Chase is giving customers one extra day before charging overdraft fees, which still yield billions of dollars for banks

JPMorgan Chase JPM, +0.48% Customers are getting a little more breathing room on overdraft fees, but not as much as some other big banks are allowing. Earlier this week, Chase customers were given one extra day to cover an overdraft before they’re charged an insufficient funds fee of $34. The change is among many actions … Read more

Levi Strauss Uses More Frequent Financial Forecasts to Confront Uncertainty

Levi Strauss & Co. is adjusting its financial targets more frequently, setting them every six months instead of annually as it faces an uncertain economic outlook. The San Francisco-based denim maker switched to a six-month financial planning cycle last year after pandemic-driven changes to the economy demonstrated a need for midyear updates, according to Chief … Read more

Here is what AT&T is giving investors in WarnerMedia spinoff, and how it will work

AT&T Inc. detailed its plans for the spinoff of WarnerMedia on Friday, with investors eventually expected to receive a share of the new streaming-media entity for every four AT&T shares they own. AT&T T, -1.95% is in the process of spinning off its WarnerMedia business in a combination with Discovery Inc. DISCA, which executives have … Read more

Cards Are Still Worth Playing

Investors in credit-card companies have beat the odds lately. Now they will have to decide whether to cash in their winnings or keep rolling the bet. Shares of many companies in the business of card payments have held up in a turbulent year. Discover Financial Services DFS 3.04% and Visa V -1.11% are down a … Read more

Is the Dress Shirt Dead?

AT THE RISK of triggering horrible, gingham-tinged flashbacks, let’s revisit the Zoom shirt. For at least a year, starting in March 2020, these inoffensive, often gingham or plaid shirts were what homebound men and women wore on video call after video call. Suits were mothballed. Ties? Forget about it. But the button-up Zoom shirt—even if … Read more

Japan’s Geisha Turn To TV Gigs, Curry Ads to Revive a Declining Art

KYOTO, Japan—On Christmas Day last year, three dozen geisha danced, sang and talked before several hundred guests at a luxury hotel in Japan’s ancient capital. Their ancient sisters would have been shocked. For centuries, Kyoto’s geisha reserved their art for a moneyed few behind closed paper doors. Dressed in ornate kimono, they danced in customary … Read more

Here’s a Look at Some Numbers Behind Elon Musk’s Bid to Acquire Twitter

I have an urgent message for Elon Musk: When the number 58,008 is turned upside down on a calculator, the 8s looks like Bs and the 5 a bit like an S, yielding an informal anatomy term that gets a laugh from young schoolboys every time. Rhymes with “tubes.” It’s a potential game-changer for the … Read more

A retired nurse lost $43,000 to bitcoin — watch out for red flags online

A New York retired nurse lost $43,000 of her life savings to bitcoin scammers, after transferring the money to them through a malicious computer pop-up – an unfortunate reminder to be vigilant when it comes to your money. Retirement Tip of the Week: Be careful of what sites you trust, and if a pop-up or … Read more

Anglo Pacific Logs Record Profit, Sees Very Strong Business Outlook — Commodity Comment

By Jaime Llinares Taboada Anglo Pacific Group PLC on Wednesday reported a record profit for 2021 and said that the outlook for the business is very strong due to an increase in commodity prices. Here’s what the royalty and streaming company had to say: On 2021 performance: Record annual portfolio contribution of $85.6 million (2020: … Read more

Lululemon Posts Stronger Sales, Profit Room for Omicron Weighing on Business

Lululemon Athletica Inc. posted higher revenue and profit for the fourth quarter, becoming one of the few direct-to-consumer brands to find growth amid rampant supply-chain challenges and the emergence of the Omicron variant. The athleisure company on Tuesday reported net revenues of $2.1 billion in the quarter ended Jan. 30, up 23% from the previous … Read more