Asia-Pacific markets mostly slip as China data and stimulus fall short of expectations

Asia-Pacific markets fell Monday after China’s latest stimulus measures underwhelmed and its October inflation numbers came in lower than expected, prompting concerns over the recovery in the world’s second-largest economy. Beijing announced a five-year stimulus package worth 10 trillion yuan ($1.4 trillion) to tackle local government debt problems on Friday. However, some analysts doubt it […]

AmEx inks data sharing deal with MX

AmEx says the arrangement means customers will now be able to better manage their personal finances and business expenses via secure connections of their card accounts with third-party financial institutions and fintech apps through MX. The integration allows customers to leverage AmEx’s secure authentication procedures while eliminating the need for credential sharing, improving data accuracy […]

Trump’s presidency carries plenty of market risk, experts warn

Stocks notched their best week of the year as investors cheered President-elect Donald Trump’s economic agenda. “Tax cuts are behind the rally … and in general, there is the perception that markets like Republican administrations, although certainly the performance for the past few years of the Democratic administration has not exactly been shabby,” Interactive Brokers’ […]

With Nvidia Replacing Intel in the Dow Jones, Is It Time to Redefine What It Means to Be a Blue Chip Stock?

Some Dow Jones components are far from passive income powerhouses. The Dow Jones Industrial Average (^DJI 0.59%) is making its second major change in 2024. Earlier this year, Amazon (AMZN -0.89%) replaced Walgreens Boots Alliance. Now, Nvidia (NVDA -0.84%) is swapping with Intel, and Sherwin-Williams is replacing chemical giant Dow. Here’s why the shakeups in […]

How Trump’s administration may rework payments policies

The election of Donald Trump as president will shape the evolving payments landscape as his administration touches everything from stablecoins to earned wage access policies to federal antitrust priorities. With payments processes caught up in rapid change, new laws and regulatory policies put forward by his administration will be influential, for better or worse, in […]

Can Anything Save Super Micro Computer?

Following the last several months of challenges, management must act fast to win back investors. What is going on at Super Micro Computer (SMCI -3.77%)? Shares of the once high-flying artificial intelligence (AI) server company have collapsed after a growing scandal has enveloped the business. This timeline shows how the story has unfolded: Aug. 27: In a short-seller report, […]

American Airlines loses appeal of ruling barring JetBlue alliance

A U.S. appeals court rejected on Friday a bid by American Airlines to overturn a judge’s decision that sided with the U.S. Department of Justice and declared that its now-scrapped U.S. Northeast partnership with JetBlue Airways was anticompetitive. The Boston-based 1st U.S. Circuit Court of Appeals agreed with the lower-court judge that the airlines’ Northeast Alliance joint venture that allowed the […]

UBS Successfully Pilots Blockchain-based Payment Solution for Cross-Border Transactions

Global asset manager and Swiss bank UBS has developed and successfully piloted a blockchain-based payment solution, aiming to increase efficiency and transparency, as well as enable the programmability of money movements for corporate and institutional clients. The solution, dubbed UBS Digital Cash, aims to increase the transparency and security of cross-border payments with blockchain-based payments. Cross-border payments often […]

Pinterest stock plunges following weak Q4 revenue guidance

Pinterest shares plunged as much as 15% on Thursday after the social media company provided soft guidance for its fourth-quarter revenue despite beating on the top and bottom lines with its third-quarter earnings. Here’s how the company performed, according to LSEG: Revenue: $898 million vs. $896 million expected Earnings per share: 40 cents adjusted vs. 34 cents […]

TerraPay Teams up With Suyool to Enhance Financial Accessibility in Lebanon

Money movement firm TerraPay is aiming to enhance financial accessibility in Lebanon through a new partnership with Suyool, a licensed financial ecosystem regulated by Banque du Liban. Through the new partnership, TerraPay and Suyool are aiming to address the growing demand for fast, secure, and convenient remittance services in Lebanon. Lebanon remains heavily reliant on remittances, with over $6.5billion […]