Americans love to “charge it”. This is why the darlings of plastic American Express Company (NYSE:AXP), Visa Inc. (NYSE:V), MasterCard Incorporated (NYSE:MA) have made solid investments in the past. In the U.S. credit…
Douglas A. McIntyre The US Treasury Department will be sending out 600,000 invitations to taxpayers who are unlikely to have a bank account offering them an opportunity to receive their tax refunds through a prepaid…
These are some of this Friday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Amgen Inc. (NASDAQ: AMGN) Raised to Outperform at Leerink Swann. AON Corporation (NYSE: AON)…
You most likely saw the carnage that came to MasterCard Incorporated (NYSE: MA) and Visa, Inc. (NYSE: V) today. The markets were braced for more changes coming to the interchange fees, also…
Credit card clearing and processing giants Mastercard Incorporated (NYSE: MA) and Visa, Inc. (NYSE: V) are getting hammered on strong volume today. The culprit is probably easy to guess… interchange fees. Today’s…
Seventeen billionaires including Facebook co-founders Mark Zuckerberg and Dustin Moskovitz have agreed to pledge most of their money to charity. (www.thegivingpledge.org) (Reuters) WikiLeaks supporters shut down the MasterCard (NYSE: MA) and Visa (NYSE V)…
Mortgage investors have begun to pressure banks to buy back bad loans. (Reuters) China may use its rare earth stocks to help it move ahead with alternative energy. (Reuters) Bank of Japan…
Visa Inc. (NYSE: V) just joined the ranks of companies hiking their annualized dividend payments. This is the second annual hike in a row. The increase was bumped up by 20% to…
Credit metrics are still continuing to show modest improvements across the land, yet recent government action via a Department of Justice antitrust suit has put the hit on shares of American Express…
Reuters: The American Sociology Review said a group of mortgages aimed at racially segregated neighborhoods helped cause the mortgage crisis. Reuters: Sanofi-Aventis made an $18.5 billion offer for Genzyme (NASDAQ: GENZ). Reuters: …
Government statistics have shown that for several months American have cut back on the use of credit. The news would seem to be bad for credit card companies, but there has not…
Americans are still shrinking their credit according to the latest data from the Federal Reserve. July marked a sixth consecutive drop and the seasonally adjusted rate of credit contraction came to down…
Credit research company TransUnion said that credit card debt hit an eight-year low in the second quarter of 2010. It is likely to go lower. The average combined debt of those individuals …
Updated throughout the day. AT&T (NYSE: T), Verizon Wireless, T-Mobile, and Barclays will compete with Visa (NYSE: V) and MasterCard (NYSE: MA) in the online payment business. (WSJ) David Wehner has become…
Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
