Author: Press Room
Visa V have launched their “Visa+” service, initially through partners PayPal and Venmo, with the admirable aim of helping people to send money between different payment apps. The basic idea is to create a directory of “pay names” so that you can send money to (eg) dgwbirch without having to know whether dgwbirch is using this app or that app, this network or that network. Think how much easier life will be when you can just put a pay name on your business card so that anyone can send you money without having to know your routing code and account…
Now that the retail industry has closed the books on fiscal 2022, the outlook as we head into year one of a post-pandemic economy seems clear — Consumers are hedging discretionary spending while eager to get out and see the world. That was the topline takeaway from a recent survey by consulting giant Deloitte. The firm reported last month that about 40% of Americans surveyed for its Global State of the Consumer Tracker “feel financially worse off compared to a year ago … and nearly half still say they’re delaying large purchases.” Meanwhile, Deloitte reported, “The US travel industry recovery…
Intuitive Surgical (NASDAQ: ISRG) is scheduled to report its Q1 2023 results on Tuesday, April 18. We expect Intuitive Surgical ISRG to report revenue and earnings slightly above the street estimates, driven by a rise in total procedures volume. Although we believe the company will navigate well during the quarter, the stock has little room for growth, as discussed below. Our interactive dashboard analysis on Intuitive Surgical Earnings Preview has additional details (1) A rise in procedure volume to drive revenue growth Trefis estimates Intuitive Surgical’s Q1 2023 revenues to be around $1.61 billion, marginally above the $1.59 billion consensus…
Majority of Americans Aren’t Confident in the Safety and Reliability of Cryptocurrency Among the vast majority of Americans who say they have heard at least a little about cryptocurrency (88%), three-quarters say they are not confident that current ways to invest in, trade or use cryptocurrencies are reliable and safe, according to a Pew Research Center survey. This comes out to about two-thirds of all U.S. adults. While concern about cryptocurrency is broad, some groups of Americans are more concerned than others. For instance, adults ages 50 and older who have heard about cryptocurrency are more likely than their younger…
Social Security benefits automatically convert to standard retirement benefits at full retirement age (FRA) and this retirement benefit can then be suspended. Here’s the story of one disability benefit recipient’s frustrating attempts to do so. I asked James (a pseudonym) to write up his experience in trying to suspend his retirement benefit starting with his reaching full retirement age (FRA) in order to maximize his delayed retirement credits and receive the maximum available retirement benefit starting at age 70. As you can read in his statement below, he requested this suspension to occur before reaching FRA. But he was disabled…
The one-time home of a prominent architect in a wealthy suburb of Melbourne, Australia, recently sold for AUD 29.5 million or almost US $20 million. The six-bedroom compound in the town of Toorak had been a retreat where architect and builder Gabor Hubay once lived. Michael Gibson of Private Property Global, the agent who closed the deal, described the property as “a spectacular home with fabulous views and incredible quality throughout, a trophy home.” Hubay, who has designed homes and apartments in Toorak, sold the home at 3 Macquarie Road about a decade ago. Positioned to take advantage of north-facing…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. In theory, consolidating credit card debt sounds like a good idea. Replacing high-interest credit card debt with a credit product that has a lower interest rate could help reduce the amount of interest you ultimately pay on the debt. There are a number of ways to consolidate credit card debt —…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were lower for 3- and 5-year loans compared to the previous seven days. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between April 6 and…
Inflation at the wholesale level posted another surprise decline in March, the latest sign that painfully high consumer prices are beginning to loosen their stranglehold on the U.S. economy. The Labor Department said Thursday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, fell 0.5% in March from the previous month. On an annual basis, prices are up 2.7%.Those figures are both lower than the 3% headline increase and 0% monthly figure forecast by Refinitiv economists, a welcome sign for the Federal Reserve as the U.S. central bank seeks to cool price gains…
Check out the companies making headlines in midday trading.Apple — The tech giant climbed more than 2% Thursday. A report a day earlier said the company is doing away with plans to more heavily include haptic touch technology from supplier Cirrus. Reports had been circling ahead of the launch of the iPhone 15 later this year that the model would include a physical side button that used Cirrus’ solid state technology.Bed Bath & Beyond — The meme stock favorite dropped 5.9%. Earlier this week, the company sold about 100 million shares to bookrunner B. Riley Securities.Harley-Davidson — The motorcycle maker’s…
