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MasterCard Earnings Preview: U.S Economy Improves, FX Headwinds To Slow Growth

published about 1 hour ago
Holiday spending and continued improvement in the U.S. economy will positively drive growth for the fourth quarter. However, revenues earned from the international market may take a hit due the strengthening of the U.S. dollar. Overall, we expect MasterCard to report modest growth in the fourth quarter.

Optimism Among Individual Investors Rebounds

published about 2 hours ago
Optimism about the short-term direction of stock prices among individual investors is back above its historical average, according to the latest AAII Sentiment Survey. Neutral sentiment rose as well, while pessimism dropped.

Visa Rising After Beating On Earnings And Announcing 4-For-1 Stock Split

published about 2 hours ago
Visa Rising After Beating On Earnings And Announcing 4-For-1 Stock Split
Shares of the world's largest credit and debit card company are on the rise in Thursday's after-hours trading session: Visa released better-than-expected first quarter fiscal 2015 earnings results and said that its board of directors has approved a four-for-one stock split, and Wall Street appears to be cheering both pieces of news.

China to expand limited FTZ reforms nationwide

published about 3 hours ago
China to expand limited FTZ reforms nationwide
China will expand some reforms from its first free trade zone in Shanghai nationwide, it said Thursday, even as foreign firms show disappointment over the slow pace of change in the FTZ. The Chinese commercial hub set up the FTZ in September 2013, with the promise of a range of financial reforms, including full convertibility of the yuan currency and free interest rates -- which remain unfulfilled. The State Council, or cabinet, announced that 22 measures from the FTZ will ... more

Democrats set high bar for supporting Obama on trade

published about 3 hours ago
Democrats set high bar for supporting Obama on trade
By David Lawder and Richard Cowan PHILADELPHIA (Reuters) - Senior Democrats in the House of Representatives said on Thursday they would insist President Barack Obama provide hard evidence that proposed free trade deals will boost median U.S. incomes, laying out tough terms to support his trade agenda. The demands, made just hours before Obama arrives here to address a House Democratic retreat, are part of a renewed focus by the party on middle-class economic issues. Republicans have made free trade ... more