Business + Money

Capital One’s acquisition of Discover Financial Services for $35.3 billion marks a strategic expansion in the credit card market, aiming to enhance competitiveness and diversify revenue streams. The merger, pending regulatory approval, raises questions about customer impact, antitrust concerns, and the future of financial services consolidation. A Big Deal Capital One has announced its plan … Read more

Boeing has announced the departure of an 18-year executive at the company after a lawsuit claimed that “safety was no longer a subject of board discussion.” Leadership Changes at Boeing Boeing, the aerospace giant undergoing a major safety crisis, has recently announced a series of leadership changes, including Executive Ed Clark’s ousting. Executive Departure Lounge … Read more

Despite the city of Chicago facing a migrant crisis and a homelessness crisis, owner of the White Sox and Chicago Bulls, Jerry Reinsdorf, is proposing to build a new stadium using taxpayer’s cash. Reinsdorf’s Stadium Request Jerry Reinsdorf, an 87-year-old billionaire who owns the Chicago White Sox and Chicago Bulls, has asked the taxpayers in … Read more

Some of California’s richest folks are packing their bags and heading for the hills, and it’s costing the state big time. According to the latest stats from the U.S. Census Bureau, California saw a major drop in population last year, with tens of thousands of people, including many big earners, saying goodbye to the Golden … Read more

A British Columbian passenger was told he could not have a refund on bereavement purchases despite buying tickets based on what Air Canada’s AI chatbot had initially told them. Air Canada Ordered to Refund Passenger A Canadian tribunal has ruled that Air Canada must provide a partial refund to a Vancouver man, Jake Moffatt, based … Read more

After losing a case in Delaware that said the bonuses Elon Musk was making at Tesla were unfair to its shareholders, Musk is slowly moving all his businesses to Texas. Big Changes After buying Twitter and changing its name to X last year, Elon Musk has made some serious changes to one of the world’s … Read more

A coalition of uber-rich progressives have started a campaign to increase their own tax liabilities. Some Rich Global Citizens Advocate for Fairness In a bold show of solidarity with the working class, a select group of wealthy heirs and executives are advocating for increased taxes for the rich. The group includes a Rockefeller descendant, Walt … Read more

The Internal Revenue Service is cracking down on small businesses that may have improperly used federally-backed COVID relief funds. IRS Launches Investigation Into CARES Act Fraud In a strong show of action, the IRS has assigned 30,000 agents from their ranks to dig into millions of potential fraud cases related to CARES (Coronavirus Aid, Relief, … Read more

On a day when love is usually in the air, a different kind of passion was on display this Valentine’s Day. Thousands of drivers for Uber, Lyft, and DoorDash took to the streets, not for love, but for fair pay and better working conditions. A Nationwide Call for Change Drivers across the U.S. are fed … Read more

Millions of Americans are finding their tax refund is significantly lower than expected. Here’s what changed. Tax Refunds Are Lower For Millions According to the IRS, tax refunds are, on average, two-thirds of what they were last year. So far, over two and a half million people have filed their taxes and received refunds, and … Read more