Visa recently announced its plans to introduce a groundbreaking dedicated service for account-to-account (A2A) payments, which will revolutionize the way consumers make transactions in Europe. This innovative approach will skip the traditional credit card route and offer users the ability to set up direct debits on e-commerce platforms with ease. Making payments directly from their
Recent data published by property portal Rightmove shows that London landlords are selling their buy-to-let properties at record rates. Around 29% of homes currently for sale in the capital were previously rented out, indicating a significant shift in the market. This spike is not unique to London, as 18% of all nationwide listings in the
Broadcom, the third largest component in the popular VanEck Semiconductor ETF (SMH), has been on the radar recently. The stock has seen an impressive 16% increase over the past three months. However, it is important to note that shares are still 17% below the June high. CNBC TV’s Seema Mody will cover Broadcom’s earnings report
In the current housing market, mortgage demand is heavily skewed towards refinancing, with interest rates declining for the fifth consecutive week. According to the Mortgage Bankers Association, total mortgage application volume increased by just 1.6% last week compared to the previous week. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances
Tiger 21, a network of ultra-high-net-worth investors and entrepreneurs, has recently released an asset allocation report that sheds light on their members’ investment strategies. Surprisingly, more than half of Tiger 21’s members have chosen not to invest in Nvidia, the chip darling of the tech industry. This decision highlights a cautious approach taken by these
Steph Curry, the 36-year-old four-time NBA Champion, is not just focused on his basketball career. In a recent interview with CNBC’s “Squawk on the Street,” Curry discussed his various business ventures and goals for the future. Apart from his successful basketball career, Curry also owns a media company, Unanimous Media, and a youth golf tour
British financial technology firm Zilch recently announced a significant achievement – its first-ever month of profit. This milestone is crucial for the company as it sets its sights on a potential initial public offering (IPO). In a recent trading update, Zilch revealed that it had achieved an operating profit in July 2024, marking profitability within
Following the cybersecurity software maker CrowdStrike’s strong fiscal second-quarter results, the company experienced a 4% slip in its shares during extended trading. CrowdStrike reported earnings per share of $1.04 adjusted versus the expected 97 cents, with revenue reaching $963.9 million, surpassing the expected $959 million. Despite the positive financial results, the company suffered a setback
Sports team owners who have seen a significant increase in the value of their teams are now confronted with the challenges posed by inheritance and estate taxes. As many team owners are aging, the issue of smooth ownership transitions to the next generation has become a pressing concern. Despite having complex tax and succession plans
With the return of football, the sports betting industry is gearing up for a record-breaking season. Projections from the American Gaming Association indicate that U.S. adults are expected to wager a staggering $35 billion on the NFL this season. This marks a significant increase of over 30% from the previous season’s total of $26.7 billion.