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As the mobile wallet market grows in profitability, however, competition is also heating up. Go-Pay’s largest rival, Ovo, is backed by Singapore-based tech company Grab and is one of the largest players in Indonesia’s digital payment market. State-owned enterprises have also recently collaborated to launch the mobile payment service, LinkAja. Haryopratomo said he was “excited”
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Trade negotiations between the United States and China have boiled down to whether President Donald Trump can trust the Chinese or not, CNBC’s Jim Cramer said Wednesday. “It’s not about the trade gap, people. It’s about the trust gap,” the “Mad Money” host said. “Until investors realize that’s what’s driving these negotiations, we’ll forever be
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Levi Strauss priced its initial public offering at $17 per share, the company announced late Wednesday. That number comes in higher than the expected range, valuing the iconic denim company at about $6.6 billion and bringing its total raise to about $623 million. The company was expected to price its offering of about 36.7 million
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Have tech companies gotten so big that it’s bad for the economy? Senator Elizabeth Warren says so. She’s proposing to break up not one, but several tech giants, including Amazon, Apple, Facebook and Google. She says they shouldn’t be allowed to both run distributor platforms and compete on them. It’s like being an umpire and
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Business owners with pass-through entities — including sole proprietorships, S-corporations and partnerships — may be entitled for a new 20 percent deduction on qualified business income on their 2018 tax return. Entrepreneurs with taxable income below $157,500 if single or $315,000 if married and filing jointly may qualify. Limitations to the tax break kick in
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For many high school seniors, financial aid is the only thing that makes college attainable. However, to tap into that aid, students must first file a Free Application for Federal Student Aid, which serves as the gateway to all federal money, including loans, work-study and grants. For the 2019-2020 school year, the FAFSA filing season
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Market focus is largely attuned to global trade developments, amid media reports of U.S. concerns that China is pushing back against American demands in trade talks. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin both plan to travel to Beijing next week for another round of negotiations with Chinese Vice Premier Liu He,
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