Judge Blocks $30B Credit Swipe Fee Deal & Rivian's $5B Lifeline From Volkswagen

Published: June 26, 2024, 11:08 a.m.

Episode 352: Neal and Toby recap the credit card swipe battle between credit card networks, merchants, and customers. The $30B meant to take a step forward in resolving high swipe fees was blocked by a judge. Then, Volkswagen invests $5 billion into Rivian, giving it new life that may pave the way for the top of the EV market. Next, the tragic lithium battery fire in South Korea highlights another problem with the batteries that are found in almost all of our daily devices. Also, Denmark will charge farmers for every cow, making it the first carbon tax in the world. Meanwhile, money-market funds reach all-time highs\u2026and that might not be a good thing. Lastly, it\u2019s been 50 years since the very first product was scanned by barcode. How did a simple design transform the economy?\n\nDownload the Yahoo Finance App (on the Play and App store) for real-time alerts on news and insights tailored to your portfolio and stock watchlists.\n\n00:00 - Toys R Us AI commercial\n2:50 - Swipe fee battle continues\n7:10 - Rivian gets new life\n11:45\xa0- Lithium battery hazards\n15:15 - World\u2019s first carbon tax\n19:00 - Avoid the cash trap\n22:15 - 50th anni of the first barcode scan\n\nGet your Morning Brew Daily Mug HERE: https://shop.morningbrew.com/products/morning-brew-daily-mug?utm_medium=youtube&utm_source=mbd&utm_campaign=mug\n\nListen to Morning Brew Daily Here: https://link.chtbl.com/MBD\n\nWatch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow\n\nOptions are not suitable for all investors and carry significant risk.\xa0Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date.\xa0Certain complex options strategies carry additional risk.\xa0\xa0Investors must review the Options Disclosure Document (ODD): public.com/ODD. See Fee Schedule and Options Rebate & Referral T&Cs: public.com/disclosures. Brokerage services for US-listed securities and options offered through Public Investing, member FINRA & SIPC.\xa0\nSee terms of the Options Rebate Program.\xa0Rebate rates vary from $0.06-$0.18 and may depend on time of enrollment and number of referrals.\xa0Rates are subject to change at any time.\nAll investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing., member FINRA & SIPC. See public.com/#disclosures-main for more information.\nLearn more about your ad choices. Visit megaphone.fm/adchoices