The U.S. Department of Justice (DOJ) plans to file an antitrust lawsuit against VISA.The legal action, which will sue the payment technology company in federal court, is expected to start as soon as Tuesday. Antitrust regulators are poised to accuse $Visa(V)$ of engaging in behavior that prevents competitors from entering the debit card market.This includes entering into exclusivity contracts that impede the development of rival payment networks and preventing tech companies from entering the market, according to the report.What does the DOJ charge?The DOJ's statement says: We allege that VISA has illegally amassed power to charge fees far in excess of what it might charge in a competitive market.Raising transaction fees through monopolization.VISA p
More 50bps! Which "Rate-Cut" Assets Will You Invest In?
Minneapolis Fed President Neel Kashkari commented to the media that he agrees a 50-basis-point rate cut is appropriate, although he could also support a 25-basis-point cut. Kashkari believes that it may be necessary to cut rates by another two 25-basis points by the end of the year. With the 50bps rate cut confirmed, can TLT start a new uptrend? Additionally, the rate cut might benefit small and mid-cap growth stocks. Will you choose IWM or ARKK?
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