CFPB tightens rules for buy now, pay later lenders
The Consumer Financial Protection Bureau says "buy now, pay later" lenders are credit card providers and is applying additional regulations for the lenders to follow.
China levies sanctions against 12 US military-linked companies
China has taken measures against 12 U.S. companies with ties to the military in response to the U.S. arming Taiwan and sanctions on Chinese companies.
FDIC chair to resign after pressure from lawmakers
FDIC Chair Martin Gruenberg says he will step down once he is replaced after growing calls from federal lawmakers for him to resign over the agency's toxic work environment.
Key Democrat calls for FDIC chief's ouster over 'toxic culture' that includes sexual harassment
Democrat Senate Banking Committee Chair Sherrod Brown is calling on President Biden to replace embattled FDIC Chair Martin Gruenberg over the agency's "toxic culture."
Japanese company introduces 'electrified' spoon that promises to enhance salty tastes
Kirin Holdings is launching an electrified spoon designed to enhance salty tastes without increasing sodium intake, based on research that earned an Ig Nobel Prize.
BMW imported thousands of vehicles with banned Chinese parts linked to forced labor, US Senate report says
BMW allegedly imported more than 8,000 vehicles into the U.S. containing electronic parts from a banned Chinese supplier, according to a Senate report.
Fed Chairman Powell tests positive for COVID-19
Federal Reserve Chair Jerome Powell tested positive for COVID-19 on Thursday and is currently working from home while experiencing symptoms, according to his office.
Analysts dismiss fears of German 'de-industrialization' for now
Growing global competition and changes to Germany's economy have some business leaders worried that Germany is headed for de-industrialization, but analysts disagree.
South Korea encourages supply chain cooperation with China as both express desire to improve ties
South Korea's finance minister encouraged cooperation with China on supply chain, new technologies and raw materials as the two countries prepare for a trilateral meeting with Japan.
FDIC Chair Gruenberg refuses to resign
Federal Deposit Insurance Corporation Chair Martin Gruenberg vowed to rectify conduct at his agency Wednesday, side-stepping calls for his resignation.
McDonald's $5 meal deal coming in June for a limited time: report
McDonald's will reportedly offer a $5 meal deal in an effort to lure back inflation-plagued customers as sales at fast food restaurants dip due to consumers eating more meals at home.
Google shows off latest AI models as competition with OpenAI, Microsoft heats up
Google rolled out its latest artificial intelligence models' capabilities at its annual developer conference, Google I/O, on Tuesday as its competition with rivals heats up.
ChatGPT maker OpenAI announces new 'flagship' model
ChatGPT creator OpenAI on Monday introduced a new advanced artificial intelligence model, GPT-40, and showed off its new features, which will be free for users.
GameStop shares soar after 'Roaring Kitty' posts on X
Shares of GameStop surged more than 70% Monday morning after "Roaring Kitty," a key figure in the stock's Reddit rally, returned to X and posted a drawing.
China protests 'abuse' of US export controls after trade restricted for 37 Chinese firms
After the U.S. restricted trade for 37 Chinese firms, some over security concerns, a spokesperson for China's foreign ministry accused the U.S. of abusing export control tools.
Nintendo to announce new console by March 2025, company says
Nintendo has announced plans to unveil the successor to its Switch console by March 2025. The company noted the evolving complexity of game development since the Switch's launch.
Buffett retakes the stage as Berkshire prepares to pass the baton
Warren Buffett takes center stage in Omaha for Berkshire Hathaway's annual shareholder meeting on Saturday, as investors size up his expected successor.
Apple sales fall less than expected, beating Wall Street estimates
Apple shares saw a boost in aftermarket trading after beating Wall Street's estimates with a year-over-year sales decline of 4.3%, while iPhone sales remain flat.
Tesla lays off more workers, two senior executives out: Report
A leaked email from Tesla CEO Elon Musk revealed the company is making further cuts to its workforce, including senior executives and entire departments.
Value of Japanese yen jumps against dollar, investors suspect intervention
Traders and investors suggested yen-buying intervention by Japanese authorities as the explanation for why the dollar fell sharply to 156.55 yen from as high as 160.245.