Posts filtered by tags: Finance[x]


 

Amazon crushes Q3 expectations, but AWS growth slowed to 29%

Amazon has continued to reap the rewards of a society increasingly dependent on ecommerce — a trend further fueled by the COVID-19 pandemic. The company crushed analyst expectations Thursday, reporting net income of $6.3 billion in the third quarter, or $12.37 per diluted share, compared with $2.1 billion in net income, or $4.23 per diluted share in the same quarter last year.  The company brought in a total of $96.15 billion in revenue, a 37.4% increase from the $69.98 billion it generated i...
Tags: Amazon, Cloud, Yahoo, Finance, Tech, Earnings, Aws, Meanwhile Amazon


Wise raises another $12 million to double down on embedded business banking

Fintech startup Wise has raised a $12 million Series A round. The company offers business bank accounts with an interesting go-to-market strategy. Wise partners with other companies so that they can offer bank accounts to their own customers. For instance, if you’re running a marketplace or an e-commerce platform that matches companies with individual customers, you can leverage Wise to offer bank accounts to your partner companies. RemoteTeam is using Wise to improve its payroll experience f...
Tags: Travel, Fundings & Exits, Startups, Finance, Canada, TechStars, Fintech, Bbva, FDIC, Wise, KYC, Grishin Robotics, Arjun Thyagarajan, Embedded Finance


Hedge Fund Invests In Allegedly Defrauded Anti-Fraud Specialist

Litigation promises to be much more lucrative than whatever it was NS8 pretended to be doing.
Tags: Law, Finance


Marvell to buy Inphi, creating $40B semiconductor giant

Marvell Technology Group has agreed to buy Inphi Corp. for about $10 billion in cash and stock, making for the second mega chip deal this week.
Tags: Finance, Article, FBN, Marvell, Fbn/markets, FOXBusiness, Fox-business/markets/stocks, Fox-business/technology, Fox-business/markets/mergers-and-acquisitions, Marvell Technology Group, Fox-business/markets/us-markets, Inphi Corp, Jonathan Garber, 42a243d5-d562-5129-887b-02b34f7424e6




US states face biggest cash crisis since the Great Depression

The drop in tax revenue has led to a total shortfall expected in the hundreds of billions of dollars
Tags: Finance, US, Article, The Wall Street Journal, FBN, Heather Gillers, Fbn/markets, Fox-business/politics/government-and-institutions, Fox-business/topic/coronavirus, Gunjan Banerji, Bb8f874b-de06-5f4d-ae0d-889a171d1435


Upgrade adds rewards program to its credit card

Fintech startup Upgrade has been quite successful with its two flagship products — a low-cost credit card and personal loans. The company is making its credit card more attractive by adding rewards. Upgrade Card consumers will earn 1.5% cash back on all purchases made with the card — there’s no specific category, no partner retailer, no point system. It’s a straightforward, uncapped cash back program. The company wants to encourage users to pay down their debt. So Upgrade isn’t encouraging yo...
Tags: Startups, Finance, Tech, Upgrade, Credit Card, Fintech, Renaud Laplanche






Now is the Time for Intelligent Digital Banking Experiences

Delivering intelligent digital banking experiences using data and AI will improve efficiency, effectiveness and revenues for financial institutions. The post Now is the Time for Intelligent Digital Banking Experiences appeared first on The Financial Brand.
Tags: Finance, Time for Intelligent Digital Banking Experiences


Fintechs Draw Increasing Attention in Social Media Banking Chats

Consumers love that banks are trustworthy but their commoditized products are snoozers compared to challengers' state of the art offerings. The post Fintechs Draw Increasing Attention in Social Media Banking Chats appeared first on The Financial Brand.
Tags: Finance, Social Media, Reddit, Fintech, Challenger Bank, Digital Banking Strategies, Temenos, Featured Content, Social Media Banking Chats


How to Build a Top-of-Wallet Card Experience for Holiday Spend

Pandemic's impact on shopping boosts ecommerce and debit card use. Financial institution issuers must provide confidence and the right options. The post How to Build a Top-of-Wallet Card Experience for Holiday Spend appeared first on The Financial Brand.
Tags: Security, Credit Cards, Finance, Customer Experience, Debit Cards, Mobile Wallets, Sponsored Post, Digital Banking Strategies, Payments Strategies


‘Dear Valued Bank Marketer,’ You Say You Know Me, But Your Data’s No Good

At many banks and credit unions, creativity often gets priority over basic data management. Here's how to get your customer data in order. The post ‘Dear Valued Bank Marketer,’ You Say You Know Me, But Your Data’s No Good appeared first on The Financial Brand.
Tags: Finance, Advertising, Marketing Strategy, Personalization, Communications, Branding, Digital Marketing, Data Analytics, Data Integrity, Segmentation Strategies, Dear Valued Bank Marketer


FanDuel to open sports book in Bally's Atlantic City

New Jersey’s red-hot sports betting market blew past its own national record in September, taking in more than $748 million in bets
Tags: Finance, Article, New Jersey, Associated Press, Atlantic City, FBN, Bally, Fbn/markets, Fox-business/markets/stocks, Fox-business/industries/sports, E6266518-1a5c-501d-ad6b-8d50371cfad2


Ford sees full-year pretax profit, posts stronger than expected quarterly earnings

Ford reported net income in the third quarter of $2.4 billion, or 60 cents a share, compared with $400 million, or 11 cents a share, a year earlier.
Tags: Finance, Article, Ford, Reuters, FBN, Fbn/markets, Fox-business/markets, Fox-business/markets/earnings, Fox-business/industries/auto, Fox-business/organization/ford, 2687b3f4-5e5d-599d-86f8-b1bfe0e2e64e


FHA Extends Exterior-Only Appraisals to End of 2020, Ends Desktop-Only Option

In what has become a recurring theme for the Federal Housing Administration (FHA) relief measures stemming from the COVID-19 coronavirus pandemic, the agency on Wednesday announced that previously-extended relief for both property appraisals and re-verification of employment requirements is now extended through December 31, 2020. The provision related to desktop-only appraisals will still expire in just a few days at the end of October. This is according to the publication of Mortgagee Letter...
Tags: Finance, United States, FHA, Federal Housing Administration FHA, HECM, Mortgagee Letter, COVID, New York Times Read the FHA


Pinterest pops as stay-at-home projects fuel user, revenue growth

Despite posting a third-quarter loss of $94.2 million, or 16 cents a share, the image-sharing company reported a 58 percent year-over-year revenue increase to $442.6 million compared to $280 million in 2019. 
Tags: Finance, Article, FBN, Fbn/markets, FOXBusiness, Fox-business/markets, Fox-business/markets/stocks, Fox-business/markets/earnings, Lucas Manfredi, Fox-business/topic/coronavirus, Fox-business/organization/pinterest, 7b674464-89d2-5ed9-b70b-fa60c90ecfe5


Pinterest beats quarterly sales estimates, shares jump 15%

Pinterest Inc beat Wall Street estimates for third-quarter revenue on Wednesday, helped by a rebound in spending on advertisement by businesses after a deep slump in the early months of the COVID-19 pandemic.
Tags: Finance, Wall Street, Article, Reuters, FBN, Fbn/markets, Fox-business/markets/stocks, Fox-business/markets/earnings, Fox-business/technology/social-media, Pinterest Inc, Fox-business/tech, Fox-business/organization/pinterest, 51e18282-019b-5343-b220-e78febb8e72d


Raytheon discloses criminal subpoena from Justice Department

The investigation involves the company’s missiles and defense unit.
Tags: Finance, Article, Justice Department, Raytheon, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/wall-street, Brittany De Lea, 2d56fd1a-099c-5a71-9ef9-f88b68d90588


Mortgage Professor: Retirees Benefit from Low Rates With the ‘Right’ Reverse Mortgage

The low interest rate environment currently being observed in the mortgage world can be difficult for retirees to navigate, due to the likelihood of their reliance on sources of fixed income. A reverse mortgage tailored to the specific needs of homeowner retirees may be able to help seniors in this situation, so long as the product they use is properly selected. This is according to Jack Guttentag, aka the “Mortgage Professor,” in a new column at Forbes. “Low interest rates were great when...
Tags: Featured, Retirement, Finance, LOC, Forbes, HECM, Jack Guttentag, Guttentag


GE's shares soar as earnings recover from pandemic lows

General Electric Co. on Wednesday unexpectedly reported a quarterly profit and a positive cash flow on the back of cost cuts and improvements in its power and renewable energy businesses, sending its shares 10% higher.
Tags: Ge, Finance, Article, Reuters, General Electric Co, FBN, Fbn/markets, Fox-business/markets/stocks, Fox-business/markets/wall-street, Fox-business/organization/boeing, Fox-business/tech, Fox-business/lifestyle/airplanes, Fox-business/organization/general-electric, Fox-business/topic/coronavirus, 334a1ac7-5567-5386-986c-b6675ae3326e


Bed Bath & Beyond overhauls strategy after closings, layoffs

As part of a "three-year growth strategy," the New Jersey-based company announced Wednesday that it would "deepen" its connections with five core customer segments. 
Tags: Finance, Article, New Jersey, FBN, Fbn/markets, FOXBusiness, Fox-business/industries/retail, Daniella Genovese, Fox-business/topic/coronavirus, 78050a34-a99b-5a9f-b2c2-424e2b8887ea


People Who Helped Goldman Deal With 1MDB Scandal Create Need For Help Dealing With #MeToo Scandal

The bank’s newfound wokeness has apparently failed to penetrate the legal department.
Tags: Law, Finance


Dow plummets 500 points as spiking virus cases prompt more lockdowns

Getty Images / Xinhua News Agency US stocks tumbled on Wednesday as surging COVID-19 cases threatened a new wave of lockdowns overseas.A 40% surge in COVID-19-related deaths in Europe over the past week spurred Germany and France to prepare new restrictions on movement within the countries. Bars and restaurants in Germany could close while schools and nurseries remain open.Watch major indexes update live here.US stocks continued their decline on Wednesday as better-than-expected earnings w...
Tags: Europe, France, Finance, Senate, Germany, Oil, US, Trends, Gold, Markets, Oil Prices, Deutsche Bank, Trading, Stocks, Gold prices, Stock Market


Bitcoin Reached a New Level: Bitcoin Services at Physical Banks in India

This year it is under the command of Bitcoin, Bitcoin has proven to be the best safe haven reserve, made people a millionaire and dispelled all superstition related to Bitcoin,… Read more » The post Bitcoin Reached a New Level: Bitcoin Services at Physical Banks in India appeared first on Noobpreneur.com.
Tags: Business, News, Finance, India, Bitcoin, Bitcoin Bitcoin, Bitcoin Market


Worst Case Scenarios

So, here we are at the end of October. Facing some worst case scenarios that we weren’t necessarily expecting to face just a few short weeks ago. First, there is no stimulus package coming out of the Congress before the election. Trump said so yesterday. And it’s hard to imagine Trump losing and then making a mad dash to sign something while battling over the election in the Supreme Court. So it is unlikely th...The post Worst Case Scenarios appeared first on The Reformed Broker.
Tags: Supreme Court, Congress, Finance, Uncategorized, Trump


The DOJ is investigating Visa’s $5.3 billion bid for Plaid on antitrust grounds

It’s not just big tech that’s getting the antitrust treatment from the Department of Justice. Late Monday afternoon, the Department of Justice tipped its hand that it was investigating Visa’s proposed $5.3 billion acquisition of the venture-backed Plaid, which allows applications to connect with a users’ bank account. It’s a tool that powers a good chunk of new fintech offerings, and the Justice Department has apparently spent the past year looking into how the deal would affect the broader mark...
Tags: Travel, Credit Cards, TC, Finance, Massachusetts, Companies, AT&T, The Wall Street Journal, Department Of Justice, Doj, Plaid, Intuit, Justice Department, Mastercard, Bain, Visa




VW recalls Jettas to fix fuel leaks that can cause fires

Volkswagen is recalling more than 218,000 Jetta sedans in the U.S. to fix a fuel leak problem that can cause fires.
Tags: Finance, Article, Vw, Associated Press, Volkswagen, FBN, Fbn/markets, Fox-business/industries/auto, Fox-business/features/product-recalls, 66120daf-990c-51d2-b87e-655a0444f3a1


Dow plummets 800 points as spiking virus cases prompt more lockdowns

Getty Images / Xinhua News Agency US stocks tumbled on Wednesday as surging COVID-19 cases threatened a new wave of lockdowns overseas.A 40% surge in COVID-19-related deaths in Europe over the past week spurred Germany and France to prepare new restrictions on movement within the countries. Bars and restaurants in Germany could close while schools and nurseries remain open.Watch major indexes update live here.US stocks continued their decline on Wednesday as better-than-expected earnings w...
Tags: Europe, France, Finance, Senate, Germany, Oil, US, Trends, Gold, Markets, Oil Prices, Deutsche Bank, Trading, Stocks, Gold prices, Stock Market