Business

PayPal launches new crowdsourced fundraising platform, the Generosity Network

Paypal  launched the Generosity Network, a crowdsourced fundraising platform, to raise up to $20,000 over a 30-day period. “The Generosity Network was designed to provide an accessible, easy and secure way for our customers to raise money on behalf of causes, and connect them with millions of PayPal customers who can offer their…

US airlines have to automatically refund travelers for canceled, ‘significantly changed’ flights: What to know

The Biden administration’s new rules, which require automatic cash refunds for canceled or significantly delayed flights, took effect this week.  “Passengers deserve to get their money back when an airline owes them—without headaches or haggling,” Transportation Secretary Pete Buttigieg posted on X.In April, the U.S. Department of Transportation said it…

Inter Ikea CEO sees turnaround in housing

Inter Ikea CEO Jon Abrahamsson Ring believes housing market conditions will improve over the coming year, signaling a positive outlook for the company’s kitchen business.  As more consumers invest in their homes, demand for home furnishings, particularly kitchen products, is expected to rise.Inter Ikea Group is the group of companies…

Would a 4-day work week work in the US?

The prospect of slashing a day of work from the schedule each week without a lower paycheck is a great deal for workers, so it is not surprising that multiple studies show employees love the idea of a 4-day work week – especially in this age of high burnout. While…

JPMorgan Chase’s Jamie Dimon says ‘time to fight back’ against bureaucrats

JPMorgan Chase chairman and CEO Jamie Dimon called the current state of banking regulations under the Biden-Harris administration an “onslaught” during an annual convention on Monday. The 68-year-old executive who runs the largest U.S. lender, criticized what he called “overlapping” rules on capital requirements, card payments and open banking, during…

Halloween candy: M&Ms, Reese’s and Sour Patch Kids among the top

Many Americans have already loaded up on candy to hand out to Halloween trick-or-treaters later this week. In the lead up to the highly-anticipated holiday, an analysis published this month by CandyStore.com found some candies are more popular than others for Halloween on the national-level.It reported M&M’s ranked No. 1 across…

How much would the Harris and Trump economic plans add to the debt?

A new analysis of the tax and spending plans offered by Vice President Harris and former President Trump finds that both would add trillions of dollars to the national debt over the next decade on top of projected budget deficits. The nonpartisan Committee for a Responsible Federal Budget (CRFB) analyzed…

Venmo’s debt-collection practices probed by CFPB

The Consumer Financial Protection Bureau is probing the way that Venmo, the digital money-transfer service operated by PayPal Holdings Inc., treats customers whom the company says owe it money for transactions that went awry.In a regulatory filing Friday, PayPal said it had received a “Civil Investigative Demand” from the CFPB…

Kim Kardashian game gets new owner in .4 billion deal

Electronic Arts Inc. said Monday it is acquiring Glu Mobile Inc. in a $2.4 billion deal aimed at growing an area of business in which the videogame giant has had mixed success.The all-cash deal, which is expected to close in the quarter ending in June, will bring Glu’s mobile games…

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