There’s been a spike in consumer complaints about mobile payment apps and digital wallets, according to a new U.S. Public Interest Research Group report.  Top complaints include trouble with digital wallets, scams and customer service issues.  Digital payments may lack protections under federal law, consumer advocates say. In this article CCF BAC PNC PYPL SQ COIN There's been a surge […]

Successfully clearing their latest Fed stress tests will free them to resume huge stock buybacks. By Andrew Ross Sorkin, Jason Karaian, Sarah Kessler, Stephen Gandel, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni Banks capitalize on their healthy pandemic Nearly two dozen of the nation’s largest lenders, including Bank of America and JPMorgan Chase, yesterday passed the Fed’s annual test of whether they […]

New York (CNN Business)As more Americans get vaccinated, states across the country are lifting their pandemic restrictions. That means that one popular relief measure — the allowance of to-go cocktails at restaurants — is either expiring or continuing, depending on where you live. The National Restaurant Association counted about 26 states — most of the ones that permitted to-go cocktails […]

(Reuters) – Global equity funds lured the highest inflow in two months in the week ended June 23, as investors focussed on prospects for post-pandemic growth rather than fretting over the hawkish stance taken by the U.S. Federal Reserve last week.FILE PHOTO: A U.S. dollar note is seen in front of a stock graph in this November 7, 2016 picture […]

Nearly 100 people remain unaccounted for Friday morning, a day after a 12-story beachfront condominium building just north of Miami collapsed, killing at least one person. A wing of the residential building in Surfside, Florida, came down with a roar around 1:30 a.m. On video footage captured from nearby, the center of the building appeared to fall first, with a section nearest the […]

Downtown Sydney and the city's eastern suburbs, which include Bondi Beach, will go into a one-week lockdown from midnight Friday as authorities struggle to contain a spike in the highly contagious Delta Covid-19 virus variant in the city. The Australian Medical Association said the move was not enough and called for a complete lockdown of the country's biggest city to […]

During the first year of the ongoing COVID-19 pandemic, some 305,000 apparel retail workers lost jobs, while cashiers and many other retail store workers contended with wages below $15 an hour, and the federal minimum wage stayed stagnant for its 11th straight year.  As the retail industry adapts to surging pandemic demands for online ordering capabilities, home deliveries and curbside […]

FILE PHOTO: The logo of Nike (NKE) is seen in Los Angeles, California, United States, April 12, 2016. REUTERS/Lucy Nicholson/File Photo(Reuters) -Nike Inc’s quarterly profit and revenue topped Wall Street estimates on Thursday, as Americans stepping out of pandemic-led lockdowns splurged on footwear and apparel, sending the sneaker maker’s shares 4% higher. After staying at home for more than a […]