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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.
Visa Sued Over US Antitrust Violations in Debit Card Markets
The US Justice Department sued Visa Inc. Tuesday, alleging the global payments giant illegally monopolized the debit card market, in the Biden administration’s first major antitrust case in the financial services industry.
Visa faces US DOJ antitrust case on debit cards, Bloomberg News reports
The U.S. Department of Justice plans to allege that Visa illegally monopolized the country's debit card market, Bloomberg News reported on Monday. The antitrust division is set to file a lawsuit in federal court as early as Tuesday,
11h
on MSN
Stock market today: Wall Street drifts to more records after Chinese stocks soar
U.S. stocks drifted to more records in a quiet day of trading. The S&P 500 rose 0.3% Tuesday to set an all-time high for the ...
12h
Wall Street watchdog faces bipartisan ire in House over crypto
Lawmakers from both major parties in the House of Representatives on Tuesday renewed their attacks on Wall Street's chief ...
14h
on MSN
Wall Street divided over Celsius' next move
With its “Live Fit” tagline and compelling marketing campaign that says it can boost metabolism and help burn body fat, what ...
17h
Wall Street Drives Office Revival on Manhattan’s Ritziest Street
Financial services companies are office hunting on one of New York City’s fanciest addresses, Park Avenue, and the biggest ...
1d
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 ...
16h
Wall Street Lunch: China's Central Bank Goes Big
China’s central bank slashed its reserve requirement ratio to the lowest level since at least 2020 and cut its main ...
1d
Wall Street warms to nuclear power as banks including Goldman Sachs back drive to triple global output by 2050
More than a dozen big banks have announced their support for an effort aimed at tripling global nuclear energy production in ...
18h
Wall Street Weighs In On East Coast Port Strike Potential
A port strike on the East and Gulf Coasts on Oct. 1 might not last long, but it still could take weeks to recover from the ...
19h
BNY Plans Crypto ETF Custody as Wall Street Eyes Digital Asset Revenue
Bank of New York Mellon Corp. is moving closer to rolling out custody services for the Bitcoin and Ether held by ...
1d
Wall Street Lunch: Big Banks Go Nuclear
Fourteen of the world's biggest banks and financial institutions will pledge increased support for nuclear energy in a bid to ...
17h
1 Wall Street Analyst Thinks GE Aerospace Stock Is Going to $212. Is It a Buy?
In addition, Deutsche Bank analysts think GE will report earnings per share of $1.20 in the third quarter compared to the ...
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