The US Consumer Financial Protection Bureau worked with the financial-technology firm Bilt Technologies Inc. to learn how the firm addressed consumer concerns around a credit-card portfolio transition months after that switch occurred. The watchdog, which has largely been hollowed out under the Trump administration, said in a Tuesday statement that officials “met with Bilt to understand the issues...
The US Consumer Financial Protection Bureau worked with the financial-technology firm Bilt Technologies Inc. to learn how the firm addressed consumer concerns around a credit-card portfolio transition months after that switch occurred. The watchdog, which has largely been hollowed out under the Trump administration, said in a Tuesday statement that officials “met with Bilt to understand the issues caused by the transition and what steps Bilt has taken to ensure customers affected by challenges with the transition were made whole.” “Following our discussions and at our direction that Bilt ensures full redress, Bilt notified the CFPB that they proactively reached out to the limited number of potentially-affected customers and offered to reimburse them for any overdraft fees, late fees, or insufficient funds fees related to the transition,” the statement said. A Bilt spokesperson declined to comment on the CFPB statement. The action represents a different approach for the CFPB, which has become known for rolling back more enforcement actions than it has introduced since President Donald Trump returned to office. Acting Director Russell Vought has largely halted work at the bureau and promised to shutter the agency. Read More: Trump Watchdog Cut Enforcement, Aiding Toyota, Walmart, Apple Bilt and Wells Fargo & Co. ended their partnership earlier this year, directing customers to select one of three newly introduced Bilt credit cards by Feb. 1 or automatically receive a Wells Fargo credit card. Some customers who selected one of the new Bilt cards, however, still received cards from Wells Fargo. At the time, Bilt advised customers that “the card has no impact and can simply be destroyed or returned as it isn’t active and cannot be used.” Bilt is now running its card program with financial-technology company Cardless , Fidem Financial and bank partner Column. Democratic Senator Elizabeth Warren raised concerns around the Bilt change last week in a letter sent to Chief Exe...
E_Y_E/iStock Unreleased via Getty Images The stock market is sailing at all-time highs, but rather than be complacent about the balance of 2026, I am taking the opportunity to protect my portfolio from downside and rotate toward undervalued sectors that have less correlation to the broader AI, data center and semiconductor trends that have singularly driven this year's rally. That said, with so ma...
E_Y_E/iStock Unreleased via Getty Images The stock market is sailing at all-time highs, but rather than be complacent about the balance of 2026, I am taking the opportunity to protect my portfolio from downside and rotate toward undervalued sectors that have less correlation to the broader AI, data center and semiconductor trends that have singularly driven this year's rally. That said, with so many bargain stocks to choose from in the small and mid-cap space, we have the luxury of being choosy. American Eagle Outfitters ( AEO ), the clothing retailer and lifestyle brand, no longer looks as appealing to me after its recent comp sales momentum slows. Down ~40% since the start of the year, I unfortunately see fewer near-term catalysts that can spark a rebound here. Data by YCharts I last wrote a buy opinion on American Eagle in March, when the stock was trading near $18 per share. Since then, a very disappointing Q1 earnings print has sent shares of American Eagle down ~15%, even though the rest of the stock market has soared to new all-time highs. While I do think that a cheap valuation puts a floor on American Eagle's recent slide, I'm disappointed in the fact that the core American Eagle brand's late-2025 resurgence appears to be more of a temporary social media moment. Amid intensifying retail competition as apparel brands slash prices to appeal to cost-conscious consumers, I'm dropping my rating on American Eagle to neutral. To me, at current share prices, American Eagle is a relatively mixed bag of positives and negatives. On the bright side for the company: Aerie surge. The company's Aerie brand, which is a women's loungewear and intimates line, has been showcasing >20% comp sales growth: an incredible figure that is carrying the entire company, more than offsetting weakness in the flagship American Eagle brand. The focused Aerie lineup distinguishes American Eagle from other peer brands like Abercrombie & Fitch, and it's growing to nearly half of overall compa...
(RTTNews) - The Indonesia stock market on Tuesday snapped the two-day slide in which it had given up almost 80 points or 1.3 percent. The Jakarta Composite Index now sits just beneath the 6,200-point plateau and it's expected to open to the upside again on Wednesday.
(RTTNews) - The Indonesia stock market on Tuesday snapped the two-day slide in which it had given up almost 80 points or 1.3 percent. The Jakarta Composite Index now sits just beneath the 6,200-point plateau and it's expected to open to the upside again on Wednesday.
(RTTNews) - Shopify Inc.(SHOP, SHOP.TO), a Canadian e-commerce company, announced that its Board of Directors has authorized an additional $3 billion for the repurchase of Class A subordinate voting shares, bringing its aggregate repurchase authorization to $5 billion.
(RTTNews) - Shopify Inc.(SHOP, SHOP.TO), a Canadian e-commerce company, announced that its Board of Directors has authorized an additional $3 billion for the repurchase of Class A subordinate voting shares, bringing its aggregate repurchase authorization to $5 billion.
Shares of Wix (NASDAQ: WIX) fell an astonishing 24.9% in May, according to data from S&P Global Market Intelligence . While the rest of the market is soaring, Wix has been left in the dust because of a recent earnings report with a double whammy of soaring costs due to artificial intelligence ( AI ) use cases and a narrative around its core website-building platform becoming an AI loser. Now, the ...
Shares of Wix (NASDAQ: WIX) fell an astonishing 24.9% in May, according to data from S&P Global Market Intelligence . While the rest of the market is soaring, Wix has been left in the dust because of a recent earnings report with a double whammy of soaring costs due to artificial intelligence ( AI ) use cases and a narrative around its core website-building platform becoming an AI loser. Now, the stock is trading near its lowest level in 10 years. Here's why investors are bearish on Wix, and whether the stock is a good buy right now. As a website-building platform, investors are very worried that AI is coming for Wix's lunch. The theory goes that if potential customers can use a chatbot to spin up a fully functional website, there is no need for Wix's templates. Continue reading
Tesla Inc. could be reaping the benefits of the China-Canada EV agreement despite earlier criticism from President Donald Trump following the deal. Tesla Accounts For More Than 10% Of Chinese Imports According to a report by Drive Tesla Canada on...
Tesla Inc. could be reaping the benefits of the China-Canada EV agreement despite earlier criticism from President Donald Trump following the deal. Tesla Accounts For More Than 10% Of Chinese Imports According to a report by Drive Tesla Canada on...
For years, Hong Kong’s obituary has been repeatedly written by international commentators. Geopolitical tensions, pandemic isolation, concerns over capital flight and questions surrounding the city’s future contributed to a narrative of irreversible decline. In many Western analyses, the assumption that Hong Kong’s best days as an international financial centre were behind it became almost automat...
For years, Hong Kong’s obituary has been repeatedly written by international commentators. Geopolitical tensions, pandemic isolation, concerns over capital flight and questions surrounding the city’s future contributed to a narrative of irreversible decline. In many Western analyses, the assumption that Hong Kong’s best days as an international financial centre were behind it became almost automatic. Yet the latest global wealth management data tells a very different story. According to...