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Human Capital & Careers
Salary Transparency’s Impact On the Future of Labor
With salary ranges being required in more areas, how can executives use these new laws to better their hiring practices?
By
Adam Zaki
| February 3, 2023
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Credit & Capital
U.S. Household Debt Hits Record $1.4 Trillion
Americans beefed up their mortgage balances to a new high, taking advantage of near-zero interest rates.
By
Matthew Heller
| February 17, 2021
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Financial Performance
Visa Beats Estimates as Travel Slump Continues
“The recovery so far has been uneven, V-shaped for domestic volumes but L-shaped for cross-border volumes,” CFO Vasant Prahbhu says.
By
Matthew Heller
| October 29, 2020
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Financial Performance
Visa Profit Drops 23% as Card Spending Slows
Payments volume improved as the third quarter progressed, reflecting the easing of shelter-in-place orders in the U.S.
By
Matthew Heller
| July 29, 2020
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Financial Performance
Reduced T&E Spending Continues to Hit AmEx
AmEx is "in a tricky situation because they have a large corporate book and a big T&E book and those are the parts in the world’s economies that are weak."
By
Matthew Heller
| July 24, 2020
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Financial Performance
AmEx Takes Profit Hit, Plans Spending Cuts
"The first two months of 2020 continued the strong momentum we have delivered over the past two years, but we’re now in a different world."
By
Matthew Heller
| April 24, 2020
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Regulation
Sanders, AOC Call for Cap on Credit Card Rates
The high-profile lawmakers say a 15% cap is needed to protect consumers from the "economic brutality" of big banks.
By
Matthew Heller
| May 10, 2019
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Credit
Banks Making a Bundle
“The current economic expansion is the second longest on record, and the nation’s banks are stronger as a result," said the FDIC chair.
By
Vincent Ryan
| August 24, 2018
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The Economy
Consumer Credit Jumps $24.5 Billion in May
The gain was the largest since November 2016 and easily beat economists' expectations of a $12.4 billion increase.
By
Matthew Heller
| July 10, 2018
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Financial Performance
Mastercard Beats Views With Record Revenue
Overseas transactions played a "major role" in Mastercard's Q1 performance as gross dollar volume increased 23.5% compared to 10.5% in the U.S..
By
Matthew Heller
| May 2, 2018
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The Economy
U.S. Household Debt Reaches Record $13.15T
“The current debt level is still manageable and is likely to grow further this year,” one economist says.
By
Matthew Heller
| February 14, 2018
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Financial Performance
Discover Profit Takes $189M Hit From Tax Law
The card company's net income for Q4 dipped to $387 million from $563 million, but all its loan segments saw growth.
By
Matthew Heller
| January 25, 2018
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Financial Performance
Capital One Swings to $971 Million Loss in Q4
The credit card issuer increased its credit loss provision by 5% and also took a $1.77 billion hit from the new tax law.
By
Matthew Heller
| January 24, 2018
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Credit
Consumer Credit Rises to Record $3.8 Trillion
The surge in borrowing in October was fueled by a 9.9% increase in revolving credit outstanding, which mostly consists of credit-card loans.
By
Matthew Heller
| December 8, 2017
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Financial Performance
Mastercard Profit Jumps 21% to Record $1.43B
Strong consumer spending overseas helped drive Mastercard's gross dollar volume to $1.4 trillion in the third quarter.
By
Matthew Heller
| October 31, 2017
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Financial Performance
Rewards Spending Cuts Into AmEx Profit
The company's consolidated expenses rose 21% to $5.8 billion in Q2 as it tried to keep affluent customers from switching to rivals.
By
Matthew Heller
| July 20, 2017
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