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Rob Sabo

Business

UBS Financial Services Hit With $125 Million in Anti-Money Laundering Fines

Multiple federal agencies on Aug. 3 announced $125 million in fines levied against UBS Financial Services for repeatedly violating the Bank Secrecy Act.The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) said it fined UBS Financial $125 million for repeatedly failing to properly monitor...
Business

BMW Recalls 318,000 Vehicles, Says Overheated Starter Could Cause Engine Fire

BMW North America is recalling 318,495 vehicles over wear issues with the vehicles’ starters that could cause them to fail to start and, in extreme cases, lead to a fire in the engine compartment.The recall population includes some 2023–2024 Toyota Supra sports coupes (270),...
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Business

T-Mobile Says Customer Attrition Likely to Increase Next Quarter Due to Plan Migration

T-Mobile said on July 23 that it expects to see higher customer churn in...
Business

Icahn Enterprises Agrees to Sell Pep Boys to Mavis in $700 Million Deal

A Pep Boys sign is seen on the outside of the auto service and...
Business

GM Ramps Up Investments to Move Production Back to US, Introduces New Gas-Powered Cadillacs

General Motors said it will spend between $1 billion and $1.5 billion in 2026...
Business

US Used-Vehicle Inventory Increases to 47 Days Supply, Providing Slight Relief on Pricing

Pre-owned vehicles are displayed for sale at a Hyundai dealership lot in Austin, Texas,...
Business

Buyers Trading in Vehicles With Negative Equity Face Record Monthly Payments: Edmunds

The number of automobile owners trading in vehicles with negative equity continues to rise,...
Business

UnitedHealth Group Reports Strong 2nd-Quarter Earnings, Lifts Full-Year Guidance

The UnitedHealth Group headquarters in Minneapolis on July 12, 2019. Jim Mone/AP PhotoUnitedHealth Group...
Business

26 Employees Sue Meta, Allege Unfair AI Selection for Layoffs

Twenty-six current and former employees of Meta are suing the social media and technology...
Business

IBM Shares Plunge After Warning of Worse-Than-Expected Earnings

Shares of IBM plummeted more than 26 percent in early trading on July 14...
Business

Global Smartphone Shipments Hit 13-Year Low in 2nd Quarter Amid Memory Chip Shortage

A shortage of memory chips for smartphones due to chip manufacturers shifting priorities to...
Business

Nearly Two-Thirds of Americans Willing to Pay More for Homes in Walkable Communities: NAR

Homes in Staten Island, N.Y., on April 10, 2025. Samira Bouaou/The Epoch TimesAlmost two-thirds...
Artificial Intelligence

AI Companies Absorbing Office Space at Record Pace: Report

Downtown San Francisco is seen from above on Feb. 6, 2019. Josh Edelson/AFP/Getty ImagesArtificial...
Business

Fiat Brings Micro Mobility to US Markets With Introduction of Topolino EV

Multinational auto manufacturer Stellantis on July 7 introduced the compact Fiat Topolino to U.S....
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Africa News

Navy Meets With Families of USS Lincoln Personnel Amid Concerns About Mideast Deployment

U.S. Sailors taxi aircraft to a staging point on the flight deck of Nimitz-class...
Africa News

Canadian Air Forces First New Refuelling Jet Will Arrive in Late 2027

The shadow from a Royal Canadian Air Force CC-330 Husky is seen as it...
Africa News

Chinas Beidaihe Meetings Focus on 2027 Leadership, AI, and Chip Push

Chinese Communist Party (CCP) leaders are using their annual Beidaihe retreat to begin laying...
Business

More Companies Shift Away From Traditional Group Health Insurance: Report

A growing number of U.S. employers are moving away from traditional group health insurance...