News 

High-Tech Gadget Lets Thieves Steal Credit Card Info At Gas Pumps…

“In a memo to its field offices, Krebs reports, the agency said some high-tech thieves have devised an innovative way to steal your credit card information: adding next-gen credit card skimmers to gas pumps” reports fastcompany.com. These nasty little gadgets swipe the data from cards that use the contactless payment method at the gas pump. Source: fastcompany.com

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WSJ: Apple and Goldman Sachs’ joint credit card due this spring with cool Wallet features

“Having a credit card of its own would enable Apple to take a bigger slice of the swipe fees versus Apple Pay purchases via third-party credit or debit cards” reports idownloadblog.com. Tellingly, the Wallet app has received some noteworthy visual changes in the iOS 12.2 beta, potentially foreshadowing the credit card’s arrival.In a similar fashion, “rings” in the Wallet app would close as users hit daily targets.Apple and investment bank Goldman Sachs are working on a joint credit card, to be launched this spring, that will have some unique features…

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Apple, Goldman team up on credit card paired with iPhone

“Apple Inc. and Goldman Sachs Group Inc. plan to start issuing this spring a joint credit card paired with new iPhone features that will help users manage their money” writes Tripp Mickle for marketwatch.com. The credit card is Goldman’s GS, -1.04% first, and a heavy lift.The bank is adding customer-support call centers around the country and building an internal system to handle payments. Source: marketwatch.com

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Apple is teaming up with Goldman Sachs to launch a credit card later this year

“Both Apple and Goldman Sachs are banking on this credit card being a success” writes Matt Binder for mashable.com. The company also takes a cut from credit card transactions made through Apple Pay, so Apple is already quite familiar with how much revenue it can generate from credit card.Apple is jumping into the credit card business with Goldman Sachs.The joint credit card with Goldman Sachs will use Mastercard’s payment network.According to a report in the , Apple and Goldman Sachs are joining up to launch a new credit card that…

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Moncler Genius: One luxury brand’s strategy to reinvent the fashion model

“He carried out an almost head-to-toe reorganization of the brand’s business model and supply chains in order to launch a new initiative, Moncler Genius” reports cnn.com. The Moncler Genius project, first unveiled at Milan Fashion Week last year, tossed aside the idea of appointing a single creative director to helm a brand.He claimed that the visibility and perception of the Moncler brand has improved. Source: cnn.com

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Goldman Sachs and Apple are reportedly partnering to launch a new iPhone-linked credit card

“Goldman Sachs is reportedly partnering with Apple to launch a new credit card paired with fresh iPhone features, according to a story from the Wall Street Journal Thursday” writes Will Martin for businessinsider.com. It will be the first consumer credit card launched by Goldman Sachs, which has only been active in the retail banking space for around two years.The card will reportedly give customers additional features in Apple’s pre-existing wallet app, which allows iPhone users to link bank cards to their phone and use Apple Pay to pay for goods…

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GBP News 

The looming threat of no deal Brexit could push the UK’s credit rating to its worst level in decades

“The lower a country’s credit rating is, the higher interest rates it must pay when accessing debt in the markets” writes Will Martin for businessinsider.com. The warning comes as the UK struggles to pass a Brexit deal through parliament, and the country’s established political parties fracture.The agency on Wednesday evening placed the UK on what is known as a Rating Watch Negative (RWN), meaning that it is actively monitoring the UK’s credit rating with an eye to lowering it in the near future.Fitch, one of the “Big Three” ratings agencies,…

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GBP News 

The credit of British companies is declining in quality and austerity and Brexit are largely to blame

“Credit Benchmark Again, credit quality is holding up: US: changes in credit quality at 326 large consumer goods companies” writes Jim Edwards for businessinsider.com. The black line shows the net trend, which is that banks believe more UK companies’ credit quality is deteriorating than improving.Credit Benchmark In Europe, the same sector is faring better: EU: changes in credit quality at 204 large consumer goods companies.Credit Benchmark US: cumulative changes in credit quality at 326 large consumer goods companies over time.Credit Benchmark UK: cumulative changes in credit quality of 397 large…

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News Stocks 

Fresh Del Monte to suspend its dividend; stock remains halted for news

“The stock’s previous quarterly dividend was 15 cents a share, with the annual rate of 60 cents a share implying a dividend yield of 2.05% at Tuesday’s closing price” writes Reporter Editor for marketwatch.com. The stock has now tumbled 36.7% over the past 12 months while the S&P 500 SPX, +0.18% has gained 2.5%.FDP, -5.14% dropped 1.7% after resuming trade Wednesday, after the fruit and vegetable producer said it will suspend its quarterly cash dividend, “in light of the terms of the company’s credit facility.”. The stock’s selloff comes after…

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