Capital One: Q1 Earnings Snapshot

MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Capital One Financial Corp. (COF) on Thursday reported first-quarter profit of $1.28 billion. On a per-share basis, the McLean, Virginia-based company said it had net income of $3.13. Earnings, adjusted for non-recurring costs, were $3.21 per...

Two fragile DC neighborhoods hang in the balance as the Wizards and Capitals consider leaving town

WASHINGTON (AP) — Already struggling to keep his Chinatown bar afloat, Yousef Tellawi felt a sense of impending doom when he learned that the owner of Washington's Capitals and Wizards wanted to move the teams out of the neighborhood and into northern Virginia. The departure of the...

Americans' reliance on credit cards is the key to Capital One's bid for Discover

NEW YORK (AP) — Americans have become increasingly reliant on their credit cards since the pandemic. So much so that Capital One is willing to bet more than $30 billion that they won't break the habit. Capital One Financial announced Monday that it would buy Discover Financial...

Capital One's bid for Discover carries expectation that Americans won't slow credit card use

NEW YORK (AP) — Capital One Financial is betting that Americans will keep shopping and use a credit card to pay for their purchases at stores and on the internet. Capital One announced Monday that it would buy Discover Financial Services for $35 billion. The combination could...

Capital One to buy Discover for $35 billion in deal that combines major US credit card companies

NEW YORK (AP) — Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation's credit card companies as well as potentially shake up the payments industry, which is largely dominated by Visa and Mastercard. ...

Capital One to buy Discover Financial for $35 billion in deal that combines two of the largest US credit card companies

NEW YORK (AP) — Capital One to buy Discover Financial for $35 billion in deal that combines two of the largest US credit card companies.

Some Americans have become saddled with credit card debt as rent and everyday prices remain high

NEW YORK (AP) — While the U.S. economy is broadly healthy, pockets of Americans have run through their savings and run up their credit card balances after battling inflation for more than two years. Experts worry that members of these groups -- mostly lower- and middle-income...