Business & Finance

Coronavirus delays Visa interchange fee restructure

spike 1 year ago

In early February we reported that Visa was planning a complete overhaul of its interchange fee structure that merchants pay to accept its cards, hoping to persuade more people to abandon checks and adjusting its fees for new businesses such as ride-hailing and other app based services.

Coronavirus delays Visa interchange fee restructure

The company’s interchange fees will go up or down depending on the merchant and the way a consumer pays for their purchases, according to a document Visa sent to banks that outlines the changes. Higher rates are looming for transactions on e-commerce sites, while retailers in certain

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Futures volatile, Dow’s best week since 1938, Trump extends guidelines

spike 1 year ago

US President Donald Trump speaks during a Coronavirus Task Force press briefing in the Rose Garden of the White House in Washington, DC, on March 29, 2020.

Jim Watson | AFP | Getty Images

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7:43 am: Distancing guidelines extended through April

President Donald Trump announced Sunday that the social distancing guidelines from the Centers for Disease Control and Prevention have been extended until April 30. Trump said his previous statements about the country lifting the Guidelines on Easter, which is April 12, were an “aspiration.” White House health advisor Anthony Fauci

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Activist investor makes new push for HC2 board to remove chief Falcone: letter

spike 1 year ago

BOSTON (Reuters) – An activist investor is stepping up calls for the board of HC2 Holdings Inc (HCHC.N) to remove Chief Executive and Chairman Philip Falcone as the former hedge fund manager faces mounting legal and financial troubles.

FILE PHOTO: Philip Falcone, chief executive officer and chief investment officer for Harbinger Capital Partners, participates in a panel discussion during the Skybridge Alternatives (SALT) Conference in Las Vegas, Nevada May, 9, 2012. SALT brings together public policy officials, capital allocators, and hedge fund managers to discuss financial markets. REUTERS/Steve Marcus

MG Capital, run by former Third Point executive Michael

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UK startups call for emergency government support

spike 1 year ago

An empty Leicester Square in central London on March 24, 2020 in London. British Prime Minister, Boris Johnson, announced strict lockdown measures urging people to stay at home and only leave the house for basic food shopping, exercise once a day and essential travel to and from work.

Ollie Millington

British tech start-ups are lobbying the government for an emergency support package to help them weather the storm of the coronavirus pandemic.

The U.K., which has been formally on lockdown since March 23, introduced a stimulus plan for businesses hit hard by the virus outbreak earlier this month.

Under recently-appointed

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