Happy Monday. A U.S. incursion in Iran is entering its third day, but in the first full day that investors can react to the disruption in the Middle East, they have swung from "it's so over" to "it might not be so bad." Heading into the final hour of trading, U.S. markets are at day highs and continuing to rise, while oil prices are normalizing from last night's futures trading session.
Capital One's $35.3 billion acquisition of Discover Financial Services appears to be taking a big step forward. Amid a transition of millions of debit cards to the Discover Network, the company appears to be readying a transition of select credit card products, according to benefits guides shored up this week.
TheStreet is now first to report that the company has begun originating select credit cards on Discover, which a company representative said, "is an important step forward in our journey to continue offering compelling products to customers."
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