Apple ended Samsung Electronics’ 12-year run as the largest seller of smartphones in the world, after commanding a 20% market share in 2023, according to a report from International Data Corp. Samsung ended the year with a…
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Business
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The Consumer Financial Protection Bureau on Wednesday unveiled long-awaited changes to how the nation’s biggest banks structure overdraft protection plans. The independent watchdog agency said the new rule closes a loophole that for decades has…
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More than 1,800 flights within, to or out of the U.S. were canceled Tuesday as extreme winter weather continued to wreak havoc for travelers. Data from the tracking group FlightAware also showed more than 4,700…
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Sean “Diddy” Combs and Diageo said Tuesday they have cut ties and settled the music mogul’s accusations that the spirits giant neglected vodka and tequila brands he promoted or co-owned. In a joint statement, the London-based company and Combs…
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There are plenty of reasons not to buy an electric vehicle in 2024: Auto loan rates are high. Despite a recent wave of discounting, many EVs remain pricier than gas-burning cars. And an incomplete network…
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A federal judge blocked JetBlue Airways’ purchase of budget rival Spirit Airlines, a major win for Biden’s Justice Department, which sued to stop the merger, alleging it would drive up fares for some of the most price-sensitive…
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There are plenty of reasons not to buy an electric vehicle in 2024: Auto loan rates are high. Despite a recent wave of discounting, many EVs remain pricier than gas-burning cars. And an incomplete network…
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Consumers who got a taste of higher-end amenities during the last couple years’ travel boom aren’t too keen to go back to basic economy, and the travel industry doesn’t want them to. “If ‘revenge travel’…
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Business
As ‘Dry January’ becomes more popular, some express sticker shock at the price of mocktails
The hottest trend in drinking remains not drinking alcohol at all. A recent Morning Consult poll shows 21% of drinking-age U.S. adults said they were participating in some form of reduced alcohol consumption for this…
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Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and stock price. About 20,000 employees will be let go over the “medium term,” New York-based Citigroup…