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Visa Profit Climbs 17% as Consumer Credit-Card Spending Grows - Vimarsana News

Visa Profit Climbs 17% as Consumer Credit-Card Spending Grows

(Bloomberg) -- Visa Inc. reported a quarterly profit that beat Wall Street predictions as US credit-card spending climbed.Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapBillionaire Pinaults Fight to Pull Gucci Off the Discount RackRay Dalio’s Famous Trade Is Sputtering, Investors BailingAdjusted net income for the fiscal second quarter rose

Source: yahoo.com
Shareholder Meetings in Focus as Earnings Season Begins - Vimarsana News

Shareholder Meetings in Focus as Earnings Season Begins

From vehicles to chips to banks to chocolate, a variety of industries could see volatility as shareholder meeting season kicks into high gear

Source: yahoo.com
Republican business group launches ad blitz against credit card reform bill - Vimarsana News

Republican business group launches ad blitz against credit card reform bill

A new business group led by Republican heavyweights will launch its first seven-figure ad campaign this week. The target: legislation taking aim at a key source of revenue for Visa and Mastercard.

Banks' bet on subprime consumers sends credit card balances to a record - Vimarsana News

Banks' bet on subprime consumers sends credit card balances to a record

U.S. credit card balances surged to a record in the third quarter as banks bet that consumers with less-than-stellar credit will be able to handle more debt. 

Fed's latest rate hike to cost credit card holders $5.1 billion: WalletHub - Vimarsana News

Fed's latest rate hike to cost credit card holders $5.1 billion: WalletHub

The Federal Reserve's latest rate hike will cost Americans with outstanding credit card debt more than $5 billion in additional interest over the next 12 months, according to an estimate from the personal-finance site WalletHub.