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Macy's, T.J. Maxx, and dozens more hiked store credit card rates just before Fed cuts

Quartz

qz.com › macys-tjx-store-credit-cards-hike-fed-cuts-bankrate-1851705969

To shore up their profit margins, at least 50 major U.S. retailers, including Macy’s and T.J. Maxx owner TJX (TJX), hiked interest rates on their store credit cards ahead of the Federal Reserve’s anticipated rate cuts, according to a Bankrate survey that analyzed data from 100 of the nation’s largest retailers.

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RyanAir and easyJet are getting called out for their 'abusive' luggage fees

Quartz

qz.com › ryanair-easyjet-budget-airlines-abusive-luggage-fees-1851705790

Five budget airlines, including Ryanair (RYAAY) and easyJet (EZJ), were fined a total of 179 million euro ($186 million) on Friday for their “abusive practices,” including charging extra for additional luggage.

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Apple is giving Siri a makeover to compete with AI chatbots

Quartz

qz.com › apple-siri-ai-chatbot-chatgpt-gemini-voice-assistant-1851705775

Popular new chatbots, starting with OpenAI’s 2-year-old ChatGPT and the wave of AI assistants that followed, have become increasingly conversational. Now, Apple (AAPL) is looking to make its pre-teenaged voice assistant, Siri, a competitor in the space.

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Airbus-SpaceX trash talk, Boeing layoffs, Spirit's delisting, and more: Airline news roundup

Quartz

qz.com › boeing-layoffs-spirit-airlines-delisted-airline-roundup-1851705206

The CEO of Airbus got a little chippy talking about orbital rival SpaceX. The first Boeing layoff notices have officially begun trickling out. Spirit Airlines has officially been delisted by the New York Stock Exchange post-bankruptcy declaration. Plus: The most popular airline routes in America.

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Oura rings to track blood sugar, Vaccines vs RFK Jr., and Ozempic 2.0: Pharma news roundup

Quartz

qz.com › oura-ozempic-vaccines-rfk-jr-1851705369

Oura smart rings will soon be able to help users track their blood sugar levels through a new partnership with Dexcom (DXCM), the maker of the U.S.’s first over-the-counter continuous glucose monitor.

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Walmart's big win, Target's huge miss, and Costco's membership deal: Retail news roundup

Quartz

qz.com › amazon-walmart-target-black-friday-deals-1851705425

Walmart is hitting the sweet spot with both high- and low-income shoppers. However, the retail giant is feeling the pressure from the rise of popular GLP-1 drugs like Ozempic, and warns prices may increase if President-elect Trump’s tariffs are enacted. Meanwhile, Target is struggling to balance consumer demand and…

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Target's earnings miss isn't about the U.S. port strike. Here's what happened

Quartz

qz.com › target-q3-2024-earnings-miss-port-strike-supply-demand-1851705255

When Target’s (TGT) earnings fell drastically short of expectations on Wednesday, executives pointed to the U.S. port strike as a key factor. However, the retailer’s troubles – which pushed its stock down 21% to a one-year low – go much deeper than shipping costs and an inventory glut.

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