Capital One’s $35.3 billion deal to buy Discover is a long way from being completed. But consumer advocates and some lawmakers are already raising questions about how the proposed merger could affect credit-card users —…
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Business
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If you’re checking a bag for an American Airlines flight, expect to pay more. The carrier has announced it is raising its checked bag fee by $10, from $30 to $40, for bags checked at…
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Capital One Financial is set to acquire Discover Financial Services in a $35.3 billion all-stock deal. Under the agreement, Discover shareholders would receive 1.0192 Capital One shares for each Discover share or about a 26% premium from Discover’s Friday…
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Stocks dropped on Tuesday after hotter-than-expected inflation data for January spiked Treasury yields and raised doubts that the Federal Reserve would be able to cut rates several times this year, a key part of the…
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As consumers continue to struggle with persistently high inflation, Target is unveiling a low-price, in-house brand it’s calling dealworthy. Target’s dealworthy products will start at less than $1, with most items coming in under $10,…
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Young adults’ wealth is growing, but they’re still living and spending in the here and now. Many feel they don’t have a choice. The net worth of Americans ages 18-39 surged by 80% from the…
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Business
Federal regulators are probing whether Cash App leaves door open to money launderers, terrorists
Federal financial regulators are exploring allegations by two whistleblowers that Cash App, the popular mobile payment platform, and entities providing transaction services to its users performed inadequate due diligence on customers, potentially opening the door to…
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Stock markets threw a tantrum Tuesday, posting big losses after slightly hotter-than-expected inflation data stoked worries that interest rate cuts may not be coming soon. But don’t freak out. Markets tend to overreact. January’s consumer…
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Stock markets threw a tantrum Tuesday, posting big losses after slightly hotter-than-expected inflation data stoked worries that interest rate cuts may not be coming soon. But don’t freak out. Markets tend to overreact. January’s consumer…
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Business
A rare high-performance Cadillac that once belonged to President Joe Biden is up for auction
A 2018 Cadillac ATS-V Sedan once leased by President Joe Biden has gone up for auction. The car was built as a “one-of-one specification” for Biden while he was out of office after serving as…