Berkshire Hathaway Inc on Monday disclosed it has begun investing in Capital One Financial Corp while exiting investments in four other stocks, as the company run by Warren Buffett cut back its exposure to equities.
Visa Inc's quarterly profit topped Wall Street expectations on Tuesday, as a recovery in travel and an improving global economic picture drove volume growth at the world's largest payment processor.
4 Min Read
(Reuters) - Big U.S. banks are prepared for credit-card balances to start ticking up again this year as pandemic restrictions ease and stimulus checks stop arriving, setting up the industry for a bump in one of its most profitable businesses.
FILE PHOTO: Mastercard Inc. credit cards are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier/Illustration//File Photo
Lenders, including Capital One, Citigroup and JPMorgan, have been sending out more promotions to enroll new customers and encourage borrowers to spend, said Andrew Davidson of marketing-tracker Mintel Comperemedia. Some 260 million offers were sent in March, the firm estimates.
By Reuters Staff
3 Min Read
(Reuters) -More than 100 U.S. companies including Apple Inc, Amazon.com Inc, Ford Motor Co and Starbucks Corp have declared their opposition to voting curbs that a number of states are considering implementing.
FILE PHOTO: Voters cast their ballots in Georgia’s Senate runoff elections at a Fulton County polling station in Atlanta, Georgia, U.S. January 5, 2021. REUTERS/Elijah Nouvelage/File Photo
Activist groups say the restrictions - outlined in voting rights bills already passed in Georgia and being weighed in, among others, Texas and Arizona - are specifically targeting Black people and other racial minorities.
6 Min Read
BOSTON/NEW YORK (Reuters) - A push to attract young and diverse talent and global consumers is behind some of corporate America’s willingness to speak out on politically charged issues like Georgia’s new voting law, executives and corporate governance experts said.
FILE PHOTO: Protesters gather outside of the Georgia State Capitol to protest HB 531, which would place tougher restrictions on voting in Georgia, in Atlanta, Georgia, U.S. March 4, 2021. REUTERS/Dustin Chambers/File Photo
Georgia’s decision last month to strengthen identification requirements for absentee ballots and make it a misdemeanor to offer food and water to voters waiting in line, among other changes, drew condemnation from many U.S. companies this week, including Microsoft Corp and Citigroup.