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NEW YORK STOCK EXCHANGE, INC. · Financial Services
Mastercard Inc
$568.26
+0.61 (+0.11%)
MA News30 articles
Australia Ends Card Surcharges October 1: What Shoppers Still Pay
Australia eliminates separate card surcharges on October 1, but merchants can still absorb processing costs into higher prices, leaving the real savings uncertain.
SoFi Shares Jump 4.7% as Mastercard Program Goes Live on Blockchain
SoFi shares gained 4.7% after its full Mastercard card program transitioned to blockchain-based settlement using SoFiUSD, processing over $25B annually. Revenue impact remains undisclosed.
Wallets Gain Ground in Travel Payments, Yet Cards Remain Dominant
Digital wallets are rising in travel payments, but cards still dominate. IATA's 2025 survey shows 28% prefer wallets, up from 20%, while cards hold 72%.
Visa Stock Nears Record as Services Revenue Jumps 33%
Visa shares climbed for a fourth session, closing within 0.78% of record highs, driven by a 33% jump in value-added services revenue.
Global Markets Wary as Iran Tensions Persist; European Stocks Flat
European shares were little changed on Friday as investors remained cautious over unresolved U.S.-Iran tensions, while Salesforce rallied on a bullish JPMorgan note and GB Group tumbled on a revenue warning.
Visa Trims 2,600 Jobs, Records $563M Severance Charge
Visa plans to eliminate 2,600 positions, mostly in tech and product roles, after taking a $563 million severance charge. Revenue growth remains strong at 14%.
Visa Shares Edge Lower Despite Earnings Beat as Cross-Border Revenue Growth Lags
Visa's Q3 earnings beat estimates, but shares fell premarket as international transaction revenue growth lagged cross-border volume, raising concerns about revenue conversion.
Visa Shares Gain After Announcing 2,600 Job Cuts, Exceeding 2025 Hiring
Visa shares rose 1.8% after the company announced plans to cut 2,600 jobs, surpassing its net hiring in fiscal 2025, as part of an efficiency drive.
AmEx Shares Drop 4.3% as Expense Growth Eats Into Revenue Gains
AmEx shares fell 4.3% as Q2 revenue rose 10% but expenses climbed 12%, eating up 89% of the gain. The company raised its 2026 revenue outlook but kept EPS guidance steady.
Circle Stock Slides 12% on Short Week as Open USD Threat Looms
Circle (CRCL) shares fell 12.2% during a shortened trading week, as the launch of Open USD raised concerns over reserve-yield revenue. Volume spiked on June 30, indicating large repositioning.
July Social Security Calendar Creates $11.5 Billion SSI Timing Shift
July's six deposit dates pull August SSI cash forward, affecting daily spending and bank balances without changing total benefit income.
Circle Shares Tumble 15% as Open USD Stablecoin Threatens Revenue Model
Circle shares dropped 15% after Open Standard announced Open USD, a stablecoin with free minting and shared reserve earnings, challenging Circle's revenue model.
Fifth Third Gains $3.6B Deposit Base as Social Security Ends Paper Checks
Fifth Third Bancorp takes over the Direct Express program, adding $3.6 billion in low-cost deposits from Social Security recipients, as paper checks are phased out.
PayPal Gains Amid Strategic Overhaul and Venmo Growth
PayPal (PYPL) shares edged higher in a shortened trading week, buoyed by cost-cutting measures and Venmo's strong payment volume growth, though concerns over branded checkout persist.
Visa, Mastercard Secure Preliminary Approval for $38B Fee Settlement
A Brooklyn judge gave preliminary approval to Visa and Mastercard's $38 billion swipe-fee settlement, capping consumer-card rates at 1.25% for eight years.
Visa Edges Higher Friday, Focus Turns to Inflation Data Next Week
Visa shares rebounded Friday, gaining 1.06% to $323.57, as investors weighed a stablecoin settlement test against a weekly loss and looked ahead to key inflation data.
Mastercard Shares Slide on Leadership Reshuffle, Stablecoin Expansion
Mastercard shares fell 2.4% to $466.41 after announcing a senior leadership shakeup and new stablecoin settlement options, with trading volume above average.
SoFiUSD Stablecoin Launch Drives Premarket Stock Surge
SoFi shares rose 4.9% premarket after launching SoFiUSD, a stablecoin available to 15 million members via its banking app.
Berkshire's First Filing Under Greg Abel Reveals Major Portfolio Reshuffling
Berkshire Hathaway's first 13F filing under CEO Greg Abel reveals a substantial increase in Alphabet holdings, a new Delta Air Lines stake, and exits from several major names.
Visa Steady Ahead of Key Data and CEO Remarks This Week
Visa shares closed at $328.88 before Memorial Day. This week brings consumer confidence data, PCE inflation figures, and CEO Ryan McInerney's appearance at a Bernstein conference.
Berkshire's New CEO Makes First Major Portfolio Shift: Adds Delta, Boosts Alphabet, Exits UnitedHealth
In his first major portfolio move as CEO, Greg Abel added Delta Air Lines and boosted Alphabet, while cutting UnitedHealth, Amazon, Visa, and Mastercard.
UnitedHealth Drops Premarket After Berkshire Exits Stake
UnitedHealth shares dropped 4.8% in premarket trading after Berkshire Hathaway disclosed it sold its stake in the insurer, dampening sentiment despite strong Q1 results.
Berkshire Hathaway Faces Key Monday Test After Abel's $24 Billion Portfolio Overhaul
Berkshire Hathaway faces a key test Monday after Greg Abel's first major portfolio shakeup, adding Delta Air Lines and Alphabet while exiting Amazon, Visa, and Mastercard.
Wall Street Slumps as Oil Surge, Yields Jolt AI Rally
U.S. stocks fell more than 1% Friday as oil surged and Treasury yields climbed, pressuring AI stocks and raising Fed rate hike concerns.
Berkshire Hathaway Reveals $55M Stake in Macy's, Shares Surge
Berkshire Hathaway's $55 million stake in Macy's sent shares up 5.9% in after-hours trading. The retailer declared a quarterly dividend and faces tariff headwinds.
PayPal Stock Flat as Truist Cuts Target, Flags Margin Pressure
PayPal shares remain near $45 after Truist lowered its target to $44, citing higher rewards costs and sluggish international payment volume. Q1 TPV grew 11% but Q2 guidance points to margin pressure.
XRP at Crossroads as Senate Bill Looms and Network Activity Drops
XRP hovers near $1.42 as a key Senate bill on digital assets moves forward, but new address creation has plunged 85% since December 2024.
Mastercard Beats Q1 Estimates but April Cross-Border Weakness Weighs on Stock
Mastercard beat Q1 earnings and revenue estimates, but a slowdown in April cross-border volume growth triggered a 2.7% stock decline.
Mastercard Shares Surge Ahead of Earnings Following Visa's Strong Results
Mastercard shares jumped 3.8% to $526.90 as investors cheered Visa's earnings beat and raised outlook, setting the stage for Mastercard's own Q1 report on Thursday.
Nasdaq Slides on AI Jitters; Visa, Starbucks Rally in After-Hours Trading
U.S. stocks fell Tuesday, with the Nasdaq down 0.9% as AI and chip shares sold off. In after-hours trading, Visa and Starbucks rallied on strong earnings, while oil prices climbed above $100.