Year: 2025
CFPB sues Capital One, alleges it misled consumers on savings rates
Capital One headquarters in McLean, Virginia on February 20, 2024. Brendan Smialowski | AFP | Getty Images The Consumer Financial Protection Bureau announced Tuesday that it was suing Capital One for misleading consumers about their savings account interest rates and “cheating” them out of more than $2 billion in interest. The agency said in a […]
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Bitcoin swings back above $97,000, in stunning reversal, as light inflation data stokes risk appetite
Jonathan Raa | Nurphoto | Getty Images Bitcoin bounced on Tuesday, rising with other risk assets as traders digested a light inflation reading. On Tuesday the price of the flagship cryptocurrency rose 4.5% to $97,044.35, according to Coin Metrics, after sliding below the $90,000 support level to start the week. The broader crypto market, as […]
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Health care jobs are in demand in 2025 — one of the top roles can pay $385,000
Key Points The health care sector claimed the highest share of top jobs for 2025, according to Indeed. They accounted for five of the top 25 jobs: Physician, clinical psychologist, radiologist, registered nurse and director of clinical services. An aging U.S. population, retirements among workers and low risk of A.I. replacement have led to high […]
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JPMorgan Chase exec Daniel Pinto, longtime No. 2 to Jamie Dimon, will step down in June
Daniel Pinto, president and chief operating officer of JPMorgan Chase, speaks during the Semafor 2024 World Economy Summit in Washington, DC, on April 18, 2024. Saul Loeb | AFP | Getty Images JPMorgan Chase said Tuesday that Chief Operating Officer and President Daniel Pinto will step down from those roles in the coming months, elevating […]
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Inflation watch: Wholesale prices rose 0.2% in December, less than expected
Customers shop for clothing at a Costco store on December 11, 2024 in Novato, California. Justin Sullivan | Getty Images A measure of wholesale prices increased less than expected in December, providing indication that pipeline inflation pressures eased to close the year. The producer price index rose just 0.2% on the month, less than the […]
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Stocks making the biggest moves premarket: KB Home, Signet Jewelers, Teladoc, Applied Digital & more
Check out the companies making headlines in premarket trading. Technology stocks — The group that was under pressure in Monday’s session bounced before the bell, trying to regain some of the lost ground. Nvidia and Palantir climbed more than 1% in Tuesday premarket trading, while AppLovin gained 0.7%. The three names were among the best […]
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Trump Defense pick Pete Hegseth to face tough Senate confirmation hearing
Defense secretary nominee Pete Hegseth meets with Senator-elect Jim Banks (R-IN) on Capitol Hill in Washington, U.S., December 5, 2024. Evelyn Hockstein | Reuters Secretary of Defense hopeful Pete Hegseth is set to appear for a high-stakes Senate confirmation hearing Tuesday, as he seeks to overcome an expected grilling from Democrats about his qualifications to […]
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Klarna scores global payment deal with Stripe to expand reach ahead of blockbuster U.S. IPO
“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023. Jakub Porzycki | NurPhoto | Getty Images Klarna has agreed a major new distribution partnership with fellow fintech unicorn Stripe, in a bid to expand reach and add more merchants in the lead-up to its upcoming listing in the U.S. Klarna’s buy now, […]
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Wildfires force Los Angeles app developer to use his own technology to navigate crisis
The wind whips embers while firefighters battle the fire in the Angeles National Forest near Mt. Wilson as the wildfires burn in the Los Angeles area, during the Eaton Fire in Altadena, California, U.S. January 9, 2025. Ringo Chiu | Reuters For almost two years, Viktor Makarskyy has been working on an app that serves […]
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Southwest Airlines pauses corporate hiring, most summer internships to cut costs
A Southwest Airlines Boeing 737 passenger plane taxis along the tarmac at the Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia on December 13, 2024. Daniel Slim | Afp | Getty Images Southwest Airlines is pausing corporate hiring and promotions, suspending most of its summer internships and going without some employee team-building events that […]
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