Reddit is joining the S&P 500 after months of speculation. Analysts have these concerns.

Tesla (TSLA +2.27%) is a battleground stock, and its highly growth-dependent valuation creates a solid foundation for the bear case. As of this writing, the stock is trading at approximately 331 times its earnings over the trailing-12-month period. That’s a lofty valuation for a company that’s currently facing some significant business headwinds. While revenue increased…

Visa announced the launch of the Visa Stablecoin Platform (VSP) on Thursday, a new platform it said is designed to help financial institutions, fintechs and crypto natives access stablecoin capabilities through a single Visa-managed environment. Building on Visa’s broader crypto strategy, VSP is said to give financial institutions, fintechs and other payment providers a way…

Key insight: Citi has agreed to acquire rewards fintech Kard Financial for an undisclosed amount.   What’s at stake: Citi’s pending purchase of the rewards fintech marks a pivot in the way the $2.9 trillion-asset bank thinks about its points program and comes as interchange continues to come under fire.  Expert quote: “Citi’s acquisition of Kard…

Dr Douglas Williams is a veteran senior executive and board member for several biotech companies. During his time at Biogen, ZymoGenetics, Amgen Immunex and Seattle Genetics, he was involved in the development of several multibillion-dollar treatments, including Enbrel, Tecfidera and Spinraza. Matthew Partridge: The time and cost of clinical trials has been seen as one…

Rightmove’s latest House Price Index shows asking prices fell by 2% this month, a sharper reduction than typically seen in August. The market remains active, but buyers have more choice and sellers are facing greater competition than they did a year ago. In a cooling market, delays don’t just affect timelines – they can…