Industry

JPMorgan Chase Aims to Attract 15% of US Consumer Deposits, Expand Credit Card Share

JPMorgan Chase Aims to Attract 15% of US Consumer Deposits, Expand Credit Card Share

JPMorgan Chase is reportedly striving to amass 15% of US consumer deposits and expand its credit card share.


Hurricane Beryl-Related Damage May Cost US Insurers $2.7 Billion, KCC Says

Hurricane Beryl is expected to cause approximately $2.7 billion in damages to US insurers, as estimated by catastrophe modeling firm Karen Clark & Co (KCC).

GM Receives $500 Million Grant From DOE For EV Production in Lansing Grand River Assembly Plant

General Motors (GM) has secured a $500 million grant from the US Department of Energy to support the production of EVs at its Lansing Grand River Assembly plant.

Delta Draws Flak Over Social Media Post on Palestinian Flag Pins

Delta Airlines recently came under fire for its response to a social media post about its flight attendants wearing Palestinian flag pins.


Latest News

Elon Musk's Neuralink Says Tiny Wires in First Human Patient's Brain Chip Now Stable
Elon Musk's Neuralink has announced that the tiny wires in the brain chip implanted in its first trial participant are now stable.
US Sanctions Are Compromising Russian Imports of Chinese Cars
US sanctions have created obstacles for Russian imports of Chinese cars. US sanctions have created obstacles for Russian imports of Chinese cars, which have been crucial for the domestic market in recent years.
US FTC to File Lawsuit Against 3 Biggest Prescription Drug Middlemen Over Insulin Prices: Report
The US Federal Trade Commission (FTC) is reportedly filing a lawsuit against the three biggest prescription drug middlemen over insulin prices.
BMW Recalls Over 390,000 US Cars Over Potential Issues With Takata Airbags
BMW has issued a recall for 394,000 cars in the US because of defective Takata airbag inflators that might cause severe or fatal injuries.
UK Economy Grows 0.4% in May: Official Statistics
The United Kingdom’s Office of National Statistics released the latest economic figures, which revealed that the country’s economy grew by 0.4% in May.
China's BYD Plans to Construct $1 Billion EV Factory in Turkey
China-based BYD has committed to constructing a $1 billion assembly plant for electric vehicles (EVs) in Turkey.
Delta Air Lines Strikes Deal With Riyadh Air to Operate Flights Between US and Saudi Arabia
Delta Air Lines and startup Riyadh Air have entered into a partnership to connect the US and Saudi Arabia with regularly operated flights.
Anonymous Messaging App NGL Banned From Serving Minor Users Following FTC Directive
The Federal Trade Commission (FTC) took a historic step by prohibiting the online messaging platform NGL from catering to users younger than 18.
Fifth Third Bank has agreed to pay $20 million to settle allegations about creating fake customer accounts and selling unnecessary car insurance.
Elon Musk's Starlink to Enter Telecoms Market of Sri Lanka After Changing Decades-Old Law
Sri Lanka has approved changes to its telecommunications law to allow Elon Musk's Starlink to establish operations in the South Asian nation.
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