Elon Musk’s relationship to Twitter advertisers over the past year can best be described as “adversarial,” but the Tesla CEO announced a new level of combativeness Thursday: He intends to take brands who took their ad spend away from the platform to court in hopes they’ll be criminally prosecuted for not paying him. Tesla’s Cybertruck … Read more
(The Hill) – A federal judge Tuesday rejected a $30 billion antitrust settlement between Visa, Mastercard and a select group of retailers that was decried by the larger industry. Visa and Mastercard, which control a combined 80 percent of the credit card network market, agreed in March to limit interchange fees they charge retailers who … Read more
Bitcoin’s rally to near a record high is reawakening animal spirits — not just in the cryptocurrency market itself, but in the broader financial world that had left the digital asset sector for dead last year. The change of heart can be seen in the improved outlook for deal flow, highlighted by Robinhood Markets Inc.’s … Read more
Fellow motorsport nerds, get ready to open your wallets, because I’ve found what may be the greatest retro racing store of all time. With designs from Formula 1 teams like Mastercard Lola to Moneytron, you’re sure to find something that fits your particular nostalgic niche. I’d like to introduce you to Racing Retro. How Actor … Read more
Americans spent notably more money during the holiday shopping season as the U.S. economy powered through high inflation and interest rates. Retail sales in the U.S. excluding autos rose 3.1 percent from last year, according to data released by Mastercard SpendingPulse Tuesday. “This holiday season, the consumer showed up, spending in a deliberate manner,” Michelle … Read more
