Why Visa’s antitrust battle could be so worrying to Wall Street
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MarketWatch - Business
Why Visa’s antitrust battle could be so worrying to Wall Street
Visa’s stock falls as Justice Department launches suit. An analyst notes there are more potential alternatives to Visa’s debit network in the event the company is penalized.2 hours ago -
Financial Times - Business
US antitrust lawsuit accuses Visa of using dominance to shut down rivals
Payments company had ‘web of exclusionary agreements’ to shore up $7bn-a-year debit business, justice department says2 hours ago -
The Guardian - World
US sues Visa for monopoly on debit-card use affecting ‘price of nearly everything’
Government claims firm stifles competition by threatening merchants with high fees and pays off potential rivals. The US Department of Justice has sued Visa, accusing one of the world’s largest ...3 hours ago -
The Hill - Politics
Justice Department accuses Visa of monopolizing debit market in antitrust lawsuit
The Justice Department sued Visa on Tuesday, accusing the credit card company of illegally maintaining a monopoly over the debit market. The DOJ argues that Visa has limited competition by ...5 hours ago -
CNBC - Business
Wall Street has turned too negative on Starbucks — a turnaround is underway
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.8 hours ago -
The New York Times - Business
Visa Faces an Antitrust Lawsuit by the Justice Dept.
The agency plans to argue that the company illegally penalizes customers that try to use rival payment processors.9 hours ago -
Inc. - Business
Visa to Face Antitrust Suit Over Debit Card Market Monopoly
The suit follows a 2023 Department of Justice investigation of the card issuer's business practices.11 hours ago -
The New York Times - Business
Why the Justice Department is Targeting Visa
The Justice Department is expected to sue the global payments giant as soon as Tuesday, accusing the company of stifling competition.12 hours ago -
The Guardian - World
I was relieved to see the AfD beaten in my home state. Now we must confront why it is so popular | Eva von Redecker
East Germany’s social fabric is torn after decades of neglect. Without repairing it, we can never hope to truly fend off fascism. Sunday was election day in my state of Brandenburg. The morning was ...13 hours ago -
The Hill - Politics
Democrats worry intense fighting in Middle East could hurt Harris
Democrats worry that intensified fighting in the Middle East could lead to further tensions in their party, costing Vice President Kamala Harris and other Democratic candidates in the process. The ...14 hours ago -
The Guardian - World
‘The otter came so close I could smell her fishy breath’: scribbles and sketches from Scotland’s wild isles
In an extract from her new book, Still Waters & Wild Waves, the artist and illustrator Angela Harding documents the wildlife and landscapes of the Scottish islands Fair Isle and Shetland. Words ...18 hours ago -
Financial Times - Business
‘Get a grip’: why has the Labour government been so bad at politics?
Unforced errors in past few weeks point to lack of political judgment in Downing Street20 hours ago -
CNBC - Business
Only 33% of millionaires consider themselves wealthy, report finds. Why it's so hard to feel rich
These days, only 12% of Americans consider themselves wealthy, including just 33% of millionaires.23 hours ago -
MarketWatch - Business
Visa stock slips on reports that it faces Justice Department antitrust lawsuit
Visa Inc. stock fell 1.6% in after-hours trading Monday following reports that the payments giant faces an antitrust lawsuit from the U.S. Justice Department.Yesterday -
The New York Times - Tech
Will A.I. Be a Bust? A Wall Street Skeptic Rings the Alarm.
Jim Covello, Goldman Sachs’s head of stock research, warned that building too much of what the world doesn’t need “typically ends badly.”Yesterday -
The New York Times - Business
Women Entrepreneurs Are Hitting a Funding Wall
For women starting new businesses, early funding from venture capital firms led by other women is vital. But few are large enough to lead subsequent rounds of financing.Yesterday -
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CBS News - Top stories
Credit card debt forgiveness could make sense this October. Here's why.
The Fed cut rates last week, but it may not provide enough relief for those facing high-rate credit card debt.Yesterday -
MarketWatch - Business
Stocks are poised for first September gain in 5 years. Here’s why more good times could lie ahead.
September has historically been the worst month for U.S. stocks — but not this year.Yesterday -
MarketWatch - Business
Wall Street’s most cautious voice says defensive stocks are now too rich. What alternatives are left?
Morgan Stanley’s Mike Wilson has been one of the most cautious voices on Wall Street, but even caution can become too expensive. He says the firm is now neutral on defensives vs. cyclical stocks ...Yesterday -
MarketWatch - Business
Should Qualcomm take over Intel? Why Wall Street isn’t sold on a possible deal.
One analyst notes that Intel’s situation doesn’t seem dire enough for the company to settle for a “fire sale.” Plus, Qualcomm could see Intel’s foundry assets as a headache.Yesterday -
The New York Times - Sports
Why So Many European Soccer Players Are Heading to Brazil
It is an eye-catching trend whichever way you cut it, a columnist for The Athletic writes.2 days ago - Brazil -
CNBC - Business
Top Wall Street analysts find these stocks promising for the long haul
TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Netflix and Costco Wholesale2 days ago -
CNBC - Business
Intel's wild week leaves Wall Street more uncertain than ever about chipmaker's future
Intel still makes the majority of processors at the heart of PCs, laptops, and servers, but that's not enough to appease investors.3 days ago -
CBS News - Top stories
Why Deepak Chopra believes AI could be a "spiritual guide"
Deepak Chopra told "CBS Saturday Morning" that he wants to look at AI's positive impacts instead of "doomsday scenarios."3 days ago - Artificial Intelligence -
MarketWatch - Business
Why the S&P 500 could soar above 6,000 by year-end
A 1990s-like market boom is more likely after Fed rate cut, investment strategist Ed Yardeni says.3 days ago -
MarketWatch - Business
Why Fed bets were so out of whack: Waller explains what put him ‘over the edge’ for a jumbo rate cut
Inflation might actually fall too far, the Fed governor says, opening the door wider for more half-point interest-rate cuts.3 days ago - Federal Reserve -
Financial Times - World
FirstFT: Wall Street titan John Paulson defends Trump’s tariff talk
Also in today’s newsletter, S&P 500 hits record high and Amazon’s crackdown on remote work4 days ago -
Financial Times - Business
Why half of voters think Labour has done a poor job so far
Dodgy donations, infrastructure challenges and anticipation of October’s ‘painful’ Budget weigh on party’s approval ratings4 days ago -
CNBC - Business
Japan's Nikkei leads gains in Asia Pacific after Wall Street soars; BOJ and PBOC hold rates
Traders in Asia also look toward August consumer prices index from Japan and Hong Kong, and central bank decisions from Bank of Japan and People's Bank of China.4 days ago - Japan -
Yahoo Sports - Sports
Vintage Aaron Rodgers and dominant Jets show Patriots why patience with QB Drake Maye could be worth the wait
The lopsided win spoke volumes about what the Jets could become this season. And it also voiced a warning for the Patriots beyond just another loss.4 days ago - NFL