Payments company Marqeta Inc (MQ.O) reported a 76% jump in second-quarter revenue on Wednesday that beat market estimates, as the company benefited from a surge in transactions made through its platform.
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 was able to move funds set aside for potential COVID-19 losses back into profit.
The U.S. Justice Department on Wednesday threw its weight behind a proposed rule change that would require banks and other debit card issuers to provide multiple network options to merchants to route online purchases.
Autonomous driving startup Pony.ai has put on hold plans to go public in New York through a merger with a blank-check firm at a $12 billion valuation, after it failed to gain assurances from Beijing that it would not become a target of a crackdown against Chinese technology companies, people familiar with the matter said.
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 euro ($6.9 billion) European gigafactory is being built, its Economy Minister Joerg Steinbach said on Twitter.
A group of 29 U.S. House Democrats want congressional leaders to include at least $160 billion in additional funding for electric vehicles as part of a $3.5 trillion spending measure, according to a letter seen by Reuters.
It may take a few months more for the U.S. job market to recover enough that the Federal Reserve can reduce its crisis-era support for the economy, according to Richmond Federal Reserve Bank President Thomas Barkin, who added a centrist voice to the open debate about when to trim the central bank’s $120 billion in monthly bond purchases.
Moves to mitigate climate change are drawing peak oil demand closer, current and former OPEC officials told Reuters, potentially giving OPEC’s biggest players and their allies more power and leaving some smaller producers struggling.
Amazon.com Inc (AMZN.O) backed electric vehicle (EV) company Rivian is in discussions to invest at least $5 billion in a new vehicle plant near Fort Worth, Texas, a city document showed.
Fretting about unprecedented regulatory heat for China’s tech sector, some companies are no longer waiting for any official reprimands that may or may not be forthcoming.
Payments company Marqeta Inc (MQ.O) reported a 76% jump in second-quarter revenue on Wednesday that beat market estimates, as the company benefited from a surge in transactions made through its platform.
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 was able to move funds set aside for potential COVID-19 losses back into profit.
The U.S. Justice Department on Wednesday threw its weight behind a proposed rule change that would require banks and other debit card issuers to provide multiple network options to merchants to route online purchases.
Autonomous driving startup Pony.ai has put on hold plans to go public in New York through a merger with a blank-check firm at a $12 billion valuation, after it failed to gain assurances from Beijing that it would not become a target of a crackdown against Chinese technology companies, people familiar with the matter said.
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 euro ($6.9 billion) European gigafactory is being built, its Economy Minister Joerg Steinbach said on Twitter.
A group of 29 U.S. House Democrats want congressional leaders to include at least $160 billion in additional funding for electric vehicles as part of a $3.5 trillion spending measure, according to a letter seen by Reuters.
It may take a few months more for the U.S. job market to recover enough that the Federal Reserve can reduce its crisis-era support for the economy, according to Richmond Federal Reserve Bank President Thomas Barkin, who added a centrist voice to the open debate about when to trim the central bank’s $120 billion in monthly bond purchases.
Moves to mitigate climate change are drawing peak oil demand closer, current and former OPEC officials told Reuters, potentially giving OPEC’s biggest players and their allies more power and leaving some smaller producers struggling.
Amazon.com Inc (AMZN.O) backed electric vehicle (EV) company Rivian is in discussions to invest at least $5 billion in a new vehicle plant near Fort Worth, Texas, a city document showed.
Fretting about unprecedented regulatory heat for China’s tech sector, some companies are no longer waiting for any official reprimands that may or may not be forthcoming.
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