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With the growing adoption of electronic payments in emerging markets, global issuance of payment cards is projected to grow 36% to 18.3 billion during 2011-2016.
Minnesota’s first black-led credit union is partnering with Square to bring financial education and technology to North Minneapolis.
“The price is too high,’’ Eric Yuan said in an interview with Bloomberg TV on Thursday. Shares of the video-conferencing service rose as much as 83 percent above its initial public offering price, and closed up 72 percent at $62 at in New York, valuing the company at $15.9 billion. The jump in the shares puts Zoom’s valuation above that of two companies that raised more money in their recent IPOs.
The Dow Jones Industrial Average got a lift from a strong U.S. retail sales report and mostly better-than-expected earnings. nearly 2% after the credit card company posted stronger-than-expected first-quarter earnings, but rising expenses and rewards program costs ate into its bottom line. Stocks ended in positive territory Thursday buoyed by a strong U.S. retail sales report and mostly better-than-expected earnings.
Recent IPO StoneCo, which has backing from Warren Buffett, shed a quarter of its value Thursday as competition in the Brazilian payments space heats up
Credit card giant American Express reported mixed first-quarter results early Thursday, kicking off results for big payments stocks.
Berkshire-Backed StoneCo Tumbles after ITUB Ups AnteStoneCoStoneCo (STNE) was trading down 27.6% as of 1:30 PM ET. The negative price action was driven by an announcement by Itaú Unibanco Holding (ITUB). Reuters reported, “Rede, Itaú’s card
Read about the most important subsidiaries of American Express Company, including two banks, an insurance company and a fraud protection company.
The Dow Jones today was in the driver's seat in afternoon trading Thursday, led by Travelers and American Express which reported strong earnings.
AmEx has been bolstering its rewards programs and relying on partnerships to get customers to spend more. Last year, it renewed partnership with Delta Air Lines Inc that brought in over a million customers over the past two years, the company said. The rewards program helped push quarterly card customer spending up 4 percent from a year ago.
Dow Jones stock Travelers beat the Street's consensus estimates on revenue and earnings. American Express topped estimates on earnings but missed on sales.
American Express posted stronger-than-expected first quarter earnings Thursday, and held onto its full-year outlook, but rising expenses and rewards program costs ate into its bottom line.
The stock market was sharply mixed early Thursday. Tech stocks lagged with the Nasdaq falling 0.4%. Hot IPO stock StoneCo crashed 20%.
Does FleetCor Technologies (FLT) have what it takes to be a top stock pick for momentum investors? Let's find out.
While many eyes will turn to the Pinterest and Zoom initial public offerings, part of a strong run of tech IPOs recently, most of the attention will fall on the Justice Department’s release of the redacted Mueller report into U.S. President Donald Trump and Russia. The debate over whether tech stocks will fall when the economic cycle turns to contraction, and businesses and consumers pull back on spending, has heated up in recent years.
Wall Street was set to open slightly higher on Thursday, ahead of a long Easter weekend, supported by robust retail sales data, with investors eying the release of a long-awaited Mueller report. U.S. retail sales increased by the most in 1-1/2 years in March, the latest indication that economic growth picked up in the first quarter after a false start. "Retail sales really came back roaring.
American Express (AXP) delivered earnings and revenue surprises of 0.50% and -1.21%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?