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The stock market rally has stalled as the final Federal Reserve meeting of the year approaches. In the past week, the Nasdaq Composite (^IXIC) was the only of the three major indexes to post a weekly gain, closing up more than 0.3%. Meanwhile, the S&P 500 (^GSPC) fell about 0.6%,...

China’s retail sales disappointed in November as sentiment in the real estate market weakened further, in another sign that Beijing’s efforts to boost the economy have failed to revive sluggish demand. Retail sales rose by 3% in November from a year ago, according to National Bureau of Statistics data released Monday,...

Supporting the development of the global digital assets ecosystem, crypto firms, Circle Internet Group Inc., and Binance, have joined forces to expand the adoption of USDC. Through the partnership, Binance will make USDC more extensively available across its full suite of products and services. It will ensure that its more than 240 million global...

Three dealers fell victim to the same sophisticated fraud scheme in just one week. The story, spreading through dealership break rooms across the country, is becoming all too familiar. A new wave of digital payment fraud has hit the...

Asia-Pacific markets were mixed Wednesday, after major Wall Street benchmarks declined ahead of key inflation data that could influence the Federal Reserve’s interest rate decision. China is reportedly kicking off its annual economic work conference on Wednesday to outline...

Adidas’ German headquarters was raided on Tuesday in connection with a yearslong tax investigation, the company confirmed to CNBC in a statement. Authorities are investigating customs and tax regulations for products imported into Germany over a roughly...

As digital transactions play a role in the financial landscape, financial institutions invest heavily in fraud prevention tools. Efforts to combat fraud in routine digital payments have been successful, but a new challenge has emerged in the form of social engineering scams.

Oracle shares slid 7% in extended trading on Monday after the database software company reported fiscal second-quarter results that fell short of analysts’ estimates and issued a weaker-than-expected forecast. Here is how Oracle did compared to LSEG consensus: Earnings per share: $1.47 adjusted vs. $1.48 expected Revenue: $14.06 billion vs. $14.1 billion expected Oracle’s...

Comcast Cable CEO Dave Watson told investors on Monday that the company expects to lose more than 100,000 broadband subscribers during the fourth quarter as the market remains “competitively intense.” Comcast shares dropped nearly 10% following Watson’s remarks at the UBS Global Media and Communications Conference on Monday. Cable broadband growth...

The trucking industry is crucial to the national economy, transporting more than 72% of freight by weight. Outdated payment methods, however, hinder efficiency, prompting the search for faster, digital solutions. A PYMNTS Intelligence report, “Fast-Lane Finance: Accelerating Payments in the Trucking Industry,” in collaboration with Ingo Money, explores how the industry is overcoming challenges,...