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.

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Finance

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Check out the companies making headlines in midday trading. Nvidia — Shares of the chipmaker dipped about 1% in midday trading, after gyrating earlier in the session. Nvidia beat on top and bottom lines for the third quarter, posting adjusted earnings of 81 cents per share on revenue of $35.08 billion. Analysts polled by LSEG […]

Finance

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Finance

Baidu posts 3% drop in third-quarter revenues, beating market expectations

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Key Points Chinese tech company Baidu on Thursday reported better-than-expected revenue and profit for the third quarter. Baidu noted a 12% surge in its non-online marketing revenue to the equivalent of $1.1 billion, mainly driven by its artificial intelligence cloud business. Source