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Search resuls for: "David Morris"


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Markets started were revived last week as the April jobs report renewed hopes of rate cuts. Investors will tune in to Fed speakers this week for further clues about Fed policy. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Morning gains stretched the stock rally into its fourth day, a move up first sparked by Friday's jobs report. A lineup of Fed speakers this week could potentially deepen this notion or, otherwise signal that markets are turning too optimistic.
Persons: Stocks, , David Morrison, Neel Kashkari, Lisa Cook, Austan Goolsbee Organizations: Service, Federal Reserve, Trade Nation, Fed, Minneapolis, Chicago
In today's big story, we're examining how a change in credit cards' behind-the-scenes fees impacts you… and your points . Under the settlement, merchants could charge customers more for using different cards despite being part of the same Visa or Mastercard network. AdvertisementTim Boyle/Getty Images; Jenny Chang-Rodriguez/BIThe agreement could ultimately reshape how consumers pay for things. AdvertisementPerhaps that's why one analyst told Business Insider's Alex Bitter he doesn't expect major retailers to pass swipe fees along to customers. But maybe, not unlike the fees the agreement targets, what seems small could eventually add up to something big.
Persons: , Jenny Chang, Rodriguez, Insider's Grace Eliza Goodwin, Tim Boyle, David Morris, Alex Bitter, LUDOVIC MARIN, BlackRock's Larry Fink, Jeremy Grantham, Ian Shepherdson, That'll, We've, Meta, Mark Zuckerberg, Facebook execs, Francis Key Scott, Hunter Biden, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Nickelodeon, Business, Mastercard, Visa, Getty, Fed, Amazon, BI Locations: Europe, LUDOVIC, Baltimore, Port, New York, London
Visa and Mastercard settled a dispute with US retailers over credit-card swipe fees. AdvertisementOne of the great American pastimes — using your credit card to accumulate points — could be about to change. On Tuesday, Visa and Mastercard settled with US retailers over a longstanding dispute tied to credit-card swipe fees. But the points game can be one of fine margins, and a change to interchange fees could have ripple effects for rewards programs. Don't be surprised if it starts taking a lot longer to rack up the points required for your next getaway.
Persons: Banks, , they'd, David Morris, Morris, David Silverman Organizations: Visa, Mastercard, Service, JPMorgan Chase, Bank of America, Bloomberg, Chase, National Retail Federation, Retail Industry, Association, Credit, Fitch Locations: bodega, It's, eMarketer
US stocks rose on Monday as investors looked ahead at the Fed's next rate move. Investors are pricing in a nearly 30% chance the Fed could cut rates by March. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks rose on Monday as investors assessed the outlook for interest rates into 2024, kicking off the short trading week on a positive note. Traders have raised their expectations for the Fed to cut rates sometime early next year, thanks to inflation running at a below-expected 3.2% yearly pace in October.
Persons: , David Morrison Organizations: Traders, Nvidia, Service, Fed, FCA, Here's, Dow Jones, Nasdaq
But the cost of crude oil has been largely declining since the middle of October. The average for a gallon of gas in the United States, meanwhile, dropped to $3.37, according to AAA. This “steady, if slow” decline in gas prices, said an AAA spokesperson, may soon gain speed if oil prices continue their descent. They’re more concerned with economic weakness in China and an increase in oil production in the United States. In the first week of November, US crude oil production reached a new record of 13.2 million barrels per day.
Persons: ” David Kelly, , ” David Morrison, refiners, ” Craig Erlam, Brent, Chris Isidore, , Ted Decker, Refinitiv, Read, Homebuyers Organizations: CNN Business, Bell, New York CNN, AAA, Asset Management, Federal Reserve, Trade, China’s National Bureau of Statistics, . West Texas Intermediate, International Energy Agency, Revenue, National Association of Realtors, Census Locations: New York, Europe, Saudi Arabia, Russia, United States, China, Iran, America, United
The S&P 500 wobbled through the day but managed to hold on to its longest winning streak in nearly two years. The index closed the day up 0.1%, marking its eighth day of consecutive gains. The market’s mixed messages come as a slew of Federal Reserve policymakers spoke this week. Third-quarter earnings season is beginning to wind down, with 88% of S&P 500 companies having reported already. Video game developer Roblox saw its shares pop 11.8% after the company announced a strong earnings report with more in-game sales.
Persons: Dow, Jerome Powell, , David Morrison, Rivian, WBD, Robinhood, Roblox, Walt Disney Organizations: New, New York CNN, Nasdaq, Fed, Treasury, International Monetary Fund, “ Traders, Trade Nation . Energy, Warner Bros, CNN, AMC Locations: New York, Washington ,, Europe, China
Cocoa and orange juice futures have hit multi-decade highs as climate change and harsh weather takes their toll on crops in warmer climates. Here’s the latest in the commodities market:Orange juiceOrange juice futures have soared to their highest levels since the commodity began trading in 1966. The January contract for frozen concentrated orange juice is currently sitting around $3.95, up nearly 94% so far this year. The rally has led to a rise in speculative betting, leading some analysts to call orange juice futures the new GameStop. But “the eventual crash in the price of orange juice will be one for the record books,” he quipped.
Persons: Nicole, it’s, they’re, , Dave Reiter, It’s, Brent, David Morrison, stoking, That’s, WeWork, Nathaniel Meyersohn, Ermengarde Jabir, Alicia Wallace, , Ted Rossman Organizations: CNN Business, Bell, New York CNN, OJ, Sunshine State, Futures, GameStop, Reiter Capital Investments, Cocoa, West Texas Intermediate, “ Traders, Trade Nation . Energy, Wheat, Organisation for Economic Co, Federal Reserve Bank of New, New York Fed Locations: New York, Ukraine, Orange, US, Brazil, Mexico, Florida, Ghana, Ivory Coast, Ivory, Chicago, Southeast Asia, Europe, China, Russia, America, United States
Listen to the full Behind The Numbers: The Banking & Payments Show episode here. With Kroger caving to accept Apple Pay, Rob and David discussed Walmart and if/when they will fall. Apart from its history, Walmart has ramped up its own Fintech operations which include neobanking aspirations and Walmart Pay. Want to learn more about the domination of Apple Pay and Gen Z's impact? Listen to the full Behind The Numbers: The Banking & Payments Show episode here.
Persons: Rob Rubin, David Morris, Rob, David, Gen, Apple, Zer's Organizations: Intelligence, Apple, Kroger, Walmart, Google, PayPal, Apple Pay Locations: EU
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