Banking

Markets

Visa sees pandemic 'storm' clearing

Visa Inc is emerging from the COVID-19 pandemic, its top boss said on Tuesday, as a surge in online shopping helped the world's biggest payment processor beat Wall Street estimates for quarterly profit and counter sluggish travel spending.

Economy

JPMorgan ramps up hiring to combat junior banker burnout

JPMorgan Chase has hired approximately 90 junior bankers and support staff and will hire an additional 100 more globally in an effort to take on the bank's record volumes of activity and to help combat employee burnout, a source familiar with the matter told FOX Business.

Economy

Pace of US economic recovery accelerates, Fed says

The U.S. economic recovery accelerated to a moderate pace from late February to early April as consumers, buoyed by increased COVID-19 vaccinations and strong fiscal support, opened their wallets to spend more on travel and other items, the Federal Reserve said on Wednesday.