In a sign that payments processor First Data may be turning a corner as it trims back expenses and continues investment in new business areas, which weighed on margins, the firm, which went public last year, put up numbers for the March quarter that beat...
What do the latest numbers from American Express tell us about the state of the credit card carrying consumer? In the U.S., certainly, the spending engines are purring nicely, and elsewhere, cards are being brandished as well. The payments giant posted better earnings than The...
Will the relief rally in the financial sector continue? With the most recent results posted by Discover Financial Services and the stock up 4 percent after hours on the news, the answer seems to be affirmative. As reported by the company after the bell, the...
It seems like every month, retailers get their hopes up that the end of low sales is just the turn of a calendar page away, and every month, they come away disappointed. The numbers from March aren’t much different, as the U.S. Census Bureau released...
Despite wintry weather, U.S. consumer borrowing in February blew past economists’ expectations with an increase of $15.5 billion, thanks to a big jump in non-credit-card loans, according to a monthly report from the Federal Reserve released on Tuesday (April 7). But revolving credit-card debt fell...
Even though global consumer confidence has been on an upswing since late 2012, Nielsen reported on Jan. 28 that the global consumer index — the indicator that projects consumer spending — dipped slightly to 96 in Q4 of 2014 from the quarter prior, though this...
News broke yesterday about Amazon’s plans to sell a branded dongle at Staples, making it the 123rd player to enter this very croweded space. But while a giant player could become a powerful new entrant, SMBs are starting to show a change of heart towards...