Some of Wednesday's midday movers:» Read More
Jim Cramer and David Faber sit down with Wall Street veteran Sandy Weill to discuss the future of the banking industry and where it is headed.
Stocks rose Thursday, extending records, after upbeat U.S. data and calming words from the ECB.
CostCo may be considering dropping American Express as the sole credit card accepted at its retail locations, according to one report.
American Express CEO Ken Chenault doesn't care if plastic cards go away, as long as his brand is part of your digital wallet.
TORONTO, Nov 4- Visa Inc and Mastercard Inc have voluntarily agreed to cut the fees they charge to Canadian retailers for credit transactions, the government said on Tuesday, adding it now sees no need to regulate fees set by credit card networks. It said Visa and MasterCard have committed to start implementing the reductions no later than April.
NEW YORK, Nov. 4- When Jud Linville joined Citigroup in 2010 to head its main credit card business, he discovered a card called "Simplicity" that was anything but. The array of cards was dizzying, and marketing so many possibilities was expensive for Citigroup. He is showing signs of stabilizing the business: annual spending on Citi- branded cards in the United States...
Stocks rose Monday, after October gains left the Dow Jones Industrial Average and S&P 500 at records.
*Fourth-qtr adjusted earnings $2.18/ shr vs est $2.10. Visa, along with Mastercard Inc and American Express Co, have partnered with Apple in the launch of a system- Apple Pay- that allows iPhone users to pay for anything from office supplies to burgers at the tap of a button. The company, along with its smaller rival MasterCard, is looking to expand in emerging markets,...
From "Lloyd Vader" to "Sexy Janet Yellen," here are Raj Mahal's idea for Halloween costumes for the 1%.
Vente-Privee began operating in the United States in 2011 in a joint venture with American Express to access an affluent client base of card holders, giving it instant credibility and brand recognition despite not being a household name outside Europe. "Both companies decided that given the road to profitability for vente-privee USA was going to be longer...
Bank customers can expect a flurry of thick mail as credit companies rush to get chip cards into their hands ahead of the holiday season.
Sharp drops in many of the stocks owned by Buffett's Berkshire Hathaway in recent weeks hit the sprawling conglomerate's equity portfolio hard. The loss on seven of those holdings alone totals more than $5 billion provided Berkshire's stakes have remained the same since June 30, the last date for which they were disclosed. Berkshire Hathaway did not respond...
The "Fast Money" traders share their final trades of the day.
Apple's new mobile payment service bets consumers will no longer want to carry wallets, credit cards or cash.
With the markets back on Friday, Cramer reminds his audience of the importance in doing stock research to know when to join the cool kids club.
Stocks surged Friday as companies including GE and Morgan Stanley reported profits.
Obama's executive order comes after many large companies including Target, JPMorgan and Home Depot have suffered high-profile cybersecurity breaches. The White House said that Home Depot, Target, Walgreen and Wal-Mart Stores will roll out secure chip and PIN-compatible card terminals in all their stores, most by January. In addition, American Express plans...
*Third-quarter net profit $1.86/ share vs est $1.94. Oct 16- Capital One Financial Corp, one of the largest credit card issuers in the United States, reported a lower-than-expected quarterly profit as it set aside more money to cover soured loans. The company's net income attributable to shareholders fell 2.9 percent to $1.06 billion, or $1.86 per share, for the...
QE is so last quarter. Here are some ideas for new buzzwords in the market. One that could really catch on? PAIN TRADE.
Some of the names on the move ahead of the open.