Starbucks on Tuesday reported that its same-store sales slid for the fourth consecutive quarter, but the company’s quarterly earnings and revenue beat Wall Street’s expectations. The coffee giant kicked off a turnaround plan last quarter in the hopes of reviving its U.S. business, which has slumped over the past year. “While we have room for improvement, we’re making progress as planned, and […]
The private banking industry, long defined by exclusivity, discretion and personalized service by relationship managers, is in the crosshairs of fintech firms that want a slice of the fast-growing business of managing money for the wealthy. The newcomers are aggressive, favoring in-your-face advertisements over partnerships with luxury brands or mingling at high-society events to identify […]
Two months ago, in his first network television interview after the election, Donald Trump said he owed his victory to Americans’ anger over immigration and inflation, specifically the rising cost of groceries. “When you buy apples, when you buy bacon, when you buy eggs, they would double and triple the price over a short period […]
Brooklyn Travel, a Scottish travel group with multiple brands, has selected a payment orchestration solution from BR-DGE to modernise its tech stack and expand the number of payment method choices it offers its end customers. Glasgow-based Brooklyn Travel has signed a three-year deal for fellow Scottish trailblazer BR-DGE to become its sole payments orchestrator. Through […]
Embedded finance specialist, Weavr has raised a serious cause for concern amongst employers as it found that employees in the UK lost an estimated £690million in unclaimed and unpaid expenses, with 81 per cent stating they were left out of pocket by their employer for more than a month, leading to financial and mental health concerns. The Weavr report, The […]
Perplexity AI on Sunday revised the merger proposal it had submitted to TikTok parent ByteDance. The proposal, which would create a new entity combining Perplexity and TikTok U.S., would now also allow for the U.S. government to own up to 50% of the new company upon a future IPO, CNBC has learned. A proposal document […]
Liquefied natural gas exporter Venture Global said on Thursday it had raised $1.75 billion, marking the first big initial public offering of President Donald Trump’s second term as investors bet on his plan to boost U.S. energy production. Venture Global is the second-largest exporter of liquefied natural gas, or LNG, in the United States, and […]
The new Senate subcommittee focused on the blockchain world will be led by two solidly pro-crypto legislators: Sen. Cynthia Lummis (R.-Wyo.) will chair while Sen. Ruben Gallego (D-Ariz.) will serve as its ranking member. Why it matters: Gallego had the backing of Fairshake and its affiliated pro-crypto PACs. His appointment is a win for the industry and […]
Berkshire Shares in Nubank Rises to 0.4% Berkshire Hathaway’s stake in Nubank rose from 0.1% in Q4 2022 to 0.4% in Q3 2024, according to recent U.S. Securities and Exchange Commission (SEC) filings. This increased Hathaway’s holdings to 86 million Nubank shares, valued at nearly $1.2 billion. Nubank is a digital banking business based in […]
Mortgage rates finally broke a six-week streak of increases, but the decline will not provide much relief, as long-term rates dipped just below 7%. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage dropped to 6.96%, down from last week’s reading of 7.04%. The […]
Tech stocks led the market on Wednesday as Netflix (NFLX) stock surged to a record, while President Donald Trump’s boost to AI demand hopes outweighed fresh tariff worries. The Nasdaq Composite (^IXIC) rose nearly 1.3%, bolstered by a jump in Netflix shares on the heels of surprisingly strong earnings. The S&P 500 (^GSPC) climbed more […]
Netflix stock (NFLX) closed at an all-time high on Wednesday, finishing the day up nearly 10% as Wall Street analysts praised the company’s fourth quarter earnings results. Shortly after the opening bell, the stock leaped to around $1,000 a share as analysts rushed to increase their respective price targets. Pivotal Research upped its target from […]
