Hundreds of thousands of workers across more than a dozen cities and states will soon receive higher pay, thanks to minimum wage hikes set to go into effect July 1. More than 800,000 workers in two states —Alaska and Oregon — as well as Washington, D.C., will be impacted by …
Read More »Anna Wintour stepping back from editorial role at U.S. Vogue
Anna Wintour, the long-time global editorial director of Vogue, is taking a step back from her editorial duties at the fashion publication. She will continue to oversee Vogue globally in her post as the publication’s global editorial director, while Vogue U.S. will recruit a new head of editorial content to …
Read More »Fortnite players set for $126 million refund this week. Here’s how to get the money.
Fortnite gamers who were charged for unwanted purchases while playing the online video game could receive a slice of the $126 million in refunds the Federal Trade Commission is sending out this week. The regulatory agency is reopening the claims submission process for gamers who are eligible for a refund …
Read More »Amazon’s Prime Day event will expand to four days this year. Here’s what to know.
Amazon Prime Day will stretch to four days this year — twice as long as in years past — giving shoppers a longer window to shop for deals on the e-commerce site. This is the first time the company has run its site-wide sale for four full days, the company …
Read More »OpenAI tools ChatGPT, Sora image generator are down
OpenAI’s ChatGPT, Sora image generator, and other tools were down Tuesday as the company suffered an outage. Reports of outages spiked early this morning, according to website status tracker Downdetector. By around 8 a.m., it had received more than 1,300 reports of outages from users who were unable to access …
Read More »Capital One says it’s buying Discover for $35 billion, creating credit card and payments giant
New York — Capital One Financial said it will buy Discover Financial Services for $35 billion, a deal that would bring together two of the nation’s major credit card companies as well as potentially shake up the payments industry, which is largely dominated by Visa and Mastercard. Under the terms …
Read More »Talks aimed at ending actors strike break down amid acrimony
Los Angeles — Talks bitterly broke off between Hollywood actors and studios late Wednesday, killing any hopes that the three-month strike by performers would come to an end anytime soon. The studios announced that they’d suspended contract negotiations, saying the gap between the two sides was too great to make …
Read More »CVS to lay off 5,000 employees as it slashes costs
CVS is laying off about 5,000 workers in a move to cut costs, the pharmacy chain said Tuesday. The cuts will affect “non-customer facing positions across the company,” CVS said in a statement, adding, “We do not expect there to be any impact to our customer-facing colleagues in our stores, …
Read More »“Buy now, pay later” plans can rack up steep interest charges. Here’s what shoppers should know.
Although U.S. consumers have embraced “buy now, pay later” loans in part because of marketing claims that they offer zero-percent financing, shoppers should be on their guard. Some BNPL products charge exorbitant interest rates, along with heavy fees when you miss a payment, according to Consumer Reports. The loans allow consumers …
Read More »Celsius founder Alex Mashinsky arrested and charged with fraud
Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius, has been arrested and charged with fraud, federal prosecutors said on Thursday. Mashinsky was charged with seven criminal counts, including securities, commodities and wire fraud, according to the U.S. attorney’s office in Manhattan. He is also accused of …
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