The news: The two largest US card networks reported slower payments volume growth in Q3 than the same period a year ago, when the post-lockdown spending boom turbocharged volume gains. Mastercard’s Q3 gross dollar volume (GDV) increased 11% year over year (YoY) in Q3, compared with a 20% YoY jump in Q3 2021.Visa’s payments volume grew 10% YoY on…
U.S. President Joe Biden. Anna Moneymaker/Getty Images Biden told NewsNation that student-loan borrowers could get their debt canceled within a few weeks. He said he’s confident he will win the GOP lawsuits attempting to block the loan forgiveness. The relief remains paused following a ruling by the 8th Circuit Court of Appeals. The fate of…
A Latam Airlines Airbos A320 after an emergency landing at Silvio Pettirossi International Airport in Luque, Paraguay, on October 27, 2022. Image marked up by Insider. Norberto Duarte/AFP via Getty Images / Insider A passenger plane was forced into an emergency landing by extreme weather over South America. The Airbus A320 landed in Paraguay with…
Amazon has warned that the US dollar’s surge this year cost it around $900 million worth of sales more than expected. Associated Press Amazon warned the dollar’s surge this year has cost it $900 million more than expected in sales. The dollar has jumped nearly 16% in 2022, thanks to aggressive Federal Reserve interest rate…
PATRICK T. FALLON/AFP via Getty Images Amazon plunged 13% on Friday after its third-quarter earnings results disappointed investors.But Wall Street is defending the e-commerce giant and calling the stock decline a buying opportunity.“We believe the pressures on Amazon’s business are largely macro-driven, and not fundamental,” JPMorgan said. Amazon’s mixed third-quarter earnings results and weak fourth-quarter…
According to Musk, the Twitter acquisition can play a part in the creation of a super app called X. Patrick Pleul/picture alliance via Getty Images Elon Musk is now the owner of Twitter after closing a $44 billion deal to buy the company. According to Musk, the Twitter acquisition will play a part in the…
The news: In 2021, the number of unbanked households in the US reached its lowest level since the Federal Deposit Insurance Corporation (FDIC) began conducting the biennial Survey of Unbanked and Underbanked Households. Financial assistance was the key driver: The survey revealed that 4.5% (5.9 million) of US households didn’t have a checking or savings account in 2021. This percentage…
Elon Musk took control of Twitter on Thursday. Muhammed Selim Korkutata/Anadolu Elon Musk tweeted on Friday that he will be “digging” into shadowbans as he takes over Twitter. His acquisition has sparked hopes among conservatives who have been restricted by the site. Right-wing politicians and pundits have started calling on Musk to make changes to…
European lawmakers have gotten the EU’s 27 member states to agree to a plan that effectively bans the sale of gas-powered cars and vans by 2035. They’ve come to an agreement to approve the Commission’s revised reduction targets for passenger cars’ and light vehicles’ carbon dioxide emissions. The Commission’s proposal, which European lawmakers had voted…
You won’t have to pay much extra to get Apple’s latest thin-and-light laptop. Amazon is once again selling the base MacBook Air configuration with 8GB of RAM and a 256GB SSD for $1,049, significantly below the official $1,199 price. The savings only apply to the silver and midnight hues, but you probably won’t mind if…