Capital One Financial is set to acquire Discover Financial Services in a $35.3 billion all-stock deal. Under the agreement, Discover shareholders would receive 1.0192 Capital One shares for each Discover share or about a 26% premium from Discover’s Friday closing price of $110.49. The companies said they expect the deal to close in late 2024 or early 2025, after […]Read More
Capital One Financial is set to acquire Discover Financial Services in a $35.3 billion all-stock deal. Under the agreement, Discover shareholders would receive 1.0192 Capital One shares for each Discover share or about a 26% premium from Discover’s Friday closing price of $110.49. The companies said they expect the deal to close in late 2024 or early 2025, after […]Read More
The Alabama Supreme Court ruled Friday that frozen embryos are people and someone can be held liable for destroying them, a decision that reproductive rights advocates say could imperil in vitro fertilization (IVF) and affect the hundreds of thousands of patients who depend on treatments like it each year. The first-of-its-kind ruling comes as at […]Read More
Wisconsin’s governor on Monday signed into law new maps that redraw voting lines for state legislative seats and undo a decade of gerrymandering that favored Republicans across the state. Gov. Tony Evers (D) said the overhaul was a step toward “a fair, independent, and nonpartisan redistricting system.” The new maps were approved by the Republican-controlled […]Read More
MADISON HEIGHTS, Mich. — The Biden-Harris pep rally at a union hall here was thrown together quickly, not wanting Donald Trump’s visit to Oakland County the next day to go unchecked. The two events could not have been more different, either in scale or in tone. A small community of Democratic activists came Friday, seeking […]Read More
Young adults’ wealth is growing, but they’re still living and spending in the here and now. Many feel they don’t have a choice. The net worth of Americans ages 18-39 surged by 80% from the start of 2019 to the third quarter of last year, Federal Reserve Bank of New York research shows, blowing past […]Read More
As consumers continue to struggle with persistently high inflation, Target is unveiling a low-price, in-house brand it’s calling dealworthy. Target’s dealworthy products will start at less than $1, with most items coming in under $10, the company said. The retailer is marketing some 400 items under the label, including apparel and accessories, essentials and beauty, […]Read More
Cruise, the driverless car company owned by General Motors, is back in the spotlight after another close call with a pedestrian. The California Department of Motor Vehicles is investigating allegations that a self-driving vehicle operated by Cruise nearly hit a 7-year-old boy after it failed to yield to him and his family while they crossed […]Read More
Stock markets threw a tantrum Tuesday, posting big losses after slightly hotter-than-expected inflation data stoked worries that interest rate cuts may not be coming soon. But don’t freak out. Markets tend to overreact. January’s consumer price index report is just one number in an overall trend that has been moving steadily in the right direction. […]Read More
Stocks dropped on Tuesday after hotter-than-expected inflation data for January spiked Treasury yields and raised doubts that the Federal Reserve would be able to cut rates several times this year, a key part of the bull case for the equity market. The Dow Jones Industrial Average lost 524.63 points, or 1.35%, for its worst session since March […]Read More
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