Consumers are spending more and saving less, new federal data shows
Both consumer spending and personal income increased, according to the latest report from the Bureau of Economic Analysis. However, spending growth outpaced income growth.
Recommended Stories
Yahoo FinanceLowe's beats estimates, even as DIY consumers pull back
Home Depot earnings showed Wall Street with what to expect from Lowe's.
- Engadget
Apple is battling a $2 billion EU fine over App Store practices
Apple has reportedly filed a formal challenge against a €1.8 billion ($1.95 billion) that the European Union handed down earlier this year. The bloc had determined that Apple restricted rival music streaming apps on the App Store.
- Engadget
Microsoft unveils Copilot for Teams
Microsoft has expanded Copilot's abilities beyond that of a personal assistant.
- Engadget
Ooni's Memorial Day sale discounts pizza ovens by up to 30 percent
Ooni has discounted its pizza ovens by up to 30 percent as part of a Memorial Day sale. The most notable item here is the Ooni Frya 12 wood pellet pizza oven, which is $245 as part of the sale.
- TechCrunch
Conservative cell carrier Patriot Mobile hit by data breach
U.S. cell carrier Patriot Mobile experienced a data breach that included subscribers’ personal information, including full names, email addresses, home zip codes, and account PINs, TechCrunch has learned. Patriot Mobile, which reportedly has fewer than 100,000 subscribers, bills itself as “America’s only Christian conservative wireless provider and our mission is to passionately defend our God-given Constitutional rights and freedoms while glorifying God.” A hacker who claimed responsibility for the breach provided TechCrunch with a sample of data stolen from Patriot Mobile.
- Engadget
Ayaneo's latest handhelds are inspired by the Game Boy and GB Micro
Ayaneo just announced a bunch of new products, including the portable gaming consoles Pocket DMG and Pocket Micro. The company also announced a new mini PC.
- Yahoo Life Shopping
Knife nicks, no more: These No. 1 bestselling, cut-resistant gloves are just $13 for Amazon's Memorial Day Sale
'Great for butterfingers!' joked one of 29,000 (and counting) five-star fans.
- TechCrunch
Microsoft intros a Copilot for teams
Microsoft wants to make its brand of generative AI more useful for teams -- specifically teams across corporations and large enterprise organizations. This morning at its annual Build dev conference, Microsoft announced Team Copilot, the latest expansion of its Copilot family of generative AI tech. Unlike Microsoft's previous Copilot-branded products, Team Copilot isn't so much a point solution as a set of capabilities together aimed at "improving collaboration" and "streamlining project management."
- Autoblog
McLaren reveals one-off Senna-inspired livery for Monaco GP on both F1 and the road car
McLaren is headed to Monaco with a radically new one-off race livery meant to celebrate the late Ayrton Senna.
- Yahoo Finance
Macy's beats lowly Q1 estimates as it weighs between a turnaround and a buyout
Macy’s recorded another quarter of sales declines, but not as much as Wall Street feared.
- TechCrunch
Vitesse, a payments and treasury management platform for insurers, raises $93M to fuel US expansion
U.K. fintech Vitesse has closed a $93 million Series C round of funding led by investment giant KKR. KKR said it's making the investment through its Next Generation Technology Growth Fund III, a $3 billion fund it closed last year. Founded out of London in 2013, Vitesse is the handiwork of Paul Townsend and Phil McGriskin, who had sold an e-commerce payments company called Envoy to WorldPay back in 2011.
- Yahoo Sports
Veteran WR DeVante Parker retiring after nine seasons in the NFL, just months after signing with Eagles
DeVante Parker struck a deal to join the Eagles earlier this offseason.
- Yahoo Finance
The coming Supreme Court decisions that could ripple across the business world
The nation's highest court is expected to make rulings that could limit the reach of social media, the ability of federal agencies to crack down on companies, and the power of bankruptcy courts to shield powerful parties from liability.
- Yahoo Tech
I review tech for a living, and these are the 30+ best early Memorial Day deals: Save big on TVs, laptops and more
Some early Memorial Day wins: 40% off of Apple AirPods, 50% off a Samsung 55-inch Smart TV and $100 Beats Studio Pro headphones.
- TechCrunch
Fintech lender SoLo Funds is being sued again by the government over its lending practices
The Consumer Financial Protection Bureau (CFPB) is suing SoLo Funds, a fintech company that enables peer-to-peer lending, alleging that the company used “digital dark patterns” to deceive borrowers and illegally took fees while advertising to consumers that there were no fees. “The CFPB is suing SoLo for using digital trickery to hide interest and fees on its online loans,” CFPB Director Rohit Chopra said in a May 17 press release announcing the suit. The CFPB also alleges that the company misrepresented the cost of loans, interfered with the ability of consumers to understand what they were agreeing to, collected on loans they shouldn’t have and made false threats related to credit reporting.
- Yahoo Personal Finance
What is a cashier’s check, and how does it work?
If you need to make a large payment, a cashier’s check can be a more secure alternative to personal checks or cash. So how does a cashier’s check work? Here’s what you need to know.
- Yahoo Finance
JPMorgan predicts 2024 revenue boost as rate expectations shift
The nation's largest bank boosted expectations for a key revenue source in 2024 due partly to fewer rate cuts expected from the Federal Reserve.
- Engadget
HP Omnibook X hands-on: Vintage branding in the new era of AI
HP is streamlining its product portfolio and bringing back a name from the nineties amidst the AI PC era.
- Yahoo Sports
Dabo Swinney downplays the transfer portal & the House settlement nears
Dan Wetzel, Ross Dellenger and SI's Pat Forde react to Dabo Swinney's recent remarks about not using the transfer portal, why noon kickoffs are the worst, why small conferences are pushing back on the House settlement, and Dan's issues with a New York Times article on landscaping
- Yahoo Sports
Padres' Xander Bogaerts leaves game due to shoulder injury after diving for grounder
San Diego Padres second baseman Xander Bogaerts left Monday's game against the Atlanta Braves after injuring his shoulder while diving for a ground ball. Initial tests showed no serious damage.