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ABA Calls on Banks to Promote Financial Inclusion Through Bank On-Certified Accounts

The American Bankers Association today issued a call on U.S. banks to help foster financial inclusion by offering Bank On-certified accounts. Bank On-certified accounts aim to expand access to banking services and reduce the number of unbanked and underbanked Americans. Account features include minimal costs, no overdraft fees, and foundational transaction capabilities such as bill […]

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Allstate Joins CDP Supply Chain, Asks Suppliers to Report Emissions Data

Property and casualty insurer Allstate announced today that it has joined CDP supply chain, and will begin asking key suppliers to report emissions data to CDP’s platform. According to global non-profit CDP, the environmental impact of most companies’ supply chains is many times that of their own operations. CDP Supply Chain is a global disclosure […]

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Pioneer Inks Father-Son Shale Merger, Adding To Permian Basin Frenzy

Consolidation in the prolific Permian Basin continues as Pioneer Natural Resources (PXD) reached a deal late Tuesday to buy Parsley Energy (PE). X The all-stock transaction is valued at about $4.5 billion. Parsley shareholders will receive 0.1252 shares of Pioneer stock for each share of Parsley. Including debt, the total value of the acquisition is […]

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Netflix Whiffs On Third-Quarter Earnings As Subscriber Growth Slows

Internet television network Netflix (NFLX) late Tuesday badly missed Wall Street’s expectations for new subscribers and earnings in the third quarter. The Netflix earnings report drove NFLX stock sharply lower in extended trading. X Los Gatos, Calif.-based Netflix added 2.2 million new subscribers worldwide in the September quarter. Netflix had forecast adding 2.5 million new […]

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Texas Instruments Sales Return To Growth After Seven Down Quarters

Chipmaker Texas Instruments (TXN) late Tuesday handily beat Wall Street’s targets for the third quarter and guided higher for the fourth quarter. The Texas Instruments earnings news sent TXN stock higher in extended trading. X The Dallas-based company earned $1.45 a share on sales of $3.82 billion in the September quarter. Analysts expected Texas Instruments […]

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Nasdaq And Other Key Indexes End Slump, But Here’s The Tricky Part Of The Stock Market Today

Not all up days in the stock market should be treated equally. And Tuesday’s session perhaps could go into the folder named “less than ideal.” X The Nasdaq composite, S&P 500 and Dow Jones Industrial Average finished higher in the range of 0.4% to 0.5%. But the major equity indexes squandered tastier gains of the… […]

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Dow Jones Futures: Stock Market Rally Hits Pelosi Stimulus Deadline; Netflix Dives, While Snap Rockets 24% On Earnings

Dow Jones futures were higher, along with S&P 500 and Nasdaq 100 futures, late Tuesday, as the stock market rally hits the coronavirus stimulus deadline. Tech giants Apple, Nvidia, PayPal, Shopify and Tesla are approaching new buy points. Netflix dived 7% on weak earnings results, while Snap rocketed 24% on earnings after the close. X […]

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