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.

Anthropic Settles AI Copyright Lawsuit for $1.5 Billion

Anthropic has reached a settlement to pay at least $1.5 billion in a class action lawsuit filed by a group of authors who alleged...

Tech Stocks Surge $420 Billion Amid Antitrust Wins, AI Deals, and Tesla Pay Plan

It was a strong week for U.S. tech investors as major developments in antitrust, artificial intelligence, and executive pay boosted market sentiment. Alphabet and...

FTC Commissioner Questions Status of AI Chatbot Complaint Against Snap

U.S. Federal Trade Commission Commissioner Rebecca Slaughter raised concerns regarding the status of a non-public complaint involving Snap’s My AI chatbot, which the agency...

AppLovin and Robinhood to Join S&P 500, Shares Jump

Shares of advertising technology firm AppLovin and stock trading platform Robinhood Markets surged roughly 7% each in extended trading after S&P Global announced that...

DraftKings and BetMGM Anticipate Record NFL Sports Betting Season

DraftKings CEO Jason Robins is expressing strong optimism as the NFL season approaches, the most important period for sports betting after the Super Bowl....

Las Vegas Launches “Welcome to Fabulous” Campaign to Boost Tourism

Las Vegas is launching a new campaign, “Welcome to Fabulous Las Vegas,” aimed at revitalizing tourism after a significant summer slump. The initiative will...

Spirit Airlines Cuts Service as Competitors Expand Routes Amid Bankruptcy

Spirit Airlines is scaling back operations across numerous U.S. cities this fall as it navigates financial challenges, while competitors are positioning themselves to capture...

Gap Expands Into Beauty with Old Navy Launch and Accessories Growth

Gap Inc. announced it is entering the beauty sector, beginning with its Old Navy brand, marking a significant strategic expansion for the apparel company....

HHS Secretary Robert F. Kennedy Jr. Faces Senate Scrutiny Over Vaccine Policies

Health and Human Services Secretary Robert F. Kennedy Jr. faced intense questioning from senators over his vaccine policies and statements during a Senate Finance...

Ford Expedition SUV Sales Surge 54%, Marking 21-Year High

Ford’s redesigned three-row Expedition SUV is driving impressive sales growth for the automaker. In August, Ford sold 8,724 Expeditions, a 53.7% increase from the...

David Ellison Orders Full Return to Office at Paramount After Skydance Merger

David Ellison is continuing to reshape Paramount following its acquisition by Skydance, unveiling a significant shift in workplace policy that will soon affect thousands...

Boeing to Hire Replacement Workers as Defense Strike Drags Into Second Month

Boeing is moving forward with plans to hire new workers to replace striking employees in its defense division, as the labor dispute enters its...

Marsai Martin Redefines Success Beyond Work and Hustle

Unlike most Americans, Marsai Martin began working at a steady job at just 9 years old. The actress, now 21, rose to fame as...

Adriana Kugler’s Sudden Fed Resignation Fuels Speculation Amid Power Struggle

The sudden resignation of former Federal Reserve Governor Adriana Kugler on August 1, just months before her term was set to expire in January...

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