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On July 13th, it was reported that on July 8th, 2026, Shenzhen Yuejiang Technology Co., Ltd. and Wanbang Digital Energy Co., Ltd. officially signed a strategic cooperation agreement. The two parties will jointly implement the application of embodied intelligent robots in the entire automatic charging process, targeting typical scenarios such as charging facilities, energy storage systems, and smart energy management. This will connect the entire chain from "intelligent perception" to "precise execution," creating a full-stack solution for automatic charging and intelligent operation and maintenance adapted to complex working conditions, and promoting the verification and commercialization of embodied intelligent technology.On July 13th, the State Council approved the "15th Five-Year Plan for Expanding Consumption." The plan mentions streamlining and optimizing unreasonable restrictive measures. It promotes the shift from purchase-based management to usage-based management of automobile consumption, providing car purchase guarantees for families who have been unsuccessful in the lottery for vehicles for a long time, and exploring differentiated vehicle purchase quota management methods for urban and suburban areas. It supports local governments in adjusting and optimizing real estate policies according to their specific circumstances to better meet residents rigid and improved housing needs. It deepens the reform of the housing provident fund system, expands its scope of use, and strives to meet the diverse housing needs of contributors at different stages. It optimizes the approval management of performing arts activities, promotes "one-stop" joint approval by departments for large-scale public events and online processing throughout the entire process, and strictly implements the responsibility system for content review at the premiere location of touring performances.On July 13th, the State Council approved the "15th Five-Year Plan for Expanding Consumption." The plan mentions promoting high-quality development of digital consumption, further advancing "artificial intelligence + consumption," and implementing a digital consumption enhancement action. It aims to expand digital product consumption by increasing the effective supply of next-generation intelligent terminal products such as AI-powered mobile phones and computers, smart wearables, intelligent robots, and desktop 3D printing equipment; accelerate the research and development and interconnection of intelligent security and video care systems; and conduct pilot programs for the access and road use of intelligent connected vehicles. It also aims to enhance digital service consumption by leveraging technologies such as artificial intelligence and virtual reality to empower life services and scenic areas; promote the integration of artificial intelligence with education, healthcare, culture, tourism, sports, and other fields; and expand the application scenarios of intelligent systems. Finally, it aims to innovate digital content consumption by launching more high-quality digital cultural and museum products; strengthening the supply of ultra-high-definition content for radio, television, and online audiovisual media; and developing new film formats such as virtual reality films and LED digital cinemas.Ukrainian Deputy Prime Minister: The Russian attack on the Togo-bound civilian merchant ship resulted in the deaths of three crew members and injuries to five others.JPMorgan Chase raised its price target for Marathon Petroleum (MRO.N) from $257 to $300.

Visa's earnings exceeds projections due to robust customer demand

Aria Thomas

Jul 27, 2022 10:44

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Visa Inc.'s quarterly earnings above analyst estimates on Tuesday, as solid consumer spending and a vacation boom throughout the majority of the United States translated into greater card spending.


After being confined to their homes due to a pandemic, pandemic-weary Americans are spending lavishly on vacation and other leisure activities, helping to keep the economy on track despite the inflationary attack.


In recent weeks, big U.S. banks like as JPMorgan Chase & Co (NYSE:JPM) and Citigroup Inc (NYSE:C) have emphasized the resilience of consumer spending amid an uncertain economic outlook, a bullish sign for card companies.


The revenue of the largest payments processor in the world climbed during the third quarter due to a 12 percent rise in payment volumes and a 40 percent increase in cross-border volumes. Cross-border travel volumes increased 16% compared to 2019.


Visa (NYSE:V) still receives its share, according to TouchdownMoney.com creator Scott Lieberman. "While a company like Walmart (NYSE:WMT) may suffer if consumers change their spending from higher-margin apparel to low-margin groceries, Visa (NYSE:V) still receives its share."


Lieberman, who covered the credit card industry for almost a decade, stated, "Visa stands to earn whether people purchase champagne in a bull market or beer in a recession."


Visa announced an adjusted net income of $1.98 per share, far more than the $1.75 per share that experts had predicted.


American Express (NYSE:AXP) boosted its annual revenue forecast on Friday as a consequence of record card usage, as did the results of the payments processor.

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