Collapse of fintech firm with 10M users leaves many Americans without access to their money
A dispute between a fintech startup and its banking partners has ensnared potentially millions of Americans, leaving them without access to their money for nearly two weeks, according to recent court documents. Since last year, Synapse — an Andreessen Horowitz-backed startup that serves as a
Target, McDonald’s and others are offering value as they lose ground with bargain hunters
Target’s weak quarterly earnings underscored why it cut prices on thousands of household staples: it’s struggling to win over bargain hunters. The discounter is not alone. Target’s first-quarter results on Wednesday not only show American consumers are more selective about spending after sustained inflation squeezed
Most Americans falsely think the U.S. is in recession, poll shows
More than half of Americans think that the United States is in an economic recession, although gross domestic product has been increasing for the past several years. According to a new Guardian/Harris poll, 56% of respondents said they believe the U.S. is in a recession and 58% say
Frontier CEO urges crackdown on ‘rampant abuse’ of airport wheelchair service
The 1986 Air Carrier Access Act requires airlines to provide a wheelchair to passengers with disabilities at the airport. The problem: Many travelers are faking it, Frontier Airlines CEO Barry Biffle says. “There is massive, rampant abuse of special services. There are people
Palm Beach housekeepers are making $150,000 a year due to massive demand from the wealthy
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Housekeepers in Palm Beach and South Florida
Dow falls 600 points in worst day of 2024 as Nvidia’s blockbuster earnings fail to lift broader market
Stocks fell Thursday, with the Dow Jones Industrial Average registering its worst day of 2024, as a post-earnings rally in Nvidia failed to lift the broader market. The 30-stock Dow slid 605.78 points, or 1.53% for its worst session of the year. Boeing was the biggest
‘It is time to break up Live Nation’: DOJ sues Ticketmaster parent over alleged monopoly
The Justice Department filed a lawsuit Thursday seeking to break up Live Nation, the parent company of Ticketmaster, alleging it has hurt consumers and violated antitrust laws by exercising outsize control over the live events industry. The suit, filed in the
Nvidia Reports Record Q1 Revenue of $26 Billion, Up 262%
Nvidia Reports Record Q1 Revenue of $26 Billion, Up 262% Quick Look: Earnings Beat: Nvidia surpassed Wall Street forecasts, prompting analysts to raise price targets; Skeptical View: Rob Arnott of Research Affiliates warns that increasing competition may challenge Nvidia’s dominance; AI Demand: Nvidia’s growth
Russia’s 2024 Anti-Satellite Weapon and Baltic Expansion
Russia’s 2024 Anti-Satellite Weapon and Baltic Expansion In a world where geopolitical strategies constantly evolve, recent events involving Russia highlight the dynamic interplay of power on both terrestrial and extraterrestrial fronts. Notably, two significant developments in May 2024 have underscored this
Solana Price Prediction as ETF Rumors Emerge – Is $10,000 SOL Possible?
The Solana price has dropped by 8% in the past 24 hours, falling to $163.28 on a day when the cryptocurrency market as a whole has lost 4%. These declines follow the news that the SEC has approved eight spot-based Ethereum