Visa stock plunges 5% as feds sue over alleged debit card monopoly
Over 60% of the more than $4 trillion in debit transactions that take place in the U.S. every year are routed to Visa’s electronic payments network, Attorney General Merrick B.…
NY Fed’s Perli: Markets were prepared to view last week’s rate cut properly
By Michael S. Derby NEW YORK (Reuters) – The central bank official responsible for implementing monetary policy at the New York Federal Reserve said on Tuesday financial markets were prepared…
Psilocybin More Effective In Treating Depression Than SSRIs, Study Finds
A new study compares psilocybin — the active compound in magic mushrooms, with a common antidepressant medication. During 6 months of follow up, both drugs effectively improved depressive symptoms. Psilocybin,…
How ‘Parks and Recreation’ Star Retta Learned to Manage Glucose Health After Diabetes Diagnosis
Actor Retta shares her personal journey with type 2 diabetes and learning about glucose health. She is spreading awareness for National Glucose Awareness Week, which will take place from September…
Temporary Injunctive Relief for Nondebtors in Bankruptcy Court Post-Purdue Pharma
In June, in Harrington v. Purdue Pharma L.P., 144 S. Ct. 2071 (2024), the Supreme Court held that the Bankruptcy Code does not, as part of a bankruptcy plan, allow nondebtors to…
OPEC Doubles Down on Forecast for Unfettered Oil Demand Growth
(Bloomberg) — OPEC doubled down on forecasts that global oil demand will keep growing to the middle of the century, an outlier view that scientists say would lead to climate…
OPEC rolls out global oil outlook to 2050, sees no peak demand
By Alex Lawler LONDON (Reuters) -OPEC raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing growth led by India, Africa and…
Dow Jones Today: Stocks Mixed After Weak Consumer Confidence Report
Visa Drops After Reports DOJ is Preparing Antitrust Suit 42 minutes ago Visa (V) shares dropped in early trading following reports that the payment processing giant is likely to be sued by…
Mexico’s Inflation Slows More Than Expected Before Banxico Vote
(Bloomberg) — Mexico’s headline inflation slowed more than expected in early September, likely giving Banco de Mexico room to cut borrowing costs for a second straight month at Thursday’s interest…
Mexico’s annual inflation undershoots forecasts ahead of rate decision
(Reuters) – Mexico's annual inflation slowed more than expected in the first half of September, official data showed on Wednesday, paving the way for the country's central bank to deliver…