Ark Invest CEO Cathie Wood sees a bright future ahead with President-elect Trump’s return to the White House and predicted over the weekend that his policy agenda will likely usher in economic growth not seen in decades. In a post-election message to investors released Sunday, Wood likened America’s current economic situation to the early 1980s […]
Hong Kong’s Hang Seng index dropped 2.76%, while mainland China’s CSI 300 fell 0.66%. Australia’s S&P/ASX 200 closed 0.13% lower at 8,255.6. South Korea’s Kospi fell by 1.83%, while the Kosdaq Index dropped 2.56%. Japan’s Nikkei 225 slipped 0.57% while the Topix traded around the flatline. Traders in Asia-Pacific also assessed economic data from the region, including a survey from the National Australia […]
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 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 […]
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’ […]
Whether online or in-store, consumers today expect to be able to pay for goods and services in the manner they choose, be it credit, debit, ACH, PayPal, Venmo, etc. Consumer-facing companies have, for some time now, been investing in and integrating a wide range of payment capabilities to accommodate this expectation and provide their customers […]
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 […]
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 […]
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, […]
Residents will have the option beginning in mid-2025 to make the payments with the digital currency through a secure platform managed by PayPal. City leaders hope the move will help attract and retain tech startups in the Motor City. “Detroit is building a technology-friendly environment that empowers residents and entrepreneurs,” said Mayor Mike Duggan. “We […]
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 […]
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 […]
