In the late 1950s, American Express was deeply divided over whether to launch a charge card. One faction clung to its trusted travelers' cheques; the other saw a future in plastic. That internal battle nearly killed the credit card that 67 million people now carry. Here's the full history—from Buffalo freight to a $72 billion financial powerhouse.
U.S. Treasury Secretary Scott Bessent is calling on banks and financial institutions to ramp up fraud detection, but critics warn the push could disproportionately affect ordinary account holders rather than criminals.
EQT has struck a deal with Alphabet Inc.'s Google Cloud to accelerate artificial intelligence projects across more than 300 portfolio companies. The arrangement grants access to Google Cloud's AI and security tools, including the Gemini Enterprise Agent platform, and positions portfolio firms to move from experimentation to large-scale deployment.
AI-generated fake news is already distorting oil prices and triggering market volatility. Hydaway Digital is rolling out a real-time verification layer to restore trust before the next false headline moves billions.
Power demand in the U.S. is expected to grow roughly 2.5% annually through 2030 and double by 2050, driven by AI data centers, industrial reshoring, and electrification. The resulting supply crunch is reshaping electricity markets, sparking political tensions, and opening multi-decade investment opportunities across the entire power value chain.
The stock-trading app is testing autonomous AI agents that can buy and sell stocks and make purchases on users' behalf, sparking fresh debate over trust, safety, and the limits of automation in personal finance.
JPMorgan, Bank of America and other Wall Street giants have held preliminary talks to acquire a Fiserv debit-card network, a move that could exempt them from the Durbin Amendment's interchange fee limits and reshape the payments landscape.
Braze, Inc. reported first-quarter fiscal 2027 earnings that beat analyst expectations, driven by strong customer acquisition and expansion within its customer engagement platform.
Berkshire Hathaway has agreed to acquire homebuilder Taylor Morrison in an all-cash transaction valued at roughly $6.8 billion, marking Greg Abel’s first large-scale acquisition since succeeding Warren Buffett and reflecting a bullish bet on the U.S. residential market.
LIMA — Peru’s conservative candidate Keiko Fujimori is closing in on leftist rival Pedro Castillo as overseas votes tilt the race, while markets rebound on hopes of a more business-friendly outcome, though rural ballots yet to be counted still favor Castillo.
Toast Inc. (NYSE:TOST) has announced a strategic sponsorship of the ICC UK Trade & Export initiative, aiming to equip restaurant and hospitality brands with the technology, payments, and operational infrastructure needed for international growth, particularly along the UK-US corridor. The partnership builds on Toast’s existing support for roughly 171,000 locations globally and its “build global, act local” approach, providing UK-based teams and 24/7 support. Industry leaders like Chotto Matte have praised the platform for delivering real-time insights and consistency across markets, positioning Toast as a key enabler of seamless cross-border expansion.
Cloud content management leader Box, Inc. posted its fiscal first-quarter 2027 earnings, with revenue slightly above estimates but weaker-than-expected guidance reflecting cautious enterprise IT budgets.
Robinhood Markets (HOOD) has beaten the broader market over the past year, yet recent earnings miss and technical weakness leave analysts cautiously optimistic about what’s ahead.
