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Visa plans to cut 7% of workforce, Bloomberg News reports
Reuters14d agoneutral
Visa plans to cut 7% of workforce, Bloomberg News reports

Visa plans to cut 7% of its workforce, or ‌about 2,600 jobs, Bloomberg News reported ‌on Tuesday, citing a staff memo, as the payments ​processor seeks to become more efficient in a challenging industry. AI has ⁠helped cut repetitive tasks and speed up product development, but it ⁠was not the sole factor behind the decision, Bloomberg reported, citing a person ​familiar with ​the company's reasoning. Earlier this year, peer Mastercard announced plans ‌to lay off 4% ​of its global workforce, ​citing the ​need to refocus investments in different ‌areas.

Tech Earnings, Fed Rate Decision: What to Watch This Week
The Wall Street Journal14d agoneutral
Tech Earnings, Fed Rate Decision: What to Watch This Week

Today Earnings (a.m.): Coca-Cola, UPS, Boeing, Sherwin-Williams, Hilton, Centene, PayPal, S&P Global Earnings (p.m.): Visa, Ford Motor, Mondelez International, Waste Management, PPG Industries, Bloom Energy, Avis Budget, Seagate Technology Economic data: Consumer confidence index, Johnson Redbook retail sales index, U.

JPMorgan and Goldman Posted Record Quarters — Their Own CEOs Aren’t Sure It Lasts
Insider Monkey15d agoneutral
JPMorgan and Goldman Posted Record Quarters — Their Own CEOs Aren’t Sure It Lasts

July 14 was one of the most concentrated single-day events of Wall Street’s Q2 2026 earnings season, with all five of America’s largest banks reporting results on the same morning, alongside the June CPI report and Federal Reserve Chair Kevin Warsh’s inaugural Congressional testimony. Combined, those five firms have more than $13 trillion in assets, […]

Visa (V) Just Completed Greater China’s First AI Powered B2B Agentic Payment
Simply Wall St.18d agoneutral
Visa (V) Just Completed Greater China’s First AI Powered B2B Agentic Payment

Visa (NYSE:V) and Lianlian completed Greater China's first AI powered B2B agentic payment. The transaction used Visa's Agentic Directory to run an end to end cross border payment autonomously within preset controls. The move highlights Visa's push into agentic commerce and machine to machine financial transactions. For investors tracking Visa at a share price of $355.74, this AI powered B2B payment with Lianlian puts fresh attention on the company's role in digital payment infrastructure...