Visa Tops Fiscal Q4 Estimates as Global Payment Volume Climbs 9%
The card network posted adjusted earnings of $3.48 a share and $12.1 billion in revenue, both ahead of Wall Street forecasts, as cross-border spending jumped 14% and processed transactions topped 74 billion for the quarter.
Markets
Wall Street Keeps Buying the AI Trade Even as It Bets on a Bubble
A Bank of America survey found 37% of fund managers raised tech allocations in October, the most since 2020, while 45% simultaneously expect an AI bubble to form by 2027 — a contradiction playing out as hedge funds sell tech at their fastest pace in two years.
Markets
Suspicious $170 Million Oil Bets on Hyperliquid Raise Spoofing Alarms
Blockchain analytics firm Solidus Labs flagged a trader who placed and canceled large crude-oil perpetual futures orders at a 30-to-1 ratio during March's Iran-driven price swings, pocketing roughly $119,000 in the process.
