financial

Tumblr has been acquired by WordPress owner Automattic

Tumblr has been acquired by WordPress owner Automattic

In May, word surfaced that Verizon was in talks with multiple companies about purchasing Tumblr, the social media platform it acquired with its purchase of Yahoo in 2017. In an announcement today, Automattic, the company that owns Wordpress, revealed that it has agreed to purchase Tumblr from Verizon, though the price it paid hasn't been disclosed.

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Venmo finally offers instant money transfers to bank accounts

Venmo finally offers instant money transfers to bank accounts

PayPal's mobile payment service Venmo is finally offering instant money transfers directly to bank accounts. The new option follows the company's launch of Instant Transfer last year, which was limited to transfers to eligible debit cards. According to the company, its new Instant Transfer option has the same fees and joins the standard free bank transfer option.

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What banks can learn from Apple Card

What banks can learn from Apple Card

Live and breathe Apple? Here’s the latest piece of Apple tech available this month for you to flex. It’s the Apple Card – except it doesn’t flex. It’s a solid sheet of sturdy titanium that sits in your wallet with the rest of your cards. Launching Apple’s venture into the banking and finance industry, Apple Card works like Apple Pay in the form of a card. The card comes in handy at cashiers and checkouts that don’t accept mobile payment. Created with the help of Goldman Sachs and powered by Mastercard, Apple’s new venture has plenty of pedigree and should be accepted at just about any cashier.

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Apple reveals $53.8b Q3 2019 revenue and new Services record

Apple reveals $53.8b Q3 2019 revenue and new Services record

Apple has announced yet another record-setting milestone, revealing that it raked in $53.8 billion in revenue during its June quarter, as well as setting a new Services revenue record for the company. The record revenue represents a 1-percent increase over the year-ago quarter; of it, Apple says that international sales fueled 59-percent of its third-quarter revenue.

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Tesla reveals quarterly record production and deliveries in Q2 2019

Tesla reveals quarterly record production and deliveries in Q2 2019

Tesla has published its second-quarter 2019 financial report, revealing record deliveries of 95,356 vehicles alongside a new record production of 87,048 vehicles. These new records exceed the previous quarterly records set by the company in its fourth-quarter of 2018. In addition, Tesla says its ended Q2 2019 with its highest cash and cash equivalents ever at $5.0 billion.

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Facebook Libra cryptocurrency revealed with Calibra digital wallet to manage it

Facebook Libra cryptocurrency revealed with Calibra digital wallet to manage it

This morning, Facebook confirmed some long-running rumors by announcing that it's about to dive into the world of cryptocurrency. That cryptocurrency is called Libra, and it'll launch next year alongside a digital wallet called Calibra. Calibra will be a subsidiary of Facebook, while Libra will be governed by the Libra Association, an organization comprised of a number of different companies (including Facebook and Calibra) that's headquartered in Geneva, Switzerland.

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Trouble managing finances may hint at future dementia diagnosis

Trouble managing finances may hint at future dementia diagnosis

Dementia is a tragic disease and growing public health concern, with officials warning that a solid treatment option is necessary to mitigate the large anticipated uptick in cases over coming years. Early detection is a key part of any future treatment that will prevent or reverse the disease, and we've seen a number of promising tests that may reveal the underlying illness before clinical symptoms appear.

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AT&T now supports cryptocurrency for online bill payments

AT&T now supports cryptocurrency for online bill payments

AT&T made a surprising announcement today: its customers can now pay their bills using cryptocurrency. The option is made possible by AT&T's new BitPay support, opening the door for bill pay using Bitcoin instead of cash or credit. By adding the support, AT&T has become the first major wireless carrier in the United States to accept cryptocurrency payments.

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Bitcoin mobile payments arrive at Whole Foods, other major retailers

Bitcoin mobile payments arrive at Whole Foods, other major retailers

A number of major retailers, including Whole Foods and Bed Bath & Beyond, now accept Bitcoin payments made with the Flexa SPEDN app. A total of 15 retailers are accepting the cryptocurrency payment method, which also includes the Bitcoin alternatives Gemini Dollars, Bitcoin Cash, and Ethereum. Flexa's app is currently available for iPhone and will arrive on Android in the near future.

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Apple Q2 2019 sees $58bn revenue despite iPhone sales slump

Apple Q2 2019 sees $58bn revenue despite iPhone sales slump

Apple has announced its second quarter financial results for the year, revealing quarterly revenue of $58 billion, which includes new record Services revenue at $11.5 billion. Though the quarterly revenue was down 5-percent year-on-year, the company's earnings met analysts' expectations, joining strong iPad growth and more. The figures join a strong guidance for the company's third quarter.

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Tesla reports huge $702m net loss for Q1 2019

Tesla reports huge $702m net loss for Q1 2019

Tesla has revealed its Q1 2019 financial details, reporting a heavy loss of $702 million for the first quarter. The company ended Q1 with $2.2 billion in cash and equivalents, a $1.5 billion drop from the end of last year. Among other things, Tesla reports that it was negatively impacted by 'non-recurring items.' The company's $4.54 billion quarterly revenue fell short of expectations.

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Google Pay can now automatically pull loyalty cards and more from Gmail

Google Pay can now automatically pull loyalty cards and more from Gmail

Google Pay is getting a new feature that makes it easier to retrieve your boarding pass, movie tickets, and other content typically emailed to customers. There's a catch, though: you need to use Gmail as your email service. The new feature is rolling out to Google Pay now, enabling users to automatically harvest tickets and similar content from a Gmail account.

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