Latest Financial services technology News

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%....

FILE - In this Dec. 5, 2019, file photo, trader Gregory Rowe, left, and specialist Michael Pistillo work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Dec. 12. (AP Photo/Richard Drew, File)

Pound jumps on expected Tory win; trade talk lifts shares

Dec. 12, 2019 11:15 PM EST

BANGKOK (AP) — The British pound surged early Friday as exit polls indicated a resounding election victory for Prime Minister Boris Johnson's Conservative Party, as talk of a China-U.S. trade deal buoyed share prices in Asia. The British pound strengthened to $1.3468 from $1.3385 late Thursday as...

A man checks stock prices through his smartphone at a brokerage house in Beijing, Friday, Dec. 6, 2019. Shares swung higher in Asia on Friday after a wobbly day of trading on Wall Street as investors awaited a U.S. government jobs report and kept an eye out for developments in China-U.S. trade talks. (AP Photo/Andy Wong)

Asian shares advance after meager gains on Wall Street

Dec. 5, 2019 11:22 PM EST

BANGKOK (AP) — Shares swung higher in Asia on Friday after a wobbly day of trading on Wall Street as investors awaited a U.S. government jobs report and kept an eye out for developments in China-U.S. trade talks. Hong Kong’s Hang Seng rose 0.7% to 26,401.47, while the Nikkei 225 in Japan picked up...

Markets Right Now: Stocks end a wobbly day slightly higher

Dec. 5, 2019 4:21 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending a wobbly day slightly higher on Wall Street as traders wait for more news on trade talks between the U.S. and China. Gains for technology companies and banks outweighed losses in energy and other...