Business

According to a source familiar with the matter, Apple has submitted a proposal to terminate its credit card and savings account collaboration with Goldman Sachs within the next 12 to 15 months. Should this proposal be accepted, it would mark the conclusion of one of the most prominent partnerships between ...

E-commerce spending on Black Friday surged by 7.5% compared to the previous year, setting a new record at $9.8 billion in the United States, as reported by Adobe Analytics. This trend underscores the preference of price-conscious consumers who actively seek out the best deals and increasingly turn to online platforms ...

Singapore is set to implement more stringent regulations for cryptocurrency service providers based on feedback received regarding its initial proposals. The Monetary Authority of Singapore announced on Thursday that the revised proposals outline specific measures related to business conduct and consumer access. These measures aim to mitigate potential harm to ...

WeWork, the office-sharing company, has taken a significant step by filing for Chapter 11 bankruptcy protection in a New Jersey federal court. This move comes as WeWork has reached agreements with the majority of its secured note holders and aims to streamline its operations by shedding what it deems as ...

Oil prices surged by over 3% on the third day of the Israel-Hamas conflict, which was initiated by a surprise attack on Israel by Palestinian militants belonging to Hamas. The global benchmark Brent saw a 3.6% increase, reaching $87.63 per barrel, while U.S. West Texas Intermediate futures rose by 3.7%, ...

Law enforcement officials have taken into custody Su Zhu, the fugitive co-founder of the insolvent cryptocurrency hedge fund Three Arrows Capital. Zhu, who was allegedly attempting to flee Singapore, was arrested at Changi Airport in the country, as confirmed by the liquidators responsible for overseeing the bankruptcy proceedings of the ...

In its most significant acquisition to date, Cisco has announced its purchase of cybersecurity software firm Splunk for approximately $28 billion, equivalent to $157 per share, in an all-cash transaction. This strategic move underscores Cisco’s commitment to bolstering its cybersecurity capabilities and expanding its presence in the rapidly evolving cybersecurity ...

Closing at $26,038.41, Bitcoin concluded the day with a decline of approximately 6%, as reported by Coin Metrics. The cryptocurrency exhibited fluctuations just above the $26,000 mark during the entirety of Friday, a continuation of the significant drop that commenced on late Thursday. This downward trend had a ripple effect ...

Anticipations are mounting for gold prices to surge to unprecedented levels in 2024, driven by the influence of decreasing interest rates and growing concerns about an impending recession. These factors further enhance gold’s stature as a secure haven for investors. Historical data from Refinitiv reveals that spot gold prices reached ...

As the summer season approached, there was a growing trend among Americans to resort to their credit cards as a means to meet financial needs. This resulted in the collective credit card balances surpassing $1 trillion, marking the first instance of such a milestone. These findings were disclosed by the ...