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Categories Business

TD Bank pleads guilty in money laundering case, will pay $3 billion in penalties

Author October 10, 2024

TD Bank pleaded guilty Thursday to multiple criminal charges and agreed to pay a whopping $3 billion in fines and other penalties to

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Categories Business

DOJ and FTC warn consumers of fraud and price gouging risks ahead of Hurricane Milton

Author October 10, 2024

As Hurricane Milton approached landfall in western Florida on Wednesday, the Biden administration warned consumers and businesses of the heightened risk of potential fraud,

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Categories Business

Boeing withdraws contract offer after talks with union end without a deal

Author October 10, 2024

Boeing withdrew a contract offer for 33,000 machinists who have been on strike since mid-September, and said further negotiations “do not make sense

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Categories Business

GM ditching ‘Ultium’ name for batteries and tech amid EV changes

Author October 10, 2024

DETROIT — General Motors will drop the name “Ultium” for its electric vehicle batteries and supporting technologies after spending years promoting the brand as

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Categories Business

Amazon same-day prescription delivery expanding to nearly half of U.S. in 2025

Author October 9, 2024

Amazon plans to bring same-day prescription delivery to 20 more cities next year, the company said Wednesday, marking the latest phase of its

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Categories Business

Walmart-owned Sam’s Club tests a future without checkout lines

Author October 9, 2024

GRAPEVINE, Texas — When shoppers walk into Sam’s Club’s newest store, they’ll soon see a shiny blue Mercedes-Benz SUV, a sectional sofa

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Categories Business

Hurricane Milton could reduce Disney earnings, Goldman says

Author October 9, 2024

Projected park closures and disruptions from Hurricane Milton could cut into Walt Disney’s earnings, according to Goldman Sachs analysts. The firm estimated Tuesday that

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Categories Business

Shares of generator maker soar, insurance stocks fall as Hurricane Milton intensifies

Author October 8, 2024

Shares of backup power generation company Generac Holdings surged more than 7% on Monday as Hurricane Milton rapidly strengthened into a Category 5 storm. Hurricane Milton is

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Categories Business

As Apple enters AI race, iPhone maker turns to its army of developers for an edge

Author October 7, 2024

As Apple prepares Apple Intelligence to jump into Silicon Valley’s AI race, it’s relying on one of its strongest advantages: Its army of 34

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Categories Business

CVS is under pressure and considering a breakup. Here’s why that could be risky.

Author October 6, 2024

It’s time for a wellness check at CVS Health. Shares of the company are down more than 20% this year as it grapples with higher-than-expected

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