{
}
Visa has made a significant move by bidding $100 million to become Apple's new credit card partner, aiming to replace Mastercard. This strategic shift highlights Visa's commitment to expanding its influence in the digital payment landscape.
Visa has proposed a $100 million deal to become Apple’s new credit card network partner, as reported by the Wall Street Journal. This offer includes an upfront payment typical for major card programs, with American Express also vying for the role of issuer and network. Following the end of Apple’s partnership with Goldman Sachs and Mastercard in November 2023, other financial institutions like Barclays, Synchrony Financial, and JPMorgan Chase have expressed interest in taking over.
In January, Saudi Arabia's total merchandise exports reached SR97.18 billion, a 2.4% year-on-year increase, with non-oil exports rising to SR26.48 billion, reflecting a 10.7% growth. China was the top destination for exports, receiving SR14.74 billion, while imports rose 8.3% to SR72.62 billion, primarily from China. The Kingdom's non-oil sector continues to expand, contributing significantly to economic diversification efforts under Vision 2030.
Mastercard is set to establish its global Mastercard Academy Hub in Doha, aiming to enhance skills in the financial industry for both regional and global players. This innovative learning ecosystem will collaborate with various institutions and offer expert-led courses, having already trained over 42,000 attendees with a 98% satisfaction rate. The initiative aligns with Qatar National Vision 2030 and underscores Mastercard's commitment to boosting innovation and strengthening partnerships within the country's dynamic financial landscape.
Berkshire Hathaway's stock has surged, reaching a price-to-sales ratio of 2.67, significantly above its 10-year average. Despite a recent halt in buybacks, the company holds a record $334 billion in cash, following a selling spree in 2024 that included trimming positions in major stocks like Apple and Bank of America. Buffett's strategy focuses on value investing and stock buybacks, having repurchased $77.8 billion worth of shares since 2018, although no buybacks occurred in the latter half of 2024.
Africa's digital payments market is projected to reach $1.5 trillion by 2030, driven by rapid internet growth and increased financial inclusion. The fintech sector is pivotal, with nearly half of its firms emerging in the last six years, while MSMEs contribute over 50% of GDP. Cross-border transactions, including $100 billion in remittances, are essential for economic mobility, as Mastercard aims to enhance digital access for 100 million individuals and businesses in the next decade.
Investing $3,000 in American Express, SoFi Technologies, and Berkshire Hathaway offers a pathway to build a diversified portfolio of evergreen financial stocks. American Express benefits from its unique banking model, SoFi is disrupting traditional banking with digital services, and Berkshire Hathaway provides broad exposure to various industries through its extensive investment portfolio. Each company is poised for growth, making them attractive long-term investments.
JPMorgan Chase has rebranded its diversity, equity, and inclusion (DEI) programs to diversity, opportunity, and inclusion (DOI) in response to political pressure against DEI initiatives. The bank's COO stated that the change reflects a focus on equal opportunity rather than equal outcomes. This shift follows a broader trend among major corporations, including Goldman Sachs and Citigroup, to scale back DEI commitments amid criticism and scrutiny from the Trump administration.
American Express shares have fallen over 20% since February, significantly more than the S&P 500, due to recession fears impacting the banking sector. Currently attempting to rebound from key support at $255, the stock's future trajectory hinges on US economic indicators, particularly employment rates. A drop below $255 could signal a shift in the long-term uptrend, with the next support level at $220.
Verizon has teamed up with Santander Bank to introduce digital high-yield savings accounts for its mobile and 5G Home customers, branded as Verizon + Openbank Savings, launching in April. These accounts promise interest rates ten times the national average and offer Verizon wireless bill credits of up to $180 annually. Customer onboarding will be facilitated through Openbank’s digital platform via the Verizon app, with deposits held by Santander Bank, expanding Verizon's financial services portfolio.
Mastercard Inc
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
visa offers 100 million to become apples new credit card partner
07:26 02.04.2025
Visa offers 100 million dollar deal for Apple card partnership
United States Dollar
Apple Inc.
AMERICAN EXPRESS
Barclays PLC
JPMorgan Chase & Co.
Synchrony Financial
The Goldman Sachs Group, Inc.
Mastercard Inc
Visa Inc.
USA
Show more
06:36 02.04.2025
saudi arabia reports significant growth in exports and imports for january
United States Dollar
Euro
Indian Rupee
Chinese Yuan
Mastercard Inc
S&P Global Inc.
SAU
EGY
KWT
KOR
QAT
CHN
ITA
IND
DEU
BEL
USA
ARE
TUR
FRA
JPN
Mohammed Al-Jadaan
Faisal F. Alibrahim
Show more
13:48 30.03.2025
Mastercard to establish global academy hub in Doha to enhance financial skills
08:35 28.03.2025
berkshire hathaway's stock buybacks and investment strategy amid market corrections
Visa Inc.
Snowflake Inc.
Ulta Beauty, Inc.
Pool Corporation
The Kraft Heinz Co
Coca-Cola FEMSA, S.A.B. de C.V.
Berkshire Hathaway Inc.
Apple Inc.
AMERICAN EXPRESS
LOUISIANA PACIFIC CORP. R
Chevron Corp
Constellation Brands, Inc.
Domino's Pizza, Inc.
T-Mobile US, Inc.
HP Inc.
Mastercard Inc
Bank of America Corporation
USA
Warren Buffett
Show more
08:49 27.03.2025
africa's digital payments market projected to reach 1.5 trillion by 2030
11:46 26.03.2025
three top financial stocks to invest three thousand dollars in now
SoFi Technologies, Inc.
Visa Inc.
NUR HOLDINGS
Berkshire Hathaway Inc.
AMERICAN EXPRESS
Chubb Limited
Mastercard Inc
Bank of America Corporation
Capital One Financial Corporation
USA
Warren Buffett
Show more
09:58 25.03.2025
jpmorgan rebrands diversity initiatives amid political pressure on equity policies
United States Dollar
Citigroup Inc.
The Walt Disney Co
Accenture plc
Salesforce, Inc.
Mastercard Inc
JPMorgan Chase & Co.
The Goldman Sachs Group, Inc.
USA
Donald Trump
George Floyd
Jennifer Piepszak
Show more
16:07 21.03.2025
American Express shares seek recovery amid economic uncertainty and recession fears
11:44 21.03.2025
Verizon and Santander Bank launch high-yield digital savings accounts for customers
United States Dollar
Mastercard Inc
Synchrony Financial
Visa Inc.
Santander Bank Polska S.A.
Banco Santander, S.A.
OpenBank Renta Fija PP
ESP
USA
Show more
14:50 19.03.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
Domestic Politics
Banking Regulations
Global Financial Events
Retail and Consumer Goods
CEO Changes
Government Policies
Workplace Trends
Global Trade Developments
Elections & Campaigns
Market Analysis and Predictions
Startups & Entrepreneurship
Central Bank Actions
Government Economic Policies
Supply Chain Management
Hedge Funds & Private Equity
Countries:
Companies:
Tesla, Inc.
UniCredit S.p.A.
Banco BPM S.p.A.
Deutsche Bank Money Market PP
JPMorgan Chase & Co.
Apple Inc.
Barclays PLC
Credit Suisse Strategic Income I
CREDIT AGRICOLE
SpaceXCoin USD
Lloyds Banking Group plc
BNP Paribas SA
Amazon.com, Inc.
The Goldman Sachs Group, Inc.
UBS Group AG
Credit Agricole
Banco Santander, S.A.
Reinsurance Group of America, Incorporated
Google Inc.
Amundi S.A.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Offshore Chinese Yuan
Hong Kong Dollar
Singapore Dollar
Norwegian Krone
Filipino Peso
Canadian Dollar
Australian Dollar
Danish Krone
Swedish Krona
Mexican Peso
Indonesian Rupiah
New Taiwan Dollar
People: