Business

FTC and 22 States Sue Amazon Over Inflated Ad Auction Prices

The FTC and 22 states sued Amazon on Monday, alleging it overcharged 1.2 million advertisers by inflating online ad auction prices.

US Army Secretary Dan Driscoll Resigns After 18 Months on the Job

US Army Secretary Dan Driscoll is stepping down after 18 months, the White House said Monday, amid reported friction with Defense Secretary Pete Hegseth.

Meta May Overtake Google Search in Ad Revenue This Year, Bernstein Says

Bernstein analysts say Meta could pass Google Search in advertising revenue by year-end 2025, driven by returns on its roughly $60 billion AI spending.

PG&E Sinks 18%, Edison Falls 23% as California Wildfire Bill Omits Liability Cap

PG&E fell 18% and Edison International 23% after a California wildfire bill offered victim protections but no cap on utility liability, exposing investors

Supreme Court Lets Trump Continue $400 Million White House Ballroom Construction

A divided US Supreme Court ruled 5-4 on Monday to let the White House continue building a $400 million ballroom while lawsuits proceed. Roberts dissented.

Labubu Dolls Redefine Luxury Fashion Through High-End Collaborations

Labubu dolls, once seen as quirky collectibles, have quickly become a luxury fashion phenomenon. Celebrities such as Blackpink’s Lisa have been spotted pairing the...

New Vaccine Panel Recommendations Weaken Covid and Childhood Immunization Guidance

New recommendations from the Advisory Committee on Immunization Practices (ACIP), a federal vaccine panel recently reshaped by Health and Human Services Secretary Robert F....

Retailers Slash Seasonal Hiring to Lowest Level Since 2009

Seasonal hiring in the retail sector is on track to fall to its lowest level since the 2009 recession, raising concerns that the upcoming...

Ford Offers Subprime Buyers Special Financing to Boost F-150 Sales

Ford Motor is ramping up efforts to drive sales of its flagship F-150 pickup truck before the close of the third quarter, launching a...

New Home Sales Jump 20.5% in August Despite High Mortgage Rates

Sales of newly built homes surged 20.5% in August compared with July, marking the strongest level since January 2022 and the largest monthly gain...

U.S. Latino GDP Hits $1.6 Trillion in 2023, Driving Economic Growth

Latino immigrants in the United States generated $1.6 trillion in GDP in 2023, according to new research from the Latino Donor Collaborative. That contribution...

Jimmy Kimmel’s Return Draws 6.26 Million Viewers Despite Preemptions

“Jimmy Kimmel Live!” made its highly anticipated return to television on Tuesday night, drawing an impressive 6.26 million total viewers despite being preempted across...

NFL Eyes International Expansion with Growing Global Fanbase

The NFL is exploring the possibility of expanding beyond the United States, with Commissioner Roger Goodell expressing strong interest in international markets. He highlighted...

AI Musicians Redefine Creativity in the Streaming Era

When most bands prepare for a performance, they rely on guitars, keyboards, and drums. British AI music creator Oliver McCann, who performs under the...

TikTok U.S. Deal Framework Involves Oracle and ByteDance Investors

A framework agreement for TikTok is set to involve both new investors and existing shareholders in the platform’s Chinese parent company, ByteDance. Sources familiar...

YouTube Surpasses $100 Billion Paid to Creators with New AI Tools

YouTube announced that it has paid out more than $100 billion to creators, artists, and media companies since 2021, highlighting the platform’s continued growth...

OpenAI Introduces Teen-Safe ChatGPT with Parental Controls

OpenAI has announced plans to introduce a dedicated ChatGPT experience for users under 18, incorporating robust parental controls and safety measures to protect teenagers...

Netskope Targets $7.3 Billion Valuation in Upcoming IPO

Netskope is preparing for its initial public offering with an ambitious target valuation of $7.3 billion, following an upward adjustment of its planned price...

Waymo Receives Permit to Launch Robotaxi Testing at San Francisco Airport

Alphabet-owned Waymo has received a permit to begin testing its robotaxi service at San Francisco International Airport, city officials and the company confirmed. The...

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