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BUSINESS17h agoBank of America hit with $1.2 billion penalty over money laundering allegationsThe Treasury Department on Tuesday announced more than $1.2 billion in penalties against Bank of America for years of failures to report suspicious transactions and address shortcomings in its anti-money-laundering program.Why it matters: The action includes the third-largest penalty in Treasury history.What they're saying: "Today's actions send a clear message that even the biggest financial institutions are not above the law," Treasury Secretary Scott Bessent said in a press release.The big picture: The civil action comes less than a week after federal regulators fined American Express $350 Axios
BUSINESS17h agoUnited Airlines is making it harder to reach its top frequent flyer status in 2027United Airlines is doing away with flight segment as a way to reach Premier status and increasing the spending requirements for Premier 1K.CNBC
BUSINESS17h agoIt's official | Social Security will send payments of up to 5181 dollars this October 14: who are the beneficiariesLa fecha de nacimiento determina qué beneficiarios recibirán el próximo pago del Seguro Social.Quiénes cobran en esta fecha y qué condiciones permiten alcanzar el monto máximo.Clarín
BUSINESS17h agoSix Flags Entertainment plunges 14% after fatal roller coaster incidentSix Flags Entertainment's stock has plunged 14% following a fatal roller coaster incident. This significant drop reflects the market's reaction to the safety event.Seeking Alpha Tech
BUSINESS17h agoWhat’s fueling inflation? Fuel.The final CPI report before the midterms is expected to reflect soaring energy costs compounded by higher airfares, pricier iPhones and rising car prices.NBC News
BUSINESS17h agoThe World Cup was bad for some businesses in Los AngelesA hotel-association study finds the tournament delivered the weakest boost of any recent mega-event, with workers' hours cut and short-term rentals pulling ahead.LA Times
BUSINESS18h agoAvio, Lockheed sign agreement for solid rocket motor productionThe deal will pave a path for Avio USA to become a new provider of motors on Lockheed Martin’s Extended Range GMLRS and the Precision Strike Missile.Breaking Defense
BUSINESS18h agoUS hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws - AP NewsUS hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws AP NewsAP News
BUSINESS18h agoIran war costing US households average of $2K each: Moody’sThe war in Iran has cost the average American household $2,000 so far, according to estimates shared Monday by Mark Zandi, chief economist at Moody’s Analytics. “Consider that the war’s costs taken together have absorbed about half the average American household’s income gain over the past eight months,” Zandi wrote on social platform X. “No…The Hill
BUSINESS18h agoBank of America fined $1.2 billion over money-laundering violationsThe action by the Treasury Department was announced less than a day before Bank of America reports quarterly earnings.CNBC
BUSINESS18h agoKaiser Aluminum declares $0.77 dividendKaiser Aluminum has declared a dividend of $0.77 per share. This is a routine financial announcement from the company.Seeking Alpha Tech
BUSINESS18h agoDuPont declares $0.60 dividendDuPont has declared a dividend of $0.60. This is a standard financial announcement from the company.Seeking Alpha Tech
BUSINESS18h agoSnap stock breaks six-day winning streakSnap's stock has ended its six-day period of consecutive gains. This reports a development in the company's market performance.Seeking Alpha Tech
BUSINESS18h agoAT&T to sell AT&T Mexico to Grupo Televisa and Fintech Holdings for $2B in cashAT&T is set to sell its AT&T Mexico operations to Grupo Televisa and Fintech Holdings for $2 billion in cash. This represents a major corporate transaction in the telecommunications sector.Seeking Alpha Tech
BUSINESS18h agoBank of America ordered to pay historic $1.2 billion over alleged sanctions law violationsNBC News
BUSINESS18h ago~ Fall Open House Weekend - Long & Foster Real Estate ~Long & Foster is pleased to announce that our Fall Opecapegazette · united states of america
BUSINESS18h agoU.S. equities ended slightly lower as bank earnings kicked offU.S. equities experienced a slight decline in value as the reporting season for bank earnings began. This indicates a reaction in the stock market to initial financial results from the banking sector.Seeking Alpha Tech
BUSINESS18h agoBoston Fed's Collins expects another rate hike will be needed by year-endThe Boston Federal Reserve's Collins anticipates the necessity of another interest rate hike before the end of the year. This suggests a continued hawkish stance on monetary policy.Seeking Alpha Tech
BUSINESS18h agoBank of America fined $1.2bn over money laundering failuresUS bank failed to flag $5bn in suspicious transactions linked to suspected illicit finance from China and the southern US borderFinancial Times
BUSINESS18h agoCVS to pay $315M settlement over allegations of illegally filling opioid prescriptionsThe Justice Department (DOJ) announced Tuesday that CVS Health has agreed to pay $315 million to settle lawsuits alleging the company illegally filled prescriptions for opioids and other controlled substances. The settlement resolves a lawsuit first filed in 2019 by former CVS employee Hillary Estright in 2019 under the whistleblower provision of the False Claims…The Hill
BUSINESS18h agoThe average price of new vehicles in the US approaches its historic highIn the US, the cost of new cars rose 0.9% in September, almost matching its historic high. The upward trend is moderated by the rise of more economical models. The price of electric vehicles fell 3% year-on-year, reducing the gap with combustion models to 11%, compared to 18% two years ago.Clarín
BUSINESS19h agoWilliams says Fed may not have to hike rates in 2027, at odds with tradersNew York Fed President John Williams sees one more rate hike in 2026 but no additional increase in 2027 as inflation pressures ease.CNBC
BUSINESS19h agoWho survives the 2027 Medicare Advantage reimbursement reset?The article discusses the potential impacts and survival implications for entities involved with Medicare Advantage due to a reimbursement reset scheduled for 2027. This signifies an important future financial change in the healthcare industry.Seeking Alpha Tech
BUSINESS19h agoCVS to pay $315M to feds over opioid prescription allegationsCVS will pay $315 million to federal authorities regarding allegations related to opioid prescriptions. This represents a substantial legal and financial consequence for the company concerning public health issues.Seeking Alpha Tech
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