RushCard settlement reaches 19 million for outage claims
RushCard will pay at least 19 million to users harmed by a multiday outage after a processor switch caused funds freezes. Eligible customers receive 100 to 500 dollars depending on documented losses, with prior reimbursements included. The agreement follows class action filings in New York and CFPB scrutiny.
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Global economy rides modest 2017 rebound amid policy risks
The report notes a 3.4 percent GDP drop in Brazil and a 1.9 percent contraction in Russia this year under fiscal tightening and sanctions. It cites Brazil’s impeachment turmoil, high inflation, and a widening deficit as joint drags on growth. A G7 summit in Japan on May 26-27 is highlighted for potential coordinated fiscal stimulus talks.
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Budweiser taps patriotism for United States theme packaging
Budweiser plans patriotic packaging tied to America and the Olympics while facing social media scrutiny. Other brands like Coca Cola MillerCoors and Mondelez push USA flavored campaigns and U S manufacturing goals amid debates over authenticity and marketing impact on long term brand health.
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McDonald’s tests fresh beef at 14 Dallas locations
McDonald’s is testing fresh beef at 14 Dallas restaurants limited to Quarter Pounder parties. The test began in November to study operational impact and customer feedback while not advertising the fresh beef. Company aims to see if fresh beef could replace frozen patties nationally.
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Fed women directors rise to 30 percent amid diversity push
The Fed reports female directors now 30 percent, with 46 percent of directors representing diversity in race or gender. Clinton's campaign backs reform to increase representation and reduce private banker seats on regional boards. Janet Yellen notes the historic leadership and ongoing focus on inequality.
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Monsanto Rises on Bayer Takeover Prospects in Stocks
Bayer buyout rumors lift Monsanto shares by 7.58 dollars to 97.92 as Kraft Heinz and Coca Cola post gains. Benchmark U S oil and Brent crude tick higher with prices near recent highs.
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