News: Companies
In this section, we delve into the dynamic corporate world, bringing you the most recent updates from global companies. Our coverage spans a broad spectrum, encapsulating latest quarterly results, unveiling of new products, corporate amalgamations, and acquisitions. We also keep you informed on changes in analyst ratings, adjustments in price targets, submissions to regulatory bodies, and acquisition of new licenses, amidst a host of other significant business events.
Amazon to Stop Accepting Visa Credit Cards
Beginning next year, Amazon will no longer accept payments made using Visa credit cards issued in the United Kingdom. Due to the exorbitant costs Visa charges for processing credit card transactions, the e-commerce behemoth has informed certain customers that starting Jan. 19, it would no longer accept Visa credit cards issued in the United Kingdom.
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IBM CEO Says Inflation Fears Could Trigger ‘Some Chaos’
Arvind Krishna, the CEO of IBM, told CNBC that he is "always concerned" about inflation and warned of potential disruption ahead. "With all of the liquidity and worries of inflation rising, it can produce some chaos," Krishna told CNBC on Monday when asked what keeps him awake at night.
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Fintech Funding in Southeast Asia Triples to Record $3.5 bln This Year
Fintech financing in Southeast Asia increased by more than three times in the first nine months of this year compared to the same period in 2020, hitting a record $3.5 billion, according to a research released on Wednesday.
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Popular Trading Platform Robinhood Reports Security Breach and User Data Leak
Robinhood, a popular financial services firm and trading platform, said today that its database has been breached, resulting in the exposure of customer data. An "unauthorized third party" allegedly obtained access to the firm's clients' personal information earlier this month, according to the company.
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World’s Top Chipmakers Provide Data to U.S. as Deadline Arrives
Several chipmakers have already replied to a US request for supply chain information to aid in the resolution of the worldwide chip shortfall, with several of the world's major suppliers indicating they will not give sensitive data.
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Warren Buffett Says This is The Best Type of Business to own When Inflation Spikes — in Other Words, What you Should Buy Right Now
High inflation rates in the country have become a serious concern on Wall Street. But fortunately for everyday investors, Berkshire Hathaway chief Warren Buffett has plenty of experience in navigating such an environment.
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BlackRock Raises $673 mln for Climate-Focused Infrastructure Fund
According to Reuters, BlackRock Inc (BLK.N) has raised a target-beating $673 million for an infrastructure fund with backing from the French, German, and Japanese governments to invest in climate-focused initiatives in emerging nations, such as renewable energy.
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AMD Stock Could Be Hurt When Chip Shortage Ends, Says Analyst
Chip shortages will not last indefinitely, despite how difficult it may seem right now. Indeed, Northland Securities analyst Gus Richard said in a research note on Monday that slowing growth in semiconductor unit demand in 2022 will signal excess capacity in 2023.
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