The Biden administration, in an effort to abolish what it has labeled junk fees, unveiled a regulation on Tuesday capping all credit card late fees. According to regulators, this will save Americans as much as $10 billion annually.

Mar 06, 2024 12:40 AM EST

Though interest in gold investment has grown dramatically in the past year, investors have always prized the precious metal for the special advantages it provides.

Mar 05, 2024 09:15 AM EST

After the rally paused over the weekend, Bitcoin surged to start the week, moving even closer to its all-time high.

Mar 05, 2024 07:26 AM EST

Apple was fined almost $2 billion by the European Union on Monday for violating the bloc's competition regulations by preferring its own music streaming service over rivals'. This was the EU's first antitrust penalty against the American tech giant.

Mar 05, 2024 04:50 AM EST

Following a tumultuous trading day, the S&P 500 ended the week marginally down as investors paused in anticipation of Fed Chair Jerome Powell's congressional appearance and economic data.

Mar 05, 2024 03:59 AM EST

Spirit Airlines and JetBlue Airways are calling off their planned $3.8 billion merger, citing concerns that it will harm customers who rely on Spirit's more affordable flights, after a federal judge's decision to ban the agreement.

Mar 05, 2024 12:14 AM EST

With a 9% year-to-date rise and a growing market value above $100 billion, cryptocurrency stablecoin Tether has surpassed its next-largest rival, USD Coin.

Mar 04, 2024 09:34 AM EST

For the first time in over four months, US crude oil futures approached $80 a barrel as indications of a tighter market before an OPEC+ decision on production cuts.

Mar 04, 2024 07:22 AM EST

The impact of rising interest rates, which make it more costly to carry credit card debt or purchase homes and vehicles, is well known to Americans.

Mar 04, 2024 04:10 AM EST

A real estate-focused investment group called Arkhouse Management announced on Sunday that it and Brigade Capital Management had increased their bid for Macy's following the department store chain's rejection of their previous offer as being too low.

Mar 04, 2024 03:16 AM EST

The presiding judge has been requested by the attorneys who prevailed in their argument that Tesla CEO Elon Musk's enormous compensation package was unlawful and ought to be revoked to award them $5.6 billion in company shares as legal costs.

Mar 04, 2024 12:41 AM EST

Recent years have seen a shift in the composition of buyers of U.S. Treasurys, with significant players such as China, Japan, and the Federal Reserve witnessing reductions in their holdings. This change could have far-reaching implications for the U.S. economy.

Mar 01, 2024 08:10 AM EST

The Internal Revenue Service said on Thursday that it will reactivate a non-filer enforcement program that had been dormant for years due to previous budget cuts, and it will take tough measures against high-income earners who have failed to file tax returns in 125,000 cases since 2017.

Mar 01, 2024 07:22 AM EST

The Federal Reserve's preferred inflation index climbed in January, which is the most recent indication that the U.S. consumer price increase deceleration is happening unevenly month to month.

Mar 01, 2024 12:10 AM EST

Gemini, a cryptocurrency exchange, and the New York State Department of Financial Services (NYDFS) have come to an agreement wherein Gemini would reimburse clients of the Gemini Earn Program with a minimum of $1.1 billion via the Genesis bankruptcy case.

Feb 29, 2024 07:10 AM EST