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

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

Stocks making the biggest moves midday: Zillow, KLA, iRobot, Immunome & more
Finance

Stocks making the biggest moves midday: Zillow, KLA, iRobot, Immunome & more

Check out the companies making the biggest moves midday: KLA Corp. — The semiconductor equipment maker jumped 4%, nearing a 52-week high, after Jefferies raised its 12-month price target to $1,500 from $1,200, saying “AI continues to drive spend with [wafer fab equipment] accelerating into C26/C27,” and citing KLA’s “outsized exposure to the Leading Edge.” […]

Read More
Hassett’s Fed chair candidacy received pushback from high-level people close to Trump, sources say
Finance

Hassett’s Fed chair candidacy received pushback from high-level people close to Trump, sources say

watch now VIDEO5:4705:47 The race for the next Fed chair: Here’s the latest Squawk Box Kevin Hassett’s candidacy for the Federal Reserve chair, once seen by the market as almost a sure thing, has received some pushback by high-level people who have the ear of President Donald Trump, according to sources familiar with the matter. […]

Read More
Stocks making the biggest moves premarket: iRobot, Las Vegas Sands, Tilray & more
Finance

Stocks making the biggest moves premarket: iRobot, Las Vegas Sands, Tilray & more

Check out the companies making headlines before the bell. Tilray — The cannabis stock jumped about 3%, building on last week’s rally sparked by news that President Donald Trump would instruct federal agencies to give the drug a less-stringent Schedule III classification from its current Schedule I designation. Dollar General — Shares rose 3% after […]

Read More