American Express said on Thursday it will pay about $230 million to settle criminal and civil probes into alleged deceptive practices in selling credit card and wire transfer products to small business customers. The credit card and travel services company agreed to pay $138.4 million, including about $108 million in fines, and enter a non-prosecution agreement to
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Since the ceasefire deal was announced Wednesday, Reuters reports Israel has killed at least 70 more Palestinians in Gaza, including an overnight strike on Gaza City.
FBI leaders have warned that hackers who breached AT&T’s system last year likely stole months of agents’ call and text logs, prompting an urgent effort to safeguard confidential informants’ identities, Bloomberg News reported on Thursday. The breach, believed to have compromised all FBI devices using the bureau’s AT&T public safety service, included agents’ mobile phone
Four other Trump nominees faced Senate confirmation hearings Wednesday: White House budget director nominee Russell Vought, who indicated plans for major spending cuts; John Ratcliffe for head of the CIA ; Sean Duffy, a climate crisis denier, for transportation secretary; and Chris Wright, Trump’s pick for energy secretary.
An aerial view taken Wednesday of wildfire devastation in the Pacific Palisades neighborhood of Los Angeles.Bloomberg News Public finance credits in Southern California are beginning to feel the heat from the massive wildfires that have destroyed parts of the city and county of Los Angeles. The city’s AA-rated general obligation bonds were placed on CreditWatch
Stay informed with free updates Simply sign up to the Travel & leisure industry myFT Digest — delivered directly to your inbox. The price of travel permits needed by EU and US citizens to enter the UK is to rise from £10 to £16, the government said, triggering warnings that the cost will damage tourism.
Sir Keir Starmer, Britain’s prime minister, said he could strike a trade deal with Donald Trump and avoid punitive tariffs on the UK as he dismissed as “noises off” Elon Musk’s strident criticism of his leadership. Starmer, speaking to the Financial Times on a visit to Kyiv, insisted Trump’s inauguration on Monday would not add
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of England has delayed the start of new capital rules for British banks by a year while it waits to see how the incoming Trump administration will implement the global Basel agreement in
The problem of stolen manhole covers in Turkey might seem an unlikely starting point for a new way for buildings to withstand earthquakes and tackle the construction industry’s environmental issues, but when a Turkish businessman heard about a new material that prevented the thefts, it sparked an idea. Cast iron is traditionally used to make
<img src=”https://public.flourish.studio/visualisation/21196063/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were slightly firmer Thursday as the Triborough Bridge and Tunnel Authority deal was upsized to $1.6 billion and outflows returned to muni mutual funds. U.S. Treasury yields fell and equities ended down. The two-year municipal to UST ratio Thursday was at 67%, the five-year at 67%, the 10-year
Louisiana State Treasurer John Fleming said he would lobby Fitch Ratings for a rating upgrade.Bloomberg News Louisiana plans to sell bonds four more times this fiscal year and at least twice more in the next fiscal year, a Louisiana state official said Thursday. Amounts were not discussed and were not immediately available. The state will
Brightline West is floating $2.5 billion of tax-exempt private activity bonds to finance what the company hopes will be the nation’s first high-speed electric train.Brightline Brightline West, the planned high-speed electric train between Las Vegas and southern California, is prepping $2.5 billion of unrated private activity bonds that mark the next financing step for the
“As we begin 2025 Americans are barreling towards an economic crisis at year end,” said Bessent. “If Congress fails to act, Americans will face the largest tax increase in history, a crushing four-trillion-dollar tax hike. We must make permanent the 2017 Tax Cuts and Jobs Act and implement new pro-growth policies to reduce the tax
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Scott Bessent said the US should increase sanctions on Russian oil producers to force Moscow to negotiate with Ukraine as he criticised the Biden administration for not being tougher on Vladimir Putin’s regime.
HAWAIIAN VOLCANO OBSERVATORY, Hawaii Hawaiis Kilauea volcano roared back to life and resumed its eruption Wednesday as dramatic video provided by the U.S. Geological Survey (USGS) showed lava shooting hundreds of feet into the air. According to an update from the Hawaiian Volcano Observatory (HVO), the eruption of Kilauea within Kaluapele (summit caldera) resumed just after 9 a.m. local time Wednesday when
A lawyer representing Meta in an intellectual property lawsuit said he has dropped the tech giant as a client over Mark Zuckerberg’s decision to scrap fact-checking on his social media platforms. Mark Lemley, who is also a law professor at Stanford University, claimed the Meta boss has embraced “toxic masculinity and neo-Nazi madness.” “I have
Ratings-challenged CNN will reportedly move veteran anchor Wolf Blitzer to a new slot in the mornings as part of a wider reshuffle by the embattled cable news pioneer’s boss Mark Thompson. The 76-year-old Blitzer, one of the network’s longest-tenured anchors and current host of “The Situation Room” at 6 p.m., will be teamed with Pamela
President-elect Donald Trump released his official inaugural portrait Thursday with a villain-esque facial expression that drew comparisons to his 2023 mug shot. The portrait features the soon-to-be commander in chief staring into the camera with an icy look and a furrowed brow. 4 Trump’s 2025 presidential portrait bears a striking resemblance to his iconic mugshot.
TikTok CEO Shou Zi Chew is planning to attend President-elect Trumps inauguration ceremony on Monday even as the China-owned company makes a last-ditch effort to avoid a US ban. Chew is expected to sit alongside tech titans such as Elon Musk, Metas Mark Zuckerberg, Apples Tim Cook and Amazons Jeff Bezos during the inauguration, a
What does a pilot really think when you applaud after a plane touches down? While flight passengers might attempt to show gratitude for a safe landing, some say this act could offend or come across as rude to those steering the aircraft. In a recent article, Rosie Panter, a travel expert with Dealchecker, a travel comparison website,
Sean Duffy, former Republican Representative from Wisconsin and President-elect Donald Trump’s nominee as Transportation Secretary, told a Senate Commerce, Science, and Transportation Committee confirmation hearing Wednesday he would cut red tape slowing infrastructure projects if confirmed.Kent Nishimura/Bloomberg President-elect Donald Trump’s pick for transportation secretary, former Congressman and Fox News host Sean Duffy, pledged to trim
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