Articles

How Visa wants to turn your debit card into your credit card

Emerging Visa technology envisions a world where a single credential unlocks the ability to purchase through debit, credit and more.

Appaloosa takes new stake in Boeing, sours on GM

David Tepper’s Appaloosa hedge fund took new stakes in Boeing Co. and Lyft Inc., to name a few of its fresh bets, and sold off the General Motors Co. stake it had snapped up only a few months ago, according to a filing with the Securities and Exchange Commission late Wednesday.

GM’s Cruise to pay at least $8 million to woman hit by robotaxi: reports

Cruise, the self-driving-vehicle unit of General Motors Co., has reportedly reached a settlement for between $8 million and $12 million with a pedestrian who was struck and severely injured by one of its robotaxis last year.

Netflix says its ad-supported plan now has 40 million global monthly active users

Netflix Inc. on Wednesday reported a big jump in demand for its streaming-with-ads plan, and it said it would broadcast more NFL Christmas Day games in the years ahead, as it tries to pull ahead of an industry navigating issues with cable cord-cutting and online consumption.

Investors aren’t waiting for a Fed pivot to dive into these stocks and bonds

Stocks hit a round of fresh record highs on Wednesday, with FOMO in focus.

Cisco’s stock rises as demand stabilizes and revenue outlook impresses

“Customers are consuming the equipment shipped over the last few quarters in line with our expectations,” Cisco’s CFO said.

GameStop, AMC drove $5 billion in trades on Robinhood in a single day

Robinhood saw $5 billion in equities trading volume on Tuesday. Here’s how that stacks up.

Here’s what Nvidia earnings need to show to be ‘good enough’ for Wall Street

Nvidia could deliver April-quarter revenue “potentially as high as $26 billion,” UBS wrote.

Renaissance Technologies bought shares of GameStop, AMC before this month’s meme-stock trading frenzy

Pioneering quantitative hedge fund Renaissance Technologies opened a sizable bet on shares of GameStop Corp. while adding to its position in AMC Entertainment Holdings during the first quarter.

Biden’s banking rules will fuel inflation, lawmakers say

The banking industry has pulled out all the stops in its fight against new regulations that it argues will raise consumer prices for utilities, groceries and housing — and its campaign is convincing powerful lawmakers on both sides of the aisle.

Wall Street hates REITs like it’s 2009

BofA Securities survey shows that fund managers are staggeringly underweight in real-estate investment trusts.

Warren urges Biden to target grocery chains over high prices. But there’s debate over how much chains are to blame.

Sen. Elizabeth Warren and dozens of other Democratic lawmakers have pushed this week for President Joe Biden to use his executive authority to drive grocery chains toward lowering their prices.
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