Gross dollar volume, the value of all transactions processed on Mastercard's platform, rose 10% to $2.3 trillion. Cross-border volume, which tracks spending on cards outside of the country of their issue, rose 18%. The payments technology industry is gearing up for a seismic shift following Capital One's $35.3 billion deal to acquire Discover Financial.
U.S. Treasury yields fell on Friday as investors digested Thursday’s gross domestic product report and the PCE data.
Today, the Commerce Department released a snapshot of its growth report for the first quarter. The country’s gross domestic product (GDP) grew by just 1.6 percent, its slowest pace in nearly two years. Further, inflation rates have also risen dramatically. Many economists are describing this as “the worst of both worlds.” Economists polled by Reuters […]
A resilient consumer isn’t likely to turn into a wrecking ball for the U.S. economy, according to Peter Van Gelderen at TCW.
The Scotiabank analysis says if Trump follows through on threats of tariffs on all imported goods, there would be "substantial negative impacts" on the Canadian and U.S. economies.
WEIRTON, W.Va. (WTRF) -- In December, the Pittsburgh-based steel company U.S. Steel agreed to sell the company to Japan’s largest steel manufacturer, Nippon Steel. Now, two U.S. Senators are calling on President Biden to look deeper into this sale and the effects it could have on the country. Just months after U.S. Steel agreed to []
By: Micaela Burrow, Daily Caller News Foundation Engineering sites where U.S. military personnel will soon begin constructing a humanitarian pier reportedly came under attack, the Israeli military and United Nations (U.N.) officials said Thursday, according to media reports. “Various terrorist organizations” lobbed mortar rounds at efforts on the location laying the groundwork for the pier
By: Jake Smith, Daily Caller News Foundation There is near-total uncertainty surrounding the status of the remaining hostages held by Hamas in Gaza, U.S. and Israeli officials anonymously told NBC News. Hamas took over 250 men, women and children as hostages during its attacks against Israel on Oct. 7 that left roughly 1,200 people dead.
"Higher rates are intended to cool consumer demand; the trouble for the Fed is: it's not working."
"Whether we like it or not, services such as retail, care work, and other personal services will remain the primary engine of job creation."
Treasury's Office of Foreign Assets Control targeted 16 people and two entities in Iran that produce engines that power the drones used in the April 13 attack on Israel.
The Biden administration is contemplating sanctions for alleged “human rights violations” against not one but several Israeli military and police units, two U.S. sources told The Times of Israel. The news comes as reports indicate that Secretary of State Antony Blinken is considering enforcing the Leahey Amendment against the IDF’s Netzah Yehuda Battalion, an infantry