Capital One says it is ditching all consumer overdraft fees, giving up $150 million in annual revenue

Capital One says it is eliminating all overdraft fees for retail banking customers. It’s the largest U.S. bank yet to end the industry practice of charging customers a hefty fee, typically $25 to $35 in each instance, for allowing transactions that exceed a customer’s balance, according to the McLean, Virginia-based lender. The move will cost […]

Salesforce fourth quarter guidance misses Wall Street expectations

Salesforce reported fiscal third-quarter earnings on Tuesday for the period ending Oct. 31, beating Wall Street expectations on earnings and sales. But shares fell over 6% in extended trading after earnings guidance for the fourth quarter fell short of expectations. Salesforce also named current President and COO Bret Taylor to be co-CEO alongside current CEO Marc Benioff. Benioff […]

BMW unveils high-performance XM hybrid electric concept vehicle ahead of U.S. production

BMW on Monday evening unveiled a new high-performance concept vehicle that previews an electrified crossover expected to begin production late next year in South Carolina. The new production car, called the BMW XM, will be available exclusively as a plug-in hybrid electric vehicle under the company’s “M” performance division, the automaker said. The concept car […]

Canada’s Maple Syrup Cartel Will Release 50% of Its Sugary Reserves Amid Shortfall

Canada’s government-sanctioned maple syrup cartel has a message for the world: Never fear, there will be syrup. The country’s Quebec Maple Syrup Producers, also commonly referred to as the “OPEC of maple syrup,” announced in recent days that it would release almost 50 million pounds (22.6 million kilograms) of syrup from its strategic reserve following […]