Americans own 714 mln, or nearly one-third of all Mastercard and Visa credit cards worldwide according to data presented by AltIndex.com. As of Q3 2023, there were nearly 2.4 bln Visa and
By Craig Erlam Not the most thrilling start to the week, but that’s to be expected given the number of major events over the last few sessions and the absence of anything
Financial technology is undergoing rapid and transformative changes with the key drivers being the rise of cryptos, greater use of AI, cybersecurity and mobile payments. As we look ahead to 2024, several
By Justin Begley, Moody’s Analytics Despite a resilient U.S. economy, the mood on Main Street continues to be dour. In November, the NFIB’s small business optimism index ticked down slightly to 90.6
By Moody’s Analytics The December meeting of the Federal Open Market Committee was the most dovish since the post-pandemic tightening cycle began. The fed funds rate, as anticipated, was held unchanged. Wednesday’s
By Craig Erlam The Bank of England and the European Central Bank both left rates on hold on Thursday, but unlike following the announcement of their counterparts in the US, there were
By Craig Erlam The most hotly anticipated central bank meeting of the year did not disappoint on Wednesday, with the Federal Reserve potentially delivering this year’s Santa rally. I don’t think many
The U.K. crypto industry maintains a strong pace of growth, growing much faster than the world’s largest crypto market, although far behind the United States in terms of revenue and the number
Markets appear to be overly confident of a policy pivot by the Federal Reserve, warned the CEO of a leading independent financial advisory and fintech, as the inflation figure in the US
Mobile payment service Google Pay, that made 26% of all online transactions last year, is used more often in India and Poland than in the United States or the United Kingdom, according
