The rule capping credit card late fees at $8 is on hold — here’s what it means for you
Rohit Chopra, director of the Consumer Financial Protection Bureau, speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., Dec. 15, 2022. Ting Shen | Bloomberg | Getty Images The U.S. banking industry won a key victory in its effort to block the implementation of a Consumer Financial Protection Bureau rule that would’ve […]
Walmart to cut hundreds of corporate jobs, relocate others: report
Walmart Inc. plans to lay off hundreds of corporate workers and is asking others to relocate to new cities, the Wall Street Journal reported Monday night.
Media companies woo advertisers as spend shifts to digital
Kevin Mazur | Getty Images Entertainment | Getty Images Media giants are making their annual pitches to advertisers this week against the backdrop of significant disruption in the industry. The Hollywood writers and actors strikes are over, meaning Upfronts will likely be star-studded once again, major cost cutting is largely in the rear view mirror […]
Roaring Kitty rides again: GameStop’s meme-stock rally shows ‘gamification’ may be back
Keith Gill, known as Roaring Kitty, made his return to social media Sunday, sparking a meme-stock rally that sent shares of GameStop skyrocketing.
Novavax stock jumps on Sanofi Covid vaccine deal
A vial labeled “Novavax V Covid-19 Vaccine” is seen in this photo taken Jan. 16, 2022. Dado Ruvic | Reuters Shares of Novavax closed nearly 50% higher on Monday as Wall Street cheered the company’s new multibillion-dollar deal with French drugmaker Sanofi that sparked a dramatic turnaround for the struggling vaccine maker. Novavax’s stock almost […]
Airlines challenge Biden administration fee disclosure rule
Aerial view of United Airlines passenger planes docked in a terminal of Newark Airport in Newark, New Jersey, on May 11, 2024. Charly Triballeau | Afp | Getty Images Major airlines and an industry trade association asked a federal appeals court to toss out a new Department of Transportation rule requiring earlier disclosure of add-on […]
Intel rises on report of $11 billion Apollo investment in new chip plant
Apollo is front-runner on deal after it outshines KKR and Stonepeak, according to a WSJ report.
Xponential Fitness sees stock whipsaw after CEO ousted
Anthony Geisler, CEO, Xponential Fitness at the NYSE Source: NYSE Shares of Xponential Fitness, the parent company of Cyclebar and Pure Barre fitness studios, bounced around in trading Monday after the company announced late Friday that CEO Anthony Geisler would be suspended indefinitely without a return date and would become an inactive member of the […]
AMC’s stock surges along with fellow meme stock GameStop as Roaring Kitty returns
AMC shares were set to surge — and meme stocks are again in the spotlight following Roaring Kitty’s return to social media.
NRF rejects Shein membership as retailer pursues U.S. IPO
A sign hangs outside the Shein warehouse in Whitestown, Indiana, on Nov. 29, 2023. Scott Olson | Getty Images Chinese-founded fast fashion behemoth Shein isn’t just working to win over lawmakers in Washington, D.C., as it gears up for a potential U.S. IPO, it’s also trying to win over the broader U.S. retail industry. It’ll […]
