Cheddar Afternoon Business Report for 11/13: Walmart, Visa

Posted: Updated:
NEW YORK -

Wall Street bonuses are bouncing back.

Johnson Associates Inc. says bonuses will climb by about 10 percent this year, according to Business Insider.

Bank stocks have been rallying since the election on hopes that President Donald Trump will ease regulation on the financial industry and cut taxes for businesses.

Walmart is charging more for some products on its website compared to in its actual store. 

Products like Kraft Macaroni and Cheese, Colgate toothbrushes and some pet food are more on the website.

The move is surprising because Walmart has been trying to beef up its e-commerce business to better compete with Amazon.com.

Also, Visa is introducing 'payment-connected gloves' that will go on sale at the Winter Olympics in South Korea. 

The gloves have a chip that allows wearers to pay with a swipe of the hand.

  • BusinessMore>>

  • First clues emerge about Cuba's future under new president

    First clues emerge about Cuba's future under new president

    Friday, April 20 2018 12:13 AM EDT2018-04-20 04:13:03 GMT
    Friday, April 20 2018 4:54 AM EDT2018-04-20 08:54:50 GMT
    (Alexandre Meneghini/Pool via AP). Cuba's new president Miguel Diaz-Canel, left, and former president Raul Castro, salutes, after Diaz-Canel was elected as the island nation's new president, at the National Assembly in Havana, Cuba, Thursday, April 19,...(Alexandre Meneghini/Pool via AP). Cuba's new president Miguel Diaz-Canel, left, and former president Raul Castro, salutes, after Diaz-Canel was elected as the island nation's new president, at the National Assembly in Havana, Cuba, Thursday, April 19,...
    First clues of Cuba's future power structure under new president emerge.
    First clues of Cuba's future power structure under new president emerge.
  • Reports: Wells Fargo to be fined $1B as early as Friday

    Reports: Wells Fargo to be fined $1B as early as Friday

    Thursday, April 19 2018 6:12 PM EDT2018-04-19 22:12:45 GMT
    Friday, April 20 2018 4:54 AM EDT2018-04-20 08:54:13 GMT
    Reports: Federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto lending and mortgage businesses.
    Reports: Federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto lending and mortgage businesses.
  • Australian financial firm CEO steps down over fee scandal

    Australian financial firm CEO steps down over fee scandal

    Thursday, April 19 2018 8:52 PM EDT2018-04-20 00:52:56 GMT
    Friday, April 20 2018 4:54 AM EDT2018-04-20 08:54:10 GMT
    The AMP's chief executive has stepped down following revelations that Australia's largest wealth manager charged customers for financial services they never received and misled the industry watchdog.
    The AMP's chief executive has stepped down following revelations that Australia's largest wealth manager charged customers for financial services they never received and misled the industry watchdog.
sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."