If you had a bad experience flying this summer, know that you weren’t alone.
More than 5,800 complaints about airlines were filed last June—an increase of nearly 270% compared to the same month in 2019, according to new data from the Department of Transportation (DOT). As analysts predicted, airlines faced staffing shortages, weather issues, and pent-up demand for getaway vacations, which led to a surge in cancellations and delays.
Some help is on the way. On Wednesday, several major U.S. airlines—including American Airlines, Delta Air Lines, United Airlines, JetBlue Airways and Southwest Airlines—updated their customer service agreements by committing to pay for travelers’ meals and hotel accommodations if they delayed or canceled flights due t…
More than 18 million Americans were behind on their credit card payments at the end of 2022. And with climbing interest rates amid decades-high inflation, that debt is getting very expensive.
Anyone with debt knows that it can cast a long shadow over household finances. Credit card debt in particular is rising at its fastest clip in more than 20 years as Americans owe a record $986 billion on their credit cards, a 14.7% increase from a year ago, according to a new report from the Federal Reserve Bank of New York.
Read More: How to Consolidate Your Credit Card Debt
As the Fed continues to raise interest rates to contain inflation, credit card holders are feeling the pinch of higher borrowing costs. Average credit card rates, at 19.9%, are at th…
Elon Musk was issued a subpoena by the US Virgin Islands in its lawsuit accusing JPMorgan Chase & Co. of knowingly benefiting from Jeffrey Epstein’s sex-trafficking.
The U.S. territory said in court papers it had reason to believe Epstein may have referred or attempted to refer Musk to JPMorgan as a client. Several other billionaires, including the Google co-founders Larry Page and Sergey Brin, have also been issued subpoenas by the USVI.
Musk’s attorney Alex Spiro didn’t respond to questions about the subpoena via email, but the Tesla Inc. chief executive officer addressed the issue on Twitter in a response to a posted article, calling it “idiotic.”
