News

Capital One’s acquisition has $1.4 billion breakup fee if rival bid emerges, but none if regulators kill deal

Capitol One agreed to purchase rival credit card player Discover for $35.3 billion.

Fed officials expressed caution about lowering rates too quickly at last meeting, minutes show

The Federal Reserve on Wednesday released minutes from its Jan. 30-31 meeting.

Here's why Capital One is buying Discover in the biggest proposed merger of 2024

Capital One is betting that owning a global payments network protects it against a rising tide of fintech and regulatory threats.

UK posts record budget surplus in January

The U.K. logged a £16.7 billion ($21.1 billion) net budget surplus in January, official figures showed, the largest since monthly records began in 1993.

HSBC pre-tax annual profit jumps 78%, misses market estimates

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Barclays posts fourth-quarter net loss, announces £1 billion share buyback

Barclays on Tuesday reported a fourth-quarter net loss of £111 million ($139.8 million) as the British lender delivered its first major strategy update since 2016.

Shopping online at 2 a.m.? That’s a red flag for buy now, pay later lender Affirm

Affirm, run by PayPal co-founder Max Levchin, is among a new breed of fintech lenders competing against credit cards issued by banks.

How to avoid the top scam of 2023: The internet has 'really supercharged' it, expert says

Imposter scams were the most prevalent consumer fraud last year, the Federal Trade Commission said. Criminals dupe victims by posing as a trustworthy source.

Wells Fargo says regulators have lifted a key penalty tied to its 2016 fake accounts scandal

The Office of the Comptroller of the Currency terminated a consent order that forced it to revamp how it sells its retail products and services.

UK economy slipped into technical recession at the end of 2023

The U.K. economy slipped into a deeper-than-expected technical recession in the final quarter of last year, initial figures showed Thursday.

Stocks making the biggest moves midday: Uber, Airbnb, MGM Resorts, Robinhood and more

These are the stocks posting the largest moves in midday trading.

Deflation: Here's where prices fell in January 2024, in one chart

The U.S. economy is seeing some consumer categories deflate, or fall in price. That's largely happening for prices of physical goods.
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