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LATEST PUBLICATIONS



Jobless claims rise for second straight week as U.S. economic activity slows down

July 30, 2020

The number of Americans applying for jobless benefits rose for the second straight week, a sign economic growth could be stalling in late July. Claims had been on a steady decline after peaking in late March. Initial jobless claims rose […]


Robinhood scraps launch of its investing app in the UK

July 21, 2020

Via: CNBC

Robinhood has postponed the launch of its popular stock-trading app in the U.K. indefinitely. The Menlo Park, California-based fintech firm told people signed up to its U.K. waitlist Tuesday that it had put the brakes on its global expansion ambitions […]


Goldman Sachs shares jump as earnings blow past the Street on the best trading results in years

July 15, 2020

Via: CNBC

Goldman Sachs on Wednesday reported blowout second-quarter earnings as its reliance on trading and investment banking paid off amid the market turbulence caused by the coronavirus pandemic. The bank said it generated $2.42 billion in profit, or $6.26 a share, […]


Products, Retail Banking

Google to offer co-branded accounts with eight US banks

August 3, 2020

Via: Finextra

The new platform will pair Google’s expertise in creating intuitive user experiences with the security of a reputable bank to provide a new way to manage money with financial insights and budgeting tools. When launched in 2021, the co-branded, FDIC-insured […]


Activity, Trading

Dow, S&P 500 rise and Nasdaq hits record to kick off August as stalled stimulus talks come in focus

August 3, 2020

Via: Market Watch

U.S. stocks rose at the start of Monday’s trade to kick off the first trading day of August, with wrangling in Washington over another round of coronavirus stimulus supporting some appetite for large-capitalization technology stocks that have been viewed as […]


Activity, Insurance

PG&E Finds Fire Insurance Tough to Get and Costly After Bankruptcy, Fires

July 31, 2020

Via: Insurance Journal

PG&E Corp. is finding it very costly to buy fire insurance after wildfires triggered by its power lines sent the company into bankruptcy and left it paying $25.5 billion for claims. It’s hoping customers will foot the bill. The San […]


Products, Retail Banking

CVS to introduce PayPal and Venmo QR code payments

July 31, 2020

Via: Finextra

From the fourth quarter, shoppers will be able to scan a QR code on their phones to pay using stored debit or credit cards, bank accounts, PayPal balance, PayPal Credit, Venmo balance or Venmo Rewards. The integration with CVS Pharmacy […]