The deluge of goodbye messages from people leaving X began shortly after Donald Trump’s election victory last week. In explaining their decision, many in the exodus cited the same thing: The huge support Elon Musk, the social media service’s owner, gave the Republican candidate during the campaign and the increasing nastiness on his site. Jody […]
Disney stock (DIS) popped on Thursday after the company reported fiscal fourth quarter earnings per share and revenue that topped Wall Street estimates and its direct-to-consumer business built on recent momentum and swung to a profit. Strong guidance for the next two years also fueled investor optimism, sending shares up over 10% in early trading […]
PayPal has begun rolling out a feature that makes it easier for its customers and their friends and family to pool money for shared expenses. The new Pool Money feature is now rolling out to PayPal customers in the U.S., Germany, Italy and Spain, and is set to launch in the U.K. soon, the company said in a Thursday […]
Santander Bank, N.A. (“Santander” or “the Bank”) announced today that is has expanded its suite of digital cash management solutions to enhance the commercial client experience while reducing its overall cost to serve. With an increased focus on mobile banking and investments in treasury products, the Bank will continue to expand its offerings in 2025. […]
Japan’s third-quarter real gross domestic product expanded 0.3% year on year, snapping two straight quarters of year-on-year decline, according to government data released Friday. The GDP reading marked a reversal from the revised 1.1% decline seen in the second quarter. The data comes against the backdrop of the Bank of Japan raising rates from 0.1% […]
Two-thirds of businesses across Europe believe that legacy banks are too slow to meet their financial needs, according to a new survey conducted by global financial app Revolut Business and market research firm Dynata. The survey also found that nearly 80 per cent of businesses have faced issues with high fees, slow transactions and poor mobile experiences from […]
New research from banking and financial services company, Virgin Money has found that there is a gap between SME decision makers’ awareness of environmental, social and governance (ESG) targets and the actions being taken to achieve them. Virgin Money found that 71 per cent of decision-makers acknowledge that adopting ESG practices is important to their customers. However, only […]
European stocks are expected to open positive territory Wednesday, with global markets focused on upcoming U.S. inflation data. The U.K.’s FTSE 100 index is expected to open 36 points higher at 8,056, Germany’s DAX up 38 points at 19,081, France’s CAC up 11 points at 7,356 and Italy’s FTSE MIB up 68 points at 33,335, according to data from IG. Earnings are set […]
SoftBank Group Corp. will be the first to build a supercomputer with chips using Nvidia Corp.’s new Blackwell design, a demonstration of the Japanese company’s ambitions to catch up on AI. SoftBank’s telecom unit plans to build Japan’s most powerful AI supercomputer to support a wide range of local services, the two companies said. That […]
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 […]
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 […]
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’ […]
