Capital One to Pay $425 Million to Settle Suit Over Savings Accounts

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Capital One agreed to pay a $425 million settlement after it faced nationwide litigation accusing it of cheating savings depositors out of higher interest rates by failing to advertise higher-yield accounts, according to a federal court filing. The preliminary settlement, which is pending a judge’s approval, was filed in a notice on Friday in the […]


Elon Musk and DOGE’s Savings May Be Erased by New Costs

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President Trump and Elon Musk promised taxpayers big savings, maybe even a “DOGE dividend” check in their mailboxes, when the Department of Government Efficiency was let loose on the federal government. Now, as he prepares to step back from his presidential assignment to cut bureaucratic fat, Mr. Musk has said without providing details that DOGE […]


Musk Allies Discuss Deploying A.I. to Find Budget Savings

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As Elon Musk sweeps through the federal government, those close to the billionaire are touting one particular tool in their arsenal: artificial intelligence. Mr. Musk, who leads a bevy of technology companies, including SpaceX, Tesla, X and xAI, has been tasked by the Trump administration with drastically reducing federal spending through the so-called Department of […]


Thousands of Americans see their savings vanish

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Oscar Wong | Moment | Getty Images For 15 years, former Texas schoolteacher Kayla Morris put every dollar she could save into a home for her growing family. When she and her husband sold the house last year, they stowed away the proceeds, $282,153.87, in what they thought of as a safe place — an […]