American Express will pay a total of about $230 million to resolve federal wire fraud investigations, and to settle civil allegations of deceptive marketing, the company said Thursday. The tally includes…
Jensen Huang may have burst the quantum computing bubble when he said it would take over 15 years for quantum computers to gain widespread use. And yet four quantum computing…
Target says its holiday sales were better than expected — but its profits weren’t
Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days known for deep discounts. The big-box retailer now…
There have been rumblings of “the return of small caps” for many moons, but small cap leadership has still not materialized as we kick off the new year. Today we’ll…
Capital One acknowledges ‘outage’ as users report issues accessing deposits
Capital One said an unspecified technical issue was hampering customer account access, as some users reported issues with direct deposits. In response to complaints on social media platform X, a…
Biden administration seeks to avoid default crisis for student loan borrowers as garnishments resume
This year, for the first time in roughly five years, borrowers who have defaulted on their federal student loan debt will face collection activity, including the garnishment of their wages and retirement benefits.…
Numerous Citibank customers reported receiving fraud alerts and having difficulty accessing their accounts Wednesday. According to DownDetector.com, which tracks reports of digital services interruptions, hundreds of Citibank users had flagged…
JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank in U.S. history. Here’s what the company reported:…
The Financial Sector’s Bullish Comeback: Is It Time to Start Looking at Bank Stocks?
One effective way to spot potential market opportunities on a sector level is to regularly monitor Bullish Percent Index (BPI) readings for each sector. Sector-focused BPIs tell you the percentage…
Disney wins the 2024 box office as year-end receipts offer a welcome boost
Foul-mouthed superheroes and family-friendly fare propped up the domestic box office during the final months of 2024. Full-year ticket sales were down just 3.4% from 2023, reaching $8.74 billion, a…