Although many stores are closed on the federal holiday of New Year’s Day, the same isn’t the case for New Year’s Eve, which for 2024 falls on Tuesday, Dec. 31. And while most retailers are open on New Year’s Eve, many have shortened hours or close early. Here’s what’s open and closed on New Year’s […]
India on Tuesday delayed the implementation of market share caps for a popular digital payments method by two years, a move that will benefit Google Pay and Walmart (WMT.N), opens new tab-backed PhonePe. According to the proposal, first made in November 2020, digital payment firms would not be allowed to hold more than 30% share […]
Mortgage rates rose again this week to end the year slightly higher than where they began. The average 30-year fixed-rate mortgage rate was 6.85% for the week through Wednesday, according to Freddie Mac data. That’s up from 6.72% a week earlier. Average 15-year mortgage rates rose to 6% from 5.92%. “Mortgage rates increased for the […]
Elon Musk has never been one to shy away from bold ventures, and his latest ambition might just blur the lines between social media and banking. With his recent appointment as the Minister of Government Efficiency in a prospective Trump administration, Musk appears poised to leverage his influence and experience to transform X—formerly known as […]
Michigan made is something to be proud of, but with a new administration coming into play at the White House next year questions about the financial outlook for 2025 continue to pop up. This comes as President Elect Donald Trump Tariff policy continues to loom over the economic future of the country. Trump announced back […]
British shoppers risk starting the New Year with a debt time-bomb after spending a record £3.4 billion using the buy now, pay later (BNPL) type of credit over the festive period. New figures showed that more consumers than ever have turned to the unregulated form of credit to fund Christmas this year. Despite Labour’s vow […]
Banks are striving for digital innovation but regulatory constraints, data security and privacy concerns, integration challenges, and the high costs of enabling change prevent 70% from achieving their transformation goals. Considering the speed that technology is evolving, the alternative of standing still isn’t an option. How can banks cross the threshold into a digital future to enhance experiences, […]
Holiday shopping is wrapping up and if you realize you accidentally bought your son the wrong color race car, you might be looking to return or exchange the item. But how do you do this if you used a Buy Now Pay Later plan? In most cases, you’ll be able to initiate a return the […]
Apple shares edged higher in early Thursday trading as a longtime bull on the stock suggests its march to a $4 trillion valuation “is still being underestimated by” Wall Street. Apple (AAPL) shares have risen nearly 10% over the past month, and have added more than $720 billion in market value since their early-August trough, […]
It’s great to get a gift. What’s even better? Exchanging that gift for one that fits better or something you actually wanted. As the annual holiday gift exchanges wind down, it’s time for the second round of exchanges – the returning of gifts to stores or online retailers for something else. Of course, this happens […]
Global payment provider, Mastercard is aiming to bring one billion people and 50 million micro, small and medium enterprises (MSMEs) into the digital economy by 2025. Taking a step towards achieving this goal, it has partnered with Boost, the business-to-business (B2B) commerce platform, to drive the growth of firms operating in last-mile fast-moving consumer goods […]
The year 2024 marked another period of consolidation and strategic growth for Brazil’s digital banking platform Nubank (NYSE: NU). The firm surpassed 100 million customers and reaffirmed its prominent position in the market by expanding its presence in the “high-income segment, pursuing international growth” with a focus on Mexico, and further diversifying its existing portfolio […]
