Mastercard posted fourth-quarter results that show at least some recovery in consumer spending amid the pandemic – but much depends on border reopenings and continued vaccine rollouts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
It was supposed to be a record-breaking fiscal year first quarter for Apple and the company did not disappoint. Riding the success of the global connected economy and a better than expected performance from the iPhone 12, the company logged its first $100 billion quarter,...
Facebook, Inc. reported on Wednesday (Jan. 27) as part of its Q4 and full year 2020 earnings that total revenue surged 33 percent year-over-year for the three months ended Dec. 31, 2020. Get the Full Story Complete the form to unlock this article and enjoy...
Chinese social media app TikTok — the world’s biggest startup — grew operating profit to $7 billion after parent company ByteDance saw revenue at about $35 billion last year, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Capital One Financial said on Tuesday (Jan. 26) that, in its fourth quarter, consumer credit metrics improved as consumers continued to pay down debt. In terms of headline numbers, the company said that revenues were down 1 percent to $7.3 billion, which beat expectations of...
Johnson & Johnson reported on Tuesday (Jan. 26) as part of its financial results that reported sales grew by 8.3 percent from Q4 2019 to Q4 2020, as consumer health and pharmaceutical sales rose while medical devices worldwide operational sales fell amid the pandemic. Get...
American Express reported results that showed the impact of reserve releases of credit loss provisions as the macro environment improved amid the pandemic. Delinquency rates are at some of the lowest levels seen in the past few years, according to the latest results — but...
Apple is expected to post its first quarterly revenue that tops $100 billion, according to the Financial Times on Tuesday (Jan. 26), citing Wall Street analysts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
To get a glimpse of the state of spending, one needs only to look at the card networks, the gross dollar volumes and cross-border activity to get a sense of where debit and credit are picking up, and where travel is recovering – and where...
