Google is considering spending $23 billion to buy Wiz, a cloud cybersecurity startup with partners that include Amazon and Oracle, reports The Wall Street Journal. At close to twice what it spent for Motorola Mobility in 2012, it would be the most Google has ever paid for another company. The New York City-based Wiz offers […]
Japan likely spent some 3 trillion yen ($19 billion) overnight to lift the yen from a 37-year low versus the U.S. dollar, market estimates and data showed Friday, despite government officials remaining reticent on whether authorities intervened. The suspected fresh market foray apparently sent the dollar tumbling over 4 yen from 161 yen in a […]
Despite Republican attacks on President Joe Biden and his handling of the economy, a survey of economists finds that most believe inflation will be worse if Donald Trump returns to the White House, the Wall Street Journal reported. That’s not all: According to the quarterly survey of economic forecasters, most also belief Trump would be […]
KPMG has launched a new ‘Clear on Climate’ reporting hub, which will provide insight and guidance to organisations looking to better understand how to best report on climate-related matters. As the general public becomes increasingly interested in how companies report on net-zero commitments and climate-related issues caused by climate change, regulator and stakeholder scrutiny of financial reports is […]
With Consumer Duty’s next deadline looming, new research from engagement, data and customer journey platform Moneyhub reveals just how much work firms still have to do before they realise the business and consumer benefits of the Duty. A year on from the introduction of the Financial Conduct Authority’s (FCA) Consumer Duty obligations, as many as two-fifths of customers have not noticed […]
Macy’s sent a letter to its card users announcing an increase in the interest rate on its credit card to 34.49%, which appears to be a record high. Macy’s joins a group of other retailers now offering APRs over 30% on their store cards, including Petco, Good Sam, Michaels, and Exxon Mobil. Store-only cards charge […]
Co-branded cards offer a more versatile alternative to the traditional private label store cards. Consumers can use their Amazon Chase Visa card to purchase goods from Amazon and buy groceries at their local store. Chase can adjust the rewards program to encourage everyday spending while maintaining loyalty among brand customers and offering the same options […]
Has there been any high-profile stock more volatile than Tesla (NASDAQ: TSLA) lately? Following a burst of investor optimism on the back of the company’s latest delivery figures, the bears took over on Wednesday. A disquieting media report was responsible for the rapid mood change; this drove Tesla’s share price down by more than 8% across the Hump […]
The dollar lost around 2% against the Japanese yen on Thursday as the market was suddenly jolted by fresh inflation U.S. data. The yen traded at 158.55 against the U.S. dollar at roughly 3 p.m. London time after trading nearer 161.52 earlier in the session. It was the yen’s biggest daily rise since late 2022, according to Reuters. The […]
Marriott International has launched an online travel booking program designed for small- to medium-sized businesses (SMBs). The new Business Access by Marriott Bonvoy combines a suite of online booking tools with benefits and rewards from Marriott Bonvoy’s portfolio of brands, the company said in a Tuesday (July 9) press release. “Whether small- to medium-sized businesses […]
Esker has expanded its Source-to-Pay (S2P) platform to include new features focused on helping businesses comply with environmental, social and governance (ESG) regulations worldwide. These features are designed to help chief financial officers (CFOs) manage continually evolving regulatory frameworks, mitigate risk and enhance visibility, reporting and collaboration, the company said in a Tuesday (July 9) […]
Anyone out shopping for a home today knows there is still precious little for sale. The housing market is just beginning to come out of its leanest few years in history. Inventory of both new and existing homes is finally rising, but there is something suddenly strange in the numbers: The supply of newly built […]
