Costco is increasing its pay to more than $30 an hour for hundreds of thousands of workers, with clerks at the top of the retailer’s pay scale set to make almost $32 an hour in March. Costco — which employs 272,000 people across the United States and in Canada — says its workers will soon […]
Switzerland’s largest bank, UBS, is experimenting with blockchain technology to modernize digital gold investments for retail investors. The Union Bank of Switzerland (UBS), with over $5.7 trillion in assets under management, has completed a proof-of-concept for its fractional gold investment product, UBS Key4 Gold, on the Ethereum layer-2 (L2) network ZKsync Validium. By leveraging ZKsync, […]
It’s deja vu all over again in crypto after a hopeful report on a tariff delay was refuted by the White House. To review, President Trump on Thursday promised to impose 25% tariffs on Mexico and Canada beginning Saturday Feb. 1. Having rallied over $106,000 prior to that news, bitcoin (BTC) quickly reversed 2% lower […]
Inflation closed out 2024 on a strong note, as a price gauge the Federal Reserve focuses on came in well above the central bank’s target, the Commerce Department reported Friday. The personal consumption expenditures price index increased 2.6% on a year-over-year basis in December, 0.2 percentage point higher than the November reading and in line […]
Apple’s overall revenue rose 4% in its first fiscal quarter, but it missed on Wall Street’s iPhone sales expectations and saw sales in China decline 11.1%, the company reported Thursday. But shares rose about 3% in extended trading after the company gave a forecast for the March quarter that suggested revenue growth. Here’s how Apple did versus […]
Lloyds Banking Group (LLOY.L), opens new tab will shut 136 branches in the United Kingdom to match customers’ transition to digital banking but will not cut jobs, the lender said on Wednesday. Lloyds shut several branches in the past few years across England and some in Wales, after the COVID-19 pandemic led consumers to switch […]
Nasdaq reported a higher fourth-quarter profit on Wednesday, helped by strong demand for the exchange operator’s financial technology products. The company has been expanding outside its market-sensitive core activities of trading and listing to products that help traders navigate compliance requirements and safeguard against financial crimes. Revenue from Nasdaq’s financial technology business rose nearly 9.8% […]
A decline in investor fears over DeepSeek’s low-cost AI subs drowned out Nvidia (NVDA, Financial) shares on Tuesday, which rebounded 9 percent after plummeting 16 percent on Monday. Such concerns about the Chinese AI startup’s efficiency breakthrough triggering a sell-off that erased nearly $600 billion in Nvidia’s market value were at the heart of the […]
Brooklyn Travel, a Scottish travel group with multiple brands, has selected a payment orchestration solution from BR-DGE to modernise its tech stack and expand the number of payment method choices it offers its end customers.Glasgow-based Brooklyn Travel has signed a three-year deal for fellow Scottish trailblazer BR-DGE to become its sole payments orchestrator. Through the […]
Two months ago, in his first network television interview after the election, Donald Trump said he owed his victory to Americans’ anger over immigration and inflation, specifically the rising cost of groceries. “When you buy apples, when you buy bacon, when you buy eggs, they would double and triple the price over a short period […]
Perplexity AI on Sunday revised the merger proposal it had submitted to TikTok parent ByteDance. The proposal, which would create a new entity combining Perplexity and TikTok U.S., would now also allow for the U.S. government to own up to 50% of the new company upon a future IPO, CNBC has learned. A proposal document […]
Embedded finance specialist, Weavr has raised a serious cause for concern amongst employers as it found that employees in the UK lost an estimated £690million in unclaimed and unpaid expenses, with 81 per cent stating they were left out of pocket by their employer for more than a month, leading to financial and mental health concerns. The Weavr report, The […]
