US share prices slumped after the central bank cut interest rates for the third time in a row but its economic projections signalled a slower pace of cuts next year. In a widely expected move, the Federal Reserve set its key lending rate in a target range of 4.25% to 4.5%. That is down a […]
The Dow plunged Wednesday on a disappointing outlook from the Federal Reserve. In the process, the blue-chip index extended its losing streak to 10 days — the longest such stretch since Gerald Ford was president. The Dow Jones Industrial Average ended the day down about 1,123 points, or 2.6%, after the Fed indicated in a […]
Buy now, pay later firm Sezzle’s shares plunged on Wednesday after Hindenburg Research disclosed a short position, citing risky lending practices alongside a decline in customers and merchants. The company, however, denied these allegations, calling them “misleading and out of context”, and said they “remain confident” in the outlook that was provided in conjunction with […]
Mastercard has joined forces with the Bank of Punjab (BOP) to enhance the bank’s proposition across consumer debit and credit, affluent portfolio, and loyalty offerings. The collaboration seeks to transform the bank’s digital ecosystem and its customers’ digital experience. Customers of BOP’s priority banking program, KHAAS, will now benefit from Mastercard’s World and World Elite […]
Honda and Nissan are discussing a possible merger, potentially bringing together two Japanese automaking titans that have recently fallen on hard times. The companies said in statement that they have been in talks, but they offered no details or timeframe for when a deal – if one should develop – may be completed. It’s also […]
Shares of Kioxia (285A.T), opens new tab soared 14% in their market debut on Wednesday, valuing the Bain-backed chipmaker at more than 890 billion yen ($5.80 billion) and highlighting strong investor demand for the third biggest IPO in Japan this year. Kioxia, a major manufacturer of memory chips, raised 120 billion yen after pricing its […]
Mastercard and Dgpays collaborate to enhance digital payments, fostering innovation, inclusion, and financial growth across EEMEA. Mastercard has announced a strategic partnership with Dgpays, a leading financial technology provider, to advance the adoption of digital payment solutions for consumers and businesses across Eastern Europe, the Middle East, and Africa (EEMEA). As part of the partnership, […]
Mastercard forecasts transformation in authentication, fraud prevention and B2B transactions as cybercrime risks reach US$10tn by 2025 As global cybercrime threats loom ever larger, Mastercard has unveiled plans to reinvent digital payments security through a combination of artificial intelligence and advanced authentication systems. The payments giant’s vision extends far beyond conventional security measures, encompassing a fundamental reshaping […]
After topping $1 trillion in market cap on Friday and soaring 24% for its best day on record, Broadcom’s stock jumped another 11% on Monday, driven by increased price targets from Wall Street. The latest rally was spurred by Broadcom’s better-than-expected earnings report late Thursday, and an uplifting outlook for the first quarter. Broadcom, which sells semiconductors and infrastructure […]
Asia-Pacific markets were mixed Tuesday, tracking mixed gains on Wall Street as investors look toward the U.S. Federal Reserve’s decision stateside. Australia’s S&P/ASX 200 traded 0.78% higher to close at 8,314. Japan’s Nikkei 225 and Topix fell 0.24% and 0.37% to close at 39,364.68 and 2,728.2 respectively. South Korea’s Kospi slipped 1.29% to close at 2,456.81, while the Kosdaq dropped 0.58% […]
A new way to shop has been gaining popularity, and may have been used for holiday gifts. More Americans are using Buy Now Pay Later (BNPL) services. Some people have turned to the plan to avoid accumulating massive credit card debt. These programs allow consumers to make a purchase without paying the full price upfront. […]
More than one-third of U.S. consumers are struggling with cash flow shortages, forcing them to make tough choices about how they pay for everyday necessities. Millennials, lower-income consumers, and those living paycheck to paycheck are especially vulnerable. Those are some key takeaways from the recent PYMNTS Intelligence report “How People Pay: Cash-Short Consumers Drive BNPL Usage.” It’s based on a survey of […]
