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Categories Business

Biden administration orders online banker Chime to pay $4.55 million over delayed refunds to customers

Author May 9, 2024

The Biden administration has told the online banking group Chime it must pay $4.55 million for failing to issue refunds in a

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Categories Business

The great wealth transfer has started — but millennials, Gen Z may not inherit as much as they anticipate

Author May 9, 2024

There’s a massive wealth transfer underway. “It has started and it’s only going to accelerate,” said Liz Koehler, head of advisor engagement for BlackRock’s wealth advisory business. Baby

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Categories Business

Dave & Buster’s plan to allow betting on arcade games draws scrutiny

Author May 8, 2024

Arcade chain Dave and Buster’s plan to allow customer betting isn’t winning over everyone. Software company Lucra Sports announced on Tuesday that it was working

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Categories Business

Emirates’ chairman has a message for Boeing: ‘Get your act together’

Author May 8, 2024

One of Boeing’s biggest customers issued a call to action to its new management team, expressing frustration with the safety crisis facing the

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Categories Business

Private equity firms circle Peloton for potential buyout

Author May 8, 2024

A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and

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Categories Business

Abortion bans drive away up to half of young talent, CNBC/Generation Lab youth survey finds

Author May 8, 2024

The youngest generation of American workers is prepared to move away from states that pass abortion bans and to turn down job

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Categories Business

Sony and Apollo send letter expressing interest in $26B Paramount buyout as company considers Skydance bid

Author May 7, 2024

Sony Pictures and private equity firm Apollo Global Management have sent a letter to the Paramount Global board expressing interest in acquiring the company

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Categories Business

Dave & Buster’s plan to allow betting on arcade games draws scrutiny

Author May 7, 2024

Arcade chain Dave and Buster’s plan to allow customer betting isn’t winning over everyone. Software company Lucra Sports announced on Tuesday that it was working

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Categories Business

Social Security now expected to run short on funds in 2035, one year later than previously projected, Treasury says

Author May 7, 2024

The trust funds the Social Security Administration relies on to pay benefits are now projected to run out in 2035, one year

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Categories Business

Former Starbucks CEO says company needs to revamp its stores after big earnings miss

Author May 7, 2024

Former Starbucks CEO Howard Schultz weighed in Sunday on the coffee chain’s dismal latest quarterly report, saying he believes the company will recover if

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