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Wells Fargo’s Latest Challenge: Refunds for Pet Insurance, Legal Services

Wells Fargo’s Latest Challenge: Refunds for Pet Insurance, Legal Services

Wells Fargo is in the process of refunding tens of millions of dollars for products ranging from pet insurance to legal services added to hundreds of thousands of customers’ accounts without their full understanding.

Published 3 months ago

Wilbur Ross: ‘Too Early to Say’ Whether National Security Probe Will Bring Auto Tariffs

Wilbur Ross: ‘Too Early to Say’ Whether National Security Probe Will Bring Auto Tariffs

Commerce Secretary Wilbur Ross said it is “too early” to say whether the Trump administration will move ahead with proposed tariffs of up to 25% on imported vehicles and auto parts.

Published 3 months ago

Asian Junk Bonds Are Being Treated Like Trash

Asian Junk Bonds Are Being Treated Like Trash

Asia’s $138 billion junk-bond market, anxious over China’s debt problem, is showing cracks after years of rampant growth. Falling prices have sent yields sharply higher, leaving creditors nursing big paper losses and clouding the prospects for refinancing maturing debt.

Published 3 months ago

U.S. Jobless Claims Hit Lowest Level Since 1969

U.S. Jobless Claims Hit Lowest Level Since 1969

The number of Americans claiming new unemployment benefits fell last week to the lowest level in nearly five decades.

Published 3 months ago

Gymboree Has a New Look, and Moms Aren’t Pleased

Gymboree Has a New Look, and Moms Aren’t Pleased

Children’s clothing retailer Gymboree weathered a bankruptcy filing. Now, it is facing an even tougher battle: persuading moms to like its new look.

Published 3 months ago

On Amazon, Fake Products Plague Smaller Brands

On Amazon, Fake Products Plague Smaller Brands

Amazon has made it easy for small brands to sell their products to large numbers of customers, but that has also enabled some counterfeiters to cut into their business.

Published 3 months ago

Asian Junk Bonds Are Being Treated Like Trash

Asian Junk Bonds Are Being Treated Like Trash

Asia’s $138 billion junk-bond market, anxious over China’s debt problem, is showing cracks after years of rampant growth. Falling prices have sent yields sharply higher, leaving creditors nursing big paper losses and clouding the prospects for refinancing maturing debt.

Published 3 months ago

U.S. Jobless Claims Hit Lowest Level Since 1969

U.S. Jobless Claims Hit Lowest Level Since 1969

The number of Americans claiming new unemployment benefits fell last week to the lowest level in nearly five decades.

Published 3 months ago

Just Bought a New Puppy? It Might Be a Rental

Just Bought a New Puppy? It Might Be a Rental

Chelsea Walrath thought she was buying her Chihuahua puppy from a New York pet store, but a few months later she got an unexpected surprise—and it wasn’t warm and fuzzy.

Published 3 months ago

Comcast walks away from Fox takeover fight

Comcast walks away from Fox takeover fight

US cable group concedes defeat to rival Disney to focus on battle for pay-TV group Sky

Published 1 second ago

The risk of calling Trump a traitor

The risk of calling Trump a traitor

Much of America shares president’s suspicion of the ‘deep state’

Published 1 second ago

Comcast Drops Bid for Fox Assets, Will Pursue Sky

Comcast Drops Bid for Fox Assets, Will Pursue Sky

Comcast Corp. said it was dropping its pursuit for most of 21st Century Fox, ending a bidding war with Walt Disney Co., but said it would continue its pursuit of European pay-TV giant Sky PLC.

Published 3 months ago

Comcast Drops Bid for Fox Assets, Will Pursue Sky

Comcast Drops Bid for Fox Assets, Will Pursue Sky

Comcast Corp. said it was dropping its pursuit for most of 21st Century Fox, ending a bidding war with Walt Disney Co., but said it would continue its pursuit of European pay-TV giant Sky PLC.

Published 3 months ago

Trade’s Widening Battleground

Trade’s Widening Battleground

The Trump administration’s use of tariffs on imported goods started slowly but has broadened in recent weeks to affect hundreds of billions of dollars in goods from China and other big economies

Published 3 months ago

House GOP Push to Extend Tax Cuts Meets Resistance in Senate

House GOP Push to Extend Tax Cuts Meets Resistance in Senate

House Republicans are busily preparing “Tax Reform 2.0,” an extension of tax cuts that are set to expire after 2025. So far, their Senate counterparts aren’t interested.

Published 3 months ago