DISCOVER PLUNGES TO DECADE LOW AFTER WARNING INVESTORS OF RISING EXPENSES

Charlie Riedel / AP Images Discover stock fell the most in more than a decade after warning it may need to boost operating expenses as much as 11% in 2020. The company's increased spending will drive marketing for non-card products and better technology, executives said on a call with analysts. The company has been utilizing new analytics technology to predict which clients will fall behind or default on credit card loans. The practice bol...

BusinessInsider (Date:01/24/2020 20:19) Read full article >>

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