Vindicated by Court, CFPB Director Chopra says bureau will add staff, consider new rules on banks
Since its creation roughly 14 years ago, the Consumer Financial Protection Bureau has faced lawsuits, political and legal challenges to the idea of whether the Federal Governmentโs aggressive consumer financial watchdog agency should be allowed exist at all.
UK watchdog decides not to investigate Microsoft's AI partnership with France's Mistral
British regulators say they donโt need to open a competition investigation into Microsoftโs partnership with French artificial intelligence company Mistral, a month after asking for industry feedback on the deal.
NRA kicks off annual meeting as board considers successor to longtime leader Wayne LaPierre
The National Rifle Association is kicking off its annual meeting in downtown Dallas, gathering for the first time in decades without Wayne LaPierre at the helm as board members prepare to elect his replacement.
Justice Dept. makes arrests in North Korean identity theft scheme involving thousands of IT workers
The Justice Department has announced multiple arrests in a series of complex stolen identity theft cases that officials say are part of a wide-ranging scheme that generates enormous proceeds for the North Korean government, including for its weapons program.
FDIC chair is grilled on Capitol Hill after report outlines agency's toxic workplace culture
Federal Deposit Insurance Corp. Chairman Martin Gruenberg is sitting for a second day of grilling on Capitol Hill, this time at the Senate Banking Committee, after a damning report about the agencyโs toxic workplace culture was released last week.
Deere Q2 results top Street but it cuts 2024 profit outlook again as farmers buy fewer tractors
Deereโs fiscal second-quarter results beat Wall Streetโs expectations, but the company lowered its full-year profit forecast for a second time as farmers buy fewer tractors and other equipment as they deal with declining prices for their crops.
The larger the nonprofit, the more likely it is run by a white man, says new Candid diversity report
White men are most likely to lead the largest, best-funded nonprofits, while women of color tend to lead the organizations with the fewest financial resources, according to a study from the nonprofit data research organization Candid released Thursday.
Facebook and Instagram face fresh EU digital scrutiny over child safety measures
The European Union opened fresh investigations into Facebook and Instagram over suspicions that theyโre failing to protect children online, in violation of the blocโs strict digital regulations for social media platforms.
Yemeni security forces deploy in Aden as anger simmers over lengthy power outages
Yemeni authorities have deployed security forces and armored vehicles across the port city of Aden, in preparation for the latest in a series of protests over hours-long electricity outages caused by a shortage of fuel for power stations.
Changes from Visa mean Americans will carry fewer physical credit, debit cards in their wallets
Visa has announced major changes to how its credit and debit cards will operate in the U.S. Features in the works will lead to Americans to carry fewer physical cards in their wallets and make the 16-digit credit or debit card number printed on every physical card increasingly irrelevant.
Walmart lays off hundreds of employees and requires others to relocate
Walmart on Tuesday announced layoffs affecting several hundred jobs at the retail giant's campus offices and said it will be requiring most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to office hubs in Bentonville, Arkansas; Hoboken, New Jersey; and the San Francisco Bay Area.
US inflation eased last month in the first slowdown of 2024
Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Bidenโs re-election team.
US suggests possibility of penalties if production of Chinese electric vehicles moves to Mexico
The Biden administration is suggesting the possibility that new penalties could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes.
Fed's Powell downplays potential for a rate hike despite higher price pressures
Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again.
New Builders initiative looks to fight polarization by encouraging collaboration and alliances
A coalition that includes entrepreneur and philanthropist Daniel Lubetzky, actor Liev Schreiber, journalist Katie Couric, and director of the Muhammad Ali Center Lonnie Ali announced Tuesday that it would launch Builders, a nonprofit global initiative aimed at reducing polarization while encouraging people to work together to find solutions they can all support.
Home Depot's sales continue to soften in 2024 as inflation, delayed start to spring weigh on sales
Home Depotโs sales continued to soften in the first quarter as the nationโs largest home improvement retailer not only was constrained by high mortgage rates and customers dealing with inflation concerns, but it also had to deal with a delayed start to spring.
Australian judge says it is unreasonable to require X to hide video of church stabbing for all users
An Australian judge says it would be unreasonable for the countryโs internet safety watchdog to require social platform X to hide video of a bishop being stabbed in a Sydney church from all of its users around the world.
Biden blocks Chinese-backed crypto mining firm from land ownership near Wyoming missile base
President Joe Biden on Monday issued an order blocking a Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base, calling its proximity to the base a โnational security risk.โ.