financial

Ohio becomes first state to accept tax payments in Bitcoin

Ohio becomes first state to accept tax payments in Bitcoin

Ohio has become the first state to accept tax payments in the form of Bitcoin. The cryptocurrency, though not as valuable as it once was, continues to be a popular cash alternative; it's accepted by a number of online retailers and now, in at least one state, as a currency for paying tax debt. The new support went live today and covers 23 different tax debt categories.

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Amazon Pay may soon be available in gas stations and restaurants

Amazon Pay may soon be available in gas stations and restaurants

Amazon hopes to get physical stores, such as gas stations, to start accepting Amazon Pay, according to a new report. Amazon Pay enables the company's users to pay for goods and services from other companies using their Amazon account. The payment option is already supported by some online merchants, but sources claim Amazon is looking to expand it into brick-and-mortar stores.

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Apple Q4 2018 hit $62.9bn in revenue with new Services record

Apple Q4 2018 hit $62.9bn in revenue with new Services record

Apple has released its fourth quarter 2018 financial results, revealing a 20-percent increase in revenue to $62.9 billion. According to the company, 61-percent of its quarterly revenue came from international sales. Apple's Services revenue increased to $10 billion during its fourth quarter, as well, a 27-percent increase over the same quarter last year.

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New York awards first Virtual Currency License to Bitcoin ATM operator

New York awards first Virtual Currency License to Bitcoin ATM operator

The New York Department of Financial Services has approved Coinsource's application to install Bitcoin ATMs. The application process took three years, including review and approval, according to Coinsource, which is now one of a dozen companies to get a Virtual Currency License. Coinsource is unique as the only Bitcoin ATM operator to get the approval.

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PayPal teams with Walmart to launch in-store cash services

PayPal teams with Walmart to launch in-store cash services

PayPal has teamed up with Walmart to launch in-store financial services and products to their mutual customers. PayPal announced the collaboration this evening, stating that Walmart will soon offer the financial company's cash-in and cash-out money services, marking the first time PayPal users will have a way to get cash from their accounts within a physical store.

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Tesla resolves Nevada tax lawsuit, blames clerical error

Tesla resolves Nevada tax lawsuit, blames clerical error

News recently surfaced that Tesla had been sued by the state of Nevada over an allegedly unpaid $655,000 unemployment tax bill. Soon after, Tesla has issued a statement on the matter, explaining that it has been resolved and that a clerical error resulted in the legal issue. A Nevada government agency has confirmed the news.

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Newegg hack exposed customers’ credit card data for a month

Newegg hack exposed customers’ credit card data for a month

Online retailer Newegg suffered a security breach that left customer credit card details exposed for around a month, according to a new report. The site was hit by the same hackers behind the recently disclosed British Airways breach, as well as a previous one involving Ticketmaster in the UK. Customers impacted by the security issue will be notified by email.

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Now Facebook wants to see your bank account [Update]

Now Facebook wants to see your bank account [Update]

Facebook is trying to persuade banks to share your financial information with the social network, a further escalation of its personal data aggregation efforts. The company, still stinging from criticism around how it handled the Cambridge Analytica privacy disaster, has nonetheless faced renewed pressure from investors to increase engagement across its services.

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GoPro promises three new products amid Q2 2018 results

GoPro promises three new products amid Q2 2018 results

GoPro has announced its fiscal second quarter financial results, revealing $283 million in revenue, as well as favorable sales in North America. Though the revenue represents a 5-percent year-on-year decrease, it is a huge 40-percent jump quarter-on-quarter. GoPro likewise saw its GAAP gross margin increase 29-percent versus 22-percent in the year's first quarter, and it ended Q2 with $140 million in cash and investments.

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Apple $1 trillion milestone: Here’s why it matters

Apple $1 trillion milestone: Here’s why it matters

Apple is officially the first American company to hit a $1 trillion valuation. The company reached the milestone today when its stock exceeded $207.04 per share, ultimately reaching an all-time high of more than $208. The achievement comes a day after the company announced its third-quarter earnings, which blasted past analyst expectations with more than $53 billion in revenue.

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Apple reveals best June quarter ever with $53 billion in revenue

Apple reveals best June quarter ever with $53 billion in revenue

Apple has announced its third quarter 2018 financial results, revealing a quarterly revenue of $53.3 billion. This was the company's best June quarter ever, according to Apple CEO Tim Cook, who cites strong iPhone, Services and Wearables sales as the driving force for Q3. As well, Apple boasts that this was its fourth consecutive quarter seeing double-digital growth in revenue.

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Chase Pay app now links with Samsung Pay

Chase Pay app now links with Samsung Pay

In the years since the debut of mobile-based tap-to-pay systems like Apple Pay and Google Pay, a number of financial institutions and retailers have tried to implement their own quick-pay services, often lacking in conveniences. It seems Chase is coming to this realization with its own Chase Pay app, which continues to rely on using QR codes. Fortunately for those users with Samsung devices, Chase Pay can now be directly linked to Samsung Pay.

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