No single business leader did more to support former President Donald Trump’s candidacy than Elon Musk. But the billionaire and his business empire face both positives and negatives after Trump won back the presidency in Tuesday’s election. Musk has donated nearly $119 million so far to a political action committee he set up to support Trump, according […]
LONDON — Buy now, pay later firm Affirm launched Monday its installment loans in the U.K., in the company’s first expansion overseas. Founded in 2012, Affirm is an American fintech firm that offers flexible pay-over-time payment options. The company says it underwrites every individual transaction before making a lending decision, and doesn’t charge any late fees. Affirm, which […]
Nov 4 (Reuters) – Oil prices climbed nearly 3% on Monday on OPEC+’s decision for a month’s delay in plans to increase output, while investors also focused on the U.S. presidential election. Brent futures were up $1.98, or 2.7%, at $75.08 a barrel. U.S. West Texas Intermediate (WTI) crude rose $1.98, or 2.85%, to $71.47. Last week, […]
Australia’s central bank held its benchmark interest rate at 4.35% for the eighth meeting in a row, in line with expectations from economists polled by Reuters. In contrast to a more dovish stance from other central banks in advanced economies, the Reserve Bank of Australia wrote in its statement that “inflation has fallen substantially since […]
Digital payments platform Checkbook is joining the J.P. Morgan Payments Partner Network. The partnership will enable J.P. Morgan’s corporate clients to send digital checks, the companies said in a Monday (Nov. 4) news release. “Digital checks bring security and speed to the payment landscape, giving recipients more freedom by offering an additional method to receive funds,” the companies said […]
As the 2024 US elections draw closer, digital assets have become a political issue for the first time, as industry executives and advocates apply pressure on candidates to pass pro-industry policies and embrace the future of money. Clear and comprehensive digital asset policy in the United States remains elusive, as regulators like the Securities and […]
Third-person battle royale shooting game Off The Grid has released new character skins resembling the two candidates in the upcoming United States presidential election, leaving gamers calling the move “insane” and “wild.” Titled the “Save Democracy Content Pack,” the Nov. 2 gameplay trailer features character skins seemingly inspired by US presidential candidates Donald Trump and Kamala Harris, playing on […]
Berkshire Hathaway’s monstrous cash pile topped $300 billion in the third quarter as Warren Buffett continued his stock-selling spree and held back from repurchasing shares. The Omaha-based conglomerate saw its cash fortress swell to a record $325.2 billion by the end of September, up from $276.9 billion in the second quarter, according to its earnings […]
Oil prices rose slightly Friday on reports Iran was preparing a retaliatory strike on Israel from Iraq in the coming days. Brent futures gained 29 cents, or 0.4%, to close at $73.10 a barrel, while U.S. West Texas Intermediate added 23 cents, or 0.33%, to settle at $69.49. For the week, however, both contracts were still down […]
Bangladesh-based bank, Mutual Trust Bank PLC, has successfully migrated its e-commerce acquiring services to a payment gateway from UK-based paytech Compass Plus Technologies. Mutual Trust Bank has upgraded its service capabilities with the migrational, which has also enabled it to achieve 3DS 2.2 certification, ensuring secure, seamless transactions. The Dhaka-based bank explained that, driven by an […]
Consumers are increasingly seeking more personalised benefits from their credit card providers, such as rewards and loyalty points, according to a new survey by card issuing platform Marqeta. In its fourth annual ‘State of Credit‘ report, Marqeta found that customer loyalty to credit cards is shifting, as the public explore new financial products and services that […]
Boeing and its machinists’ union have agreed on a new negotiated offer to raise worker pay and potentially end a crippling strike that began almost seven weeks ago with a vote on the new proposal set for Monday. The union urged workers to approve the contract. “In every negotiation and strike, there is a point where […]
