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A Bilt spokesman said that roughly 1,850 cardholders were affected and that it moved quickly to correct the errors.
For most of this year, investors have obsessed over one question: when will the Federal Reserve finally begin cutting interest rates?
The Treasury secretary questioned the need for an interest-rate hike.
PSEG beats Q2 earnings estimates as utility investments, higher realized prices and nuclear generation support results despite lower revenues.
The joint US-Japanese intervention has shifted market focus to whether the Yen can strengthen beyond 155 per dollar, a threshold seen as a key test for the rally's staying power. Mathieu Savary, Chief Strategist & Head of FICC at BCA Research spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the FX action.
Goldman Sachs Chief APAC Regional Equity Strategist Timothy Moe discusses Japan's macroeconomic environment following recent currency market intervention, warning that Japanese stocks risk a tactical pullback. However, he notes corporate earnings will likely remain intact and maintains a bullish view on structural market fundamentals.
Japan's historic joint intervention with the US is shifting market focus to whether the yen can strengthen beyond 155 per dollar, a threshold strategists view as a key test for the rally's staying power. The level carries significance far beyond standard technicals.
Revolut co-founder Nik Storonsky allegedly went behind his yacht broker's back to avoid paying around $20 million in commission.
The CNBC Business News Update with Jessica Ettinger features market numbers & news with CNBC expert analysis and sound from top business names. Updated throughout the business day.
Since the start of President Trump's second term, nine of the 10 top days for the S&P 500 have been spurred by de-escalation either involving tariffs or Iran.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Stocks are surging on a 2-week Iran ceasefire, but is this the all-clear or just a relief rally? What's safe to buy right now?
US stocks surged on Wednesday, capping a powerful global rally after a last-minute ceasefire agreement between the United States and Iran eased geopolitical tensions and triggered a sharp drop in oil prices. The two-week truce, announced by US President Donald Trump just hours before a self-imposed deadline for escalation, helped restore investor confidence after weeks of volatility driven by conflict in the Middle East.
Treasury bond trading surged to record daily volumes in March, averaging $1.4 trillion amid heightened geopolitical risks and shifting rate expectations. Primary Dealers now hold a record $510 billion in Treasuries, expanding positions as new SLR standards enable greater balance sheet flexibility.
A last-minute ceasefire pulls us back from the brink
