The fight more than a monthly bill focusing on credit card charges pits payment companies towards merchants

Vital Points

A bipartisan drive in Washington to clamp down on credit rating card charges is pitting stores like Walmart towards network payment processors these kinds of as Visa.
Bipartisan assist for the Credit score Card Levels of competition Act has surged given that it was released past year.
“It can be time to inject true competitiveness into the credit score card community market place, which is dominated by the Visa-Mastercard duopoly,” Sen. Dick Durbin, D-Unwell., said.

Supply

Finance

Why Trump is going after institutional homebuyers: They dominate markets like Atlanta, Jacksonville

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Key Points Institutional investors only own roughly 2% of the nation’s single-family rental housing stock, but their presence is far more concentrated in parts of the Southeast. Large investors control about a quarter of Atlanta’s single-family rental market, more than a fifth of Jacksonville’s and sizable shares in Charlotte and Tampa. Source

Finance

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Check out the companies making the biggest moves in premarket trading: Defense stocks — Defense stocks jumped after President Donald Trump called for a defense budget of $1.5 trillion in 2027, saying in a Truth Social post he wanted to build a “Dream Military.” Lockheed Martin and L3Harris Technologies rallied 8%, while Northrop Grumman soared […]

Finance

JPMorgan reaches deal to become Apple credit card issuer, source says

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In this article JPM GS Follow your favorite stocksCREATE FREE ACCOUNT Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the 2025 IIF annual membership meeting in Washington, DC, US, on Thursday, Oct. 16, 2025. Samuel Corum | Bloomberg | Getty Images JPMorgan Chase has reached a deal to become the new Apple […]