Visa Inc. (0QZ0.IL)
- Reuters
Exclusive-Visa complains to U.S. govt about India backing for local rival RuPay
Visa Inc has complained to the U.S. government that India's "informal and formal" promotion of domestic payments rival RuPay hurts the U.S. giant in a key market, memos seen by Reuters show. In public Visa has downplayed concerns about the rise of RuPay, which has been supported by public lobbying from Prime Minister Narendra Modi that has included likening the use of local cards to national service. But U.S. government memos show Visa raised concerns about a "level playing field" in India during an Aug. 9 meeting between U.S. Trade Representative (USTR) Katherine Tai and company executives, including CEO Alfred Kelly.
- Motley Fool
Why Visa and Mastercard Stocks Dropped Today
News of a new coronavirus variant in South Africa sent stock markets reeling on Friday, with the S&P 500 falling 2% through 12:22 p.m. ET and the Dow tumbling 2.5%. Visa shares are currently down 2.7%, and Mastercard is down 4.7%.
- MoneyWise
Warren Buffett recently sold these top dividend stocks, but he could be dead wrong about them — here's why they're still worth buying
Buffett is taking profits off the table. It might be time to do the opposite.
