World Economic Magazine

Payments company Marqeta beats revenue estimates as transactions surge

Payments company Marqeta Inc (MQ.O) reported a 76% jump in second-quarter revenue on Wednesday that beat market estimates, as the company benefited…

5 years ago

Australia’s NAB posts 10.3% rise in cash profit, upbeat on outlook

National Australia Bank Ltd (NAB.AX), the country's No. 3 lender, said on Thursday its third-quarter cash profit rose 10.3% as it…

5 years ago

U.S. Justice Dept says tweaks to debit-card rule good for competition, consumers

The U.S. Justice Department on Wednesday threw its weight behind a proposed rule change that would require banks and other…

5 years ago

EXCLUSIVE China’s tech crackdown thwarts Pony.ai’s U.S. listing plans -sources

Autonomous driving startup Pony.ai has put on hold plans to go public in New York through a merger with a…

5 years ago

Elon Musk visits Germany, meets with state leaders over ‘gigafactory’

Tesla (TSLA.O) CEO Elon Musk on Wednesday evening met with the leadership of Brandenburg, the German state where the group's 5.8 billion…

5 years ago

U.S. House Democrats seek at least $160 billion in new EV funding

A group of 29 U.S. House Democrats want congressional leaders to include at least $160 billion in additional funding for…

5 years ago

EXCLUSIVE Fed’s Barkin: U.S. “closing in” on taper, but could still take a few months

It may take a few months more for the U.S. job market to recover enough that the Federal Reserve can…

5 years ago

Analysis: Peak OPEC? Climate-focused production shift to pile pressure on pact

Moves to mitigate climate change are drawing peak oil demand closer, current and former OPEC officials told Reuters, potentially giving…

5 years ago

Rivian considers $5 billion EV plant in Texas, document shows

Amazon.com Inc (AMZN.O) backed electric vehicle (EV) company Rivian is in discussions to invest at least $5 billion in a new vehicle…

5 years ago

Chinese tech firms ‘self-correct’ to get ahead of potential regulatory fury

Fretting about unprecedented regulatory heat for China's tech sector, some companies are no longer waiting for any official reprimands that…

5 years ago