Feb 3, 2020 - Economy & Business

Worldline buys Ingenico as payments industry consolidation continues

Illustration: Aïda Amer/Axios

Worldline agreed to buy French point-of-sale terminal provider Ingenico for around $8.6 billion in cash and stock.

Why it matters: This is the latest in a wave of payments industry consolidation, particularly among legacy players that feel threatened by a digital-first challengers. Examples from last year include FIS buying Worldpay for $35 billion and Fiserv paying $22 billion for First Data.

Go deeper: Instacart workers organize for higher wages

Go deeper

The average NBA team is now worth $2.1 billion

Reproduced from Forbes; Chart: Axios Visuals

The average NBA franchise is now valued at $2.12 billion, per Forbes — a figure that has grown 476% in the past decade.

Why it matters: Thanks to the NBA's international growth and the $24 billion TV deal it signed with ESPN and Turner in 2014, team values have grown at a much faster rate than the other three major U.S. sports leagues.

Go deeperArrowFeb 12, 2020 - Sports

Gentlemen (and ladies) prefer bonds

Illustration: Aïda Amer/Axios. Photo: Sunset Boulevard/Getty Contributor

After pouring record inflows into bond funds last year, investors are doing so at an even faster pace in 2020 — pushing 10 times more money into bonds than stocks.

By the numbers: More than $65 billion has flowed into bond funds this year, according to Lipper Refinitiv data provided to Axios, outpacing inflows through 2019's record pace when bond funds took in $316 billion.

Work stoppages from labor disputes rose to a two-decade high in 2019

United Auto Workers union members striking in October 2019. Photo: Bill Pugliano/Getty Images

3.24 million work days were lost to labor strikes and lockouts in 2019, the most since 2004, according to the Bureau of Labor Statistics.

Why it matters: Labor disputes can cost workers and businesses in missed wages, decreased productivity and stunted revenues.