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Categories Business

American Express to pay $230 million to settle DOJ fraud probe, deceptive marketing claim

January 18, 2025

American Express will pay a total of about $230 million to resolve federal wire fraud investigations, and to settle civil allegations of deceptive

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Categories Business

Pepsi sued by federal regulators for giving Walmart preferential soft-drink pricing

January 18, 2025

The Federal Trade Commission said Friday that it is suing PepsiCo for illegal price discrimination, alleging the food and beverage giant gave an unnamed retailer more

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Categories Business

Capital One outage drags into Friday afternoon, leaving some customers without deposit access

January 18, 2025

An outage affecting Capital One customers dragged into its second day Friday, further preventing some customers from accessing deposits, payments and transfers.

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Categories Business

FDA officially authorizes Zyn nicotine pouches for sale following health review

January 18, 2025

The U.S. Food and Drug Administration formally authorized Zyn nicotine pouches for sale after conducting an ‘extensive scientific review’ about their safety. In

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Categories Business

UnitedHealth CEO says U.S. health system ‘needs to function better’

January 18, 2025

The CEO of UnitedHealth Group said Thursday that shortcomings of America’s health care system must be addressed. On the company’s first earnings call

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Categories Business

Capital One acknowledges ‘outage’ as users report issues accessing deposits

January 17, 2025

Capital One said an unspecified technical issue was hampering customer account access, as some users reported issues with direct deposits. In

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Categories Business

Target says its holiday sales were better than expected — but its profits weren’t

January 17, 2025

Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days

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Categories Business

JPMorgan Chase posts record profit as the bank’s massive scale pays off

January 17, 2025

JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank

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Categories Business

Citibank customers report fraud alerts and account access issues

January 17, 2025

Numerous Citibank customers reported receiving fraud alerts and having difficulty accessing their accounts Wednesday. According to DownDetector.com, which tracks reports of digital

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Categories Business

Biden administration seeks to avoid default crisis for student loan borrowers as garnishments resume

January 17, 2025

This year, for the first time in roughly five years, borrowers who have defaulted on their federal student loan debt will face

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