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Vanguard fined more than $100 million by SEC over violations involving target date retirement funds

Asset management giant Vanguard has been fined more than $100 million to settle charges related to disclosures around target date investment funds,…

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Investors pitch new international basketball league that would offer players equity

A group of high powered investors want to raise billions to form a new international basketball league, according to people…

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American Express to pay $230 million to settle DOJ fraud probe, deceptive marketing claim

American Express will pay a total of about $230 million to resolve federal wire fraud investigations, and to settle civil allegations…

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Target says its holiday sales were better than expected — but its profits weren’t

Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly…

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JPMorgan Chase posts record profit as the bank’s massive scale pays off

JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most…

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Citibank customers report fraud alerts and account access issues

Numerous Citibank customers reported receiving fraud alerts and having difficulty accessing their accounts Wednesday. According to DownDetector.com, which tracks reports…

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Biden administration seeks to avoid default crisis for student loan borrowers as garnishments resume

This year, for the first time in roughly five years, borrowers who have defaulted on their federal student loan debt…

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Capital One acknowledges ‘outage’ as users report issues accessing deposits

Capital One said an unspecified technical issue was hampering customer account access, as some users reported issues with direct deposits.…

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Disney wins the 2024 box office as year-end receipts offer a welcome boost

Foul-mouthed superheroes and family-friendly fare propped up the domestic box office during the final months of 2024. Full-year ticket sales…

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There’s been a ‘meaningful shift’ in CEO confidence since Trump’s election, says Goldman’s Solomon

The election of Donald Trump in November and a swing back to Republican power in Washington is already starting to make an…

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