On a significant Thursday, the Consumer Financial Protection Bureau (CFPB) made waves by unveiling a final regulation that dramatically curbs the ability of banks to impose hefty overdraft fees. This initiative is estimated to save American consumers a staggering $5 billion each year, altering the financial landscape for millions. Under the new rule, banks can
Business
In the vast landscape of American cities, few have experienced a metamorphosis quite like Salt Lake City, Utah. Once renowned primarily for its winter sports and as a backdrop for the 2002 Winter Olympics, the city has transitioned over the last two decades into a vibrant technology hub known as part of the “Silicon Slopes.”
The burgeoning startup league known as Unrivaled is on the brink of redefining the landscape of women’s professional basketball. Its commitment to spotlighting elite talent and offering unprecedented opportunities marks a significant shift in how female athletes can engage with the sport during the offseason. Recently, Unrivaled secured a multiyear partnership with Under Armour, a
Alaska Air Group is positioning itself strategically to tap into the surging demand for premium travel experiences, projecting a remarkable $1 billion increase in profits by 2027. This vision comes on the heels of its recent acquisition of Hawaiian Airlines for $1.9 billion, a deal finalized in September, which opens new avenues for the airline,
The recent judicial handling of Boeing’s plea deal has raised eyebrows, especially in light of the tragic crashes of the 737 Max aircraft, which led to the loss of 346 lives. U.S. District Judge Reed O’Connor’s decision to reject the plea agreement showcases the intersection of legal proceedings, corporate accountability, and the pressing issues of
Macy’s Inc., a storied name in American retail, has once again captured the attention of investors—this time through the spotlight of activist investor Barington Capital. On a recent Monday, Barington not only disclosed its stake in Macy’s but also outlined a bold plan of action aimed at revitalizing the beleaguered department store chain. This situation
The tragic death of Brian Thompson, the CEO of UnitedHealthcare, has carved a deep wound in the fabric of corporate America. On a seemingly normal day, Thompson was fatally shot while en route to an investor event—an act that has sent ripples of anxiety and heightened awareness throughout the business realm. This shocking occurrence challenges
In a significant move that has stirred considerable interest in the banking sector, the Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Comerica Bank. This regional financial institution is accused of failing in its duties related to the administration of the Direct Express prepaid debit card program, a federal benefits initiative vital for
JetBlue Airways has recently announced a significant realignment in its flight operations aimed at cutting down unprofitable routes and enhancing operational efficiency. This strategy comes as the airline seeks to stabilize its financial performance following a tumultuous period exacerbated by the COVID-19 pandemic. The carrier’s decision to reduce the frequency of flights, particularly to and
Recent developments in the realm of obesity medications have captured significant attention, particularly following Eli Lilly’s announcement regarding its drug, Zepbound. The findings from a head-to-head clinical trial against its primary competitor, Novo Nordisk’s Wegovy, have positioned Zepbound as a potentially superior option for weight loss treatment. The trial results indicated that patients treated with