Visa Chairman & Former CEO Al Kelly to Step Down From Board
Visa Inc. said Chairman Al Kelly, the payments giant’s former chief executive officer, will leave the board in January.
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Delta Rolls Back Loyalty Program Changes That Steamed Travelers
Delta Air Lines Inc. is rolling back some of the widespread and unpopular changes to its SkyMiles loyalty program, trimming the increase in requirements for various status levels and adding access to its airport lounges. But the shift to using cash spent, not miles flown, in calculating rewards remains in place.
C4K Latest: Ariel’s Hobson Sees Recession ‘At Some Point’
Ariel Investments Co-Chief Executive Officer Mellody Hobson said she thinks the US will face a recession “at some point” but that it won’t cause a hard landing since businesses are financially stable and corporate balance sheets are strong.
GOP’s Jim Jordan Loses Ground in Second House Speaker Ballot
Trump loyalist Jim Jordan lost ground Wednesday in his second ballot for US speaker, imperiling his candidacy for the job as Republicans struggle to fill a leadership vacuum that has paralyzed the House.
Musk Calls on Supreme Court to Curb SEC’s Use of In-House Judges
Elon Musk, the billionaire who has tangled repeatedly with the Securities and Exchange Commission, urged the US Supreme Court to restrict the Wall Street regulator’s ability to press cases before its in-house judges.
Ford Says Strict Fuel Rules Will Cost It $1 Billion in Fines
Ford Motor Co. would face for the first time $1 billion in fines from 2027 to 2032 under stricter proposed average fuel economy rules that target SUV and truck manufacturers, according to a filing the Dearborn-based manufacturer has made with the federal government.
Amazon Starts Delivering Medications by Drone in Texas City
Amazon.com Inc. laid out plans to expand its still-experimental drone delivery effort, announcing the start of sending prescription medication by air and promising to start flights in Britain and Italy by late 2024.
NYSE, Nasdaq Volume Discounts for Brokers Threatened by SEC
The New York Stock Exchange and Nasdaq would no longer be able to offer a kind of special discount that rewards Wall Street brokerages for routing large amounts of trade orders to them under a new plan from the Securities and Exchange Commission.
Oil Rises as Hospital Blast Ratchets Up Middle East Tensions
Oil rose after Iran called for an embargo against Israel by Muslim countries, following a deadly explosion at a Gaza hospital that raised the risk of wider hostilities in the Middle East.
Israel Latest: Biden Pledges Aid as US Vetoes Resolution at UN
President Joe Biden said he will ask Congress this week for “unprecedented support” for Israel as it prepares to crush Hamas, but also announced $100 million in US humanitarian aid for residents of Gaza and the West Bank.