Luis Alvarez | Digitalvision | Getty Images Some lawmakers and regulators are calling for interest rate caps and lower fees on credit cards as debt levels march higher. Total credit card debt topped $1 trillion in the second quarter of 2023 for the first time ever. The average interest rate […]
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Bank of England warns U.S. tech stock valuations may be out of whack
People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. Henry Nicholls | Reuters Valuations for U.S technology stocks may be too high given the current macroeconomic backdrop and spike in rates, according to the Bank of England. “Given the […]
Stocks making the biggest moves midday: Block, Truist, PepsiCo, Rivian and more
A pedestrian walks past a display of Skechers shoes. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Skechers — The shoe company gained 1.6% after UBS reiterated its buy rating on shares. UBS said Skechers’ brand and products “continue to resonate […]
Europe gives Elon Musk 24 hours to respond about Israel-Hamas war misinformation and violence on X, formerly Twitter
X CEO Elon Musk leaves a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Mandel Ngan | Afp | Getty Images A European regulator has issued Elon Musk a stern warning about the spread of illegal content and disinformation on […]
Utah accuses TikTok of misleading users about safety, China connection in new lawsuit
Utah Gov. Spencer Cox welcomes U.S. President Joe Biden before he speaks at the George E. Wahlen Department of Veterans Affairs Medical Center in Salt Lake City, Utah, on Aug. 10, 2023. George Frey | Getty Images Utah is the latest state to file suit against TikTok, alleging the social […]
Europe warns Elon Musk about misinformation and violence on X , formerly Twitter, related to Hamas-Israel conflict
X (formerly Twitter) CEO Elon Musk leaves a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) Mandel Ngan | Afp | Getty Images A European regulator […]
Biden condemns ‘terror and bloodshed’ by Hamas, says the U.S. will continue to support Israel
WASHINGTON — President Joe Biden denounced Hamas’ attacks as terrorism and said the United States stands with Israel. “There are moments in this life, I mean this literally, when a pure unadulterated evil is unleashed on this world. People of Israel lived through one such moment this weekend,” Biden said. “This […]
California may build solar panels alongside highways to power homes
Workers install solar panels during the completion phase of a 4-acre solar rooftop atop AltaSea’s research and development facility at the Port of Los Angeles, in the San Pedro neighborhood, on April 21, 2023 in Los Angeles, California. Mario Tama | Getty Images California Gov. Gavin Newsom on Saturday gave […]
The tax-extension deadline is Oct. 16. Here are 3 things to know if you still haven’t filed
DjelicS | Getty If you filed a tax extension for more time on your 2022 return, the deadline is fast approaching. The federal tax-extension deadline on Oct. 16 is the last chance to avoid a late filing penalty, according to the IRS. However, some filers in disaster areas may have […]
Apple’s latest iPhone software lets you leave a FaceTime video voicemail. Here’s how to do it
Facetime on an iPhone Chris Ratcliffe | Bloomberg | Getty Images A new Apple iOS 17 feature gives you the option to leave a video message if your FaceTime goes unanswered. As long as you have an iPhone from 2018 or later, and you update your phone’s software, you can […]