Bank of America, $BAC, secretly opened credit card accounts in customer names, double charged overdraft fees, and withheld promised perks from users

Federal regulators announced on Tuesday that Bank of America had failed to deliver promised benefits to certain credit card customers, charged them excessive overdraft fees, and secretly opened credit card accounts in their names without their knowledge or consent. The Office of the Comptroller of the Currency and the Consumer

metlife investment management

MetLife Investment Management says 40% of single-family rentals in the US by 2030 could be owned by institutional investors

Per CNBC MetLife Investment Management said that come 2030, 40% of single-family rentals in the US could be owned by institutional investors. This was according to MetLife Investment MAnagement's 2022 forecast. The estimation is that by 2030, at least 40% of single-family rentals, or about 7.

Elon Musk

Elon Musk says self-driving Tesla cars will arrive this year in 2023

Per Forbes After previously mentioning several times that Tesla would be launching its self-driving cars. Elon Musk has once again said that the self-driving Teslas would arrive this year in 2023. This came while Musk was speaking via a video link at a Shanghai artificial intelligence conference. During

wedbush

Wedbush says Microsoft could reach $3 trillion in market capitalization by 2024

Per Barron's Wedbush has given its expectations on Microsoft, saying that its stock could potentially reach $3 trillion in market capitalization by 2024. This comes as analyst Dan Ives believes that monetizatio of AI could drive the stock higher. Ives: “In this ‘Game of Thrones’ battle for AI

BREAKING: Microsoft has won a US court nod to buy Activision, in a loss for the FTC

Microsoft Corporation has received court approval to proceed with its acquisition of Activision Blizzard Inc., valued at $69 billion. This decision comes after the US Federal Trade Commission's attempt to block the largest-ever gaming deal was defeated. Judge Jacqueline Scott Corley's ruling in San Francisco

Apple

Apple AirPods earbuds to get hearing health and body-temp features

Per Bloomberg The Apple AirPods earbuds are getting new features as the company is exploring healing health and body-temp features. On top of this, the company is also entertaining the plan to use USB-C charging ports for its more affordable models. The product is also expected to be

google

Google privacy policy update reveals it'll get everything people post online for AI

Per Gizmodo Google has released a new privacy policy update, and with it, the platform announced that it'll scrape everything people post online for its AI tools. Here's what the new Google privacy policy says. “Google uses information to improve our services and to develop new

instagram

Instagram's Adam Mosseri says there's no room for politics and news on Threads since it isn't worth the headaches that these topics come with

Adam Mosseri, the head of Instagram, has commented regarding Threads and how they didn't envision it to be the newest competitor of Twitter. He also tackled the topic of politics, clarifying as to whether they were welcome on the platform. Mosseri gave a statement clarifying that although politics

citadel

Citadel interns earn a minimum wage of $120 hourly after a 25% increase

Per Bloomberg Citadel is paying its interns $120 hourly after it bumped its minimum wage by 25%. This results in interns being paid $19,200 a month for 40-hour work weeks. This comes as the finance industry is trying to attract younger talent while the tech laytoffs increase. Levels.

Ukraine will be part of NATO, Zelenskiy has said

Per the Guardian: Ukraine will be part of Nato, Zelenskiy said in his nightly address on Monday, and he expects to see an “algorithm” for Kyiv’s pathway to officially joining to emerge from the summit. “We are still working on the wording, that is, on the specific words of

The 30 year mortgage rate has hit a new decade high at 7.38%

The 30 year mortgage rate has hit a new decade high at 7.38%, up 23 bps since last week, per BankRate> Mortgage rates have surged, with the average rate for a 30-year fixed mortgage reaching 7.22%, the highest since early November, last week.. This increase is

30% of Americans say ‘tipping culture is out of control'

The customary practice of tipping has traditionally been associated with sit-down restaurants, food delivery, salons, and similar scenarios. However, in recent years, and especially since the pandemic, more Americans are feeling the pressure to tip in situations like point-of-sale transactions and at drive-thrus. The idea of

It is the least affordable to buy a car ever

The cost of purchasing a car has skyrocketed in recent times, making it increasingly expensive for consumers. Not only have new car prices reached nearly their highest levels ever, but the interest rates for financing a purchase have also surged significantly. Recent reports indicate that fewer affordable new cars are

Judge denies Biden admin's request to lift ban on communication with social media companies

On Monday, a federal judge denied the Biden administration's request to lift his order that restricts communication between the administration and major social media companies. Judge Terry Doughty of the Western District of Louisiana, who was appointed by Donald Trump, determined that the Republican state attorneys general of

cocoa

Cocoa prices reach a seven-year-high, resulting in the price of Chocolate set to become more expensive

Per CNBC The price of Chocolate is expected to get more expensive as cocoa has reached a seven-year high. This comes as the prices of chocolate have already increased by 14% in the past year, according to data from NielsenIQ. Aside from cocoa, sugar also saw a massive increase

shake shack

Shake Shack founder Danny Meyer says tips aren't needed when buying coffee

Per CNBC The founder of Shake Shack, Danny Meyer, went on CNBC's Squawk Box where he gave his thoughts regarding tips. The founder noted that whe buying coffee, tips weren't needed. Meyes: “If you’re just taking out food, and it was just a transaction — I

mcdonald's

McDonald's Indonesia enters the wedding game with a package that includes 100 chicken sandwiches for a little over $200

Per CNBC McDonald's has come a long way from highlighting its kid's packages, and now, in Indonesia, the company will be offering packages for weddings as well. The new package would include 100 chicken sandwiches and would cost $230. The package was called "Wedding Mekdi&

short sellers

Short sellers lost $37 billion in June amid double-digit returns for the S&P 500

Per Bloomberg The S&P 500 has been on a bullish trajectory, and with it, many short sellers are losing big bucks, according to Ortex estimations. In total, it was reported that these short sellers lost $37 billion in June alone. Adam Philips, EP Wealth Advisors managing director of

bud light

Bud Light loses spot on top 10 most popular beers in America per YouGov survey

Per News Week A survey by YouGove determined to find out what were the top ten most popular beers in America from Q2 2022 until Q2 2023. Within that timeframe, they found out that survey answers showed that Bud Light was no longer on the list. This came as competitor

americans

30% of Americans think tipping has gotten out of control, while 2/3rds of Americans had negative views about tipping

Per CNBC Tipping has become a commonplace, especially in the food and hospitality industry, and although it's a culture, a recent survey by Bankrate found that 30% of Americans think that tipping has gotten "out of control." This comes as contactless and digital payment prompts often

sarah silverman

Comedian Sarah Silverman files copyright infringement lawsuits against Meta and OpenAI

Per Reuters Comedian Sarah Silverman is filing lawsuits against both Meta and OpenAI for the lack of consent regarding using her content to train AI language models.  The lawsuit against Meta provided information on how information was used to train the company's artificial intelligence without consent. Sarah Silverman

goldman sachs

Goldman Sachs believes that in 2075, India will surpass the US as the world's second-largest economy

Per CNBC Goldman Sachs says that come 2075, India would become the world's second-largest economy. This comes as the country currently sits behind Germany, Japan, China, and the US in fifth place. Santanu Sengupta, India economist for Goldman Sachs Research, gave a statement regarding the occurrence, saying

Elon Musk has called Mark Zuckerberg a “cuck”

Elon Musk has called Mark Zuckerberg a “cuck”.. Meanwhile, Twitter has taken legal action against the law firm Wachtell, Lipton, Rosen & Katz, which it had engaged to facilitate Elon Musk's acquisition of the company. The social media giant claims that Wachtell inappropriately received a $90 million payout

The US has now destroyed all of its chemical weapons

President Joe Biden announced Friday that the United States has completely destroyed its decades-old stockpiles of chemical weapons, fulfilling a commitment under the 1997 Chemical Weapons Convention. "Today, I am proud to announce that the United States has safely destroyed the final munition in that stockpile -- bringing us

The US has given another $800 million in arms and equipment to Ukraine, including cluster ammunitions banned by 100 other countries.

In a recent development, the United States has announced its intention to provide Ukraine with cluster munitions, which are banned by over 100 countries, as part of an $800 million security package. Ukraine has expressed that this move will have an "extraordinary psycho-emotional impact" on Russian forces.