Federal regulators are accusing Bank of America of opening accounts in people’s name without their knowledge, overcharging customers on overdraft fees and stiffing them on credit card reward points. The Wall Street giant will pay $250 million in government penalties on Tuesday, including $100 million to be returned to customers, …
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If the Federal Trade Commission has its way, businesses could soon be fined a hefty sum for hosting or promoting fake product reviews online. Faux five-star and rave reviews of less-than-stellar consumer goods can boost businesses’ profits while deceiving consumers, according to the agency, which has proposed a rule to …
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What if treating obesity could be as easy as popping an effective pill? That’s a notion that has long fueled hope for many of the more than 40% of Americans who are considered obese — and fueled criticism from those who advocate for wider weight acceptance. Soon, the pill may …
Read More »What remains of Bed Bath & Beyond, the bankrupt big-box retailer known for its dizzying array of home goods, has been bought by e-commerce discounter Overstock.com, court filings from Thursday show. Overstock.com bid $21.5 million at auction for the assets of the retailer, which filed for bankruptcy in April. The …
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The Securities and Exchange Commission on Tuesday sued Coinbase, alleging that the publicly traded cryptocurrency trading platform has been operating illegally as an unregistered exchange. The litigation comes one day after the SEC filed suit another major crypto exchange, Binance and its CEO, on grounds that it too is violating securities …
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A lawyer who relied on ChatGPT to prepare a court filing on behalf of a man suing an airline is now all too familiar with the artificial intelligence tool’s shortcomings — including its propensity to invent facts. Roberto Mata sued Colombian airline Avianca last year, alleging that a metal food …
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Target is recalling nearly 5 million jar candles that can break during use, causing severe burns. The chain is recalling candles sold under Target’s popular Threshold store brand in five-ounce, 14-ounce and 20-ounce sizes. It received 137 reports of glass jars breaking or cracking while the candle was burning, the …
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Adidas has spent months trying to decide what to do with $1.2 billion worth of unsold Yeezy brand merchandise that has been piled up in its warehouses. At one point, the company thought about torching all of it but that option never materialized, CEO Bjørn Gulden said this week. “Burning …
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Airlines expecting a hectic summer travel season are planning to hire thousands of new workers this year, lifting a job market that has been hit by layoffs in technology and turmoil in the banking industry. United Airlines said Wednesday that it hired 7,000 new workers in the first four months …
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Artificial intelligence is here to rescue people who may have desirable traits, but aren’t necessarily adept at displaying their most attractive qualities in the fickle world of online dating. Indeed, those seeking romance and personal connections through dating apps sift through hundreds of profiles at a time, meaning those first …
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