Feds move to crack down on ‘excessive’ credit-card late fees
President Joe Biden is spotlighting new moves by the Consumer Financial Protection Bureau to cut excessive credit-card late fees that cost American families about $12 billion each year. The CFPB unveiled proposals that will potentially save Americans up to $9 billion a year by targeting late fees that are currently protected by an “expansive” immunity […]
American Express, Intel, Silvergate Capital and more
American Express, Visa and Mastercard signage are displayed in a shop window in New York.Scott Eells | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.American Express — The credit card company saw an 11% jump in its shares after it issued upbeat earnings and revenue guidance for 2023 that was better […]
Intel, Chevron, American Express, Silvergate and more
Intel said April 5, 2022 that it has suspended all business operations in Russia.Paco Freire/Sopa Images | Lightrocket | Getty ImagesCheck out the companies making headlines before the bell:Intel — The chipmaker suffered a 9% loss in its shares in early morning trading after its latest financial results missed analysts’ estimates and showed significant declines in the company’s sales, […]
Silvergate, Bed Bath & Beyond, Walgreens and more
Signage outside a Bed Bath & Beyond retail store in New York, Aug. 25, 2022.Gabby Jones | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Silvergate — Shares of the crypto-focused bank tumbled more than 42% after Silvergate disclosed massive customer withdrawals during the fourth quarter. The bank said it $3.8 billion […]
Silvergate Capital, Walgreens, Amazon and more
People walk by a Walgreens, owned by the Walgreens Boots Alliance, Inc., in New York City, November 26, 2021.Andrew Kelly | ReutersCheck out the companies making headlines and moves in premarket trading.Walgreens Boots Alliance — The drugstore stock fell about 2% in premarket even after the company reported fiscal first quarter earnings that beat analyst […]
CarMax, Micron, Under Armour and others
Check out the companies making headlines before the bell:CarMax (KMX) – The auto retailer’s stock slumped 12.7% in the premarket after its quarterly profit and revenue fell well short of estimates. CarMax earned 24 cents per share, compared with a consensus estimate of 70 cents, and its comparable used-vehicle sales were down 22.4% versus FactSet’s […]