Tag: services
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Regional-bank stocks move up after PacWest deal suggests stabilization in sector
[ad_1] Regional-bank stocks rose Wednesday as hard-hit PacWest Bancorp agreed to be acquired by Banc of California in a sign that the hangover from bank failures earlier this year may be receding. “The implied take out price of $9.60 is higher than many estimated, with ‘[PacWest] resolution’ a net positive for the banking sector,” KBW…
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Visa earnings benefit from ‘resilient’ spending, though stock dips as growth slows
[ad_1] Visa Inc. called out robust spending trends as the payment-technology giant topped earnings and revenue expectations for its latest quarter, though its shares ticked lower after Tuesday’s report. The company logged a 9% increase in payments volume during the June quarter, along with a 10% increase in processed transactions. “The consumer is resilient and…
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Trader Joe’s recalls cookies that may contain rocks
[ad_1] Trader Joe’s is recalling two of its lines of cookies that may contain rocks. The supermarket chain said Monday that it was notified by its supplier that Trader Joe’s Almond Windmill Cookies with “sell by” dates of Oct. 19, 2023 through Oct. 21, 2023 and Trader Joe’s Dark Chocolate Chunk and Almond Cookies with “sell by” dates…
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Opinion: These 3 tips help small-business owners make better money decisions
[ad_1] Owning a small business comes with many challenges and responsibilities, and the pressure to make the right decisions can feel downright daunting. Our latest American Express Small Business Financial Confidence Report found that just 54% of small-business owners feel confident making financial growth decisions. For the smallest businesses (those with fewer than 10 employees)…
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AI will require ‘some new laws,’ Biden says, even as tech giants agree to safeguards
[ad_1] Realizing the promise of artificial intelligence by managing its risks will require “some new laws, regulations and oversight,” President Joe Biden said Friday, even as several tech companies agreed to new AI safeguards. Amazon AMZN, +0.34%, Google GOOG, +0.55% GOOGL, +0.52%, Meta META, -2.73%, Microsoft MSFT, -0.66% and other companies voluntarily agreed to steps…
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Alternative credit cards can help you build credit, but it could be wild ride
[ad_1] Getting a first or second chance to build credit with a credit card has been easier in recent years because financial technology companies have created alternative options. These new cards often evaluate applications differently from traditional credit cards, with algorithms and proprietary methods that may put less emphasis on credit scores while looking at…
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United Airlines earnings: Even higher 2023 profit expected despite last month’s meltdown
[ad_1] United Airlines Holdings Inc. last month grappled with thousands of flight cancellations and delays, leaving passengers stranded right as the summer travel season began in earnest. But the disruptions appeared to have little effect on the airline’s full-year profit outlook, which management on Wednesday bumped higher following strong second-quarter results. Shares were up 2.5%…
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Looking for a mortgage, car loan, or boost for your credit-card limit? More lenders are saying no.
[ad_1] A rising number of consumers say lenders are rejecting their loan applications. What’s more, record-breaking shares of people expect lenders to keep saying no on mortgage applications, car loans and bids for credit card increases well into 2024. This is according to new survey data out from the Federal Reserve Bank of New York.…