Money

Wells Fargo is still being haunted by its history of ripping off customers. More than four years after the Wells Fargo fake-accounts scandal erupted, the bank reported Friday another $321 million of quarterly losses tied to customer refunds. That brings Wells Fargo’s 2020 total for what it calls customer “remediation” to a staggering $2.2 billion.

Stephen Colbert, Jimmy Kimmel and other late-night TV hosts got a second chance to make fun of an impeachment of President Donald Trump. The pair opened their shows with jokes about the second impeachment, which has never before happened in US history: “It was a day of reckoning in Washington today as the House of

Airlines and the Transportation Security Administration are stepping up security for flights to and from Washington, DC, amid threats of additional violence. The FBI has received information indicating “armed protests” have been planned at all 50 state capitols and the US Capitol in Washington in the days leading up to President-elect Joe Biden’s January 20

US retail sales dropped last month, the Commerce Department said Friday, marking the third straight month without any growth. Retail sales fell 0.7% in December from the month prior. Economists surveyed by Refinitiv expected sales to be flat. The Commerce Department also revised November’s data lower from a 1.1% decline to a 1.4% drop. America’s

News that President-elect Joe Biden is asking Congress to pass a $1.9 trillion stimulus package would normally give markets a big boost. Not this time. US stocks slid on Thursday, and futures indicate they could lose more ground Friday. The S&P 500 has shed 0.8% this week, setting it up for its first weekly decline

The economy may not have fully recovered yet, but that’s no problem for America’s biggest bank. JPMorgan Chase reported a record profit of $12.1 billion for the fourth quarter Friday — easily topping Wall Street’s forecasts. But JPMorgan Chase CEO Jamie Dimon still sounded a bit nervous about the near-term economic outlook, citing the lingering

It’s a rocky road to disrupt the ice cream industry, but sundae you may get your soft serve from a pod. A new machine called ColdSnap, which looks and functions like a Keurig for soft serve ice cream, has emerged as one of the buzziest products of this year’s all-digital CES tech show. At a

Groups and individuals spreading lies about the 2020 election and calling to protest the outcome have continued to hide in plain sight on Facebook, even as COO Sheryl Sandberg this week tried to downplay the platform’s role in the Capitol riots. From altering the names of their online forums to abusing the core features of

Groups and individuals spreading lies about the 2020 election and calling to protest the outcome have continued to hide in plain sight on Facebook, even as COO Sheryl Sandberg this week tried to downplay the platform’s role in the Capitol riots. From altering the names of their online forums to abusing the core features of

The Trump administration is inflicting even more damage on Chinese businesses — including smartphone maker Xiaomi — with just days to go before President-elect Joe Biden takes office. The US Defense Department on Thursday added nine Chinese firms, including Xiaomi, to a list of companies the agency claims are owned or controlled by China’s military.

Samsung’s new Galaxy S21 lineup has an updated look and lower price tags, but customers will also notice two items missing from the box: headphones and a charger. In a digital press conference on Thursday, with the tagline “Welcome to the Everyday Epic,” the company demoed its three new Galaxy S21 smartphones in varying sizes

Petco is hoping the third time is the charm. The 55-year-old pet retailer launched its third IPO in company history Thursday — and this time it’s taking aim at fast-growing online rivals like Chewy. The red-hot IPO market welcomed Petco back to the public markets with open arms. After raising $817 million, Petco’s shares surged

President Donald Trump certainly lived up to his self-proclaimed status as the King of Debt during his term in office. The national debt spiked by $7 trillion during Trump’s tenure — and it’s about to soar much higher under his successor. Armed with a slim majority in the US Senate, President-elect Joe Biden is expected

The bitcoin roller coaster continues. The price of the top cryptocurrency hit an all-time high of nearly $42,000 less than a week ago before quickly falling back to around $30,000 — more than a 20% plunge. But it has roared back in recent days and is once again trading just shy of $40,000. The drastic

Billionaire Republican donor and Home Depot co-founder Ken Langone said he feels “betrayed” by President Donald Trump after the attempt to overturn the election, and he vowed to do everything he can to support Joe Biden as the new president. Langone, who voted for Trump in 2016 and gave him credit for improving the economy,