Banks are struggling to make money in the credit card business these days, and consumers are paying the price. Interest rates are going up, credit lines are being cut and a variety of new fees are being imposed on even the best cardholders. The New York Times reports.
The credit card issuer reported a profit that topped last year's earnings and outstripped Wall Street's forecasts, and its shares edged higher after selling off early in extended hours.
Believe it or not, the economy will recover. Cramer’s good news, which he shares in his new book, Getting Back to Even, is that “sooner is actually a whole lot more likely than later.” If that’s the case, then investors should know how to play it. Luckily for them, Cramer pulled together 12 stocks that he thinks will most benefit from an economic rebound. Check out the slide show to find out which market bellwethers made the cut.
We know it seems like the Fast Money moves at the speed of light. So we thought you’d appreciate it if we slowed things down a bit. Here you’ll find Fast Money’s Slow Money trades – stocks the traders would buy and hold for the next five years!
Visa reported better-than-expected quarterly earnings, as the it sold its stake in Brazil's VisaNet, trimmed expenses and consumers used debit cards more.
In Monday's rally, the sector topping the tape was Financials, and leading the way were credit card stocks, notably American Express, Discover and Capital One... Read More
The Fast Money crew likes Wal-Mart, even more so after a recent breakout from a triangle formation — a very bullish indicator for the retailer.... Read More