Capital One Is Accused of Cheating Customers Out of $2 Billion
Read more at The New York Times
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Capital One cheated customers out of $2 billion by keeping deposits in lower-yield accounts, CFPB says
The Consumer Financial Protection Bureau is suing Capital One, which it says kept customers in the dark about higher-yielding savings accounts.MarketWatch - 1d -
CFPB sues Capital One for 'cheating' customers out of over $2 billion in interest
The Consumer Financial Protection Bureau announced it was suing Capital One for "cheating" customers out of more than $2 billion in interest.CNBC - 1d -
Nick Suzuki scores in overtime to lift the Canadiens past the Capitals, 3-2
Nick Suzuki scored at 1:15 of overtime to give the surging Montreal Canadiens a 3-2 victory over the Washington Capitals on Friday nightABC News - 5d -
Anthropic in Talks for $2 Billion Funding Round
The financing efforts follow new funding rounds by Elon Musk’s xAI and the market leader, OpenAI, which is now valued at $157 billion.The New York Times - Jan. 8 -
AI Startup Anthropic Plans to Raise $2 Billion at a $60 Billion Valuation
The new funding round, led by Lightspeed Venture Partners, sees the company at more than triple its 2024 valuation of $18 million.Inc. - Jan. 8 -
U.S. accuses one side in Sudan's vicious civil war of genocide
The U.S. government has determined that Sudan's RSF paramilitary force and its allies have committed genocide in the country's raging civil war.CBS News - Jan. 7 -
MicroStrategy’s latest capital-raise plans are for $2 billion of preferred stock to buy more bitcoin
The move is part of the company’s plan to issue $21 billion of equity and $21 billion in fixed-income instruments over the next three years.MarketWatch - Jan. 6 -
Explosive device kills 2 at a school in Nigeria's capital city, police say
Yahoo News - Jan. 6
More from The New York Times
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What to Know About the E.V. Tax Credit That Trump Might Repeal
Rules for a $7,500 tax break for electric vehicle purchases and leases recently changed, but more far-reaching changes are expected when President-elect Donald J. Trump takes office.The New York Times - 3h -
Trump Treasury Pick Scott Bessent to Face Grilling
Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.The New York Times - 3h -
Ramaswamy Has a High-Profile Perch and a Raft of Potential Conflicts
Vivek Ramaswamy, Elon Musk’s partner in an effort to cut government costs, could make decisions that ultimately make him and his investors richer.The New York Times - 15h -
Jeffrey Epstein’s Associates Could Reap Benefit of a Big Tax Refund
The estate’s assets have swelled to $145 million, a probate court filing in the U.S. Virgin Islands shows. Much of that won’t make its way to Mr. Epstein’s victims.The New York Times - 20h -
Economic Toll of Los Angeles Fires Goes Far Beyond Destroyed Homes
The ongoing disaster will affect residents’ health, local industries, public budgets and the cost of housing for years to come.The New York Times - 21h
More in Business
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Jobless claims rise in latest week, boosted by California disaster
Claims up to 217,000 above forecast of 210,000MarketWatch - 3m -
Retail sales point to strong holiday shopping season. U.S. economy starts off 2025 with some momentum.
Retail sales rose at a solid pace in the final month of 2024, capping off a good holiday shopping season and suggesting the economy entered the new year with some momentum.MarketWatch - 4m -
Bargain hunting? This value manager has scooped up Airbnb, an AI-healthcare play and a GE spinoff
Five overlooked stocks that the Oakmark Fund unearthed last year.MarketWatch - 8m -
Year-end bonuses rise — but fewer workers are getting them, report finds
The average end-of-year bonus rose about 2% in 2024, according to an exclusive look at data from Gusto.CNBC - 9m -
Year-end bonuses rise — but fewer workers are getting them, report finds
The average end-of-year bonus rose about 2% in 2024, according to an exclusive look at data from Gusto.CNBC - 9m