Yesterday, United Airlines announced an astonishing $1.5 billion stock buyback plan—a handout to wealthy investors that comes as the airline giant reports $965 million in Q3 2024 earnings. The airline’s focus on investors over employees and customers has drawn criticism, with the Association of Flight Attendants-CWA (AFA) calling stock buybacks
Today, a new report from government watchdog Accountable.US revealed that six of the largest banks still reliant on junk fees—including, U.S. Bank, JP Morgan, and Wells Fargo—raked in $7.2 billion in service charges on deposit accounts, including over $1.2 billion in overdraft fees, in just the first half of 2024.
A new analysis from government watchdog Accountable.US found a major shipping corporation at the center of the International Longshoremen's Association (ILA) strike has spent over $6.5 billion on stock buybacks benefiting wealthy investors, while another company announced up to $101 million in buybacks with plans to potentially authorize more.
The Credit Card Competition Act would open the doors for competitors and drive down credit card fees
In a major win for struggling tenants, today the Biden-Harris administration announced that Invitation Homes -- the nation’s top corporate landlord for single-family homes -- agreed to a $48 million settlement to help refund consumers harmed by the company’s illicit behavior including “deceiving renters about lease costs, charging undisclosed junk
Watchdog Launches: End Corporate Tax Giveaways Campaign
Today the Fed announced an interest rate cut of half a point, finally bringing rates down from a 23-year high as inflation continues to cool to a three year low.
Today, the U.S. Justice Department (DOJ) moved to modernize and strengthen its antitrust guidance involving banking mergers by subjecting the industry to the same 2023 Merger Guidelines the DOJ uses for other industries, rather than badly outdated bank merger guidance from nearly 30 years ago.
Today, Kroger reported $466 million in Q2 2024 earnings, with year-to-date earnings of $1.4 billion nearly doubling from 2023—sky-high totals that coincide with criticism that some grocery retailers continue to use inflation as an excuse to pad profits.
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