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Consumer confidence got a rebound headed into summer.
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The University of Michigan’s June Consumer Sentiment Index, released Friday (June 27), recorded a 16% surge from May, marking its first increase in six months.
The rise reflects a broad-based improvement across various facets of the economy, with expectations for personal finances and business conditions climbing...
The U.K.’s Competition Appeal Tribunal ruled unanimously Friday (June 27) that Visa and Mastercard’s multilateral interchange fees violate European competition law.
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The ruling is the latest round in a long-running legal battle and applies to linked lawsuits brought by hundreds of merchants, Reuters reported Friday.
The claimants’ attorney, David Scott, global managing...
As 2025 reaches its midpoint, stablecoins sit at a rare confluence of opportunity and uncertainty.
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On the one hand, they offer real-world utility at scale, particularly within cross-border payments and emerging markets. On the other hand, they raise profound questions about monetary control, systemic risk and global financial governance.
Yes, stablecoins have matured...
Data on personal income, spending and saving released Friday (June 27) from the Bureau of Economic Analysis painted a portrait of a pinched consumer.
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Personal income dipped 0.4% month on month in May. That’s the first monthly decline since September 2021, ending an upward trend that peaked with a 0.8% increase in April. Disposable (after tax) personal income dipped 0.6...
The federal banking agencies said Friday (June 27) that they are requesting comment by Aug. 26 on a proposal to modify the enhanced supplementary leverage ratio (eSLR) capital standards for banks.
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The proposal aims to reduce the current standards’ disincentives to engage in lower-risk activities, such as participating in the Treasury markets, the Federal Deposit...
London airport Heathrow said Friday (June 27) that it is seeing “early signs of softness” in business travel from the U.S. due to economic uncertainty across North America.
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Heathrow said this in an investor report that found that the airport saw growth in U.S. passenger and cargo volumes during the first five months of the year compared with the same period in 2024.
“We...
Banco Sabadell is reportedly considering selling its U.K. unit, TSB, to Banco Santander or Barclays to avoid a hostile takeover by BBVA.
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The bank is accepting offers for TSB through Friday (June 27) and is likely to then select one bank with which to negotiate a potential deal, Bloomberg reported Friday.
It is not certain that Santander or Barclays will make a deal or...
Capital One Financial has reportedly entered a “new era” after completing its acquisition of Discover Financial Services.
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With the acquisition, Capital One grew in size and added a debit and credit card network, which could “supercharge” its banking and card businesses, The Wall Street Journal (WSJ) reported Friday (June 27).
The Discover network could enable Capital...
Nike said Thursday (June 26) that the new U.S. tariffs currently in place will cost the company about $1 billion.
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The footwear and apparel company is working to mitigate that gross incremental price increase, Nike President and CEO Elliott Hill said in remarks prepared for delivery Thursday during the firm’s fourth-quarter earnings call.
“[These] tariffs represent a new...
Here are this week’s top news:
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Carrefour Ramps up Digital Experience
French grocery giant Carrefour said physical retail is not going away, with 90% of its sales still occurring at its brick-and-mortar locations, according to Emmanuel Grenier, group eCommerce, data and digital transformation director at Carrefour.
The company is partnering with VusionGroup to deploy a...