In today’s top news, EU’s top court will limit companies’ ability to transfer personal data to the U.S., and Airbnb said it will revive its IPO plans. Plus, Goldman Sachs reported strong second-quarter earnings. EU Ruling Limits Personal Data Transfer to US The European Court...
Small businesses hit hard by COVID-19 shutdowns are facing thin cash reserves, and the extension of credit to those SMBs has become an increasingly crowded field. The U.S. government, banks and Big Tech have all jumped into the ring to make financing more available, with the latest pair-up involving...
Against a backdrop where Labor Department data showed 5.2 million additional Americans filed for unemployment, it may make sense that banks’ outlooks for the future of their loan portfolios are, to put it gently, cautious. Perhaps “grim” might be a better word. In a slew...
Economists at Morgan Stanley and Goldman Sachs Group are warning that the coronavirus will be more economically devastating than originally forecasted, according to a Sunday (March 22) Bloomberg report. Ellen Zentner, an economist at Morgan Stanley, told clients in a report to expect the U.S....
January 17, 2020
In today’s top news, China’s economy grew by its slowest rate since 1990, Alphabet reached $1 trillion market value, and attempted check fraud spiked 43 percent. China Posts Worst Slowdown In Nearly Three Decades China’s economy grew by 6.1 percent in 2019, the lowest growth rate in the country since 1990. The country has […]
December 09, 2019
In today’s top news in payments, Goldman plans to launch a robo advisor for clients with lower investment capital than traditional customers, and Apple plans to offer 0 percent installment...
September 30, 2019
House Raises Antitrust Concerns Over Google’s New Internet Plans Congressional antitrust investigators are concerned over Google’s new plan to use a new internet protocol. On Sept. 13, investigators for the...
October 23, 2022
A decision last week by Goldman Sachs to fold its consumer banking unit Marcus into other operations was the subject of conflict between CEO David Solomon and other executives. That’s according to a report Sunday (Oct. 23) by the Financial Times, citing people familiar with the matter. “[Solomon’s] view was that … if we want […]
March 23, 2020
Economists at Morgan Stanley and Goldman Sachs Group are warning that the coronavirus will be more economically devastating than originally forecasted, according to a Sunday (March 22) Bloomberg report. Ellen...
March 25, 2019
And so a tech giant gets into the credit card game. And not just any tech giant – it’s Apple, the company whose payment services were touted (by at least...
