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Kroger considering ban on Visa credit cards

Kroger considering ban on Visa credit cards

American retail company Kroger Co. (NYSE: KR) is considering expanding its ban on Visa credit cards imposed by one of its subsidiaries, preparing to fight back against the over USD 90 Billion annual swipe fee payment.The Company stated that its Food..

Global Times: U.S. Soybeans Traded to China Should be Restricted

Global Times: U.S. Soybeans Traded to China Should be Restricted

According to the state-owned Chinese tabloid, Global Times, U.S. subsidies for its soybean farmers have given them an unfair competitive advantage in selling to China, and strong restrictive measures need to be taken to prevent dumping.Comments from..

Drop in Equity Prices Causes Confusion Among Investors

Drop in Equity Prices Causes Confusion Among Investors

Investors are scrambling for some clarity as the stock market shows signs of a rout due to economic indicators of inflation in the United States. This is quite evident from the fact that the Wall Street closed the previous week with what seems to be..

PayPal Reported Second-Quarter Earnings

PayPal Reported Second-Quarter Earnings

PayPal Holdings Inc. (NASDAQ: PYPL) released Q2 earnings yesterday, prompting a further increased valuation in their guidance for FY2017.The stock opened at $61 today, up from yesterday’s $58.8 close, but has since dropped to $58.4. The compan..

Visa Beats Q3 Estimates

Visa Beats Q3 Estimates

Payment processing giant Visa Inc. (NYSE: V) said its fiscal third-quarter profit rose sharply from a year earlier, following its purchase of Visa Europe.The San Francisco-based company earned $2.06 billion in the period ending June 30, or 87 cents ..

U.K. Bans Credit Card Surcharges

U.K. Bans Credit Card Surcharges

On Wednesday, the U.K.’s Treasury Ministry announced that British retailers will be forbidden from forcing customers to pay surcharges when they pay for a transaction using a credit card. British consumers tend to face up to 20 percent of surc..