Visa (V) and Mastercard (MA) have reached a settlement that will lower merchant swipe fees for card transactions. The settlement resolves antitrust claims that businesses were paying unfairly high fees to these companies when consumers swiped their cards. Yahoo Finance's Molly Moorhead breaks down the details, analyzing what this may mean for cardholders moving forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Visa (V) and Mastercard (MA) have reached a settlement that will lower merchant swipe fees for card transactions. The settlement resolves antitrust claims that businesses were paying unfairly high fees to these companies when consumers swiped their cards.
Yahoo Finance's Molly Moorhead breaks down the details, analyzing what this may mean for cardholders moving forward.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith
Reuters
Hershey, Mondelez and other confection-makers are employing promotions and pitching more non-chocolate Easter treats like cookies 'n' cream bunnies at a time when soaring cocoa prices threaten their profits and shoppers balk at high prices. With shoppers' "impulse buys" of chocolate and candy at convenience stores and in grocery checkout lines down, according to industry data, special occasions like Easter and Halloween are increasingly important to the companies' sales. Cocoa prices have tripled over the past 12 months thanks to bean disease in West Africa, which continues to worsen, meaning companies are not expected to get relief anytime soon.
Bloomberg
(Bloomberg) -- Japan had its toughest warning yet for traders on its willingness to intervene in currency markets after the yen slid to its weakest level in about 34 years against the dollar.Most Read from BloombergBiden Gains Ground Against Trump in Six Key States, Poll ShowsTrump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleJapan Amps Up Intervention Threat as Yen Hits Lowest Since 1990Trump Vows to Pay Fraud Trial Bond Cut by 68% to $175 MillionUsing Your Premium
Reuters
NEW YORK (Reuters) -U.S. automakers General Motors and Ford will reroute affected shipments after a bridge collapse in the U.S. shuttered the Port of Baltimore, but the companies said on Tuesday the impact will be minimal. The Port of Baltimore is the busiest U.S. port for car shipments, handling at least 750,000 vehicles in 2023, according to data from the Maryland Port Administration.
Benzinga
With home affordability near its lowest level in over 40 years because of high mortgage rates and home prices, being able to purchase a home for $1 might seem impossible. However, the city of Baltimore is offering a deal intended to attract new homebuyers. It's practically giving away houses. An estimated 13,000 homes in Baltimore are vacant with the city owning about 1,000 of them. Don't Miss: Investing in real estate just got a whole lot simpler. This Jeff Bezos-backed startup will allow you t
Bloomberg
(Bloomberg) -- Cocoa futures surged above an unprecedented $10,000 a metric ton on Tuesday before erasing gains and taking a breather from a historic rally that has seen prices of the key chocolate ingredient double this year.Most Read from BloombergTrump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleBiden Gains Ground Against Trump in Six Key States, Poll ShowsTrump Vows to Pay Fraud Trial Bond Cut by 68% to $175 MillionVital Baltimore Bridge Collapses After Being S
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