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30Oct

By CNBC29 Comments

News & Events

How Mastercard Plans To Beat Visa

Mastercard is the second largest card community within the U.S., accounting for greater than 1 / 4 of all buy quantity utilizing a fee card. Because the world transitions to a extra cashless society, Mastercard’s worth has continued to soar. Shares of the corporate have seen practically 100% acquire over the previous 5 years, outperforming American Categorical, Uncover and even Visa. So how is Mastercard in a position to generate a lot income and the way does it set itself other than the remainder of its rivals? Chapters: 00:00 — Chilly Open 01:29 — Enterprise mannequin 03:48 — Income & competitors 08:16 — Future Produced & Edited by: Juhohn Lee Animation: Alex Wooden & Jason Reginato Supervising Producer: Lindsey Jacobson Further Footage: Getty Photographs, Mastercard » Subscribe to C...

Why the Justice Department says Visa has monopoly over debit playing cards

The Justice Department sued Visa on Tuesday, accusing the bank card enterprise of reaping massive earnings by shutting out rival fee processors and passing on prices to shoppers. CBS Information authorized contributor Jessica Levinson joins to unpack the antitrust allegations and what they might imply for the credit score large. CBS Information 24/7 is the premier anchored streaming information service from CBS Information and Stations that's obtainable free to everybody with entry to the web and is the vacation spot for breaking information, reside occasions, authentic reporting and storytelling, and packages from CBS Information and Stations' high anchors and correspondents working regionally, nationally and across the globe. It's obtainable on greater than 30 platforms throughout cellu...

Latest: Stock market today: Wall Street holds near record levels, with S&P 500 on precipice of 5,000

NEW YORK -- U.S. stocks are holding near record levels Thursday as evidence keeps piling up to show the job market remains remarkably solid.The S&P 500 was virtually unchanged in early trading, a day after coming within a fraction of a point of the 5,000 level for the first time. The Dow Jones Industrial Average was up 24 points, or 0.1%, as of 9:40 a.m. Eastern time, and the Nasdaq composite was flat.The U.S. economy has blown past earlier expectations for a recession, and the latest show of strength came from a report indicating fewer workers applied for unemployment benefits last week than expected. The number remains low relative to history, even if layoffs at Google’s parent company, Macy’s and other big-name companies have been getting attention recently.In prior months, such a r...