Visa Inc. and MasterCard Inc., which processed $7.4 trillion in purchases last year, are among leading payments networks that devote thousands of words in filings to every perceived threat to their business. “Bitcoin” isn’t one of them.
Options traders are the most bullish on Target Corp. in almost eight years as they bet the discount retailer will recover from an attack by hackers and an expansion into Canada that has mauled earnings.
American Express Co. won preliminary court approval of a settlement with U.S. merchants over transaction fees that the retailers say complements a multibillion-dollar accord with Visa Inc. and MasterCard Inc.
Service industries expanded more than forecast in January as the biggest part of the U.S. economy overcame the effects of snow and freezing temperatures to boost hiring by the most in more than three years.
Entrepreneurs from Silicon Valley to Wall Street say they don’t care much for Bitcoin as a currency to supplant the U.S. dollar. As a payment technology they could use to undercut Visa Inc., Western Union Co. or Citigroup Inc., they say they like it a lot more.
Twenty states plus the District of Columbia now allow sales of medicinal marijuana, allowing pot prescriptions to treat pretty much any malady, from a headache to a hangnail. Colorado and Washington have legalized the drug for recreational use, too.