Business

Bank of America must pay more than $100 million to customers for doubling up on some fees, withholding reward bonuses and opening accounts without customer consent. Bank of America will pay $90 million in penalties…

As inflation continues to slow, shoppers are finally getting some relief at the grocery store. Rising food prices have been among the biggest drivers of inflation since 2020, with a combination of labor shortages, supply…

Employment growth eased in June, taking some steam out of what had been a stunningly strong labor market. Nonfarm payrolls increased 209,000 in June and the unemployment rate was 3.6%, the Labor Department reported Friday.…

Microsoft confirmed Monday that it’s eliminating additional jobs, a week after the start of its 2024 fiscal year. The cuts are in addition to the downsizing announced in January that resulted in 10,000 layoffs. The software maker…

Whether you’re contemplating buying or selling a house these days, it’s likely you’re a baby boomer — or are financially supported by one. At $436,800, the median home sale price in the U.S. remains significantly…

People with disabilities have been among the greatest beneficiaries of the strong post-pandemic rebound in the labor market. And on Friday, the Bureau of Labor Statistics added another data point to this trend. Among that…

Tesla must send extensive new records to the National Highway Traffic and Safety Administration as part of an Autopilot safety probe — or else face steep fines. If Tesla fails to supply the federal agency with information…

Mortgage rates last week hit their highest level since the end of May, which in turn weighed on mortgage demand. Total mortgage application volume dropped 4.4% last week compared with the previous week, according to…

With a little more than three weeks until UPS workers’ threatened strike date arrives, businesses that rely on the nation’s largest package carrier have been considering their plan Bs. Teamsters leaders representing 340,000 UPS employees…

Taylor Swift signed and agreed to a sponsorship deal with bankrupt crypto exchange FTX after months of discussion before executives at FTX decided not to go through with the deal, a person familiar with the…