The firm formerly known as Toshiba is recalling 15.5 million AC laptop adapters due to the potential for burn and fire risks. The firm, now called Dynabook, said it had received 679 reports of the…
Business
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JPMorgan Chase was sued by customers who accused the largest U.S. bank of having unfairly charged fees when they deposited checks that, through no fault of their own, bounced. In a proposed class action filed on…
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Business
The IRS will pursue business private jet usage in a new round of audits on high-wealth taxpayers
First, there were trackers on Taylor Swift and other celebrities’ private jet usage. Now, there will be more scrutiny on executives’ personal use of business aircraft who write it off as a tax expense. IRS leadership said…
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Capital One’s $35.3 billion deal to buy Discover is a long way from being completed. But consumer advocates and some lawmakers are already raising questions about how the proposed merger could affect credit-card users —…
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If you’re checking a bag for an American Airlines flight, expect to pay more. The carrier has announced it is raising its checked bag fee by $10, from $30 to $40, for bags checked at…
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Capital One Financial is set to acquire Discover Financial Services in a $35.3 billion all-stock deal. Under the agreement, Discover shareholders would receive 1.0192 Capital One shares for each Discover share or about a 26% premium from Discover’s Friday…
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As consumers continue to struggle with persistently high inflation, Target is unveiling a low-price, in-house brand it’s calling dealworthy. Target’s dealworthy products will start at less than $1, with most items coming in under $10,…
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Stocks dropped on Tuesday after hotter-than-expected inflation data for January spiked Treasury yields and raised doubts that the Federal Reserve would be able to cut rates several times this year, a key part of the…
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Young adults’ wealth is growing, but they’re still living and spending in the here and now. Many feel they don’t have a choice. The net worth of Americans ages 18-39 surged by 80% from the…
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Business
Federal regulators are probing whether Cash App leaves door open to money launderers, terrorists
Federal financial regulators are exploring allegations by two whistleblowers that Cash App, the popular mobile payment platform, and entities providing transaction services to its users performed inadequate due diligence on customers, potentially opening the door to…