Capital One headquarters in McLean, Virginia on February 20, 2024. Brendan Smialowski | AFP | Getty Images The Consumer Financial Protection Bureau announced Tuesday that it was suing Capital One for misleading consumers about their savings account interest rates and “cheating” them out of more than $2 billion in interest. The agency said in a […]
Jose Luis Pelaez Inc | Digitalvision | Getty Images The health sector holds many of the best job opportunities for workers in 2025, due to factors like high labor demand and pay, according to a new ranking from job search site Indeed. Health care roles account for six of the top 25 jobs for 2025, […]
Daniel Pinto, president and chief operating officer of JPMorgan Chase, speaks during the Semafor 2024 World Economy Summit in Washington, DC, on April 18, 2024. Saul Loeb | AFP | Getty Images JPMorgan Chase said Tuesday that Chief Operating Officer and President Daniel Pinto will step down from those roles in the coming months, elevating […]
Check out the companies making headlines in premarket trading. Technology stocks — The group that was under pressure in Monday’s session bounced before the bell, trying to regain some of the lost ground. Nvidia and Palantir climbed more than 1% in Tuesday premarket trading, while AppLovin gained 0.7%. The three names were among the best […]
“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023. Jakub Porzycki | NurPhoto | Getty Images Klarna has agreed a major new distribution partnership with fellow fintech unicorn Stripe, in a bid to expand reach and add more merchants in the lead-up to its upcoming listing in the U.S. Klarna’s buy now, […]
New electric vehicles destined for Belgium at a port in Taicang city in eastern China’s Jiangsu province on Jan. 11, 2025. Future Publishing | Future Publishing | Getty Images BEIJING — China’s electric car market is headed for a sharp slowdown in 2025, according to analyst predictions, increasing pressure on companies trying to survive. Sales […]
Check out the companies making headlines in midday trading. Quantum stocks — Quantum computing stocks dropped after Meta Platforms CEO Mark Zuckerberg became the latest high-profile executive to ease expectations for the technology. Rigetti Computing dropped 27%, while D-Wave Quantum shed 32%. The Defiance Quantum & AI ETF lost 2.5%. Nvidia , chip stocks — […]
Cliff Asness. Chris Goodney | Bloomberg | Getty Images Cliff Asness, co-founder of AQR Capital Management, believes bitcoin is in a speculative bubble after the cryptocurrency’s swift rally carried it above $100,000 following the November presidential election. “I’m on the bubble side, on net,” Asness said on CNBC’s “Money Movers” Monday. “To move me off […]
Workers dismantling a mattress. Thomas Lohnes | Getty Images News | Getty Images Consumers in a handful of states are paying to help make the mattress industry more eco-friendly — and more states may follow suit? Four states — California, Connecticut, Oregon and Rhode Island — now levy a flat fee on any mattress or […]
Check out the companies making headlines before the bell. Quantum stocks — Quantum stocks tumbled on Monday morning, following comments from Mark Zuckerberg echoing Nvidia CEO Jensen Huang that quantum is at least a decade away from being a “useful paradigm.” Zuckerberg made the comments on a Friday episode of the “Joe Rogan Experience.” Shares […]