Visa Inc
Payments giants to use new code determining gross sales at U.S. gun retailers
Fireplace arms are witnessed at the Bobâs Very little Activity Gun Shop in the city of Glassboro, New Jersey, United States on May 26, 2022. Tayfun Coskun | Anadolu Company | Getty Photographs Visa, the world’s premier payments processor, said on Saturday it will carry out a new service provider classification code for U.S. gun […]
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Buy these cash kings for downside protection and flexibility in tough market, Morgan Stanley says
As Wall Street surveys for potential risks heading into September, some large-cap companies with strong balance sheets could offer investors both downside protection and even some growth, says Morgan Stanley. In the second quarter, certain companies in the Russell 1000 maintained healthy cash balances, even as they fortified their businesses by putting cash toward share […]
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Visa suspends card payments for ad purchases on PornHub and MindGeek amid controversy
Al Kelly Mark Neuling | CNBC Visa is suspending card payments for advertising on Pornhub and its parent company MindGeek after a lawsuit stoked the controversy that the payments giant could be facilitating child pornography. A federal judge in California on Friday denied Visa’s motion to dismiss a lawsuit by a woman who accuses the […]
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Bill Ackman blasts Visa, saying it has the power to pressure Pornhub to remove child pornography
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire hedge fund manager Bill Ackman is taking a vocal stance against Visa, saying the credit card giant has the power to pressure Pornhub to remove child pornography from its site. “My interest comes from the fact that I have four daughters,” […]
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Wall Street analysts back these ‘safe-haven’ consumer stocks to outperform — even if spending slows
The state of consumer spending in the U.S. is tricky to call right now . On the one hand, inflation is hitting some consumers hard. The University of Michigan Consumer Sentiment Index fell to an all-time low in June, although it slightly improved in July, data on Friday showed. The Bureau of Economic Analysis reported […]
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JPMorgan hires scientist Charles Lim to help protect financial system from quantum-supremacy threat
Dr. Charles Lim, Global Head of Quantum Communications and Cryptography, JP Morgan Chase Courtesy: JP Morgan Chase JPMorgan Chase has hired a Singapore-based quantum-computing expert to be the bank’s global head for quantum communications and cryptography, according to a memo obtained by CNBC. Charles Lim, an assistant professor at the National University of Singapore, will […]
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Consumer spending is slowing, but there are still pockets of strength in these three sectors
Despite new signs of slowing consumer demand, pockets of strength remain in travel, payments and autos. Hilton on Wednesday topped analysts’ second-quarter estimates and raised its full-year outlook, saying it remained optimistic there would be strong travel demand for the rest of the year. On Thursday morning, Southwest Airlines reinforced this view as it beat […]
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Stocks making the biggest moves after hours: Alphabet, Texas Instruments, Enphase and more
A Chipotle Mexican Grill sign is seen in the Park Slope neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty Images Check out the companies making headlines in after hours trading. Alphabet – Shares of Alphabet jumped nearly 3% even after the company reported quarterly earnings that fell short of […]
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These 10 stocks are expected to rally into the end of the year, Truist says
Truist came out with a spate of stock picks that could rally sharply in the back half of the year. A list of 65 high-conviction picks including Shake Shack and O’Reilly Automotive turned up after the firm searched for stocks that could post big gains heading into the year-end, even as they contend with greater […]
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Here are Friday’s biggest analyst calls of the day: McDonald’s, Netflix, Amazon, Nvidia, Visa & more
Here are Friday’s biggest calls on Wall Street: Edward Jones upgrades Qualcomm to buy from hold Edward Jones said it sees an “attractive” buying opportunity in Qualcomm. “We are upgrading Qualcomm to a Buy from a Hold because we believe the stock does not fully reflect our growth outlook.” Read more about this call here. […]
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