From Yahoo Finance: 2025-04-30 14:15:00

Visa CEO Ryan McInerney states the Trump trade war has not triggered a recession, with strong consumer spending. Visa’s Q1 earnings beat estimates, with sales up 9% to $9.6 billion and earnings at $2.76 per share. US payment volume increased in April, with cross-border volume up 15%. However, US GDP contracted by 0.3% in Q1. The trade war is impacting consumer spending, as seen in weak volume for certain products. Procter & Gamble CEO notes households are cutting back due to economic uncertainty. Despite this, Visa announces new product innovations like stablecoin-linked cards and AI-powered shopping.



Read more at Yahoo Finance: Visa CEO on economic slowdown, new stablecoin deal, and AI agents that shop for you