Wall Street Today | Amazon backs off threat to ban U.K.-issued Visa credit cards
U.S. stock futures are little changed ahead of more earnings reports
U.S. stock futures were little changed Monday night as traders braced for the latest batch of corporate earnings reports.
Futures tied to the $Dow Jones Industrial Average (.DJI.US)$ ticked higher by 0.1%. $S&P 500 Index (.SPX.US)$ futures rose marginally, and $Nasdaq Composite Index (.IXIC.US)$ futures dipped 0.1%. U.S. markets were closed Monday due to the Martin Luther King holiday.
Amazon backs off threat to ban U.K.-issued Visa credit cards
$Amazon (AMZN.US)$ said customers can continue to make purchases with $Visa (V.US)$ U.K. credit cards, stepping back from a threat to block such transactions because of the card network's high fees.
$Amazon (AMZN.US)$ in November told customers it would stop accepting Visa credit cards issued in the U.K. starting Jan. 19. On Monday, the online retailer said it would allow customers to keep using their cards past that date while it negotiates an agreement with Visa.
Credit Suisse needs to salvage reputation after chairman quits in latest scandal
$Credit Suisse (CS.US)$ Chairman Antonio Horta-Osorio resigned on Sunday after violating Covid-19 quarantine rules, the latest in a series of high-profile scandals that have rocked the Swiss bank in recent years.
Horta-Osorio took over as chairman of Switzerland's second-biggest lender in April last year, with a mission to clean up its corporate culture after its damaging involvement with collapsed investment firm Archegos Capital and insolvent supply chain finance company Greensill.
Giant stock swings kick off 2022
U.S. stocks are off to a rocky start in 2022. Under the surface, things are even more volatile.
More than 220 U.S.-listed companies with market capitalizations above $10 billion are down at least 20% from their highs. While some have bounced from their lows, many remain in bear-market territory. They include $S&P 500 Index (.SPX.US)$ behemoths like $Disney (DIS.US)$, $Netflix (NFLX.US)$, $Salesforce (CRM.US)$ and $Twitter (Delisted) (TWTR.US)$.
Ford signs five-year payments deal with Stripe for e-commerce drive
Online payment processor Stripe has signed up $Ford Motor (F.US)$ as a customer, in a five-year deal aimed at bolstering the automotive giant's e-commerce strategy.
Ford Motor Credit Company, the carmaker's financial services arm, will use Stripe's technology to process digital payments in markets across North America and Europe, the companies said in a statement Monday.
Walmart is quietly preparing to enter the metaverse
$Walmart (WMT.US)$ appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of nonfungible tokens, or NFTs.
The big-box retailer filed several new trademarks late last month that indicate its intent to make and sell virtual goods, including electronics, home decorations, toys, sporting goods and personal care products. In a separate filing, the company said it would offer users a virtual currency, as well as NFTs.
Activision Blizzard pushes out dozens of employees over workplace misconduct
$Activision Blizzard (ATVI.US)$ has fired or pushed out more than three dozen employees and disciplined about 40 others since July as part of efforts to address allegations of sexual harassment and other misconduct at the videogame giant, according to people familiar with the situation.
Martin Luther King Jr.'s family marks holiday with voting-rights March
The nation's capital marked Martin Luther King Jr. Day with a march for voting rights led by the late civil-rights leader's family, as congressional Democrats vowed to press ahead on voting-rights legislation despite its expected failure.
The leaders of the march, which police estimated had about 2,000 participants at its peak before dwindling on a frigid day, urged people to call on Congress to enact changes to elections law nationwide in lieu of celebrations on the federal holiday dedicated to Dr. King’s birthday.
Source: Bloomberg, CNBC, FT
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