Tag: Financial Services

Mastercard Inc. reported earnings that beat analyst estimates as the company benefited from increased spending from US consumers.

Visa reported better-than-expected results and double-digit growth in transactions on Tuesday as it closed out a record year for revenue and profits.

PayPal, lifted its annual adjusted profit forecast on Tuesday, as ​a years-long turnaround starts to bear fruit, with improving margins and resilient consumer spending providing fresh momentum.

Supporters of President Luiz Inácio Lula da Silva were celebrating on Monday following Brazil’s shock election result —but investors with exposure to Latin America’s biggest economy will be in a bad mood.

Dozens of websites, apps and services have been hit by a Google Cloud outage on Tuesday morning. Banks, delivery services, and supermarkets have all been affected by the cloud provider’s widespread issue in its western Europe region.

Stablecoin issuer Circle is making a major push to enter about 40 emerging and developing countries around the world as blockchain adoption is expected to scale up significantly, the company’s CEO and ​chairman Jeremy Allaire told Reuters.

Charles Schwab’s profit jumped during the third quarter as the brokerage firm’s customers added billions of dollars to their accounts and used Schwab’s lending and wealth management services.

Revolut Ltd. Chief Executive Officer Nik Storonsky said he wants the digital bank to compete with firms including JPMorgan Chase & Co. and American Express Co. in the US, as well as hold a primary listing in the country if it chooses to pursue a public offering in the future.

Berkshire Hathaway bought 2.4 Home Builder more shares of Lennar on Thursday and Friday and now owns a 12% stake in the big home builder, worth around $2.2 billion. 

Shares of Fair Isaac were on pace to log their worst daily percentage decline in more than six years on Tuesday after Bill Pulte, the director of the Federal Housing Finance Agency, said mortgage pricing will be simplified and that the new structure will incorporate a direct competitor to Fair Isaac’s FICO score.

Societe Generale lifted a key performance target to 2029 and pledged more cost cuts ‌to achieve it under a new strategic plan announced on Monday.

Warren Buffett will step down as the chairman of Berkshire Hathaway effective immediately, the company announced Friday.

Στα 79,653 δισ. ευρώ αυξήθηκε η συνολική αξία των κόκκινων δανείων που διαχειρίζονται οι Εταιρίες Διαχείρισης Απαιτήσεων (servicers στο β΄τρίμηνο του 2026 από 79.5 δισ. ευρώ το προηγούμενο τρίμηνο.

Revolut founder Nik Storonsky has for the first time said that the fintech is exploring a dual stock market listing in New York and London. The chief executive said his bank wanted any listing to be in the US because the American market offers greater liquidity and a larger population of big institutional investors. 

Stock slipped 2.0% in pre-open trading to trade at $16.41 after the Columbus, Ohio-based regional bank disclosed a meaningful downward revision to its earnings outlook, rattling investors who had been expecting a more constructive margin trajectory through the remainder of the year and into 2027.

Berkshire took a $10 billion stake in Google 15 months ago at a 6.5% discount, CEO Greg Abel said to CNBC’s Becky Quick.

Berkshire Hathaway’s CEO Greg Abel said that rising yields in Japan isn’t impacting the major trading houses in the country the holding company has stakes in. 

Klarna Group’s chief executive purchased nearly $10 million of the company’s stock this week, snatching up shares that have remained under pressure in the wake of the fintech’s second-quarter earnings report.

A consortium of buyout firm Advent and payment processor Stripe has decided to abandon its pursuit of fintech pioneer PayPal Holdings Inc., according to people familiar with the matter.

Berkshire Hathaway’s operating earnings climbed 16% in the second quarter as strength across its energy, railroad and manufacturing businesses more than offset weaker insurance results.