CEO of PayPal Dan Schulman on earnings and their partnership with Visa. » Read More
Stock index futures pointed to a higher open on Friday after steep losses on Thursday, with all eyes on April nonfarm payrolls which is expected to show a slowdown in job creation.
What follows is a roundup of corporate earnings reports for Thursday, May 5.
Stocks tumbled in the final hour of trading to close lower as investors took profits ahead of a key government jobs report on Friday, and as energy shares extended losses after crude oil plunged below $100.
The credit-card provider posted earnings and revenue that edged above analyst estimates Thursday, but shares slipped in extended trading.
At first blush, investors may not think eBay would warrant any weakness on proposed financial reforms. If anything, the online retailer would seem to benefit from a reduction in credit card processing fees charged to sellers on its namesake auction site. But, eBay is not just auctions.
Stocks tumbled in the final hour of trading as investors took profits ahead of a government jobs report on Friday, and as energy shares extended losses after crude oil plunged below $100.
Startup Square just secured a major advantage competitive mobile payments space — a strategic investment from Visa, which will put one of its executives on the company's board.
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As credit losses continue to decline, shares of credit card providers will continue to climb this year, said Bruce Harting, managing director of Barclays Capital. Harting was named the top consumer finance analyst by Institutional Investors’ 2010 All-America Research Team survey last October.
On Wednesday the Fast Money traders took a long hard look at bank stocks after JPMorgan rattled investors with some unexpected results.
Are Goldman's bearish oil outlook and Alcoa's revenue miss early signs that the commodities bull is tired?
Tech investors scrambled to place their next bets after Texas Instruments surprised the Street with its acquisition of rival National Semiconductor for $6.5 billion or $25/share.
A group of conservative and libertarian groups have sent Congress a letter urging lawmakers to delay the implementation of the Durbin Amendment, a provision which would cap so-called "interchange" fees financial companies can charge on debit card transactions.
Stocks got closer to their highs of the year as the broad market turned positive for the month and was on track to post the best quarter of the year, although volumes remained thin amid geopolitical uncertainty. AT&T and Merck led Dow components higher, while Cisco slipped.
Stocks put in another strong showing on Wednesday as investors seemed to put aside concerns over geopolitical fears to send stocks higher, although volumes remain thin. AT&T and Exxon led the Dow higher.
If you're bearish and betting on significant downside, strategic investor Dennis Gartman would like a word.
The cellphone has been more than a cellphone for years, but soon it could take on an entirely new role — standing in for all of the credit and debit cards crammed into wallets. Instead of swiping a plastic card at the checkout counter, consumers would merely wave their phones, the New York Times reports.
There's a battle brewing in Washington that could impact the way you spend your money. I'm talking about how you use your debit card.
Cell phones are usually used to communicate with people far away. This year, they'll get the ability to do the opposite: communicate with things that are close enough to touch.
"Swipe" fees imposed by the Senate's Durbin Amendment will pose a "double whammy" to small banks and consumers, ultimately hurting the US economy, Adam Frisch, Morgan Stanley Equity Research, told CNBC on Wednesday.