CFPB Drops Lawsuit Against Capital One Bank That Accused It of Tricking Customers

Days before President Trump was inaugurated, the Consumer Financial Protection Bureau sued Capital One, accusing it of using deceptive tactics that the bureau said cheated customers out of $2 billion in interest payments on their savings accounts. On Thursday, the bureau abandoned that lawsuit and permanently waived its legal right to ever again pursue the … Read more

A Union Takes on Musk via Tesla’s Stock

A union takes on Tesla over its stock price As Elon Musk’s norm-shattering influence in Washington has grown — consider his unprecedented cameo at President Trump’s first cabinet meeting on Wednesday — he has drawn intense scrutiny and opposition. The latest pushback comes from the American Federation of Teachers, one of the nation’s biggest labor … Read more

U.S. Economy Shows Signs of Strain From Trump’s Tariffs and Spending Cuts

The United States economy is starting to show signs of strain as President Trump’s abrupt moves to shrink federal spending, lay off government workers and impose tariffs on America’s largest trading partners rattle businesses and reverberate across states and cities. Funding freezes and firings of federal workers combined with the prospect of costly trade wars … Read more

‘Jeopardy!’ and ‘Wheel of Fortune’ to Leap to Streaming

“Wheel of Fortune” and “Jeopardy!” are two of the biggest holdouts of the streaming revolution, available only on traditional broadcast television. Not for much longer. Sony Pictures Entertainment, the owner of the popular game shows, said on Thursday that it was soliciting bids from major media and tech companies for the streaming rights to new … Read more