Mastercard profit jumps as stable spending drives transaction volumes

July 30 : Mastercard posted a rise in second-quarter profit on Thursday, boosted by robust transaction volumes driven by steady consumer spending. Shares of the company were up over 3 per cent in trading before the bell. Despite fears that geopolitical tensions and the resulting economic uncertainty would dent consumer

Like other big technology companies, Microsoft is hoping its aggressive spending on artificial intelligence is starting to translate into revenue.