense, June 5, 2025 - Worldline [Euronext: WLN], a global leader in payment services held today its Shareholders’ Meeting chaired by Mr. Wilfried Verstraete, Chairman of the Board of Directors. Shareholders’ Meeting held on June 5, 2025 At today's meeting, shareholders adopted all the resolutions submitted by the Board of Directors, in particular: the Company and consolidated accounts for the financial year ended on December ...

Investment Rating - The report maintains an "Outperform" rating for the company [2][18][20] Core Insights - The company's three growth engines—Consumer Payments, Commercial Payments & Money Flow Solutions, and Value-Added Services—continue to drive revenue growth [4][16][20] - The adjusted EPS for 2QFY25 was $2.76, reflecting a year-on-year increase of 9.9%, surpassing both internal and market expectations [3][15][20] - The company has a target price of $392.04, indicating a potential upside of 7.2% from the current price of $365.86 [2][20] Revenue and Profitability - Total revenue for 2QFY25 was $13.33 billion, a 10.8% year-on-year increase, slightly below expectations [3][15] - Net revenue, after client incentives, grew by 9.3% year-on-year to $9.59 billion, exceeding estimates [3][15] - Key revenue components included: - Services revenue increased by 9.1% to $4.40 billion, driven by a 7.6% rise in payment volume [3][15] - Data processing revenue rose by 10.4% to $4.70 billion, corresponding to an 8.0% increase in processed transactions [3][15] - International transaction revenue grew by 10.3% to $3.3 billion, primarily due to a 13.0% increase in cross-border transaction volume [3][15] Growth Drivers - The Consumer Payments segment benefited from increased payment volume and cross-border transactions [4][16] - Commercial Payments & Money Flow Solutions revenue grew by 13% year-on-year in constant dollars, with a 6% increase in commercial payment transaction volume [4][16] - Value-Added Services revenue accelerated by 22% year-on-year to $2.6 billion, with growth across all product portfolios [6][16] Market Position and Strategy - The company is enhancing global contactless payment penetration through innovations in Tokenization and Tap technology, with emerging markets as key growth areas [8][17][19] - By the end of 2QFY25, global Tap to Pay penetration reached 76%, with the U.S. market surpassing 60% for the first time [19] - The company has entered a partnership with Efecty in Colombia to expand card acceptance scenarios [19] Management Outlook - Management remains optimistic about the company's outlook, maintaining full-year guidance with expected low double-digit growth in net revenue and operating expenses [9][20] - For 3QFY25, adjusted EPS growth is projected to be approximately 17%-19% year-on-year [20] - The company has authorized a new $30 billion multi-year stock repurchase plan, reflecting confidence in future performance [3][20]

Summary of WEX FY Conference Call (June 04, 2025) Company Overview - **Company**: WEX Inc. - **Industry**: Global commerce platform focusing on corporate payments, benefits, and mobility sectors - **Revenue**: Approximately $2.6 billion [5] - **Employees**: 6,500 [5] - **Market Presence**: Operating in 16 countries [5] - **History**: Established for 40 years, public for 20 years [5] Core Business Segments 1. **Mobility** - Closed loop network for data capture on purchases [6] - Focus on both traditional gas-powered and electric vehicles (EVs) [7] - Customers seek integrated data for total cost of ownership [7] - 20% market share in a $25 billion total addressable market (TAM) [37] 2. **Benefits** - Transactions compliant with IRS regulations (e.g., HSA, FSA) [8] - Over 20 million consumers using WEX products [8] - 5% market share with potential for growth, especially with HSA expansion [42] 3. **Corporate Payments** - Simplifying payment facilitation through technology [9] - 19% of total revenue from this segment [11] - Focus on expanding beyond travel-related payments [24] - 50% of revenue from non-travel corporate payments [46] Financial Performance - **Growth Rates**: - 13% top-line growth and 15% EPS growth historically [12] - Long-term growth target of 5-10% [26] - **Revenue Sources**: - Primarily from interchange (payment processing) and SaaS fees [11] - **Cash Position**: - $750 million in net cash, with $150 million readily available [27] Strategic Focus and Growth Opportunities - **Product Innovation**: - Increasing speed of product innovation and expanding product offerings [17] - Focus on embedded payments and accounts payable (AP) solutions [50] - **Market Expansion**: - Targeting smaller markets in mobility and corporate payments [37][44] - Significant opportunity in non-travel corporate payments [46] - **EV Transition**: - Positioned to support hybrid fleets and EV solutions [62] - Offering integrated solutions for both gas and electric vehicles [62] Challenges and Market Dynamics - **Volatility in Corporate Payments**: - Increased focus on diversifying growth outside of travel due to market volatility [24] - **Economic Environment**: - Mixed performance in the North American fleet marketplace, with a slight decline in same-store sales [41] - **Regulatory Changes**: - Potential growth from legislative changes affecting HSAs [42] Capital Allocation and Shareholder Returns - **Share Buybacks**: - Recent significant share buyback to return value to shareholders [34] - **Debt Management**: - Current leverage at approximately 3.5 times, with a target of 2.5 to 3.5 times [31] Conclusion - WEX is strategically positioned for long-term growth through its diversified business segments, innovative product offerings, and focus on market expansion. The company is navigating challenges in the corporate payments space while capitalizing on opportunities in mobility and benefits sectors.

Investment Rating - The report maintains an "Outperform" rating for the company [2][20]. Core Insights - The company's three growth engines—Consumer Payments, Commercial Payments & Money Flow Solutions, and Value-Added Services—continue to drive revenue growth, with a 10.8% year-on-year increase in total revenue for 2QFY25 [3][16]. - Adjusted EPS for 2QFY25 was $2.76, reflecting a 9.9% year-on-year growth, surpassing both internal and market expectations [3][20]. - The management remains optimistic about the company's outlook, maintaining full-year guidance with expected low double-digit growth in net revenue and operating expenses [20]. Revenue and Profitability - Total revenue for 2QFY25 reached $13.33 billion, slightly below expectations, while net revenue after client incentives was $9.59 billion, exceeding estimates [3][15]. - Payment services revenue grew by 9.1% to $4.40 billion, driven by a 7.6% increase in payment volume [3][15]. - Data processing revenue increased by 10.4% to $4.70 billion, with an 8.0% rise in processed transactions [3][15]. Growth Drivers - The Consumer Payments segment saw growth due to increased payment volume and cross-border transactions, while Commercial Payments & Money Flow Solutions revenue grew by 13% year-on-year in constant dollars [4][16]. - Value-Added Services revenue accelerated by 22% year-on-year to $2.6 billion, with all product portfolios contributing to growth [6][16]. Market Position and Strategy - The company is enhancing global contactless payment penetration through technological innovations, with 76% penetration of Tap to Pay globally as of 2QFY25 [17][19]. - A partnership with Efecty in Colombia aims to expand card acceptance scenarios, targeting over 30 million users [19]. Future Guidance - For 3QFY25, the company expects net revenue growth and operating expense growth in the low double digits, with adjusted EPS growth projected at 17%-19% year-on-year [20]. - The full-year guidance remains unchanged, with expectations for net revenue growth at a low double-digit rate and adjusted EPS growth around 13-15% year-on-year [20].

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED) OR IN OR INTO CANADA, JAPAN, SOUTH AFRICA, AUSTRALIA OR THE UNITED STATES OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS PRESS RELEASE Worldline has successfully placed a €550 million 5-year bond issue Paris La Défense, 3 June 2025– Worldline [Euronext: WLN], a global leader in payment services, today announces the successful ...

Core Viewpoint - The withdrawal of Jared Isaacman’s nomination as NASA Administrator by President Trump highlights the influence of political donations and affiliations in high-level appointments within the U.S. government [1][3]. Group 1: Nomination Withdrawal - President Trump announced the withdrawal of Jared Isaacman's nomination for NASA Administrator, citing the need for alignment with the "America First" agenda, though specific reasons were not disclosed [1]. - The decision to withdraw the nomination was reportedly influenced by Trump's surprise at discovering Isaacman's past donations to prominent Democrats [3]. Group 2: Jared Isaacman's Background - Jared Isaacman is the founder and CEO of Shift4 Payments and has established a close relationship with Elon Musk through collaborations in the commercial space sector [5]. - Isaacman had previously donated $2 million to Trump's inauguration committee, which was a point of contention in the nomination process [7]. Group 3: Reactions and Implications - Elon Musk expressed regret over the withdrawal of Isaacman's nomination, emphasizing the difficulty in finding someone as capable and talented [7].