Some customers of the failed cryptocurrency exchange FTX could receive the full value of the money they lost if a court approves the company’s bankruptcy plan. However, they will not…
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Business
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Mortgage rates are significantly higher than they were at the start of this year, but they pulled back slightly last week after several weeks of straight increases. That was enough…
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Applebee’s and IHOP owner Dine Brands thinks its deals can lure away fast-food customers who have grown frustrated with menu prices. As consumers pull back their restaurant spending, Applebee’s and IHOP are fighting against…
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Business
Ascension Health, largest Catholic hospital chain in the U.S., hit by cyberattack, disrupting patient care
by adminAscension Health, the nation’s largest chain of Catholic hospitals, said Thursday it was responding to a cyberattack that was disrupting its operations. In a press release on its website, Ascension…
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LONDON — The Bank of England on Thursday announced a widely expected hold on interest rates as it said restrictive monetary policy was taming inflation, but warned a June rate…
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Business
CFPB rule to save Americans $10 billion a year in late fees faces possible last-minute freeze
by adminA Consumer Financial Protection Bureau regulation that promised to save Americans billions of dollars in late fees on credit cards faces a last-ditch effort to stave off its implementation. Led by the U.S. Chamber of Commerce, the…
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Business
Hyundai and Kia unit settles U.S. charges it repossessed service members’ vehicles
by adminHyundai’s and Kia’s American financing arm will pay $334,941 to settle charges it illegally repossessed vehicles belonging to military service members, the U.S. Department of Justice said on Wednesday. According to papers…
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Disney will release no more than three Marvel films and up to two Disney+ shows each year as it works to place more focus on quality output. CEO Bob Iger made…
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Business
Biden administration orders online banker Chime to pay $4.55 million over delayed refunds to customers
by adminThe Biden administration has told the online banking group Chime it must pay $4.55 million for failing to issue refunds in a timely manner to customers who had closed their…
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Business
The great wealth transfer has started — but millennials, Gen Z may not inherit as much as they anticipate
by adminThere’s a massive wealth transfer underway. “It has started and it’s only going to accelerate,” said Liz Koehler, head of advisor engagement for BlackRock’s wealth advisory business. Baby boomers are set to pass more…