“Increasing inflationary pressures have yet to significantly impact overall consumer spending but we will continue to monitor this closely," said CEO Michael Miebach.

GDP data will likely ignite another recession debate, while markets sift through a puzzling Fed rate hike and brace for crucial June quarter earnings from Apple after the close of trading.

Stock futures lower with earnings, GDP data in focus; Meta shares tumble after Q2 earnings miss, muted ad outlook; Spirit soars after cancelling frontier deal, setting up JetBlue takeover; Ford shares leap after solid Q2 earnings, outlook hold and Apple earnings on deck amid demand, chip, China impact questions.

While the S&P 500 has dropped 17% year to date, Visa has slipped only 2% and Mastercard just 5%.

Credit-card companies face some speed bumps amid the potential for an economic downturn, Wells Fargo says.

JPMorgan, the nation's largest bank, reportedly told employees it will pay travel costs for women needing abortion and reproductive health access.

Accelerating cross-border travel should lift the earnings for two credit-card companies, according to Wells Fargo analysts.

Visa has slid 8% since April 28, and Mastercard has lost 9%, but their fundamentals are strong, Bank of America says.

The Dow finishes up 600 points as the tech sector helps markets rebound from heavy losses.

The billionaire and crypto investor was in business with Voyager Digital which went bankrupt early July.

The builder confidence index breached the break-even measure of 50 in August for the first time since May 2020.

China is a crucial country for Tesla for its domination of the market of electric vehicles.