The Biden administration is seeking to impose a new limit on the typical credit card late fee, but the consumer credit and banking industry warns the change could ultimately affect other consumers in the form …
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Business
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The price of bitcoin soared past $65,000 Monday, putting it within striking distance of its all-time high reached in November 2021. The cryptocurrency has gained 48% in 2024 and is approaching the intra-day all-time high …
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Business
Passengers sue Boeing and Alaska Airlines for $1 billion over mid-air door panel blowout
by adminThree passengers are suing Boeing and Alaska Airlines for $1 billion in damages in the wake of a door panel blowing out midair on their flight. The suit, announced Feb. 23, accuses Boeing and Alaska …
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Business
United Airlines expects busiest spring break ever despite travelers’ cost concerns
by adminUnited Airlines expects its busiest spring break ever this year, even as travelers say they are concerned about rising costs. The carrier said Monday it expects to serve more than 21 million passengers from March …
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Business
Boeing is in talks to reacquire fuselage maker Spirit Aerosystems after spate of quality defects
by adminBoeing is in talks to buy back Spirit Aerosystems, which makes fuselages for Boeing’s 737 Max jets, according to a person familiar with the matter, as both companies scramble to stamp out manufacturing flaws on the top-selling …
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The price of bitcoin soared past $65,000 Monday, putting it within striking distance of its all-time high reached in November 2021. The cryptocurrency has gained 48% in 2024 and is approaching the intra-day all-time high …
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JetBlue Airways and Spirit Airlines on Monday said they were terminating their merger agreement weeks after losing a federal antitrust lawsuit that challenged the deal. A federal judge blocked the attempted merger in January after the Justice Department sued to bar the deal last …
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The European Commission, the European Union’s executive arm, on Monday hit Apple with a 1.8 billion euros ($1.95 billion) antitrust fine for abusing its dominant position on the market for the distribution of music streaming apps. The …
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Business
A year after Silicon Valley Bank failed, another regional lender flashes warning signs
by adminRegional lender New York Community Bank finds itself in an apparently worsening predicament, just as the anniversary of last year’s banking turmoil nears. Shares of the troubled lender plunged 25% Friday to below $4 apiece after NYCB restated recent quarterly earnings lower …
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Business
Chrysler recalling 338,000 Jeep Grand Cherokees over potentially faulty steering part
by adminChrysler is recalling more than 338,000 recent-model Jeep Grand Cherokees because they may have faulty steering components. In a letter posted Tuesday on the National Highway Traffic Safety Administration’s website, Chrysler said the affected vehicles’ …