Major US banks including JPMorgan, Bank of America, Wells Fargo, and PNC have held talks about acquiring a payment network owned by fintech company Fiserv. This move aims to bypass the 2010 Dodd-Frank law's Durbin amendment, which caps debit-card fees banks can charge merchants unless they own the network. The banks seek to increase interchange fee revenue, which has been limited by the fee caps, affecting their ability to fund free checking and rewards programs. However, some banks are hesitant due to potential regulatory and merchant backlash, and no deal is confirmed yet.
The Citi Double Cash card provides an 18-month 0% introductory APR on balance transfers, making it ideal for paying off existing debt without interest. In contrast, the Chase Freedom Unlimited card offers 0% APR for 15 months on both purchases and ba...
A $300,000 investment in Vanguard High Dividend Yield ETF (VYM) ten years ago grew to about $922,110 with dividends reinvested, while the same amount in the S&P 500 reached roughly $1,063,230. VYM offers a lower yield around 2.2% and charges a 0.04% ...
Archer Aviation's stock surged 20% after it announced an agreement to acquire Boeing's Wisk Aero, SkyGrid, and Insitu subsidiaries. Boeing will take a 20% stake in Archer and retain access to Wisk's autonomous flight technology. This deal diversifies...
JPMorgan has increased its S&P 500 target for 2026 from 7,800 to 8,000, citing stronger-than-expected corporate earnings and significant AI-related investments driving business growth. The bank expects earnings per share to grow 35% in 2026, supporte...
