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[Visa CEO Says US Economy Not In Recession Based On Spending Data; Reports Strong Q1 Results] Visa CEO Ryan Mcinerney Stated That Based On The Company's Data, The US Economy Is Not In Recession, Citing Strong Consumer Spending. Visa's First Quarter Results Showed Sales Rose 9% To $9.6 Billion And Earnings Reached $2.76 Per Share, Both Exceeding Analyst Forecasts. The Company Reported Strong Payment Volume Growth, With Total US Volume Increasing 8% In April And Cross-border Volume Up 15% In April. Visa Also Announced A New $30 Billion Share Repurchase Program And Plans For Stablecoin-linked Cards And Ai-powered Shopping Agents.
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