Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Visa's (NYSE: V) share price has fallen on Friday after the Wall Street Journal reported that the company is being investigated by the US Justice Department.
According to WSJ, the investigation is regarding whether Visa is engaging in anticompetitive practices in the debit card market.
According to sources who spoke to the U.S. news company, the department's antitrust division has been gathering information and investigating whether Visa, the largest U.S. card network, has limited merchants' ability to route debit-card transactions over less expensive card networks to the WSJ.
The department's questions are focused on online debit card transactions, but investigators have asked about in-store transactions as well.
Shares of Visa are currently down 4.7% on Friday at $210.602.
The investigation emphasises the importance of so-called network fees, which are invisible to consumers but a burden on merchants, who frequently pass the costs on to customers through price increases.
Should you invest in Visa shares? One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It's a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .