US 10-Year Yield Extends Gain, 4.91%
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- Wall St dips after AI-led selloff; SpaceX worries hit telecoms
- Meta's capital-raising plans expose a major weakness in the AI boom
- Brent crude hits more than five-month high on Houthi-Saudi attacks, UAE oil spill
- BofA flags further downside risk for stocks, yields and dollar
- SpaceX cell-site ambitions lift tower stocks and weigh on carriers
- AMD shares fall amid AI chip sector selloff
- JetBlue shares fall amid American results, fuel cost concerns
- Bloom Energy Corp. (BE) Tops Q3 EPS by 25c, Beats on Revenue; Offers FY26 Guidance
- S&P 500, Nasdaq end sharply lower as revived AI doubts ignite tech selloff
- Nokia shares fall despite earnings beat on cash flow concerns
Federal Reserve to propose slashing debit card swipe fees - WSJ
October 25, 2023 1:23 PM EDTThe Wall Street Journal reported Wednesday that the Federal Reserve is set to suggest lowering the fees that merchants pay to banks when consumers use debit cards.
The publication said the Fed is proposing the fees be reduced by about 30%. Merchants currently pay large card issuers such as Bank of America and JPMorgan Chase 21 cents plus 0.05% of the transaction amount. This level was... More



