Boeing and its machinists’ union have agreed on a new negotiated offer to raise worker pay and potentially end a crippling strike that began almost seven weeks ago with a vote on the new proposal set for Monday. The union urged workers to approve the contract. “In every negotiation and strike, there is a point where […]
Amazon reported better-than-expected earnings and revenue for the third quarter, driven by growth in its cloud computing and advertising businesses. The stock ticked about 5% higher in extended trading. Here are the results. Earnings: $1.43 vs $1.14 per share expected by LSEG Revenue: $158.88 billion vs $157.2 billion expected by LSEG Wall Street is also watching several other numbers […]
Consumers are increasingly seeking more personalised benefits from their credit card providers, such as rewards and loyalty points, according to a new survey by card issuing platform Marqeta. In its fourth annual ‘State of Credit‘ report, Marqeta found that customer loyalty to credit cards is shifting, as the public explore new financial products and services that […]
Bangladesh-based bank, Mutual Trust Bank PLC, has successfully migrated its e-commerce acquiring services to a payment gateway from UK-based paytech Compass Plus Technologies. Mutual Trust Bank has upgraded its service capabilities with the migrational, which has also enabled it to achieve 3DS 2.2 certification, ensuring secure, seamless transactions. The Dhaka-based bank explained that, driven by an […]
Asia-Pacific markets slipped Thursday as investors look to the Bank of Japan’s rate decision, as well as key business activity figures from China. The BOJ held its benchmark policy rate at 0.25%, unchanged from the previous meeting. The bank released a two-line statement simply stating the decision, with no clues on the timing of its […]
An unknown PR agency that claims to know the true identity of Bitcoin creator Satoshi Nakamoto says it will reveal this long-held secret in a press conference on Oct. 31, inviting attendees in London to “Meet Satoshi.” There are more than a few red flags about the announcement however. In an Oct. 30 press release, a […]
Meta has been so quick to build out its massive data center and computing infrastructure for artificial intelligence projects that CEO Mark Zuckerberg is even a bit surprised. In a call with analysts on Wednesday after Meta’s third-quarter earnings report, Zuckerberg explained to investors how Meta’s rising costs for the year are tied to the […]
Cryptocurrency exchange Coinbase, one of the biggest partners of the political action committee (PAC) Fairshake and the Stand With Crypto political initiative, said it was optimistic about pro-crypto legislation going into a new Congress. In its shareholder letter for the third quarter of 2024, released on Oct. 30, the company said it was “prepared to work with […]
Fintechs Bizcuit, Valerian Capital and tilt are among the 10 recipients of Mastercard’s Strive EU Innovation Fund, each awarded €500,000 to develop solutions that address the unique challenges facing small businesses across Europe. The Mastercard Strive EU programme, part of Mastercard’s global Strive initiative, is designed to strengthen and grow Europe’s small business community by supporting innovations that help businesses […]
Citi, the banking partner for institutions with cross-border needs, has forged a new partnership with Google Cloud, the global AI, infrastructure, developer, data and security service provider, to modernise its technology infrastructure and enhance employee and client experiences on cloud-based applications. Through a strategic, multi-year agreement, Citi will migrate multiple workloads and applications to secure and […]
Chipotle Mexican Grill on Tuesday reported mixed quarterly results despite another quarter of higher traffic to its restaurants. Shares of the company fell 3% in extended trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 27 cents adjusted vs. 25 cents expected Revenue: […]
Google parent Alphabet’s (GOOG, GOOGL) stock surged 6% in after-hours trading Tuesday as the company reported fiscal third quarter earnings that beat analysts’ estimates on the top and bottom lines, helped by strong growth in its cloud business. The search giant reported earnings per share of $2.12 on revenue of $88.27 billion for the quarter […]
