Discover Pushes PayPal Payments; First Data Holds Out Discover makes headway in bringing eBay's online-payments service to physical retailers, but First Data, one of the country's largest merchant processors, has opted not to support the service. More
Consumers' shift to older iPhones raises concerns on Wall Street So many consumers are opting to buy older iPhone models that some analysts wonder whether Apple has lost its ability to create new versions that dazzle. How strange to think that Vicki Macchiavello's decision to buy an iPhone after years of using a BlackBerry could be bad news for Apple. More
DealBook: Mortgage Relief Checks Go Out, Only to Bounce Relief checks issued as part of a settlement over foreclosure abuses have bounced, an unfortunate twist for consumers who have already faced problems over reviews of troubled mortgage loans. More
March retail revenue figure inches up U.S. retailers are reporting modest sales gains for March as consumers held back due to cold weather during the month and continued worry about the economy. Overall, 14 retailers reported on Thursday that revenue at stores open at least a year — a key indicator of retail health — rose an average of 0.6 percent. More
Racking up credit card rewards points? You're paying for them with swipe fees, high interest. Rewards programs encourage people to keep swiping their credit cards, but consumers and businesses pay the price. Illinois has set out to curb some swipe fees. 12/16/2024 - 12:01 am | View Link
Credit Card Companies Are Fighting To Keep Their Monopoly And High Fees A handful of credit card companies are stifling competition and financially straining small businesses with high interchange fees while providing little explanation as to ... 12/11/2024 - 4:32 pm | View Link
Cut surcharges by divorcing debit and credit, Westpac tells RBA Blended pricing structures charge retailers a flat fee no matter the card, and lead to debit card users subsidising benefits for credit card users. 12/11/2024 - 12:51 pm | View Link
Top JP Morgan exec Marianne Lake warns new credit and debit card fee rules will hurt consumers Chase has been fighting the proposal in various forms for more than a decade, going back at least to a comment letter from Lake’s predecessor, Ryan McInerney (now the CEO of Visa), in which he called ... 12/11/2024 - 10:22 am | View Link
The Fed slashed interest rates, but some credit card APRs aren’t going down. Here’s why. But when the Fed started slashing interest rates in September, with an initial cut of half a percentage point, the average credit card interest rate fell by just 0.13%. The Fed has since cut rates by ... 12/10/2024 - 12:31 pm | View Link
Say your nephew needs a Christmas present and you vaguely know what he’s into these days. A new Gift Finder feature on the Best Buy app lets users ask questions like, “What can I get for a 10-year-old who loves Minecraft?”
The artificial intelligence-powered chatbot responds with a list of products like the latest versions of the game, Minecraft Legos and in-game currency.
And just like that, you’re still his favorite aunt or uncle.
Best Buy is one of several retailers touting new generative AI capabilities for the holiday season and year-round shopping, a critical tactic for staying relevant and making shopping hassle-free.
While the Blackhawks, Bulls and the rest of the programming on the new Chicago Sports Network remains blacked out on Comcast, the cable giant is raising the monthly fee it charges subscribers to access its diminished local sports offerings.
The 5.5% increase, which took effect Wednesday, bumps up the regional sports network fee to $20.25 per month for Comcast subscribers in Chicago and the suburbs.
The United Auto Workers have reached an agreement with Rivian Automotive Inc. that would make it easier to unionize the company’s workforce — contingent on the electric-vehicle maker reaching profitability.
Under Rivian and the UAW’s confidential pact, the automaker would adopt a neutral stance toward efforts to organize workers at the Normal, Illinois, factory where its vehicles are made, according to people familiar with the matter.
Illinois gained nearly 68,000 people from 2023 to 2024, reversing a recent trend of population losses, the U. S. Census Bureau reported Thursday. Much of the increase was due to an influx of migrants, a trend that played out across the country.
The increase of 67,899, or 0.5%, was small and paled in comparison to the growth of 563,000 in Texas, but the numeric growth was the most in the Midwest.
Illinois had 12,710,158 residents as of July 1, 2024, the census estimated, ranking sixth among states nationally, still down by about 112,000 from 2020.
Nationwide, the population grew by nearly 1.0%, surpassing 340 million.
The Federal Aviation Administration temporarily banned drones over parts of New Jersey yesterday and said "the United States government may use deadly force against" airborne aircraft "if it is determined that the aircraft poses an imminent security threat."
The FAA issued 22 orders imposing "temporary flight restrictions for special security reasons" until January 17, 2025.