Wednesday, February 09, 2022 13:40:46 UTC
Stock responds positively when Apple officially launched "Tap to Pay" today, a new iPhone feature that will allow businesses to accept payments from their handsets.
The new approach will function simply tapping phones together or using contactless credit cards, with no additional hardware required. Stripe will be the first payment provider to offer the service this spring, alongside Shopify's Point-of-Sale app, with more platforms and applications to follow later this year.
The move pits Apple against Block and other finance businesses like as PayPal, Verifone, and Ingenico. Apple was keen to point out that it will not be able to see what is being purchased or who is purchasing it. Payment data, according to the tech giant, is encrypted and safeguarded by the same technology that makes Apple Pay private and secure.(More)
#aapl #amzn #shop #jpm #appleinc #huawei #iphone #ios #square #paypal #verifone
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Friday, January 28, 2022 11:07:57 UTC
Apple reported record revenue of $123.9B in 2021 Q4, an 11% increase over the same period, previous year. Shares soared 5% after hours yesterday.
Apple's services business soared. Chip shortages were primarily limited to iPad sales. iPhone and computer company's net profit in the final three months of the year increasing by 20% to $34.6B, much above predictions of $31.1B. Revenue exceeded experts' projections of $119 billion and the $111.4 billion recorded a year ago.
Apple's shares soared 5% after the company's earnings report was released late yesterday.(More)
APPLE UP, DEFYING DOUBTERS
Friday, January 28, 2022 11:07:57 UTC
Apple reported record revenue of $123.9B in 2021 Q4, an 11% increase over the same period, previous year. Shares soared 5% after hours yesterday.
Apple's services business soared. Chip shortages were primarily limited to iPad sales. iPhone and computer company's net profit in the final three months of the year increasing by 20% to $34.6B, much above predictions of $31.1B. Revenue exceeded experts' projections of $119 billion and the $111.4 billion recorded a year ago.
Apple's shares soared 5% after the company's earnings report was released late yesterday.
#aapl #amzn #shop #jpm #appleinc #huawei #iphone #ios #covid #stores #earnings
Tuesday, January 18, 2022 12:10:22 UTC
Little change in price for Bank of New York Mellon Corp. ($BK) in premarket trade today after fourth-quarter earnings met estimates and revenue exceeded projections.
Net income increased to $822 million, or $1.01 per share, from $702 million, or 79 cents per share, the previous year, compared to the FactSet average of $1.01. Total revenue increased 4.5 percent to $4.02 billion, exceeding the FactSet average of $3.97 billion, while net interest income down 0.4 percent to $677 million but exceeded estimates of $661.5 million.
Security services revenue increased by 5% to $1.83 billion, market and wealth services revenue increased by 1% to $1.17 billion, and investment and wealth management revenue increased by 3% to $1.02 billion. The bank stated that it repurchased $1.2 billion in shares and distributed $280 million in dividends. Over the last three months, the stock has up 10.8 percent, while the S&P 500 SPX, +0.08 percent has risen 3.9 percent.(More)
MELLON EARNINGS UP, STOCK UNCHANGED
Tuesday, January 18, 2022 12:10:22 UTC
Little change in price for Bank of New York Mellon Corp. ($BK) in premarket trade today after fourth-quarter earnings met estimates and revenue exceeded projections.
Net income increased to $822 million, or $1.01 per share, from $702 million, or 79 cents per share, the previous year, compared to the FactSet average of $1.01. Total revenue increased 4.5 percent to $4.02 billion, exceeding the FactSet average of $3.97 billion, while net interest income down 0.4 percent to $677 million but exceeded estimates of $661.5 million.
Security services revenue increased by 5% to $1.83 billion, market and wealth services revenue increased by 1% to $1.17 billion, and investment and wealth management revenue increased by 3% to $1.02 billion. The bank stated that it repurchased $1.2 billion in shares and distributed $280 million in dividends. Over the last three months, the stock has up 10.8 percent, while the S&P 500 SPX, +0.08 percent has risen 3.9 percent.
GOLDMAN SACHS EXPECTED TO SURPASS RESISTANCE
1.18.22 12:00 PM UTC
Goldman Sachs will report its quarterly profits today. As long as earnings forecasts are met, expect the price to rise to the $405 level.
GOLDMAN SACHS EXPECTED TO SURPASS RESISTANCE
Tuesday, January 18, 2022 12:00:48 UTC
Goldman Sachs will report its quarterly profits today. As long as earnings forecasts are met, expect the price to rise to the $405 level.
#gs #jpm #wfc #ms #goldmansachsgroupinc #goldmansachs #jpmorgan #reddit #earnings
JPMORGAN EARNINGS UP, STOCK DOWN
1.14.22 12:40 PM UTC
JPMorgan shares fall even after the bank's fourth-quarter profit exceeds expectations. In premarket trading, the bank's stock fell 3%. Talent payouts partially to blame.
JPMORGAN EARNINGS UP, STOCK DOWN
Friday, January 14, 2022 12:40:31 UTC
JPMorgan shares fall even after the bank's fourth-quarter profit exceeds expectations. In premarket trading, the bank's stock fell 3%. Talent payouts partially to blame.
#jpm #wfc #gs #ms #jpmorgan #wellsfargo #goldmansacks #bank #earnings
REDDIT LIKELY GOING PUBLIC SOON
1.10.22 2:01 PM UTC
Reddit, the social networking business that fueled the 2021 meme stock craze, is working with Morgan Stanley and Goldman Sachs to go public as soon as March 2022.
REDDIT LIKELY GOING PUBLIC SOON
Monday, January 10, 2022 14:01:21 UTC
Reddit, the social networking business that fueled the 2021 meme stock craze, is working with Morgan Stanley and Goldman Sachs to go public as soon as March 2022.
PAYPAL STABLECOIN POSSIBLE
1.10.22 1:51 PM UTC
PayPal may launch its own stablecoin as part of its cryptocurrency effort, which was confirmed after proof of the move was found in its iPhone app.
PAYPAL STABLECOIN POSSIBLE
Monday, January 10, 2022 13:51:49 UTC
PayPal may launch its own stablecoin as part of its cryptocurrency effort, which was confirmed after proof of the move was found in its iPhone app.
#pypl #sq #amzn #jpm #paypal #crypto #stablecoin #bitcoin #iphone #apple #facebook #meta
APPLE CLOSING NYC STORES
12.29.21 1:14 PM UTC
Apple is curtailing services at its New York City stores as the region continues to face a surge in Covid cases. Following the announcement, the stock remained largely unchanged.
APPLE CLOSING NYC STORES
Wednesday, December 29, 2021 13:14:54 UTC
Apple is curtailing services at its New York City stores as the region continues to face a surge in Covid cases. Following the announcement, the stock remained largely unchanged.
#aapl #amzn #shop #jpm #appleinc #huawei #iphone #ios #covid #stores #geniusbar
CHINA CHAOS HAS SOME OF WALL ST. 'ALL IN'
12.18.21 12:48 AM UTC
From Evergrande to supply chain issues to Covid-19, the MSCI China Index is now behind the globe by 37 percentage points, the biggest gap since 1998.
CHINA CHAOS HAS SOME OF WALL ST. 'ALL IN'
Saturday, December 18, 2021 00:48:57 UTC
From Evergrande to supply chain issues to Covid-19, the MSCI China Index is now behind the globe by 37 percentage points, the biggest gap since 1998.
#xin #xinyuanrealestatecoltd #yongzhang #china #goldmansachs #marko #kolanovic #msci
CHINA ACCUSED OF SPYING VIA HUAWEI
12.17.21 12:04 PM UTC
A software update with malicious code is the primary evidence to implicate Huawei in a secret Australia telecom hack.
CHINA ACCUSED OF SPYING VIA HUAWEI
Friday, December 17, 2021 12:04:08 UTC
A software update with malicious code is the primary evidence to implicate Huawei in a secret Australia telecom hack.
#huawei #cybersecurity #spying #maliciouscode #hacking #australia #telecom
JPMORGAN EXPANDS PRODUCTS AND STAFF
12.14.21 1:56 PM UTC
With the launch of new investment, savings and consumer lending products, JPMorgan Chase will hire hundreds more employees next year, bringing staff to well over 1000.
JPMORGAN EXPANDS PRODUCTS AND STAFF
Tuesday, December 14, 2021 13:56:10 UTC
With the launch of new investment, savings and consumer lending products, JPMorgan Chase will hire hundreds more employees next year, bringing staff to well over 1000.
#jpmorgan #chase #sanokeviswanathan #nutmeg #thenutmegteam #edinburgh
SENATE PAVING WAY FOR DEBT LIMIT HIKE
12.10.21 1:16 PM UTC
The U.S. Senate passed and sent to President Biden the first of two bills required to raise the $28.9 trillion debt limit and avoid default.
SENATE PAVING WAY FOR DEBT LIMIT HIKE
Friday, December 10, 2021 13:16:17 UTC
The U.S. Senate passed and sent to President Biden the first of two bills required to raise the $28.9 trillion debt limit and avoid default.
#janetyellen #joebiden #debtlimit #socialsecurity #medicare #taxrefund
JP MORGAN COULD LEAD THE PACK
10.13.21 12:50 PM UTC
JP Morgan leads the Q3 earnings season this morning. JPM and other banks may see a substantial boost as a result of the supply chain problems worldwide.
JP MORGAN COULD LEAD THE PACK
Wednesday, October 13, 2021 12:50:37 UTC
JP Morgan leads the Q3 earnings season this morning. JPM and other banks may see a substantial boost as a result of the supply chain problems worldwide.
IRS CHECKING $600 BANK ACCOUNTS
10.6.21 1:42 AM UTC
The Biden Administration's IRS plans to review every account above a $600, or with more than $600 of transactions in a year.
IRS CHECKING $600 BANK ACCOUNTS
Wednesday, October 06, 2021 01:42:20 UTC
The Biden Administration's IRS plans to review every account above a $600, or with more than $600 of transactions in a year.