Wall Street stocks advanced on Wednesday with the S&P 500 and the Dow scoring record closing highs after the release of Federal Reserve meeting minutes and ahead of September inflation data and the earnings season. Shares in market heavyweight Alphabet (GOOGL.O), opens new tab pared losses to finish down 1.5% after the U.S. Department of Justice said […]
It’s increasingly common for consumers to pay at the point of sale using Apple Pay or Google Pay. This transaction is made possible by two emerging payments technologies: contactless payments and digital wallets. If a customer has integrated a buy now, pay later option into their digital wallet, that single transaction could include three payments […]
The 10-year Treasury yield, a benchmark for mortgages and car loans, jumped back above 4% on Monday amid stronger labor market readings and despite the start of a Federal Reserve rate-cutting campaign last month. The 10-year yield was up more than 4 basis points to 4.024%, its highest since early August and a big turnaround […]
A US federal judge has ruled that Google must allow Android apps made by rival technology firms onto its Google Play app store for three years starting next month. The change was among several remedies ordered by Judge James Donato in a case brought against Google by Epic Games, the maker of the hit video […]
HOUSTON – Imagine you’re at the checkout line, ready to pay for your groceries, when you realize—you’ve left your card at home. Sounds like a hassle, right? Well, those days are coming to an end as one of Texas’ favorite grocers goes digital! H-E-B is rolling out its long-awaited tap-to-pay services across all its stores. […]
There’s a commonality in financial services — for brick-and-mortar players and for several FinTechs, though the approach may differ: Serving the needs of lower-income households. The big banks have lost at least some share to neobanks — FinTechs that have been able to carve out a niche serving households earning roughly $50,000 or less. Digital […]
September’s outsized payrolls boost takes the U.S. economy out of the shadows of recession and gives the Federal Reserve a fairly open glide path to a soft landing. If that sounds like a Goldilocks scenario, it’s probably not far from it, even with the lingering inflation concerns that are straining consumers’ wallets. A gravity-defying jobs […]
Toy manufacturer LEGO Group has reportedly removed a “LEGO Coin” token scam that briefly appeared on its homepage after being hacked on Oct. 5, reports state. X user and LEGO enthusiast “ZTBricks” was among the first to spot the scam, which promised “secret rewards” to those who bought LEGO Coin, several screenshots on X show: “Our new […]
The Consumer Financial Protection Bureau (CFPB) and Federal Reserve raised the dollar thresholds for applicability of Truth in Lending (Regulation Z) and Consumer Leasing (Regulation M) rules. In 2025, these rules generally will apply to consumer credit transactions and consumer leases of $71,900 or less, the regulators said in a Friday (Oct. 4) press release. The agencies must adjust these thresholds each year based […]
September’s jobs picture is expected to look a lot like August’s — a gradual slowdown in hiring from earlier this year, a modest increase in wages and a labor market that is looking a lot like many policymakers had hoped it would. Nonfarm payrolls are projected to show growth of 150,000, from 142,000 the month […]
FOMO Pay, a Singapore-based major payment institution, has announced a partnership with Visa. Through this collaboration, FOMO Pay will integrate Visa’s QR into the SGQR network, enabling cardholders to scan the QR code and pay with their Visa cards. FOMO Pay will enable SGQR merchants to accept Visa QR payments, enabling the use of Visa […]
U.S. East Coast and Gulf Coast ports began reopening late on Thursday after dockworkers and port operators reached a wage deal to settle the industry’s biggest work stoppage in nearly half a century, but clearing the cargo backlog will take time. The strike ended sooner than investors had expected, weakening shipping stocks across Asia on […]
