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Goldman Sachs said on May 14 that the likely direction of the USD/Asian currency pair is still down after the recent progress in trade negotiations. It said that despite the recent progress in trade negotiations between China and the United States, the main themes of the market have not changed. These themes are: the trend of gradually diversifying investments from US assets should continue; Asian exporters should continue to convert US dollars into local currencies; if the Asian region conducts trade negotiations with the United States, it may be more difficult for its currency to depreciate.South Koreas unemployment rate was 2.7% in April, in line with expectations of 3% and the previous value of 2.90%.U.S. House Speaker Johnson: Republicans may not reach an agreement on the state and local government tax (SALT) bill until tomorrow.German Geoscience Research Center GFZ: A 6.3-magnitude earthquake occurred on the Greek island of Crete.On May 14, the article stated that recently, some consumers found that after purchasing a monthly pass for shared bicycles, they were still charged for overtime within the specified time, and a single payment was turned into a membership card. This kind of platform inducement phenomenon exists in many shared economy consumption scenarios. Inclusiveness is the starting point of the shared economy. The value of the shared economy lies in allowing more people to enjoy services in a convenient and low-cost way, rather than exploiting user interests through information asymmetry. If the platform wants to achieve sustainable development, it must optimize the membership mechanism, ensure transparent rules, reasonable billing, and freedom to cancel subscriptions, so that consumers can truly feel the benefits. Dont forget the original intention of inclusiveness, so that the shared platform can truly play its social value and achieve a win-win situation with consumers.

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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