Walmart is suing Capital One to end their credit card partnership agreement, alleging the bank fell short of its customer service standards as the exclusive issuer of Walmart’s private label and co-branded credit card program in the U.S. According to the lawsuit, filed in the United States District Court for the …
Read More »Florida Gov. Ron DeSantis demands investigation into Disney’s Reedy Creek Improvement District
Florida Gov. Ron DeSantis has asked the state’s inspector general to investigate how a newly minted tourism oversight board was allegedly stripped of most of its power by Walt Disney World top officials. Since 1967, the land in Orlando where Disney World sits has been governed by the Reedy Creek …
Read More »Money stress: More than a third of U.S. adults are stressed out over money, poll shows
More than a third of U.S. adults say the fragile state of the economy is stressing them out, with the impact of high inflation a particular concern, a new poll shows. About half of U.S. adults in households earning less than $60,000 annually and about 4 in 10 of those …
Read More »More Americans say they can’t pay their bills. Here are the states where it’s worst.
A growing number of Americans say they are struggling to pay their bills, battered by inflation and the loss of federal pandemic aid. About 36% of consumers say it has been “somewhat” to “very difficult” for them to pay their usual bills in the last seven days, according to the …
Read More »Slap fighting turns heads as Dana White looks to make it the next major U.S. sport
Cornhole tossing and pickleball have both matured into organized, professional sports in recent years. But another emerging competition trying to horn in on the action asks participants to demonstrate an altogether different kind of skill: the ability to slap someone silly. Slap fighting is a one-on-one competition in which opponents strike each …
Read More »United Airlines will no longer charge families extra to sit with young children
U.S. Secretary of Transportation Pete Buttigieg on Tuesday said the DOT is slated to launch a new dashboard showing which airlines guarantee families can sit together for free. American Airlines and Frontier Airlines have both already guaranteed that family members will be seated in adjacent seats on flights for no …
Read More »Disney to cut 7,000 jobs as CEO Bob Iger seeks “transformation”
The Walt Disney Co. said Wednesday it will cut about 7,000 jobs as part of a “significant transformation” announced by CEO Bob Iger. The job cuts amount to about 3% of the media and entertainment’s global workforce and were announced after Disney reported quarterly results that topped Wall Street’s forecasts. …
Read More »PayPal to cut 2,000 jobs, or 7% of its workforce
PayPal said Tuesday it will trim about 7% of its total workforce, or about 2,000 full-time workers, as the digital payments company contends with what it calls “the challenging macro-economic environment.” PayPal said it will make the cuts over several weeks, with some of its organizations affected more than others. …
Read More »Amazon launches subscription prescription drug service
Amazon is adding a prescription drug discount program to its growing health care business. The retail giant said Tuesday that it will launch RxPass, a subscription service for customers who have Prime memberships. Amazon said people will pay $5 a month to fill as many prescriptions as they need from …
Read More »CEOs are more pessimistic than they’ve been in a decade, survey finds
American industry leaders are pessimistic about global economic growth for the year ahead. Three-quarters of CEOs surveyed by accounting and consulting firm PwC expect global economic growth to slow over the next 12 months. That compares to last year, when 77% of CEOs expected positive global growth. Their pessimism is …
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