credit cards

Visa, Inc (NYSE: V) was trading mostly flat Thursday as the company heads into its quarterly report after the close. When Visa printed a fourth-quarter earnings beat on Oct. 24, 2023, the stock was volatile the following day but closed up 0.94% before declining about 3% over the subsequent two...

American Express Company (NYSE:AXP), will be announcing its fourth-quarter earnings on Jan. 26. Wall Street expects $2.64 in EPS and $16 billion in revenues as the company reports before market hours. American Express is one of the leading card issuers in the U.S. It’s known for its top-...

Shares in homebuilders fell sharply this week following fourth-quarter results from D.R. Horton Inc (NYSE:DHI) which showed the company had to pile on the sales incentives to generate its top-line growth. Thus, even though the biggest house builder in the U.S. generated annual revenue growth of 6.4...

Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA) are two of the biggest players in the U.S. credit card space. While Visa is reporting fourth-quarter (Q4) earnings on Jan. 25, Mastercard is reporting on Jan. 31. The two firms compare well in terms of scale and market performance. Let's take a quick...

Payments giant Visa Inc (NYSE: V) Thursday announced the launch of its Web3 Loyalty Engagement Solution, a pioneering service designed to transform customer engagement and loyalty in the digital era. This new platform offers an innovative approach for brands to interact with their customers in...

South Korea is taking steps to tighten cryptocurrency regulations, aiming to ban the use of credit cards for purchasing cryptocurrencies. The Financial Services Commission proposed amending the Credit Finance Act to explicitly prohibit using credit cards to buy cryptocurrency. This...

Brian Barnes, founder and CEO of M1 Finance on Monday delved into the integration of cryptocurrency into M1's platform, aligning it with the company's strategy of long-term wealth building rather than short-term trading, marking a significant step in modernizing financial services....

While there has been speculation that technology giant Apple Inc (NASDAQ: AAPL) will release an electric vehicle, the company has not delivered on this initiative. That doesn’t stop Apple from offering a new incentive for consumers who have an electric vehicle of their own. What Happened:...

Despite enjoying a recession-free period longer than most anticipated, recent findings from a survey conducted by Bloomberg reveal that the U.S. consumer’s resilience might soon wane. Over half of the 526 participants of Bloomberg’s Markets Live Pulse Survey anticipate U.S. personal...

Payment giant Mastercard Inc. (NYSE: MA) is integrating its commercial card service with India-based supply chain finance platform KredX. With AI assistance, KredX offers features like dynamic discounting, early payment options, and price discovery which will thereby improve cash flow and enhance...

Tim Cook has been the CEO of Apple since August 2011, when he took over from co-founder Steve Jobs. Despite a net worth of more than $1 billion, Cook was rejected from getting the Apple Card from his own company. Here’s the story. What Happened: The Apple Card launched in August 2019 through...

Capital One Financial Corp (NYSE:COF) is slated to issue its second-quarter earnings report on Thursday after the market closes. Investors will use Capital One's earnings print as a way to gauge the health of the U.S. consumer economy, using indicators like the provision for credit losses and net...

Retail investor-friendly brokerage Robinhood Markets Inc (NASDAQ:HOOD) is pushing the boundaries of the fintech space with its strategic acquisition of San Francisco-based X1, a platform that offers a no-fee credit card. What Happened: The move marks a step in Robinhood's journey to broaden its...

In April, total card expenditure per household was down 1.2% year on year, as measured by Bank of America aggregated credit and debit cards. This follows the trend seen in consumer prices.  The credit card data captured by Bank of America marked the first decline in card...

Payment processor and credit card giant Visa Inc (NYSE: V) reported second-quarter financial results after market close Tuesday. Here are the key highlights. What Happened: Visa reported second-quarter revenue of $7.99 billion, down 11% year-over-year. The revenue total beat a Street consensus...