Latest Financial services technology News

Traders Timothy Nick, left, and Peter Tuchman work on the floor of the New York Stock Exchange, Tuesday, Feb. 18, 2020. Stocks are opening lower on Wall Street after Apple said it would fail to meet its revenue forecast for the current quarter due to the impact of the virus outbreak in China. (AP Photo/Richard Drew)

Stocks fall as Apple warning raises China virus concerns

Feb. 18, 2020 10:51 AM EST

NEW YORK (AP) — U.S. stocks slipped in early trading Tuesday after technology giant Apple became the most well-known company to warn of a financial hit from the virus outbreak in China. The maker of iPhones said it will fall short of its revenue forecasts in the fiscal second quarter because of production...

Kansans struggle without high-speed internet

Feb. 14, 2020 1:01 AM EST

COTTONWOOD FALLS, Kan. (AP) — The internet service was so bad at Citizens State Bank in Cottonwood Falls that its computers could hardly handle a routine update from Microsoft. So not too long ago, bank vice president Matt Lindamood loaded up the PCs and drove them over to Emporia, 30 minutes away. There,...

People walk past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, Feb. 12, 2020. Asian shares were higher Wednesday, although the outbreak of a new virus in the region continued to weigh on investor sentiments. (AP Photo/Kin Cheung)

Asian shares rise despite worries about virus outbreak

Feb. 11, 2020 10:37 PM EST

TOKYO (AP) — Asian shares were higher Wednesday, although the outbreak of a new virus in the region continued to weigh on investor sentiments. Japan's Nikkei 225 rose 0.5% in morning trading to 23,813.14. Australia's S&P/ASX 200 gained 0.6% to 7,094.00. Hong Kong's Hang Seng added 0.7% to 27,771.29,...

FILE - This  Jan. 31, 2020 file photo shows a sign for Wall Street in New York.  Stocks are getting off to a weak start, Friday, Feb. 7, despite a strong jobs report. Thanks to rallies over the past few days, the market is still on pace for its best weekly gain since last June.(AP Photo/Mark Lennihan, File)

S&P 500 slips for first time this week as momentum stalls

Feb. 7, 2020 4:58 PM EST

Wall Street closed out the market’s best week in eight months Friday with a broad slide as technology and health care stocks gave back some of their recent gains. The pullback, which followed a sell-off in markets around the world, snapped a four-day winning streak for the major U.S. stock indexes. Even...

Stock trader Frank Masiello works at the New York Stock Exchange, Tuesday, Feb. 4, 2020. Stocks are opening broadly higher on Wall Street, following gains overseas. (AP Photo/Mark Lennihan)

Asian shares up on China efforts despite virus worries

Feb. 4, 2020 10:32 PM EST

TOKYO (AP) — Asian shares rose Wednesday on optimism that China's latest actions may help curtail some of the expected economic damage from the virus outbreak. Japan's benchmark Nikkei 225 gained 1.1% to 23,330.11 in morning trading. Australia's S&P/ASX 200 added 0.3% to 6,967.20. South Korea's Kospi...

FILE - In this Jan. 9, 2020, file photo specialist David Haubner works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Jan. 30. (AP Photo/Richard Drew, File)

Asia shares mixed as WHO says China virus a global emergency

Jan. 30, 2020 11:59 PM EST

Shares were mixed in Asia after the World Health Organization declared the outbreak of a new virus that has spread from China to more than a dozen countries a global emergency. Markets in mainland China remained closed as the U.S. warned against all travel to China following the WHO's announcement. Japan's...

FILE - This Aug. 11, 2019, file photo shows credit cards in New Orleans. Visa is purchasing the financial technology company Plaid for $5.3 billion, a major push by the payment processing giant into other types of money transfer systems outside of Visa's traditional credit and debit card business. (AP Photo/Jenny Kane, File)

Visa buys financial technology company Plaid for $5.3B

Jan. 13, 2020 6:36 PM EST

NEW YORK (AP) — Visa is purchasing the financial technology company Plaid for $5.3 billion, a major push by the payment processing giant into other types of money transfer systems outside of Visa's traditional credit and debit card business. Plaid allows consumers to link their bank accounts to financial...

A Chinese investor uses his smartphone as he monitors stock prices at a brokerage house in Beijing, Friday, Jan. 10, 2020. Asian shares rose Friday as worries receded the United States and Iran might be stepping closer to the edge of war, and U.S. indexes hit records. (AP Photo/Mark Schiefelbein)

Asian shares rise after US stocks set records as fears fade

Jan. 9, 2020 11:20 PM EST

TOKYO (AP) — Asian shares rose Friday as worries receded the United States and Iran might be stepping closer to the edge of war, and U.S. indexes hit records. Japan's benchmark Nikkei 225 edged up 0.2% in morning trading to 23,776.09. Australia's S&P/ASX 200 rose 0.7% to 6,923.50. South Korea's Kospi...

How major US stock indexes fared Friday

Jan. 3, 2020 5:01 PM EST

Stocks fell broadly and oil prices surged Friday after a U.S. strike killed a top Iranian general in Iraq, raising tensions in the Middle East. Technology, financial and health care stocks accounted for much of the selling, which ended a five-week winning streak for the S&P 500. The price of oil jumped 3.1%....