Many Americans eye buy now, pay later to gain more financial flexibility: Survey

Nearly half of Americans (46%) said they would also consider BNPL an alternative financing method to credit cards or cash, according to a recent survey.

Target CEO: Retail theft may cost company over $1.2B this year

Target said it’s seeing an increasing number of violent incidents at stores, but doesn’t want to close stores because that hurts workers and the community.

ChatGPT's chief says AI should be regulated by a US or global agency

OpenAI CEO Sam Altman testified at a hearing saying that he supported the formation of an agency that would license the most powerful AI systems and have the authority to ensure compliance with safety standards.

Household debt hit record $17T last quarter as inflation squeezes Americans

New York Federal Reserve data released Monday shows household debt hit a fresh record in the first quarter of 2023 as high inflation squeezes Americans.

Fed's May interest rate hike could harm regional bank lending, mortgages, expert warns

The Federal Reserve's latest interest rate increase has been harmful to the balance sheets of small regional banks and has impacted their ability to lend, according to the National Association of Realtors.

3M fires executive over inappropriate conduct weeks after promotion

3M has fired prominent company executive Michael Vale due to “inappropriate personal conduct and violation of company policy,” the maker of Post-it notes, industrial coatings and ceramics announced on Monday.

Amazon to increase delivery speed while cutting costs

Amazon.com has overhauled its logistics network in an attempt to reduce how far packages have to travel in an attempt to speed deliveries.

Biden administration approves $42B in student loan forgiveness under updated PSLF program

The Department of Education has approved $42 billion in student loan forgiveness through recent changes to the PSLF program, designed to provide debt relief to borrowers in the non-profit, public service and governmental fields.

Mother's Day at Cedar Creek Settlement Shops, mom and son team up

For Mother's Day, The Shops of Cedar Creek Settlement in Cedarburg was open and ready to serve. In place of pampering or breakfast in bed, two moms worked nonstop to ensure customers were happy.

Tesla owners sue, claiming software update killed EV battery life

Some Tesla owners have reportedly paid third parties as much as $750 to reverse battery-related software updates, the lawsuit claims.

Mortgage rates dip on positive inflation data: Freddie Mac

The average rate for a 30-year fixed-rate mortgage dropped to 6.35% for the week ending May 11, according to Freddie Mac's Primary Mortgage Market Survey.

Gas prices decrease amid market uncertainty: AAA

Average gas prices dipped to $3.53 per gallon for the week ending May 11, 2023, AAA reported. The low cost of oil has kept gas prices on the decline despite a rise in gas demand, AAA said.

Linda Yaccarino named new Twitter CEO

Musk said Twitter's new CEO “will focus primarily on business operations, while I focus on product design & new technology.”

McDonald's found liable for hot chicken nugget that burned child's leg

The jury heard two days of testimony and arguments about the 2019 episode that left the 4-year-old girl with a burned upper thigh.