Massachusetts Files Suit Against Uber, Lyft On Drivers’ Status
Massachusetts Files Suit Against Uber, Lyft On Drivers’ Status
July 14, 2020  |  Ridesharing

Massachusetts is the second state to declare that Uber and Lyft drivers should be deemed employees under state wage and hour laws, the Attorney General’s...

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JPMorgan Q2 Chase Credit Card Volume Plunges 23 Pct
JPMorgan Q2 Chase Credit Card Volume Plunges 23 Pct
July 14, 2020  |  Earnings

J.P. Morgan Chase – America’s biggest bank in asset terms – on Tuesday (July 14) became one of the first financial firms to show how...

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Citigroup Trading Revenue Boosts Q2 Results
Citigroup Trading Revenue Boosts Q2 Results
July 14, 2020  |  Earnings

A surge in fixed-income trading revenue amid a roller coaster ride on Wall Street helped Citi turn a profit during a turbulent second quarter, despite...

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Today In Payments: Amazon Introduces Smart Shopping Carts; Europe Reopens, Shopping Spree Underway
Today In Payments: Amazon Introduces Smart Shopping Carts; Europe Reopens, Shopping Spree Underway
July 14, 2020  |  News

In today’s top news, Amazon introduced shopping carts that let customers skip checkout lines, and retail sales in Europe surged by nearly 18 percent. Plus,...

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More SMBs Throw In The Towel After Lockdown Restrictions
More SMBs Throw In The Towel After Lockdown Restrictions
July 14, 2020  |  Economy

The resurgence of the COVID-19 has delivered a crippling blow to many small businesses, The New York Times reported. Get the Full Story Complete the...

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Wells Fargo’s Teller, ATM Transactions Drop 28 Pct Amid Pandemic
Wells Fargo’s Teller, ATM Transactions Drop 28 Pct Amid Pandemic
July 14, 2020  |  Earnings

Wells Fargo reported Tuesday (July 14) that its teller and ATM transactions plunged 28 percent in the second quarter amid COVID-related temporary branch closures and...

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Biggest Banks Brace For Loan Losses
Biggest Banks Brace For Loan Losses
July 14, 2020  |  Banking

The country’s largest banks by assets have set aside nearly $30 billion to cover losses associated with COVID-19, a tally of recently disclosed plans indicates....

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UK Lowers Boom On Huawei With Equipment Purchase Ban
UK Lowers Boom On Huawei With Equipment Purchase Ban
July 14, 2020  |  International

The United Kingdom has reversed course on Huawei, announcing plans Tuesday (July 14) to start banning companies in the country from buying equipment from the...

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Google Keeps Eye On India With Bid For $4B Stake In Jio
Google Keeps Eye On India With Bid For $4B Stake In Jio
July 14, 2020  |  Investments

Google is adding more fuel to its drive into India’s tech industry with a bid to buy a $4 billion stake in Jio Platforms, a...

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