The rule capping credit card late fees at $8 is on hold — here’s what it means for you
The U.S. banking industry won a key victory in its effort to block the implementation of a Consumer Financial Protection Bureau rule…
Stock market today: Dow hits 8-day winning streak ahead of key inflation report
US stocks were mostly higher on Friday, with the Dow notching its eighth straight winning day. The strong gains in…
NBA champion Glen Davis sentenced to 40 months in prison for part in plan to defraud league’s health care plan out of millions
CNN — Former NBA champion Glen Davis has been sentenced to 40 months in prison for his part in a scheme to…
China is likely to hit back against US tariffs on electric vehicles, Wedbush’s Dan Ives says
The Biden administration is set to raise tariffs on China EVs from 25% to roughly 100%. Wedbush’s Dan Ives told…
‘Something could break’: The Fed risks recession, bank failures if it doesn’t cut rates soon, economist Mark Zandi says
The Fed risks “breaking” something in the economy if it delays rate cuts, according to Moody’s Mark Zandi. Higher interest…
Target says Pride collection will appear in ‘select’ stores, cuts LGBTQ apparel for kids
Target will limit which stores sell LGBTQ-themed products following last year’s firestorm over its decision to sell products designed for…
Sweetgreen shares soar 34% after company beats revenue expectations
Sweetgreen shares surged nearly 34% on Friday after the company topped Wall Street’s revenue expectations for the fiscal first quarter…
Jim Simons, billionaire quantitative investing pioneer who generated eye-popping returns, dies at 86
Jim Simons, a mathematician who founded the most successful quantitative hedge fund of all time, passed away on Friday in…
Behind America’s divided economy: Booming luxury travel and a jump in ‘relief’ loans
At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending…
