Visa Inc V stock recorded an all-time-high (ATH) on Wednesday. The stock was seen trading at a high of $262.48 during intraday trading, marking a new high in the stocks history.
The stock has returned 26.52% to investors so far this year. The surge has been propelled by a combination of strategic moves, financial prowess, and industry dynamics, solidifying Visas position as a key player in the market.Factors Driving Visa Stock
Factors that have been driving performance for Visa so far this year include: Visa is one of the key beneficiaries of the switch from cash to electronic payments, globally. The business has demonstrated operating leverage and successful buyback initiatives, which have led to significant EPS growth. Visas scale and low net debt allow M&A to preserve its technological superiority, giving it an advantage versus Mastercard Inc. MA . Visareported better-than-expected fiscal Q4 earnings, which indicated the business has resilient consumers.
Read: Visa, PaySafe Extend Relationship in Europe, Visa Network Tokens Add Level Of Payment SecurityWhat Does The Chart Say?
Technical analysis suggests a potential upward trajectory for Visas stock. The recent formation of a golden cross, where the 50-day SMA has crossed above the 100-day SMA, hints at a possible bullish trend.
Recent analyst ratings rate Visa stock a Buy and Outperform, with their price targets in the range of $280 to $295.
Price Action: Visa stock was down 1.17% to $259.31 at the time of publication Thursday.
Read Next: Growth Stocks Outpace Value By 10% As 2023 Nears End: Will The Trend Continue?
Two motorcycle racers have died after a crash involving 11 bikes during a British Supersport Championship race at Oulton Park in Cheshire.
Owen Jenner, 21, was treated trackside and taken to the circuit’s medical centre, but organisers said he died from a “catastrophic head injury”.
Shane Richardson, 29, sustained severe chest injuries and was also given treatment at the scene.
He was transferred to Royal Stoke University Hospital but died before he arrived.
A third rider, Tom Tunstall, 47, is at the same hospital with what organisers called “significant back and abdominal injuries”.
Five others from the British Supersport race were taken to the track’s medical centre but didn’t need hospital treatment.
Motorsport Vision Racing, which runs the race series, said the crash happened on the first lap as riders exited turn one at Old Hall corner.
It said there was a “chain reaction” with 11 riders coming off their bikes.
“Due to the extreme severity of the incident and ongoing medical intervention, the remainder of the Bennetts British Superbike Championship event was cancelled,” organisers said in a statement.
Cheshire Police said they were investigating two deaths on behalf of the coroner.
“The Motorcycle Circuit Racing Control Board and MotorSport Vision Racing are investigating the full circumstances of the incident in conjunction with the Coroner and Cheshire Police,” the force said in a statement.
The British Supersport Championship features 600cc machines and is the main support class to the blue riband professional British Superbikes series.
The Oulton Park event was the opening round of this year’s championship, which takes place at circuits around the UK.
Both riders had posted on social media in recent days about looking forward to this weekend’s races
Owen Jenner, from Crowborough, East Sussex, is a superstock champion in 2020 and 2023, and GP2 champion in 2024, winning the title with 18 wins out of 20 race finishes.
After, he signed with British superbike team Rapid Honda.
Shane Richardson, originally from New Zealand, is a father-of-two, who, according to his social media, works as a part-time test rider for Triumph.
According to his team, Astro JJR Hippo Suzuki, he previously had a business crafting bespoke kitchens before moving into “competing on the UK’s premier racing circuits”.
For much of its history, the trade union movement’s main opponent has been the Conservative Party. But now it finds itself taking on a different type of adversary – one it might describe as a wolf in sheep’s clothing.
The Reform UK leader has been sweet-talking the trade unions, speaking their language and brandishing their leaflets in public in what appears to his critics to be a new opportunistic strategy.
Farage’s courting of union members has alarmed the movement’s leaders – so much so that Sky News understands the executive of the Trades Union Congress (TUC), which represents unions across the country, has been holding meetings to draw up a strategy on how best to combat his appeal and more broadly, the far-right.
Over the weekend, as the two main parties were processing the battering they received in the local elections largely courtesy of Farage’s party, Unison’s general secretary Christina McAnea urged members of councils now controlled by Reform to join a union.
“Unions are there to ensure no one can play fast and loose with the law,” she said, after Farage threatened to sack staff working in areas such as diversity or climate change.
‘Political fraud’
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Paul Nowak, the general secretary of the TUC, has begun to step up his criticism of the former UKIP leader – accusing him of “cosplaying as a champion of working people”.
“He is not on the side of the working people,” he tells Sky News. “He’s on the side of bad bosses who want to treat staff like disposable labour.
“Unions will continue to expose him for the political fraud he is.”
At the moment, that campaign is largely focused on highlighting Farage’s voting record – in particular his decision to oppose the Employment Rights Bill, legislation unions say they have wanted for decades.
The bill offers protection from unfair dismissal from the first day of employment and sick pay for all workers from the first day of absence, among other measures.
The TUC says the bill is incredibly popular – and not just among Labour voters.
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According to a poll it conducted of more than 21,000 people with campaign group Hope Not Hate, banning zero hours contracts is supported by more than seven in 10 UK voters – including two in three Reform voters from the 2024 election.
“People are going to find there are improvements to their life and work,” an insider tells Sky News. “We want them to understand who was for it, and who was against it.”
The TUC has also begun promoting videos on social media in which workers in the electric vehicle industry accuse Farage of threatening their jobs.
Farage’s response to the bill has been to claim that a clause within in that gives workers protection from third party harassment could herald the end of “pub banter”.
‘There has always been fellow feeling with unions’
But Gawain Towler, an ex-Reform press officer who has worked on and off for Farage for 20 years, insists his former boss isn’t against workers’ rights – he’s just opposed to Labour’s bill.
“Reform don’t see it as a workers rights’ bill – we think it takes away opportunities for work because it scares people away from employing people,” he says.
Image: Nigel Farage campaigning during the local elections in Scunthorpe.
Pic: Reuters
He believes “mass migration” is the real obstacle to better wages and job security, and argues net zero policies are “costing union members their jobs”.
The government may point to a recent study suggesting the net zero sector has grown by 10% over the past year, supporting the equivalent of 951,000 full-time jobs.
For Farage’s allies, his courting of union members is neither disingenuous nor new.
“He’s anti-union management, he’s not anti-union,” says Towler, who noted Farage’s friendship with the late union leader and Brexit advocate Bob Crow.
“Nigel has always been a free trader, but he’s never been deeply partisan, which is why he was able to start the Brexit Party. There has always been that fellow feeling with unions.”
Indeed, on one issue, a commonality is emerging between Reform and the GMB union.
While general secretary Gary Smith has criticised Farage for being “soft on Russia” and for voting against the Employment Rights Bill, there is an agreement between the pair over the impact of net zero.
Image: Members of Unite union protest at plans to close Grangemouth oil refinery.
Pic: PA
Although Unite has no common truck with Reform, it has warned there should be “no ban without a plan” when it comes to issuing new oil and gas licences.
‘Labour has one shot with workers’
For some unions, Labour’s position on certain issues has provided Reform with an opening.
Gawain Little, the general secretary of the General Federation of Trade Unions, tells Sky News the party risks leaving “space open for fakers like Farage to come along and pretend they have people’s interests at heart”.
Only a sense that austerity is over, likewise the cost of living crisis, will truly “challenge” the Reform leader, he says.
One GMB member says Farage’s strategy is “from the same playbook” as right-wing parties in Europe, such as the AfD in Germany and Georgia Meloni’s Brothers of Italy.
By “continuously legitimising” Reform by talking tough on migration, union activists who usually get the word out for Labour have been left demoralised.
Farage on the picket line?
The current distance with some unions did not start in government. It began in opposition, when Labour refused to back workers who were on strike and when the party did not endorse some candidates put forward by some of the more left-wing unions.
But so far, sources in Labour have dismissed Farage’s tactics as just words – and believe his previous anti-union rhetoric will weigh against him when he tries to court votes.
In fact, Mr Farage’s calls for the renationalisation of steel have been interpreted as him “trying to jump on the bandwagon” of Labour’s success.
However, Damian Lyons Lowe, the founder of pollster Survation, spots danger for Labour if Farage is able to successfully tilt in the direction of workers’ rights – especially if the government finds itself unable to follow.
He says taking the side of unions in an industrial dispute over pay would be an example of a classic “wedge” strategy that Farage can deploy to back Labour into a corner.
And given the government’s initial 2.8% pay offer to public sector workers is below that reportedly drawn up by the independent pay review body for NHS workers and teachers, there is the very real prospect this scenario could arise.
“It could pose a real threat to Labour,” Lyons Lowe says, with union members in “post-industrial” areas potentially receptive to a message of “protectionism, industrial revival, and national self-sufficiency”.
Could what started with Farage brandishing leaflets end up with him joining the picket line?
While one union insider doesn’t think Farage will ultimately convince union leaders, members may be tempted.
The Starmer government has “one shot to deliver for workers”, they warn.
“If they don’t, Farage and Reform are waiting in the wings.”
Some of the world’s most famous names have arrived at the Met Gala in New York for what has become known as the biggest night in fashion.
Each year A-list celebrities provide plenty of talking points as they pose for the world’s press in outfits that are often as stylish as they are bizarre.
The annual event ushers in the spring exhibit for the Costume Institute at the Metropolitan Museum of Art, with this year’s theme of “Superfine: Tailoring Black Style” celebrating the style, politics and history of the way black men dress.
Diana Ross, Lewis Hamilton, Sabrina Carpenter and Alicia Keys are among the celebrities in attendance.
Here are some of the best outfits from the Met Gala 2025 so far.
Image: English actor Damson Idris arrived looking like a racing driver – complete with sparkling helmet. Pic: Reuters
Image: Idris, who is set to appear in upcoming movie “F1”, underwent a quick costume change with the help of two assistants. Pic: Reuters
Image: US singer Sabrina Carpenter. Pic: AP
Image: US actress Sydney Sweeney. Pic: Reuters
Image: American music royalty Diana Ross. Pic: AP
Image: White Lotus star Patrick Schwarzenegger. Pic: AP
Image: Hollywood actress Demi Moore. Pic: Reuters
Image: White Lotus star Walton Goggins. Pic: AP
Image: US model and actor Alton Mason. Pic: Reuters
Image: US singer Alicia Keys, left, and rapper Swizz Beatz. Pic: AP
Image: US rapper and singer Lizzo. Pic: Reuters
Image: English-Albanian pop star Dua Lipa. Pic: Reuters
Image: Norwegian billionaire Gustav Magnar Witzoe. Pic: AP
Image: British Formula 1 driver and Met Gala co-chair Lewis Hamilton. Pic: Reuters
Image: US rapper Megan Thee Stallion. Pic: Reuters
Image: US Olympic gymnast Simone Biles. Pic: Reuters
Image: US tennis legend Serena Williams. Pic: Reuters
Image: Kim Kardashian poses during the Met Gala. Pic: Reuters
Image: US singer and actress Janelle Monae with American film costume designer Paul Tazewell. Pic: Reuters
Image: Colombian singer Shakira at the Met Gala. Pic: Reuters