A U.S. consumer watchdog filed a lawsuit against Capital One alleging it misled customers about high-interest account options and "cheated" consumers out of more than $2 billion in interest payments. On Tuesday, the Consumer Financial Protection Bureau (CFPB) filed a complaint against Capital One, citing its failure to deliver on its promises, and its handling of its "360 … [Read more...] about Capital One Sued for Allegedly Cheating Customers Out of $2 Billion, US Watchdog Claims
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SEC Sues Elon Musk: Allegations of Withholding Key Info That Cost Twitter Investors Millions
The Securities and Exchange Commission filed a lawsuit on Tuesday against Elon Musk. It alleged that the X owner had misled investors about his Twitter stock purchase in 2022. The lawsuit alleges Musk violated federal security laws by purchasing shares of Twitter for artificially low prices before his $44 billion acquisition of the social media website. Musk called the SEC a … [Read more...] about SEC Sues Elon Musk: Allegations of Withholding Key Info That Cost Twitter Investors Millions
Macy’s Announces Closure of 66 Stores Nationwide
Macy's, a department store operator, announced Thursday that it would close 66 stores as part of its strategy. The company announced that it would invest in 350 Macy's "go-forwards" across the nation through fiscal 2026. Closures follow months of the company's announcement that it would close 150 "underproductive stores" over three years as it attempts to recover from a … [Read more...] about Macy’s Announces Closure of 66 Stores Nationwide
Trump Requests Supreme Court Delay on TikTok Sale Deadline
The Supreme Court will hear oral arguments on the future of TikTok in two weeks. Donald Trump, the President-elect Donald Trump, has asked that the deadline to sell the app be Jan. 19, or risk a ban from the U.S. In an amicus brief, Trump's nominee for solicitor general John Sauer asks the court to grant the stay to delay the deadline, so that the incoming President can … [Read more...] about Trump Requests Supreme Court Delay on TikTok Sale Deadline