Economy
‘People are stretched’: Average consumer now carries $6,329 in credit card debt
Credit card debt is on the rise. Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New...
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Costco cracks down on sharing membership cards
The days of sneaking into Costco with someone else’s card are coming to an end. The retailer is cracking down...
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Costco cracks down on membership card sharing
The days of sneaking into Costco with someone else’s card are coming to an end. The retailer is cracking down...
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Why ‘wardrobing’ retail fraud soars in the summer
A particular type of retail fraud soars during the summer season. “Wardrobing,” in which a shopper buys an expensive item,...
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Stocks fall as comeback rally falters; Dow lower by 100 points
Stocks slipped into the red as markets closed Wednesday, losing gains from earlier in the day as Wall Street failed...
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NTSB grills Boeing execs on safety culture and retaliation allegations
Members of the main U.S. transportation regulator grilled Boeing executives Wednesday over the company’s workplace safety culture and allegations of...
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In a reversal, Disney’s media assets are starting to generate more excitement than its parks
Here’s a surprise: Disney’s media business isn’t weighing down the company anymore. The primary Disney investor narrative since 2022 has been...
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Google’s antitrust ruling has experts looking to 25-year-old Microsoft case for answers
In ruling Monday that Google has held a monopoly in internet search, U.S. judge Amit Mehta invoked the company at the center...
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Markets are counting on the Fed to head off recession with sizable interest rate cuts
In the market’s eyes, the Federal Reserve finds itself either poised to head off a recession or doomed to repeat...
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Microsoft fires back at Delta after massive outage, says airline declined ‘repeated’ offers for help
Microsoft fired back at Delta Air Lines on Tuesday accusing the carrier of not modernizing its technology before it canceled thousands of flights in the...
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