US Services Sector Experiences Cooldown as Order Growth Slows

The U.S. services sector showed signs of retreat as the recent gauges indicated a slowdown in the pace of order growth, sparking concerns about the overall economic outlook. This cooling effect comes after continuous expansion in the sector, which is pivotal to the U.S. economy, as it comprises a significant portion of GDP and employment.

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Visa's Profits Surge on Strong Cross-Border Transactions, Outpacing Forecasts

Visa Inc. reported a noteworthy increase in its profits driven by a robust surge in cross-border activities, exceeding analysts' expectations. The payments giant divulged its financial results for the first quarter, showing promising growth metrics that reflect the ongoing recovery in international travel and commerce.

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