US stocks closed firmly lower on Tuesday after Iran fired over 100 ballistic missiles at Israel, pushing oil prices for West Texas Intermediate (CL=F) and Brent (BZ=F) to their biggest increases in nearly a year. The tech-heavy Nasdaq Composite (^IXIC) led the declines, shedding around 1.5%. The Dow Jones Industrial Average (^DJI) moved about 0.4% […]
Physical demand for gold across key markets has tumbled as prices continue to rise, with some retail consumers opting to sell their holdings and book the profit, industry players and analysts said. Spot gold rose to a record $2,685.42 per ounce on Sept. 26, and has gained around 29% so far this year – heading […]
PENNSYLVANIA, USA — On Monday, Pennsylvania Turnpike officials announced that customers can now use Google Pay and Apple Pay as the newest options to pay tolls. “These new payment options deliver what the majority of our customers want: seamless and convenient mobility,” said Pa. Turnpike CEO Mark Compton. “Our customers have a clear preference for […]
Mastercard and Amazon have teamed to digitize payment acceptance in Africa and the Middle East. The partnership between Mastercard and Amazon Payment Services, announced Monday (Sept. 30), covers countries that include Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and the United Arab Emirates. The collaboration will see Amazon Payment Services adopt Mastercard Gateway […]
The harmonized German consumer price index eased to 1.8% in September, coming in lower than expected, preliminary data from the country’s statistics office Destatis showed on Monday. The September harmonized CPI figure had been forecast to come in at 1.9% according to a Reuters poll. In August, the harmonized CPI had surprisingly eased to 2%. […]
DETROIT — Ford Motor is aiming to boost sales of its electric vehicles by addressing potential customer concerns through a new program that includes free home-charging installation and other benefits. The “Ford Power Promise” program begins Tuesday for customers who purchase or lease a new Ford EV such as the F-150 Lightning pickup truck or Mustang Mach-E crossover. Part of […]
Last week, the Federal Reserve cut interest rates by half a percentage point. Now, The Wall Street Journal reported Thursday (Sept. 26), small business owners aren’t sure how to proceed. In some cases, the report says, the rate cut is prompting businesses to invest. For example, there’s Rental Concepts, a tire-and-wheel retailer in Arkansas, which […]
A new digital wallet and instant payment solution dubbed “Wero” is reportedly being rolled out across western Europe. Backed by 16 of the European Union’s major banks and payment processors, Wero will allow consumers to pay with their own bank account, Bloomberg reported Friday (Sept. 27). Wero aims to provide consumers with an alternative to Visa and Mastercard cards, according to […]
Stocks drifted higher over the past week, with the S&P 500 (^GSPC) notching several record closes as investors digested more signs of cooling inflation amid resilient economic growth data. For the week, the S&P 500 and Dow Jones Industrial Average (^DJI) were up about 0.7%. Meanwhile, the Nasdaq Composite (^IXIC) popped nearly 1%. In the […]
China’s factory activity contracted for a fifth consecutive month in September as the world’s second-largest economy struggles to revive its growth momentum. The official manufacturing purchasing managers’ index came in at 49.8 in September, compared with 49.1 in August, 49.4 in July and 49.5 in June, according to data from the National Bureau of Statistics […]
Swedish fintech giant to launch buy now, pay later services on Adyen’s payment terminals across Europe, North America and Australia Klarna, the Swedish financial technology company specialising in buy now, pay later (BNPL) services, has announced an expanded partnership with Adyen, the Dutch payment processing platform, to extend its offerings to physical retail locations. The collaboration will see Klarna’s BNPL […]
Donald Trump has identified what he sees as an all-purpose fix for what ails America: Slap huge new tariffs on foreign goods entering the United States. The former president and current Republican nominee asserts that tariffs — basically import taxes — will create more factory jobs, shrink the federal deficit, lower food prices and allow […]
