Monday , May 6 2024

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Visa revenue growth slows more as tough economy sobers spending

Visa revenue growth slows more as tough economy sobers spending

Visa Inc’s revenue growth continued to wind back to pre-pandemic levels in the first quarter as the post-lockdown travel craze ebbed and consumer spending slowed in a tough economy. The world’s largest payments processor still surpassed Wall Street targets for profit, sending its shares up 1.4% to $227.82 in after-hours …

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US economy posts strong growth in Q4, but with underlying weakness

US economy posts strong growth in Q4, but with underlying weakness

The U.S. economy grew faster than expected in the fourth quarter, but that likely exaggerates the nation’s health as a measure of domestic demand rose at its slowest pace in 2-1/2 years, reflecting the impact of higher borrowing costs. The Commerce Department’s advance fourth-quarter gross domestic product report on Thursday …

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Gold prices to rise by 3% after holidays: insiders

Gold prices to rise by 3% after holidays: insiders

Industry insiders forecast gold prices to rise by 3% to VND70 million (US$2,980.6) per tael to catch up with global rates, which surged during Tet when Vietnamese markets closed. The state-owned Saigon Jewelry Company sold its SJC gold at VND68.2 million per tael of 37.5 grams or 1.2 ounces on …

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