Visa also indicated that overall U.S. volume trends ticked higher in January relative to December. Jefferies analyst Trevor Williams called that trend “healthy.” See also: How

Visa on Thursday reported $5.1 billion of profits for the final three months of 2024, up 5% from the year prior, as consumer spending remains solid even as some inflation persists. Visa’s per-share earnings for its fiscal first quarter amounted to $2.

Musk once dreamed of making X the “biggest financial institution in the world,” taking the first step of launching a peer-to-peer payments competitor to PayPal’s Venmo, Block’s Cash App and bank-owned Zelle.

Elon Musk’s social media company, X, said on Tuesday that it was teaming up with Visa to provide financial services, in a step toward Musk’s plans of expanding it into an “everything app.” The new financial feature,

Elon Musk is nearly everywhere. He already boasts a presence in electric vehicles, artificial intelligence, social media, and politics. Now, he appears to be carving out a space in financial services.