US banks are due to meet at Apple's headquarters to receive strict guidelines on how to advertise Apple Pay to customers. The FT reports.» Read More
July 29- American Express Co reported a bigger-than-expected 9 percent rise in quarterly profit as more customers used its credit cards in a recovering U.S. economy.
*Merck up as results beat expectations, but Pfizer slips. United Parcel Service shares fell 3.7 percent to $98.86 after the world's biggest courier company slashed its earnings forecast for the year due to spending to boost capacity. Rival shipping company FedEx Corp was down 1.6 percent at $147.14.
July 29- American Express Co reported a 9 percent rise in quarterly profit as more customers used its credit cards in a recovering U.S. economy. Net income rose to $1.53 billion, or $1.43 per share, for the second quarter ended June 30, from $1.41 billion, or $1.27 per share, a year earlier. Total revenue, net of interest expense, rose 5 percent to $8.66 billion.
Bond prices were higher on Tuesday after the U.S. government's auction of five-year Treasury notes, the second of three debt auctions this week.
U.S. stock-index futures rose Tuesday as investors looked to economic reports, earnings and the Fed's mid-week policy decision.
The Fed meets for two days, starting Tuesday, and is widely expected to taper back its monthly bond buying program by another $10 billion to $25 billion - and do little else.
The business of federal contracting can be extremely lucrative, even during recent years, when budgets were squeezed.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
Youth sport travel is growing faster than family vacation spending. Here's why, and what it means for family finances.
For banks working on their post-financial crisis image, catering to poor clients may lead to good will from regulators, the NYT reports.
July 10- When you fly several times a month, as Gabriella Ribeiro Truman does, finding a comfortable place to wait for a flight and grab a snack can make traveling a lot more enjoyable.
Stocks edged higher on Wednesday, following a two-session drop, as Wall Street welcomed Fed minutes and corporate earnings.
It's been a tough week for small caps stocks, but both that sector and financials should be watched closely.
Mobile-pay start-ups have yet to offer a compelling experience that would cause consumers with bank accounts to leave their cards behind.
NEW YORK, July 3- American Express Co is set to face off against the U.S. government and 17 states in a trial that begins on Monday over claims that it stifles competition from credit card providers that charge lower processing fees.
Carter Worth of Sterne Agee argues that this underperforming sector won't mount a turnaround anytime soon.
*S&P 500 pulls back a bit after hitting intraday record. NEW YORK, June 24- U.S. stocks mostly slipped on Tuesday as earlier gains from economic data faded, but the Nasdaq advanced as a result of gains in biotech shares.
Stocks on Thursday were little moved, a day after rallying on reassurances from the Fed.
It used to be the nice lady in glasses who ran the books for your grandfather's business, but now it's more likely to be Bill.com.
U.S. stocks wavered on Monday on strife in Iraq.