American bank holding company with US, Canada, UK footprint
Fidelity Investments has agreed to a $2.5 million class-action settlement for failing to prevent a 2024 data breach that compromised 77,000 customers and others. Eligible claimants may receive about $100, with California residents getting an additional $50, plus two years of identity theft protection. The settlement also covers documented losses and related expenses, with a claim deadline of July 27, 2026.
The government has released June employment data showing payrolls rising by 57,000, far below forecasts, while the unemployment rate edges down to 4.2%. The labor force participation rate has fallen, highlighting a shift in the job market as fewer people are seeking work. Revisions to May and April data point to a softer hiring pace than previously thought.
Tesla has reported record second-quarter deliveries of 480,126 vehicles, a 25% year-on-year rise that exceeded Wall Street estimates. Production ran at 451,758 units, leaving the company to draw down inventory. Strong European demand, higher fuel prices and expanded availability of its driver‑assist systems have powered the rebound.
A wave of new findings shows AI adoption is reshaping hiring and skill needs. High-intensity AI users are growing headcount, while AI-native firms are restructuring teams and boosting senior talent shares. Scottish businesses are adopting AI rapidly but face expertise and trust gaps. The evidence comes from Ramp/Revelio, Harvard/INSEAD, BCG, and national outlets.
A trio of analyses shows consumers increasingly consider debt consolidation and 0% intro offers to manage high credit card rates. Experts weigh benefits and risks of personal loans, stoozing and other strategies, while ongoing rate trends shape budgeting choices.
Capital One has disclosed that its decision to close more than 300 Trump-affiliated accounts followed an AML review. The filing argues the moves were not politically motivated and are part of standard banking guidance. The Trump Organization has challenged the bank, seeking to dismiss the suit in Florida federal court. The case has seen multiple dismissals and amendments.