The Consumer Financial Protection Bureau is suing America’s three largest banks, accusing the institutions of failing to protect customers from fraud on Zelle, the payment platform they co-own. According to the suit, which also targets Early Warning Services LLC, Zelle’s official operator, Zelle users have lost more than $870 million over the network’s seven-year existence due to these alleged failures. ...
Party City on Friday announced it will close all of its stores and has initiated corporate layoffs effective immediately, according to a CNN report. CEO Barry Litwin told corporate employees in a meeting viewed by CNN that Party City has to “commence a winddown process immediately,” and that Friday would be their last day of work for the company. “That is ...
Senate Democrats labeled billionaire Elon Musk ‘co-president’ and ‘shadow speaker’ among other titles as they reacted to the original stopgap spending deal’s implosion on Wednesday after he and ultimately President-elect Trump came out against it. Sen. Elizabeth Warren, D-Mass., said Musk ‘seems to be the guy in charge of the country now,’ reacting to his apparent ability to influence the ...
The House has passed a bill to avert a partial government shutdown on Friday, hours before the midnight federal funding deadline. The bill, which needed approval from two-thirds of the chamber, passed overwhelmingly in a 366 to 34 vote. All Democrats voted for the bill save for Rep. Jasmine Crockett, D-Texas, who voted ‘present.’ Lawmakers were scrambling for a path ...
Love Starbucks holiday drinks? This week, you may not get them. Starbucks Workers United announced baristas will strike starting Friday in three key markets — Seattle, Los Angeles and Chicago. The union said the move is in response to the coffee chain’s “failure to bring viable economic proposals to the bargaining table” and “to resolve hundreds of outstanding unfair labor ...
OpenAI’s “12 Days of Shipmas,” which wrapped up on Friday, brought a sense of levity to end the year. The marketing blitz served as a way for the high-profile and controversial AI startup to show it can release an extensive roster of new features and tools while also having some fun. But when the calendar turns, the company faces some ...
House lawmakers will soon vote on a bill to avert a partial government shutdown after a similar measure backed by President-elect Trump failed Thursday. Congress is scrambling for a path forward as the clock ticks closer to the federal funding deadline, with a partial shutdown expected at 12:01 a.m. Saturday if no action is taken. Speaker Mike Johnson, R-La., suggested ...
White House press secretary Karine Jean-Pierre volleyed away reporters’ questions on Friday about President Biden’s lack of public appearances amid the ongoing government funding fight as a partial shutdown looms. Jean-Pierre refused to answer why the president has not spoken to the American public about his position, and she instead blamed Republicans, President-elect Trump, House Speaker Mike Johnson, R-La., and ...
JERUSALEM — Turkish President Recep Tayyip Erdoğan could be on the brink of engulfing Syria in a new war with his slated invasion of the country’s north in an effort to decimate the U.S.-allied Syrian Kurds who helped President-elect Trump defeat the Islamic State in 2019. The White House-brokered cease-fire between Turkey and the Kurdish-led Syrian Democratic Forces (SDF) has been ...
President-elect Donald Trump this week transferred his entire stake of shares in Trump Media to a revocable trust of which he is the sole beneficiary, regulatory filings revealed Thursday evening. Trump did not receive any money for the gift of his 114,750,000 shares of Trump Media stock to the Donald J. Trump Revocable Trust on Tuesday, according to a filing with the Securities and Exchange Commission. Because Trump is the beneficiary ...