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Mastercard Plans to Sell Real-Time Payments Unit It Bought for $3.2 Billion

Key Points: Mastercard officially plans to sell its European real-time payments business, which it originally acquired from Nets Group in 2019. The credit card giant spent $3.2 billion on the initial acquisition but now expects a much lower sale price. The division currently generates about $370 million in yearly revenue and $100 million in core earnings. Mastercard recently shifted its strategy by spending $1.8 billion...

Apple Expands American Manufacturing Program With $400 Million Investment

Key Points: Apple added 4 new partners to its domestic manufacturing supply chain and pledged to invest $400 million by 2030. The technology giant plans to hire 20,000 new workers and currently supports more than 450,000 jobs across 50 states. Companies like TDK and Bosch will now build essential iPhone parts, such as camera sensors and crash-detection chips, domestically. Apple absorbed roughly $3.3 billion in...

Stock Markets Drop as Trump Questions Iran Peace Deal

Key Points: Major stock indexes dropped on Thursday as President Donald Trump expressed doubts about a peace deal with Iran. Global oil prices surged above $100 a barrel as the critical Strait of Hormuz remained closed to commercial shipping. Israel claimed responsibility for a military strike that killed an Iranian naval commander accused of placing underwater sea mines. Memory chip stocks fell sharply following a...