The Trump administration "will take a look" after billionaire investor Peter Thiel said the FBI and CIA should see if Chinese intelligence has infiltrated Google.Technologyread more
On Monday, the first day of Amazon's 48-hour shopping extravaganza this year, retailers that make more than $1 billion in annual revenues saw a 64% increase in their digital...Retailread more
Builder confidence for single-family homes rose just one point to 65 in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI)....Real Estateread more
The Federal Reserve's expected interest rate cuts appears to have impacted J.P. Morgan's forecast for 2019 net interest income.Financeread more
Expectations for lower interest rates and less fear about tariffs sent investors back into the market and set up what could be a profitable run ahead.Marketsread more
A crop of long-awaited technology companies coming to the public market this year created a "frothy" period, Bernstein said on TuesdayInvestingread more
GE hasn't had a year this good during this millennium. After that massive surge, one trader is warning investors to stay away.Trading Nationread more
Credit card sales volume rose 11% this quarter and merchant processing volume increased 12%, the bank says in its earnings statement.Banksread more
EU Competition Commissioner Margrethe Vestager is preparing to launch a full probe into Amazon in the coming days, Bloomberg reported.Technologyread more
IBM announced Tuesday that it signed a multi-year agreement with AT&T enabling the carrier to host its business applications on the IBM Cloud.Technologyread more
Amazon Prime Day enters its second day, with more than 1 million deals being offered, including intermittent "lightning deals." Here's how to navigate the 48-hour shopping...Invest in You: Ready. Set. Grow.read more
Samsung Electronics plans to expand its fledgling mobile payment service in the United States next year, allowing users to shop online and with more smartphones that support the electronic wallet.
Lower-priced Samsung phones will likely start offering the mobile wallet "within the next year," Thomas Ko, global co-general manager of Samsung Pay, said in an interview. The service debuted in South Korea on just a handful of high-end Samsung phones, including the Galaxy Note 5, the Galaxy S6 Edge, Galaxy S6, and S6 Edge Plus.
Wider "handset availability of Samsung Pay as well as online payment support is coming soon," he said late last week.
He did not comment on which other countries Samsung Pay would expand to.
Samsung Pay has already scored a lead over its major rivals Apple and Android, by launching its U.S. service on Sept. 28 with technology that is widely used at most stores. Apple Pay and Alphabet Inc's Android Pay require retailers to install new equipment.
By accepting payments online, Samsung Pay will compete with established rival PayPal Holdings Inc, as well as newcomers such as Visa Inc's Visa Checkout.
Mobile wallets have struggled to find favor in the United States, which has also been slower than Europe and Asia to adopt technologies such as credit cards embedded with microchips.
Samsung Pay is already the most widely accepted mobile wallet in the United States because it is compatible with new and older credit card terminals and do not require any special arrangements with retailers, Ko said. For instance, shoppers at Wal-Mart Stores Inc or Target Corp can pay by just waving their smartphones with the app.
By contrast, Apple Pay, launched in September 2014, requires retailers to install new equipment that supports near-field communication (NFC) compatible with its service, which has hindered wider acceptance, consultants said.
"For Samsung, moving online could be a smart move," James Wester, research director, global payments, at IDC Financial Insights, said. "It will help them build customer habit and they can benefit from that when U.S. consumers transact in stores."
While Samsung Pay is the most widely accepted mobile wallet, customer adoption remains a hurdle because many shoppers find it is not worth the trouble to use the service when swiping a credit card is just as easy, he noted.
Samsung Pay had an average of eight transactions per U.S. user within the first four weeks of its launch, the company said in October.
— Follow CNBC International on and Facebook.