Capital 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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Business
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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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As consumers continue to struggle with persistently high inflation, Target is unveiling a low-price, in-house brand it’s calling dealworthy. Target’s dealworthy products will start at less than $1, with most items coming in under $10, …
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Business
Self-driving Cruise vehicle accused of nearly hitting kids in two separate close calls one day apart
by adminCruise, the driverless car company owned by General Motors, is back in the spotlight after another close call with a pedestrian. The California Department of Motor Vehicles is investigating allegations that a self-driving vehicle operated …
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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 …
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Young adults’ wealth is growing, but they’re still living and spending in the here and now. Many feel they don’t have a choice. The net worth of Americans ages 18-39 surged by 80% from the …
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Business
Federal regulators are probing whether Cash App leaves door open to money launderers, terrorists
by adminFederal financial regulators are exploring allegations by two whistleblowers that Cash App, the popular mobile payment platform, and entities providing transaction services to its users performed inadequate due diligence on customers, potentially opening the door to …
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Stock markets threw a tantrum Tuesday, posting big losses after slightly hotter-than-expected inflation data stoked worries that interest rate cuts may not be coming soon. But don’t freak out. Markets tend to overreact. January’s consumer …