Dow Jones News: Visa Overhauling Fees; Apple Suppliers Back in Business Next Week
The Dow Jones Industrial Average staged an encore performance on Tuesday, rising sharply in morning trading. The Dow was up 1.55% at 10:55 a.m. EST, even as the coronavirus outbreak in China continued to spread.
Shares of Visa (NYSE: V) rose with the market following a report that the payments company was planning big changes to its fee structure. Apple (NASDAQ: AAPL) stock was up strongly as well, with news that Chinese suppliers plan on resuming production next week, helping the cause.
In an effort to drive usage, replace checks, and adapt to newer businesses like ride-hailing services, payments giant Visa is reportedly planning a substantial change to the fees it charges U.S. merchants. Rates will decrease for some types of merchants while increasing for others, according to a report from Bloomberg.
Source Fool.com
