Billions on the line for lenders as White House finalizes late fee cap

Billions on the line for lenders as White House finalizes late fee cap

Signage is seen at the Consumer Financial Protection Bureau headquarters in Washington, D.C., on Aug. 29, 2020. Andrew Kelly | Reuters WASHINGTON — The Consumer Financial Protection Bureau’s ambitious rule proposal to crack down on credit card late fees, a $14.5 billion income stream for credit card companies, will potentially roll out in January, nearly … Read more

General Mills, FedEx warn about weak demand

General Mills, FedEx warn about weak demand

Limited Edition holiday breakfast cereal, Christmas Crunch in holiday shapes, Target store, Queens, New York. (Photo by: Lindsey Nicholson/UCG/Universal Images Group via Getty Images) Lindsey Nicholson | Getty Images Two big companies weighed in on persistent demand woes this week. General Mills, which reported earnings Wednesday morning, said tepid demand and pricing pressures are compounding … Read more

‘Grossly reckless’: Man learns fate over toddler’s bashing death at hands of mum

‘Grossly reckless’: Man learns fate over toddler’s bashing death at hands of mum

Trigger warning: This article contains descriptions of child abuse A Sydney dad has been slammed by a judge while being sentenced for failing to provide medical assistance to his toddler stepson, who was violently assaulted by his mother before his death. The man, who cannot be named for legal reasons, was found guilty by a … Read more

U.S., EU reach deal to suspend taxes

U.S., EU reach deal to suspend taxes

Jack Daniel’s Tennessee Whiskey. Getty Images U.S. whiskey distillers are breathing a sigh of relief as they will avoid a looming 50% tax on shipments to Europe. The European Union said Tuesday it would extend the suspension of tariffs on U.S. whiskey until March 31, 2025. The 50% levy, which came in the context of … Read more

Over a half-billion dollars in rail freight stuck at Texas border

Over a half-billion dollars in rail freight stuck at Texas border

NBC NEWS — Pictured: Border Patrol Agents arrest 8 suspected illegals in Maverick County, near Eagle Pass, TX, as they try to ride a freight train into the United States from Mexico on February 27, 2007 — Photo by: Al Henkel/NBC NewsWire Nbc Newswire | Nbcuniversal | Getty Images Major railroads Union-Pacific and BNSF, a … Read more

Young boy, 7, who died after being struck by car in Balranald, NSW identified

Young boy, 7, who died after being struck by car in Balranald, NSW identified

A little boy who died after he was struck by a car in regional NSW has been remembered as “extraordinary” and “kind-hearted”, with his local community now rallying around his family after an already tough year. William Ellis, 7, was hit by a car on Market St in Balranald, near the NSW-Victorian border, on Wednesday … Read more

2 dead after Philadelphia news helicopter crashes in New Jersey

2 dead after Philadelphia news helicopter crashes in New Jersey

(NewsNation) — A photographer and pilot died after a Philadelphia news helicopter crashed in a New Jersey forest Tuesday night. WPVI’s helicopter had been returning from an assignment at the Jersey Shore when it went down in the area of Wharton State Forest around 8 p.m., NewsNation’s Philadelphia affiliate WPHL reported. New Jersey State Police troopers … Read more

AI can’t be patent ‘inventor,’ U.K. Supreme Court rules – National

AI can’t be patent ‘inventor,’ U.K. Supreme Court rules – National

Descrease article font size Increase article font size A U.S. computer scientist on Wednesday lost his bid to register patents over inventions created by his artificial intelligence system in a landmark case in Britain about whether AI can own patent rights. Stephen Thaler wanted to be granted two patents in the U.K. for inventions he … Read more

Bali dethroned by New Zealand as Australia’s number one travel destination this summer

Bali dethroned by New Zealand as Australia’s number one travel destination this summer

Could Australia’s love affair with Bali be waning? With its picturesque scenery, lively nightlife, food options, cheap flights and value for money, Australians flock to the Island of the Gods in big numbers every year. But new data suggests travellers are planning to skip Bali, and more broadly Indonesia, this summer. Watch the latest news … Read more