Why ‘wardrobing’ retail fraud soars in the summer
A particular type of retail fraud soars during the summer season. “Wardrobing,” in which a shopper buys an expensive item, wears it with the tags on, and then returns the…
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In a reversal, Disney’s media assets are starting to generate more excitement than its parks
Here’s a surprise: Disney’s media business isn’t weighing down the company anymore. The primary Disney investor narrative since 2022 has been how streaming losses, combined with a declining traditional pay TV…
Google’s antitrust ruling has experts looking to 25-year-old Microsoft case for answers
In ruling Monday that Google has held a monopoly in internet search, U.S. judge Amit Mehta invoked the company at the center of the most famous tech antitrust case in U.S. history: Microsoft.…
Microsoft fires back at Delta after massive outage, says airline declined ‘repeated’ offers for help
Microsoft fired back at Delta Air Lines on Tuesday accusing the carrier of not modernizing its technology before it canceled thousands of flights in the wake of last month’s global massive IT outage. Delta CEO Ed…
Markets are counting on the Fed to head off recession with sizable interest rate cuts
In the market’s eyes, the Federal Reserve finds itself either poised to head off a recession or doomed to repeat the mistakes of its recent past — when it was…
Weekly mortgage refinance demand soars 16% as rates sink to lowest level in over a year
Mortgage interest rates dropped last week to the lowest level since May 2023, causing a surge in mortgage demand from both homebuyers and especially current homeowners. Total mortgage application volume…
Ford turns ‘dirty’ business into a profit driver. GM and Stellantis are taking notice.
DETROIT — A once “dirty” word, and business, in the automotive industry has become a multibillion-dollar battleground for U.S. automakers, led by Ford Motor. The Dearborn, Michigan-based automaker has turned its…
Americans who moved abroad say this big expense isn’t worth it
Alex Ingrim knows a lot about how to move to a new country. He was studying in San Diego when a study abroad trip to France led him to meet his…
U.S. stocks close higher, bouncing back from deep sell-off
Stock indexes had a mild rebound following a significant sell-off Monday that resulted in the market’s worst day in almost two years. The S&P 500 and the tech-focused Nasdaq Composite…
Disney raises streaming prices for Hulu, Disney+ and ESPN+
Disney is raising prices on its streaming platforms. Starting mid-October, most plans for Disney+, Hulu and ESPN+ will cost $1 to $2 more per month, according to a press release Tuesday.…