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20d ago

DOJ accuses Visa of debit monopoly that affects price of 'nearly everything'

“We allege that Visa has unlawfully amassed the power to extract fees that far exceed what it could charge in a competitive market,” Attorney General Merrick Garland said.
Visa credit cards
Visa credit cards
21d ago

Trump's 10% credit card interest cap could hurt borrowers, experts say

The Trump campaign has yet to provide details of how the proposed cap would work.
Donald Trump.
Donald Trump.

A Miami steakhouse server's secret to making ends meet in one of America's least affordable markets

A large share of South Florida residents rely on local connections to navigate a metro known for its high cost of living.
Photo collage of slip of paper that reads "Guest Check" next to an image of a smiling woman at a restaurant table alongside an illustration of the state shape of Florida
Photo collage of slip of paper that reads "Guest Check" next to an image of a smiling woman at a restaurant table alongside an illustration of the state shape of Florida

Federal Trade Commission accuses three drug middlemen of inflating insulin prices

In a lawsuit, the FTC accused Optum Rx, Caremark and Express Scripts of creating "a broken rebate system that inflated insulin drug prices, boosting PBM (prescription drug benefit managers) profits at the expense of vulnerable patients."
FTC Chief Says He's Willing To Break Up Big Tech Companies
FTC Chief Says He's Willing To Break Up Big Tech Companies
26d ago

Yes, social media apps are spying on you, FTC confirms

The FTC report looked at Amazon, Facebook, YouTube, Twitter, Snap, ByteDance, Discord, Reddit and WhatsApp.
Federal Trade Commission building.
Federal Trade Commission building.
27d ago

Home Depot to pay nearly $2 million to settle suit alleging it overcharged shoppers

A lawsuit brought by prosecutors in six California counties alleged stores sometimes used regular prices for items on sale.
A Home Depot store in San Rafael, Calif.
A Home Depot store in San Rafael, Calif.
28d ago

FDIC announces rule forcing banks to keep fintech customer data in aftermath of Synapse debacle

Enhanced records would help bankruptcy courts determine who is owed what when firms become insolvent.
A person uses her phone to log into computer.
A person uses her phone to log into computer.
31d ago

Shein and Temu prices are set to get a lot higher as Biden takes aim at retailers linked to China

The companies, known for their $5 T-shirts and $10 sweaters, could see prices rise by at least 20%.
A woman holds a Shein shopping bag
A woman holds a Shein shopping bag
32d ago

Here's what the Boeing strike might mean for flyers

If the strike drags on, airlines may not be able to meet demand for next summer's peak travel season.
Boeing Workers Strike
Boeing Workers Strike
32d ago

As summer ends, concern about utility aid remains red-hot

Many Americans are stuck without help on their utilities as Congress debates its next spending bill with a deadline rapidly approaching.
Northeastern US To Swelter In First Heat Wave Of The Season
Northeastern US To Swelter In First Heat Wave Of The Season
33d ago

McDonald’s to extend $5 value meal offer into December in most U.S. markets

Franchisees have been voting on extending the value meal in their local markets, and roughly 80% of local markets have opted to extend the deal into December. 
McDonald's $5 Value Meal Intensifies a Fast Food Price War
McDonald's $5 Value Meal Intensifies a Fast Food Price War

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