Gap’s stock gapped up Thursday, after hours, by as much as 10 percent, while opening early on Friday (Jan. 6) up about 3 percent to about $23.86. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Morgan Stanley economists Melanie Baker and Jacob Nell, both of whom warned of a Brexit-prompted recession and a slowdown in the U.K. economy that would be long-lasting, are now eating their words after their assessment didn’t prove true. Get the Full Story Complete the form...
Blockstack, a New York company that develops platforms for secure, server-less apps using blockchain technology, raised $5.3 million in a round of venture capital funding. According to a report, the funding was provided by Union Square Ventures. Get the Full Story Complete the form to unlock...
Financial stocks declined in trading on Thursday (Jan. 5), taking a break from a run-up ever since Donald Trump won the U.S. election, after the 10-year yield fell seven basis points to 2.37 percent. Get the Full Story Complete the form to unlock this article...
On Thursday, a federal appeals court rejected the U.S. government’s request that it reconsider its decision allowing American Express to stop merchants from encouraging customers to use rival cards that charge lower fees. Get the Full Story Complete the form to unlock this article and...
In the wake of data breaches at Yahoo that may impact 1.5 million customers, Verizon Communications is conveying mixed messages as to whether or not it will move ahead with its proposed $4.8 billion acquisition, with one executive saying it’s up in the air and another...
Funding Circle, the U.K.-based startup company that operates an online lending platform, has received an investment of £40 million from British Business Bank, the state-owned bank, but the money comes with strings. According to a report, Funding Circle has to use the funds to lend to...
Walmart ended a fight with Visa, paving the way for customers in Canada to pay with Visa credit cards again. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The Consumer Financial Protection Bureau (CFPB) released a report Thursday (Jan. 5) that shows the impact of student loan debt on long-term financial security, with the government watchdog reporting it does in fact create a lot of financial strife down the road. Get the Full...
