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Mastercard will let you track the climate impact of your spending habits

Mastercard will let you track the climate impact of your spending habits

Mastercard Inc. is rolling out a tool that will allow consumers to gauge how their spending impacts the environment in what the company says is its latest attempt to become more sustainable in its business practices. The payments giant is working with sustainably focused financial-technology company Doconomy to enable a carbon calculator that bank partners will be able to integrate into their consumer-facing apps. The company will also offer suggestions for ways to counteract these carbon impacts, such as donations toward planting trees.Mastercardis somewhat limited in the insights it can...

April 12, 2021
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Twitter stock on track for new all-time high

Twitter stock on track for new all-time high

Twitter Inc.’s hot streak is continuing Tuesday with the stock on track to close at a new all-time high. Twitter sharesare up 3.2% in midday trading Tuesday and on pace to post their first new record close since Dec. 2013. The stock is up for the 11th consecutive trading day.While there was some concern earlier this year over the impact that Twitter’s ban of former President Donald Trump would have on user engagement, the company’s management team sought to dispel those fears during Twitter’s earnings call last week. Twitter disclosed that its increase in average absolute monetizable daily...

February 16, 2021
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Mastercard to let merchants accept some cryptocurrencies directly later this year

Mastercard to let merchants accept some cryptocurrencies directly later this year

Mastercard Inc. said Wednesday that it would begin allowing merchants to accept some cryptocurrencies on its network later this year, marking the latest embrace of digital coins by a traditional payments player. “We are here to enable customers, merchants and businesses to move digital value — traditional or crypto — however they want,” Mastercard’s executive vice president for digital assets Raj Dhamodharan .Mastercardalready works with some crypto platforms that issue Mastercard cards allowing people to spend their crypto assets, but through those arrangements the cryptocurrencies don’t...

February 11, 2021
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Twitter stock closes at seven-year high, as analyst cheers newfound ‘swagger’

Twitter stock closes at seven-year high, as analyst cheers newfound ‘swagger’

Twitter Inc.’s stock took off Wednesday after the social-media company’s fourth-quarter results and commentary about the outlook helped relieve concerns about how the service will fare in the new reality. For the first quarter, the company expects 20% growth in its count of monetizable daily active users, a projection that “mostly mitigated” fears of a user exodus following the company’s decision to , wrote Bernstein analyst Mark Shmulik.“Twitter is bigger than just one man,” Shmulik continued, emphasizing the management team’s point that 80% of Twitter’s audience comes from outside the...

February 10, 2021
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Twitter stock closes at seven-year high, as analyst cheers newfound ‘swagger’

Twitter stock closes at seven-year high, as analyst cheers newfound ‘swagger’

Twitter Inc.’s stock took off Wednesday after the social-media company’s fourth-quarter results and commentary about the outlook helped relieve concerns about how the service will fare in the new reality. For the first quarter, the company expects 20% growth in its count of monetizable daily active users, a projection that “mostly mitigated” fears of a user exodus following the company’s decision to ban former President Donald Trump from the platform, wrote Bernstein analyst Mark Shmulik. “Twitter...Twitter Inc.’s stock took off Wednesday after the social-media company’s fourth-quarter...

February 10, 2021
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Apple developing 'pricey, niche' VR headset ahead of eventual augmented reality glasses: report

Apple developing 'pricey, niche' VR headset ahead of eventual augmented reality glasses: report

Apple Inc.is planning a headset that would be a "pricey, niche precursor" to an eventual pair of augmented-reality glasses, . Apple has long been rumored to be planning a dedicated augmented-reality device, but its first foray into the headset space could be mainly focused on virtual reality, the report said, with a launch coming as early as 2022. The report cites "some Apple insiders" who said that the headset could be considerably pricier than competing VR offerings such that Apple might only sell one unit a day in each of its retail locations. The company is farther behind in its...

January 21, 2021
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Apple to launch developer academy in Detroit as part of $100 million racial-justice investment

Apple to launch developer academy in Detroit as part of $100 million racial-justice investment

Apple Inc. shared more information Wednesday about its plans to invest $100 million toward racial-justice goals. The company is making a $25 million contribution to help launch the Propel Center, which supports students and faculty members at historically black colleges and universities (HBCUs). Apple's contribution will help the Propel Center offer programming virtually as well as in person through a physical campus at the Atlanta University Center. The company will invest $10 million in Harlem Capital, an early-stage venture-capital company that invests in diverse founders. Apple also...

January 13, 2021
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Twitter’s Trump ban could hurt user engagement but appeal to advertisers, analysts say

Twitter’s Trump ban could hurt user engagement but appeal to advertisers, analysts say

Twitter Inc. is leading social-media stocks lower Monday as investors digest a new reality for the services after Twitter permanently banned President Donald Trump from its platform and Facebook Inc. said it would restrict him at least until the end of his term. The announcement from Twitterwhich came late Friday, followed a violent attack on the U.S. Capitol by Trump supporters midweek. Twitter charged that Trump’s tweets after the riot . Facebookhad announced Thursday that Trump.Twitter shares are off 6.6% in Monday morning trading, while Facebook shares are down 3%. Shares of Apple...

January 11, 2021
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Google will let users get digital bank accounts through its mobile wallet

Google will let users get digital bank accounts through its mobile wallet

Alphabet Inc. will soon let customers apply for digital bank accounts though its Google Pay wallet as the internet giant dives deeper into financial technology.Google announced Wednesday that beginning in 2021, consumers will be able to obtain digital bank accounts, which it’s calling “Plex” accounts, from within Google Pay. These accounts will be offered by 11 banks and credit unions to start, and users will be able to get both checking and savings accounts without monthly fees, minimum-balance requirements or overdraft fees. The company said in a blog post that users can currently join a...

November 18, 2020
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Tesla and Netflix put their big 2020 gains on the line in the coming week

Tesla and Netflix put their big 2020 gains on the line in the coming week

Two of 2020’s hottest companies will try to keep their momentum alive as earnings reporting season kicks into high gear this coming week.  Netflix Inc.has been one of the biggest beneficiaries of the COVID-19 crisis, as more people flocked to streaming services amid quarantine measures and a dearth of traditional new TV programming in the first half of the year. Now the question is whether that easy growth is in the past.After , Netflix warned investors to brace for a slowdown. Analysts expect only 3.8 million new paid subscribers for the third quarter when Netflix reports results Tuesday...

October 17, 2020
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