Tesla inventory pops on partnership with Basic Motors. Here’s what the industry experts have to say
Finance
CFPB announces rule limiting bank overdraft fees
Key Points The Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting banks’ ability to charge overdraft fees. It says the rule will save American consumers $5 billion annually. The CFPB said that its overdraft rule will take effect Oct. 1, 2025, though its ultimate fate is unclear. Source
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Finance
Stocks making the biggest moves midday: Broadcom, GE Vernova, Stitch Fix, GameStop and more
Check out the companies making headlines in midday trading: Broadcom — Shares added 5% following a report from The Information that the semiconductor manufacturer was assisting Apple in creating an artificial intelligence chip. Shares of Apple traded less than 1% higher. C3.ai — The enterprise artificial intelligence software company shed 7.2% following a downgrade to […]
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Finance
Here’s the inflation breakdown for November 2024 — in one chart
Key Points The consumer price index increased 2.7% in November 2024 from a year earlier, according to the Bureau of Labor Statistics. Inflation is not accelerating, but remains persistently too high, economists said. Inflation for groceries, gasoline and new vehicles increased. The good news is underlying trends still appear positive and disinflation is likely to […]
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