Walmart Ends Credit Card Partnership With Capital One

Walmart Ends Credit Card Partnership With Capital One

Walmart and Capital One have ended a partnership that made the banking company the exclusive issuer of the retail chain’s consumer credit cards.

Norfolk Southern Will Pay $15M in Settlement Over Ohio Derailment

Norfolk Southern Will Pay $15M in Settlement Over Ohio Derailment

The federal government agreed to a $15 million fine for Norfolk Southern in the 2023 derailment in East Palestine, Ohio.

Fewer Unemployment Claims Filed Last Week

Fewer Unemployment Claims Filed Last Week

The number of U.S. residents applying for unemployment benefits fell last week, and layoffs remained historically low.

Tesla Begins Construction of Megapack Battery Factory in Shanghai

Tesla Begins Construction of Megapack Battery Factory in Shanghai

Tesla has begun construction of a factory in Shanghai to make its Megapack energy storage batteries, China state media reported Thursday.

Mastercard to Use Artificial Intelligence in Fraud Detection

Mastercard to Use Artificial Intelligence in Fraud Detection

Mastercard said Wednesday that it expects to be able to discover through AI technology that a credit or debit card number has been compromised before it can be used by a cybercriminal.

Biden to Release 1M Barrels of Reserved Gasoline For Summer Travel

Biden to Release 1M Barrels of Reserved Gasoline For Summer Travel

The Biden administration said Tuesday that will release 1 million barrels of gasoline from a Northeast fuel reserve in an effort to lower consumer prices at the pump this summer.

Senate Report Says Parts Made With China’s Forced Labor Used in Cars by BMW, Jaguar, VW

Senate Report Says Parts Made With China’s Forced Labor Used in Cars by BMW, Jaguar, VW

BMW, Jaguar Land Rover and Volkswagen have purchased parts made by a Chinese company sanctioned under a 2021 law for using forced labor, a Senate inquiry found.

Target to Lower Prices on Thousands of Basic Items

Target to Lower Prices on Thousands of Basic Items

Target to Lower Prices on Thousands of Basic Items

Ivan Boesky, Whose Conviction Helped to Uncover Insider Trading Scandal, Dies at 87

Ivan Boesky, Whose Conviction Helped to Uncover Insider Trading Scandal, Dies at 87

Ivan F. Boesky, the stock trader whose cooperation with the government cracked one of the largest insider trading scandals in Wall Street history, has died at age 87.

Red Lobster Files For Bankruptcy Protection

Red Lobster Files For Bankruptcy Protection

Red Lobster has filed for Chapter 11 bankruptcy protection.

UAW Loses Effort to Unionize Two Alabama Plants

UAW Loses Effort to Unionize Two Alabama Plants

The United Auto Workers lost an attempt Friday to organize labor at two Mercedes-Benz factories in Alabama, according to results posted on the union's page.

Germany Council Approves Plan by Tesla to Expand Plant Near Berlin

Germany Council Approves Plan by Tesla to Expand Plant Near Berlin

A council in Germany approved a plan by carmaker Tesla to expand the grounds of its first plant in Europe.

Visa Changes Could Mean Fewer Physical Credit Cards

Visa Changes Could Mean Fewer Physical Credit Cards

Visa on Wednesday announced major changes to how credit and debit cards will operate in the U.S.

McDonald's Launches New $5 Meal Deal

McDonald's Launches New $5 Meal Deal

McDonald's hopes the promotion will bring back customers who were scared away by recent price hikes.

Dow Jones Tops 40K For First Time

Dow Jones Tops 40K For First Time

Dow Jones Industrial Average topped the 40,000 level for the first time Thursday, as U.S. stocks drifted higher to add to records set a day prior.