Dow drops below a key chart level, warning of more trouble ahead
The index last closed below its 50-day moving average on April 10, which marked the end of a correction phase that included a 5,000-point drop at its low point.
The index last closed below its 50-day moving average on April 10, which marked the end of a correction phase that included a 5,000-point drop at its low point.
Key insight: Brazil-based Itaú Bank, Latin America’s largest bank, was granted a charter to operate in the United States by the Office of the Comptroller of the Currency Aug. 14. The approval was announced Friday afternoon. Forward look: Itaú’s U.S. subsidiary plans to serve high- and ultra-high-net-worth customers with connections to Brazil and Latin America…
A payment used to begin with a person making a decision: swiping a card, approving a transfer, or authorizing a purchase. Increasingly, that decision is being embedded into software. As programmatic payments become more common—and as agentic AI expands their reach—financial institutions must adapt to a landscape where transactions may be initiated by systems acting…
There is a pervasive belief that the “Magnificent Seven” tech stocks are the drivers behind the relentless rise of the US stock market. The Magnificent Seven, sometimes called the Mag 7, are Nvidia, Amazon, Alphabet, Microsoft, Apple, Meta and Tesla – seven of the largest companies in the US and therefore the world. But the…
Article content Non-GAAP Reconciliation Article content The following table reconciles EBITDA and adjusted EBITDA to net income (loss), the most directly comparable measure calculated in accordance with IFRS Accounting Standards, for the three months ended June 30, 2026 and 2025: Article content Three months ended June 30, 2026 June 30, 2025 $ Change % Change…
Digital Transactions News staff August 21, 2026 Acquiring, Competitive Strategies, Marketing, Transaction Processing Walmart Inc. said it will add contactless payments to point-of-sale terminals at select Walmart and Sam’s Club stores and plans to make it available at U.S. locations by the end of 2026. The tap-and-pay method will…
Accounting firms have been fielding offers from a growing number of private equity investors over the past five years as PE money continues to pour into the accounting sector, fueling a wave of M&A activity. Processing Content Some firms are trying to steer a middle course, like Sax, a Top 60 Firm based in Parsippany,…