Business

Illinois' Interchange Fee Prohibition Act remains tied up in court as industry experts warn that the law could create unnecessary complications for businesses. The law prohibits credit card issuers from charging interchange fees on portions of transactions, including taxes and gratuities. While supporters claim the transition will be easy, financial institutions and business advocates argue otherwise.

A proposed Tennessee law would prohibit students from using cellphones and other electronic devices during instructional time, aiming to reduce classroom distractions and improve safety. House Bill 932 is set for discussion in the state House on Monday and has already passed the Senate Education Committee unanimously.

Asset manager BlackRock announced in a company-wide memo that it has ended its diversity, equity, and inclusion (DEI) goals.

A grassroots movement, The People's Union USA, is calling for a nationwide "economic blackout" on Friday, February 28.

President Donald Trump announced that he is terminating a Biden-era policy allowing Chevron to operate within Venezuela.

Drugmaker Eli Lilly announced plans to invest $27 billion in manufacturing plants in the United States.

Actress Rachel Zegler is once again addressing the backlash over her past comments about Disney’s Snow White, now claiming that the criticism stems from fans’ deep “passion” for the original 1937 film. In a recent interview with Vogue Mexico, Zegler attempted to smooth over tensions as the live-action remake nears its release.

Apple plans to invest $500 billion in the United States during President Donald Trump's second term, the company announced.

Hooters of America is reportedly preparing to file for bankruptcy within the next two months due to declining foot traffic and financial strain. The company is collaborating with law firm Ropes & Gray and turnaround consultants Accordion Partners to restructure its operations and address its debt burden. Several creditors have also sought advice from investment bank Houlihan Lokey. While no final decision has been made, a Chapter 11 filing could occur soon.

Citigroup has walked back its diversity, equity, and inclusion (DEI) policies, becoming the latest financial entity to do so.