Asset management giant Vanguard has been fined more than $100 million to settle charges related to disclosures around target date investment funds, the Securities and Exchange Commission announced Friday. The alleged violations stem from a 2020 change …
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The U.S. Food and Drug Administration formally authorized Zyn nicotine pouches for sale after conducting an ‘extensive scientific review’ about their safety. In a release Thursday, the agency said it had found that the popular …
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Business
Capital One outage drags into Friday afternoon, leaving some customers without deposit access
by adminAn outage affecting Capital One customers dragged into its second day Friday, further preventing some customers from accessing deposits, payments and transfers. In an afternoon statement, the bank said it was still restoring systems that …
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Capital One said an unspecified technical issue was hampering customer account access, as some users reported issues with direct deposits. In response to complaints on social media platform X, a Capital One representative said the …
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JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank in U.S. history. Here’s what the company reported: The bank said profit rose …
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Numerous Citibank customers reported receiving fraud alerts and having difficulty accessing their accounts Wednesday. According to DownDetector.com, which tracks reports of digital services interruptions, hundreds of Citibank users had flagged issues related to their accounts …
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Business
Biden administration seeks to avoid default crisis for student loan borrowers as garnishments resume
by adminThis year, for the first time in roughly five years, borrowers who have defaulted on their federal student loan debt will face collection activity, including the garnishment of their wages and retirement benefits. In a new U.S. Department …
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Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days known for deep discounts. The big-box retailer now expects comparable sales in the …
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Meta is set to cut about 5% of its workforce, focusing on the company’s lowest-performing staffers, CNBC confirmed Tuesday. CEO Mark Zuckerberg informed employees about the decision to “move out low performers faster” in a memo posted on …
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Government inspectors documented unsanitary conditions at several Boar’s Head deli meat plants, not just the factory that was shut down last year after a deadly outbreak of listeria poisoning, federal records show. Newly released reports from Boar’s Head …