Until recently, Brooke Benson considered herself a Panera Bread loyalist. For the past 12 years, the 40-year-old Orlando, Florida, resident said she’d make three to four trips there every week — an estimate her husband …
Business
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Justin Perry was planning a one-night stay in London for early February and booked a room on what he thought was his chosen hotel’s website. It was only after getting a reservation confirmation that he …
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Business
Credit cards are charging more ‘excess’ interest than ever, consumer watchdog says
by adminCredit card companies are hiking rates to record highs to pad their profits, according to a government report released Thursday. The share of annual percentage rates (APR) that reflects what card companies charge beyond their …
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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
by adminFirst, 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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Business
Capital One-Discover merger could put a bigger squeeze on credit card users, experts warn
by adminCapital 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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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 …
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Business
Capital One to acquire Discover Financial Services in $35.3 billion all-stock deal
by adminCapital 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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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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Business
Dow tumbles 500 points, posts worst day since March 2023 after hot inflation report
by adminStocks 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 …