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7h ago

Walmart CEO: American households are seeing prices 'stabilizing' but there's more pain ahead

In some categories, double-digit inflation will be "around for a while," Doug McMillon said Tuesday.
A shopper leaves a Walmart in Wilmington, Del.
A shopper leaves a Walmart in Wilmington, Del.
15h ago

Silvergate's ties to FTX and Sam Bankman-Fried entities draw Senate scrutiny

Silvergate is one of the few U.S. banks that let customers move dollars onto crypto exchanges. FTX and related firms, like Alameda Research, had 20 Silvergate accounts.
Slivergate CEO Alan Lane, second from right, rings the New York Stock Exchange opening bell before his bank's IPO begins trading
Slivergate CEO Alan Lane, second from right, rings the New York Stock Exchange opening bell before his bank's IPO begins trading
1d ago

How to know if your government identification card complies with REAL ID standards

Do you have a REAL ID? The Department of Homeland Security announced it was extending its compliance deadline in response to the pandemic.
Travelers wait to go through security at O'Hare International Airport in Chicago on Nov. 23, 2022.
Travelers wait to go through security at O'Hare International Airport in Chicago on Nov. 23, 2022.
1d ago

Hertz will pay $168 million to settle hundreds of false car theft claims

The complaints caused police to pull over innocent customers on suspicion of driving stolen vehicles.
Rental vehicles parked outside a Hertz car rental office in Denver.
Rental vehicles parked outside a Hertz car rental office in Denver.
4d ago

European Union agrees to a $60-per-barrel price cap on Russian oil

The $60 figure sets the cap near the current price of Russia’s crude, which recently fell below $60 a barrel. Some criticize that as not low enough to cut into one of Russia’s main sources of income.
An oil tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia, on Oct. 11, 2022, one of the largest facilities for oil and petroleum products in southern Russia.
An oil tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia, on Oct. 11, 2022, one of the largest facilities for oil and petroleum products in southern Russia.
4d ago

DeSantis denies report of 'U-Turn' on Disney's special governing district

Reports emerged that state lawmakers could reconsider their decision to dissolve Disney's Reedy Creek after Bob Iger's return as CEO.
Crowds pack and fill Main Street  at Walt Disney World in Orange County, Fla., on June 1, 2022.
Crowds pack and fill Main Street  at Walt Disney World in Orange County, Fla., on June 1, 2022.
4d ago

Why your 2023 tax refund might be smaller than this year's

The average income tax refund jumped to $3,253 in 2022, up from $2,863 last year.
IRS 1040 Individual Income Tax forms.
IRS 1040 Individual Income Tax forms.
4d ago

U.S. economy added 263,000 jobs in November, more than expected despite Fed rate hikes

The payrolls number was well above the 200,000 estimate, while the unemployment rate was in line.
Citigroup Headquarters Amid Planned 500-Person Hiring Spree In Wealth Unit
Citigroup Headquarters Amid Planned 500-Person Hiring Spree In Wealth Unit
5d ago

The era of cheap money is over. How debt is hitting home for consumers as interest rates soar

Analysts say many other U.S. consumers remain in good financial shape, thanks mostly to low unemployment.
A Kroger supermarket on Oct. 14, 2022, in Atlanta.
A Kroger supermarket on Oct. 14, 2022, in Atlanta.
5d ago

Elon Musk is alienating one of Twitter's most valuable assets: Black influencers

His recent tweets and content policies have rattled prominent members of a community that has historically had an outsize presence on the platform, and some are now defecting.
Elon Musk
Elon Musk
5d ago

Executives at 'fintechs' made hundreds of millions handing out PPP Covid cash, report says

The report says smaller PPP loan applicants were disdained by one fintech, with staff writing, “delete them” and “Who f------ cares.”
 In 2021, the Spencers bought an $8 million mansion.
 In 2021, the Spencers bought an $8 million mansion.