Retailers ask Visa and MasterCard to raise fees that could make inflation worse

Last month, the two credit card companies combined some of their exchange rates, or the fees merchants pay with each credit or debit card transaction. These so-called “withdrawal fees” are then paid to the card-issuing bank but are largely invisible to the consumer. However, some retailers claim that the additional fees will force them to … Read more

Explainer: Why is Wall Street so close to a bear market?

New York (AFP) – Bears are heading towards Wall Street. This year’s stock market slump has pushed the S&P 500 index close to what’s known as a bear market. High interest rates, high inflation, the war in Ukraine and a slowing Chinese economy have caused investors to reconsider the prices they are willing to pay … Read more

What Walmart, Target, Home Depot, and Lowe’s Tell Us About the Economy

Target, Walmart, Lowe’s and Home Depot group stores. Reuters To what extent can the American consumer bear a rise in inflation rates? This depends on who you ask. Four major retailers – WalmartAnd GoalAnd Home Depot And Louie They announced their quarterly financial results this week, and each offered a different view of where and … Read more

Gasoline could hit $5 a gallon this summer, causing more pain for consumers

Current gasoline prices are shown in Garden Grove, California, March 29, 2022. Mike Blake | Reuters Gasoline prices are an alternative ticket to consumers’ wallets this summer, as supply shortages and uncertainty in Ukraine could drive up fuel costs sharply. Gasoline prices are up around $5, and look like they’ll stay high even after the … Read more

The European Union rushes to draw up a $300 billion roadmap to get rid of Russian energy

Brussels (AFP) – The European Union’s executive arm moved on Wednesday to move the 27-nation bloc’s plans to ditch Russian energy amid the Kremlin’s war in Ukraine.By proposing a package worth about 300 billion euros ($315 billion) that would include more efficient use of fuels and a faster roll out of renewable energy. The European … Read more