Capital One acknowledges ‘outage’ as users report issues accessing deposits
Capital One said an unspecified technical issue was hampering customer account access, as some users reported issues with direct deposits....
Economy
Biden administration seeks to avoid default crisis for student loan borrowers as garnishments resume
This year, for the first time in roughly five years, borrowers who have defaulted on their federal student loan debt...
Citibank customers report fraud alerts and account access issues
Numerous Citibank customers reported receiving fraud alerts and having difficulty accessing their accounts Wednesday. According to DownDetector.com, which tracks reports...
JPMorgan Chase posts record profit as the bank’s massive scale pays off
JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most...
Disney wins the 2024 box office as year-end receipts offer a welcome boost
Foul-mouthed superheroes and family-friendly fare propped up the domestic box office during the final months of 2024. Full-year ticket sales...
There’s been a ‘meaningful shift’ in CEO confidence since Trump’s election, says Goldman’s Solomon
The election of Donald Trump in November and a swing back to Republican power in Washington is already starting to make an...
Meta announces 5% cuts in preparation for ‘intense year.’ Read the internal memo.
Meta is set to cut about 5% of its workforce, focusing on the company’s lowest-performing staffers, CNBC confirmed Tuesday. CEO Mark Zuckerberg informed...
USDA documented insects and slime at Boar’s Head plants, records show
Government inspectors documented unsanitary conditions at several Boar’s Head deli meat plants, not just the factory that was shut down last year...
Southwest Airlines pauses corporate hiring, most summer internships to cut costs
Southwest Airlines is pausing corporate hiring and promotions, suspending most of its summer internships and going without some employee team-building events...
Boeing delivered 30 airplanes in December, but gap with Airbus widened in 2024
Boeing handed over 348 airplanes in 2024, about a third fewer than it did a year earlier as the aerospace giant struggled with...
