The European Commission, the European Union’s executive arm, on Monday hit Apple with a 1.8 billion euros ($1.95 billion) antitrust fine for abusing its dominant position on the market for the distribution…
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Editor's Pick
Boeing is in talks to reacquire fuselage maker Spirit Aerosystems after spate of quality defects
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Boeing is in talks to buy back Spirit Aerosystems, which makes fuselages for Boeing’s 737 Max jets, according to a person familiar with the matter, as both companies scramble to stamp out…
The price of bitcoin soared past $65,000 Monday, putting it within striking distance of its all-time high reached in November 2021. The cryptocurrency has gained 48% in 2024 and is…
JetBlue Airways and Spirit Airlines on Monday said they were terminating their merger agreement weeks after losing a federal antitrust lawsuit that challenged the deal. A federal judge blocked the attempted merger in January after the Justice…
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A year after Silicon Valley Bank failed, another regional lender flashes warning signs
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Regional lender New York Community Bank finds itself in an apparently worsening predicament, just as the anniversary of last year’s banking turmoil nears. Shares of the troubled lender plunged 25% Friday to below $4 apiece…
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Walmart-linked Green Dot Bank receives proposed Federal Reserve order over allegedly faulty consumer practices
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Green Dot Bank, best known for partnering with Walmart to provide basic digital banking services to customers, said it has received a proposed consent order from the Federal Reserve over…
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GM expands North America recall for potentially faulty tailgates to 820,000 trucks
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General Motors has expanded an earlier recall of its trucks over a faulty tailgate to include 820,000 vehicles sold in the U.S. and Canada. In a recent letter posted on…
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Chrysler recalling 338,000 Jeep Grand Cherokees over potentially faulty steering part
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Chrysler is recalling more than 338,000 recent-model Jeep Grand Cherokees because they may have faulty steering components. In a letter posted Tuesday on the National Highway Traffic Safety Administration’s website,…
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Forget a new bathroom, just fix the faucet: Consumers take a break from home renovations
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Households are hitting pause on their tub-to-shower conversion plans and buying new shower curtains instead. After a pandemic-era renovation craze, the nation’s two largest home improvement retailers say customers are…
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Kellogg CEO faces backlash for suggesting people eat ‘cereal for dinner’ to save money
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WK Kellogg CEO Gary Pilnick’s cost-saving suggestion of eating cereal for dinner has yet to win over consumers who are feeling the strain of grocery prices. Pilnick posed buying cereal for…