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Amazon to pay $2.5B in FTC Prime membership settlement
Amazon will pay $2.5B to settle FTC claims it tricked customers into Prime memberships and made cancellations difficult.
Hegseth calls sudden meeting of U.S. generals, admirals
Defense Secretary Pete Hegseth summoned hundreds of top U.S. generals and admirals for an unusual meeting at Quantico next week.
Starbucks to close stores, cut more jobs as CEO deepens restructuring
Starbucks will close underperforming stores and cut 900 jobs as CEO Brian Niccol pursues a $1B restructuring to revive sales and efficiency.
Trump’s workforce purge batters DC’s job market and leads to rise in homes for sale, report finds
A Brookings report shows DC’s job market weakening as Trump’s federal workforce cuts push unemployment to the highest rate in the nation.
US implements EU trade deal, 15% autos tariffs retroactive to Aug 1
The Trump administration confirmed a trade deal with the EU, lowering auto tariffs to 15% and exempting aircraft, drugs, and raw materials.
Capital One $425 million settlement with depositors should be rejected, US states say
Eighteen states say Capital One’s $425M settlement cheats savers, letting the bank avoid $2.5B in payouts on high-interest accounts.
Trump administration rehires hundreds of federal employees laid off by DOGE
Hundreds of federal employees laid off from managing government workspaces are being reinstated as Trump retreats from real estate cuts.
As Boeing’s stock rises on a new foreign deal, US officials signal China may be next to order planes
Boeing shares rose after a $8B Uzbekistan Airways Dreamliner order, with U.S. officials hinting a major China aircraft deal is near.
Powell signals Federal Reserve to move slowly on interest rate cuts
Fed Chair Jerome Powell signaled caution on more rate cuts, diverging from Trump-appointed officials pushing for faster, deeper reductions.
Tylenol maker rebounds a day after Trump’s unfounded claims about its safety
Kenvue shares rebounded after Trump linked Tylenol to autism, claims disputed by the company and lacking new scientific evidence.
Nvidia to invest $100 billion in OpenAI to help expand the ChatGPT maker’s computing power
Nvidia will invest $100B in OpenAI to build 10 GW of AI data centers, boosting ChatGPT’s computing power and expanding global AI infrastructure.
Pfizer to buy Metsera in $5B obesity drug deal
Pfizer will acquire Metsera for nearly $5B, boosting its push into obesity treatments with potential oral and injectable drugs.
