A bipartisan push in Washington to clamp down on credit card fees is pitting retailers like Walmart against network payment processors such as Visa. Bipartisan support for the Credit Card Competition Act has surged since it was introduced last year. “It’s time to inject real competition into the credit card network market, which is dominated … Read more
ESPN is laying off about 20 on-air personalities. Cuts include NBA analysts Jeff Van Gundy and Jalen Rose. The cost-cutting efforts come as ESPN tries to meet its financial targets for 2023 and beyond. ESPN Chairman Jimmy Pitaro Steve Zak Photography | FilmMagic | Getty Images Disney’s ESPN on Friday is informing about 20 of … Read more
JetBlue is preparing to cut scores of weekly flights in the New York City area this spring and summer in response to a shortage of air traffic controllers. Last week, the Federal Aviation Administration unveiled a new plan to help avoid a repeat of 2022’s flight disruptions. “We don’t want to pull down flights,” CEO … Read more