Economy

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

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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 … Read more

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

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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 … Read more