Buy the dip on these credit card giants as stablecoin weakness is overblown, says Wells Fargo

Buy the dip on these credit card giants as stablecoin weakness is overblown, says Wells Fargo

Investors should consider taking advantage of the recent pullback in shares of Mastercard and Visa , Wells Fargo said on Tuesday. The firm reiterated its overweight ratings on the two global payments technology names and kept its price target at $625 for Mastercard and $395 for Visa. Those targets each imply around 15% upside from…

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U.S. China trade tariff talks

U.S. China trade tariff talks

U.S. Secretary of the Treasury Scott Bessent, U.S. Trade Representative Jamieson Greer, China’s International Trade Representative and Vice Minister of Commerce Li Chenggang, and Chinese Vice Premier He Lifeng, prepare to discuss on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, on May 10, 2025. Keystone/eda/martial Trezzini | Via…

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What to know and why it matters

What to know and why it matters

President Donald Trump sent shockwaves through global markets Monday night by saying he would fire Federal Reserve Board Governor Lisa Cook. Trump’s decision not only put investors and economists on alert, but brought attention to the complicated innerworkings of the U.S. central bank. It also marks the latest escalation of Trump’s monthslong pressure campaign against…

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