Visa 3Q profits rose as global customers increasingly use credit and debit cards instead of cash
Visa says its adjusted third-quarter profits rose by close to double digits, as the global payments company continues to benefit from broad shift of consumer behavior from cash to using credit and debit cards
2023-07-26 05:47
Court says OxyContin maker's bankruptcy and protections for Sackler family members can move ahead
OxyContin maker Purdue Pharma can start its transformation under a bankruptcy agreement that allows the members of the wealthy Sackler family who own the company to avoid civil lawsuits over the opioid crisis, a court has ruled
2023-07-26 05:29
Banc of California and PacWest to merge, raise $400 million in equity
By Niket Nishant and Nupur Anand (Reuters) -Banc of California and PacWest Bancorp will merge in an all-stock deal to
2023-07-26 04:53
Banc of California to buy troubled PacWest Bancorp, which came close to failing earlier this year
The Banc of California has agreed to buy PacWest Bancorp in an all-stock transaction, bringing an end to months of speculation about whether PacWest could survive on its own after the failures of three other regional banks this spring
2023-07-26 04:53
Google rebounds from unprecedented drop in ad drop with a resurgence that pushes stock higher
Google snapped out of an unprecedented advertising slump during its latest quarter, signaling a return to growth cycle needed to fuel investments in artificial intelligence technology that expected to reshape the competitive landscape
2023-07-26 04:50
Microsoft beats quarterly revenue estimates
Microsoft on Tuesday surpassed Wall Street estimates for fourth-quarter revenue and profit as its cloud business benefited from
2023-07-26 04:45
Microsoft reports $20.1B quarterly profit as it promises to lead "the new AI platform shift"
Microsoft on Tuesday reported fiscal fourth-quarter profit of $20.1 billion, or $2.69 per share, beating analyst expectations for $2.55 per share
2023-07-26 04:20
IMF global economic outlook sees slight growth, but inflation still a drag
The International Monetary Fund is projecting that global economic growth will see a slight improvement compared to its previous projections but cautions that many challenges still cloud the horizon
2023-07-26 01:27
Nigeria's suspended Central Bank governor appears in court more than a month after his arrest
Nigeria's suspended Central Bank governor has appeared in court in the economic hub of Lagoon on charges of illegal possession of a firearm and live ammunition
2023-07-26 00:29
UPS reaches tentative contract with 340,000 unionized workers potentially dodging calamitous strike
UPS has reached a contract agreement with its 340,000-person strong union Tuesday, averting a strike that had the potential to disrupt logistics nationwide for businesses and households alike
2023-07-26 00:20
Lowe's rehires employee who tried to stop shoplifters
A 68-year-old woman has her job back after she was fired last month for attempting to stop shoplifters at a
2023-07-25 22:56
U.S. consumer confidence jumps to a two-year high as inflation eases
U.S. consumer confidence shot to the highest level in two years this month as inflationary pressures eased and the American economy continued to show resilience in the face of dramatically higher interest rates
2023-07-25 22:27