Editor’s Picks

Visa: Tap-to-Pay Transactions Grow 40 Pct YoY

Visa: Tap-to-Pay Transactions Grow 40 Pct YoY
Visa: Tap-to-Pay Transactions Grow 40 Pct YoY
April 30, 2020  |  Earnings

Visa posted fiscal second-quarter results that showed a precipitous falloff in cross-border volumes late in the quarter amid the coronavirus pandemic, alongside what it termed...

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WH Adviser: Fourth Round Of Stimulus Funds May Not Be Needed
WH Adviser: Fourth Round Of Stimulus Funds May Not Be Needed
April 30, 2020  |  Economy

White House Economic Advisor Kevin Hassett thinks a fourth economic stimulus package may not be necessary if states can safely and successfully reopen in due...

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Amazon To Use Expected $4B In Q2 Profits On COVID-19 Expenses
Amazon To Use Expected $4B In Q2 Profits On COVID-19 Expenses
April 30, 2020  |  Economy

Amazon.com Inc. said it expects to spend its anticipated $4 billion second-quarter profits on coronavirus-related expenses, according to the company’s filing with the Securities and Exchange Commission...

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Report: Smartphone Production Expected To Hit Record Low In Q2
Report: Smartphone Production Expected To Hit Record Low In Q2
April 30, 2020  |  Economy

A revised forecast of smartphone production predicts volume will shrink to a record low in the second quarter as the spread of the coronavirus continues...

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Grab Wants Staffers To Accept Unpaid Leave, Decreased Hours
Grab Wants Staffers To Accept Unpaid Leave, Decreased Hours
April 30, 2020  |  Cross-border Payments

Grab Holdings Inc. has started to request that workers accept decreased hours or take a leave without pay so the company can steer clear of...

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Mastercard: Half Of Consumers Now Using Contactless Payments
Mastercard: Half Of Consumers Now Using Contactless Payments
April 30, 2020  |  Mastercard

As nations put limitations into place to support social distancing in February and March, Mastercard reported that a significant share of consumers tapped into contactless...

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Overstock’s 1Q Loss Narrows and April Sales Soar 120 Pct
Overstock’s 1Q Loss Narrows and April Sales Soar 120 Pct
April 30, 2020  |  Earnings

Shares of Overstock.com Inc. rose 4.5 percent Thursday (April 30) after the eCommerce retailer announced a narrower first-quarter loss and the fact that April sales...

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Brooklyn Man Charged With Allegedly Swiping Some $12,000 In IRS Stimulus Checks From Mail
Brooklyn Man Charged With Allegedly Swiping Some $12,000 In IRS Stimulus Checks From Mail
April 30, 2020  |  Cybersecurity

Feng Chen, 31, of Brooklyn, New York, was charged with alleged theft of U.S. mail that included some $12,000 in government stimulus checks, other checks...

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