Sun. Nov 27th, 2022

master card

Shipt and Mastercard are joining forces to offer a delivery promotion to consumers during the holiday season.

Shipt said that anyone who pays for a package of Shipt Passes using a Mastercard will get an additional complimentary pass from now up to Dec. 15, according to a Monday (Nov. 2) announcement.

“This is a holiday season like none other, and our partnership with Mastercard makes it even more affordable for consumers to let Shipt take care of shopping the aisles — so they can focus on the more important things,” Shipt Chief Business Strategy Officer Rina Hurst said in the announcement.

Shipt started providing clients with the ability to pay per order by buying Shipt Passes earlier in 2020, providing greater flexibility than the yearly membership plan and the chance to save as much as 20 percent when buying a series of passes

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A lot has changed since the

American Funds New Perspective

fund made its debut in 1973. Back then, crude oil dominated global trade. Today, technology does. But there have been two constants for the fund in the past nearly five decades: its ability to adapt to shifting global trade patterns and its strong performance. 

Being so nimble has helped the $109 billion New Perspective fund (ticker: ANWPX) beat the MSCI ACWI index and the world large-stock category on a one-, three-, five-, 10-, and 15-year time frame. It has stayed in the top 25% of its category for the duration, notably outperforming 96% of its peer funds over the past 15 years with a 9.5% annualized return. The Morningstar silver-medalist fund delivers such outperformance all while boasting a low 0.76% expense ratio. 

Rob Lovelace, 57, co-manages the fund with Joanna “Jody” Jonsson and five other managers, who were chosen for

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Small businesses led by women, which have been hit disproportionately hard by the coronavirus pandemic, will soon get new backing from Mastercard. In a statement released last month, the financial services giant reaffirmed a prior goal to help 25 million women entrepreneurs and 50 million small businesses prosper through better access to the digital economy — and bolstered the commitment with a new partnership. 

Mastercard and its Mastercard Impact Fund are collectively putting a new $20 million worth of investment to work through CNote, an impact investment fund founded by women. The money will be used in CNote’s impact management Promise Account. The partners say they hope the additional funding will help female and minority owned businesses to grow and recover from the pandemic and related economic disruptions.

The recent Small Business Summit run for free by Mastercard in partnership with Create & Cultivate is also testament to these efforts.

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Mastercard has welcomed 10 fintechs from around the world to participate in its award-winning startup engagement program, Start Path, to scale the future of commerce.

From bridging the digital divide for the next billion mobile users to addressing the needs of the underbanked and beyond, Mastercard is helping fintechs accelerate the way they change the world.

Mastercard will work with these companies through a six-month program to co-innovate and uncover opportunities that leverage Mastercard’s technology, expertise and network to drive the future. Mastercard’s collaborative approach to innovation means investing in solutions that bring more people into the digital economy, instill trust at every transaction and protect the identity of people and things.

With the accelerated shift to digital experiences and rapidly evolving consumer behaviors, COVID-19 has created an immediate need for innovative technology solutions, and partnership opportunities abound. In both developed and developing areas of the world, technology

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What happened

As Election Day 2020 faded into history, Americans breathed a huge sigh of relief. Not because President Donald Trump won or because Democratic challenger Joe Biden won (we actually don’t know who won yet), but because it’s over. And now Americans can get back to what Americans do best: excessive discretionary spending.

Perhaps anticipating a wave of consumer spending now that the election is over, and with Thanksgiving — and Black Friday — on the horizon, investors turned their interests to the stocks of MasterCard (NYSE:MA), Shopify (NYSE:SHOP), and PayPal (NASDAQ:PYPL) on Wednesday. As of 10:45 a.m. EST, MasterCard stock is up a strong 4.1%, Shopify stock 4.4%, and PayPal 5.7%.

Three colorful arrows racing upward on a black background.

Image source: Getty Images.

So what

Now, it’s a bit curious that out of these three stocks, PayPal is the one that’s performing best today. Despite the company beating earnings on Monday, PayPal stock fell

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