Brenda Shimmons

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In Apple Pay breakthrough, everybody wins

SAN FRANCISCO (MarketWatch) — Apple Pay, the new phone-payment system unveiled by Apple Inc. two weeks ago, is a big leap forward.<p>But it has …

FinTech

Sorry, But Saving Money Won't Make You Rich

If you think you can save your way to wealth, you’re wrong. Spending less than you make is not the path to riches. Instead, wealth comes and goes as asset prices -– real estate, stocks, and bonds -– rise and fall.<p>This is why most Americans have no shot at ever being wealthy, while the …

Apple Pay gets a cut of debit card (not just credit card) purchases, analyst says

The details of Apple’s “commercial agreement” with credit card companies and issuing banks for processing Apple Pay payments has been largely a secret, but one equities analyst appears to have gotten his hands on a copy of the terms, and he’s published the main points.<p>Sanjay Sakhrani of Keefe, …

Documents: A-Rod paid for silence

NEW YORK -- For Alex Rodriguez, family loyalty comes at a steep price.<p>According to documents filed last week in U.S. District Court for the Southern …