Business

Green Dot Corp., a company that partners with Walmart to sell prepaid debit cards at the retail giant, has been fined $44 million by the Federal Reserve for ‘numerous’ alleged failures that harmed consumers over a period of at least five years. In a release Friday, the Fed said Austin-based Green Dot had violated consumer law and committed unfair and ...

People aren’t boosting their savings much even as wages rise and inflation slows. Households socked away about 3.9% of their disposable income as of May, the latest federal data shows, down from 5.3% in May of last year, when consumer price increases and the job market were both running hotter. Today, the savings rate is back down to around its ...

A software failure in the web that makes up the global supply chain threatens to disrupt daily commerce for an indefinite period, showing how widespread reliance on the same system can create a worldwide crisis when that system goes down. It was still not known Friday morning how long it would take to address the issue, which cybersecurity firm CrowdStrike ...

Netflix’s second-quarter earnings report contained no bombshells, and that’s just fine for the company and its investors. In recent weeks, Paramount Global has agreed to merge with Skydance Media. Warner Bros. Discovery is considering all options for its future and may lose broadcast rights to the NBA. While the media and entertainment landscape around Netflix is in a state of change, the world’s largest streamer is fine with the status quo. “If ...

Ticketmaster and its parent company, Live Nation, are offering a promotion through the end of July that lets users buy four tickets for $80 to selected shows. The offer is good for thousands of shows — but not all of them — and it is limited by geographic area. And you need a code to unlock the deal, according to ...

A fault with an update issued by cybersecurity company CrowdStrike led to a cascading effect among global IT systems Friday, with industries ranging from banking to airlines facing outages. Banks and health care providers saw their services disrupted and television broadcasters went offline as businesses worldwide grappled with the ongoing outage. Air travel has been hit hard, too, with planes grounded and ...

Housing is the most considerable expense for U.S. consumers — and while high rents and home prices are obstacles to saving for potential homebuyers, access to affordable credit is another significant roadblock.  An estimated 50 million Americans are “credit invisible,” according to a 2022 fact sheet from the Office of the Comptroller of the Currency’s Project REACh, or Roundtable for Economic Access and Change. That means ...

The Securities and Exchange Commission sued the former CEO of the blank-check company that merged with Trump Media, accusing him of lying about his firm’s plans to combine with Donald Trump’s social media startup. Patrick Orlando allegedly lied in public filings when he said his company, Digital World Acquisition Corp., had not contacted any possible merger targets and had no specific merger ...

Willow Bay and Bob Iger will take a controlling stake in Angel City Football Club, the world’s most valuable women’s professional sports team. On Wednesday, Angel City of the National Women’s Soccer League announced the couple had agreed to an investment of an undisclosed amount that values the team at $250 million. The club said Bay and Iger will invest an additional $50 million ...

This is part of NBC News’ Checkbook Chronicles, a series of profiles highlighting the financial realities of everyday Americans. Retirement has not been what Lucy Haverfield envisioned. “I thought my 60s were going to be my golden years. I would watch commercials, and all I saw were people on trips to Cancún or golfing or sitting by the pool. I ...