Elon Musk’s X begins its push into financial services with Visa deal

Elon Musk’s X begins its push into financial services with Visa deal


Key Points
  • Elon Musk’s X struck a deal with Visa, the largest U.S. credit card network, to be the first partner for what it is calling the X Money Account.
  • Visa will enable X users to move funds between traditional bank accounts and their digital wallet and make instant peer-to-peer payments, like with Zelle or Venmo.
  • It’s the first concrete move from X to create a financial ecosystem for the social media site.



Source

Stocks making the biggest moves midday: UnitedHealth, Pitney Bowes, Apple, Amazon & more
Finance

Stocks making the biggest moves midday: UnitedHealth, Pitney Bowes, Apple, Amazon & more

Check out the companies making the biggest moves midday: Valmont Industries — The agricultural product and infrastructure rallied 12% on better-than-expected results for the first quarter. The company cited strong demand in its North America utility business for the beat. It also hiked the lower end of its full-year earnings guidance. Pitney Bowes — The […]

Read More
Stocks making the biggest moves premarket: Amazon, Apple, GE Aerospace, UnitedHealth & more
Finance

Stocks making the biggest moves premarket: Amazon, Apple, GE Aerospace, UnitedHealth & more

Check out the companies making headlines before the bell: UnitedHealth — Shares popped more than 6% after UnitedHealth reported first-quarter earnings and revenue that beat analyst expectations. The company earned $7.23 per share, adjusted, on revenue of $11.72 billion. Analysts expected a profit of $6.57 per share on revenue of $109.57 billion. UnitedHealth also hiked […]

Read More
Volkswagen announces voice AI in its Chinese cars from later this year
Finance

Volkswagen announces voice AI in its Chinese cars from later this year

Key Points German automaker announced it would incorporate AI agents that allow humans to control car features with voice commands into its cars in China. CTO Thomas Ulbrich told CNBC that the in-car AI agent would draw on tech from Tencent, Alibaba and Baidu. Volkswagen has invested heavily in China in recent years, with stakes […]

Read More