Category Archives: WBAP 24/7 News

Department of Justice Sues Visa, Alleges the Card Issuer Monopolizes Debit Card Markets

Department of Justice Sues Visa, Alleges the Card Issuer Monopolizes Debit Card Markets

NEW YORK (AP) — The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses its size and dominance to stifle competition in the debit card market. The complaint filed Tuesday says Visa penalizes merchants and banks who don’t use Visa’s own payment processing technology to process debit…MORE

Trump Calls for 100% Tariffs on Cars Made in Mexico as Part of Us Manufacturing Plan

Trump Calls for 100% Tariffs on Cars Made in Mexico as Part of Us Manufacturing Plan

SAVANNAH, Ga. (AP) — Donald Trump has pledged to stop U.S. businesses from shipping jobs overseas and to take other countries’ jobs and factories by relying heavily on sweeping tariffs. That’s despite economists’ persistent warnings that doing so could also dramatically raise prices for domestic consumers. The former president laid out a broad array of…MORE

American Consumers Are Feeling Less Confident as Concerns About Jobs Take Center Stage

American Consumers Are Feeling Less Confident as Concerns About Jobs Take Center Stage

WASHINGTON (AP) — American consumers are feeling less confident this month and concerns about jobs rose significantly. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 98.7 in September, from 105.6 in August. It was the biggest month=to-month decline since August of 2021. The index measures both Americans’…MORE

Brett Favre Announces He’s Suffering From Parkinson’s Disease

Brett Favre Announces He’s Suffering From Parkinson’s Disease

WASHINGTON (AP) — Retired NFL quarterback Brett Favre has been diagnosed with Parkinson’s disease, he told a congressional committee Tuesday. Favre made the disclosure as part of his testimony about a welfare misspending scandal in Mississippi. Favre, who does not face criminal charges, has repaid just over $1 million in speaking fees funded by a…MORE

Struggling Jeep and Ram Maker Stellantis is Searching for a New CEO

Struggling Jeep and Ram Maker Stellantis is Searching for a New CEO

DETROIT (AP) — Struggling Jeep and Ram maker Stellantis is looking for a CEO to succeed Carlos Tavares, but the company says it’s just part of a normal leadership succession plan. Tavares has been under fire from U.S. dealers and the United Auto Workers union after a dismal first-half financial performance. The company was caught…MORE