The Consumer Financial Protection Bureau (CFPB) has made a significant stride toward protecting American consumers by announcing a final rule that curtails the excessive overdraft fees charged by banks. This move is expected to alleviate the financial burden on millions of Americans and is projected to save consumers approximately $5 billion annually. The rule represents
Business
Over the past two decades, Salt Lake City has undergone a remarkable transformation, emerging as a significant hub for technology and entrepreneurship in the United States. This evolution is largely attributed to strategic investments and infrastructure development spurred by the 2002 Winter Olympics, which served as both a catalyst and a foundation for ongoing growth.
In an exciting development for women’s basketball, the startup league Unrivaled has begun to make significant strides, culminating in a groundbreaking partnership with Under Armour. Announced on a recent Tuesday, this multiyear collaboration positions Under Armour as the official uniform partner and performance outfitter for the league. With the inaugural season slated to commence on
Alaska Air Group is strategically positioning itself for significant profit growth, forecasting an impressive $1 billion increase by 2027. This ambitious target is fueled by a surge in high-end travel demand, reflecting broader trends in consumer preferences towards premium services. The airline’s recently finalized $1.9 billion acquisition of Hawaiian Airlines marks a pivotal moment in
In a landmark decision, U.S. District Judge Reed O’Connor has dismissed Boeing’s plea agreement concerning allegations of criminal fraud linked to the catastrophic crashes of its 737 Max aircraft. This ruling underscores the complexities surrounding corporate accountability, especially when it intersects with issues of diversity and equity in the judicial process. The implications of this
In a bold move signaling renewed interest in corporate governance, Barington Capital has publicly disclosed its position in Macy’s Inc., joining forces with Thor Equities to advocate for transformative changes within the storied retailer. This seeks to address persistent performance issues that have plagued Macy’s over the years. Barington’s proposal to cut spending, explore selling
The recent tragic murder of UnitedHealthcare CEO Brian Thompson has left a profound impact on the corporate landscape, reigniting discussions around executive security in an increasingly dangerous environment. This grim event took place during a time when many business leaders routinely walk unaccompanied to investor events, a practice that now calls into question the safety
The Consumer Financial Protection Bureau (CFPB) has initiated legal action against Comerica Bank, a regional financial institution, for its purported mismanagement of a federal benefits program utilizing prepaid debit cards. This program, known as Direct Express, is designed to assist individuals reliant on Social Security and other critical federal benefits, offering them a secure means
In a pivotal move aimed at improving its financial health, JetBlue Airways recently informed its employees of significant operational changes designed to eliminate unprofitable routes and optimize aircraft deployment. As travel patterns continue to evolve in the post-pandemic world, the airline’s decisions reflect a focused effort to restore consistent profitability, pointing to the challenges that
Eli Lilly has recently released promising data regarding its weight loss medication, Zepbound, indicating that it significantly outperforms its primary competitor, Novo Nordisk’s Wegovy, in a head-to-head clinical trial. This trial, which is considered a crucial milestone, showcased that Zepbound enables patients to achieve a remarkable average weight loss of 20.2%—approximately 50 pounds—over a 72-week