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Economy

Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

October 8, 2025

The newly formed media corporation Paramount Skydance has acquired The Free Press, an online news and commentary outlet co-founded by Bari Weiss, who will join CBS News as editor-in-chief. Weiss launched The Free Press in 2021 with her wife, Nellie Bowles, and her sister, Suzy Weiss. They have presented the publication as a heterodox alternative […]

Economy

YouTube to pay $24 million to settle Trump lawsuit

October 2, 2025

YouTube said Monday it would settle a lawsuit brought by President Donald Trump for more than $24 million, adding to a growing list of settlements with tech and media companies that have amassed millions of dollars for Trump’s projects. Trump sued after his YouTube account was banned in 2021. After the Jan. 6 riot, YouTube […]

Economy

Nearly 200,000 BMWs recalled over potential fire risk

October 1, 2025

The owners of nearly 200,000 BMWs should park their vehicles outside because they risk catching fire while parked or being driven, the National Highway Traffic Safety Administration announced Friday. The vehicle models affected include 2019-22 Z4; 2019-21 330I; 2020-22 X3; 2020-22 X4; 2020-22 530I; 2021-22 430I standard and convertible; 2022 230I; and roughly 1,500 20-2022 […]

Economy

Video game maker Electronic Arts to be acquired for $52.5 billion

October 1, 2025

Electronic Arts, maker of video games like “Madden NFL,” “Battlefield,” and “The Sims,” is being acquired for $52.5 billion in what could become the largest-ever buyout funded by private-equity firms. The private equity firm Silver Lake Partners, Saudi Arabia’s sovereign wealth fund PIF, and Affinity Partners will pay EA’s stockholders $210 per share. Affinity Partners […]

Economy

Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of aid startup

October 1, 2025

Charlie Javice, the founder of a startup company that sought to dramatically improve how students apply for financial aid, was sentenced Monday to more than seven years in prison for cheating JPMorgan Chase out of $175 million by greatly exaggerating how many students it served. Javice, 33, was sentenced in Manhattan federal court for her […]

Economy

Trump says U.S. will impose new tariffs on heavy trucks, drugs and kitchen cabinets

September 30, 2025

President Donald Trump on Thursday announced a new round of punishing tariffs, saying the United States will impose a 100% tariff on imported branded drugs, 25% tariff on imports of all heavy-duty trucks and 50% tariffs on kitchen cabinets. Trump also said he would start charging a 30% tariff on upholstered furniture next week. He […]

Economy

Former Fed chairs warn that removing Lisa Cook could lead to inflation boom

September 28, 2025

A group of the country’s top economic leaders, including every living former Federal Reserve chair, filed an amicus brief with the Supreme Court on Thursday in support of Fed governor Lisa Cook, who President Donald Trump is seeking to remove. The group, led former central bank chiefs Alan Greenspan, Ben Bernanke and Janet Yellen, said […]

Economy

Amazon to pay $2.5 billion to settle FTC allegations that it duped customers into enrolling in Prime

September 27, 2025

SEATTLE — Amazon has reached a historic $2.5 billion settlement with the Federal Trade Commission, which said the online retail giant tricked customers into signing up for its Prime memberships and made it difficult for them to cancel after doing so. The Seattle company will pay $1 billion in civil penalties — the largest fine […]

Economy

The charm of watching movies in theaters is fading

September 26, 2025

WASHINGTON — Americans are more likely to watch newly released movies from the comfort of their own homes instead of heading out to a theater, according to a new poll. About three-quarters of U.S. adults said they watched a new movie on streaming instead of in the theater at least once in the past year, […]

Economy

Ben & Jerry’s co-founder resigns, claiming parent company Unilever ‘silenced’ its campaigning

September 18, 2025

Jerry Greenfield, co-founder of the Ben & Jerry’s ice cream brand, has stepped down from the company he started 47 years ago citing a retreat from its campaigning spirit under parent company Unilever. Greenfield wrote in an open letter late Tuesday night — shared on X by his co-founder Ben Cohen — that he could […]

Economy

LimeWire acquires Fyre Festival, asking ‘What Could Possibly Go Wrong?’

September 17, 2025

LimeWire, the filesharing service that set the internet ablaze in the 2000s before being shut down for copyright infringement, said Tuesday that is acquiring the rights to Fyre Festival. And it appreciates the irony. ‘LimeWire Acquires Fyre Festival Brand — What Could Possibly Go Wrong?’ the company titled its news release. LimeWire said it would […]

Economy

Convenience stores are eating fast-food chains’ breakfast

September 15, 2025

Fast-food restaurants are losing breakfast customers to convenience stores. Morning meal traffic to fast-food chains rose 1% in the three months ended in July, while visits to food-forward convenience stores climbed 9% in the same period, according to market research firm Circana. “Over the long run, convenience stores have taken share, really at foodservice overall, […]

Economy

Trump administration ramps up pressure on Labor Department with data probe

September 11, 2025

The Labor Department has announced an inquiry into the Bureau of Labor Statistics over recent changes to its data practices. In a letter published Wednesday, the office of the inspector general for the Labor Department cited the BLS’ recent decision to reduce data collection activities for two key inflation reports, as well as the large […]

Economy

Kenvue stock drops 10% on report RFK Jr. will link autism to Tylenol use during pregnancy

September 8, 2025

Shares of Kenvue fell more than 10% on Friday after a report that Health Secretary Robert F. Kennedy Jr. will likely link autism to the use of the company’s pain medication Tylenol in pregnant women. HHS will release the report that could draw that link this month, The Wall Street Journal reported on Friday. That […]

Economy

Mortgage rates see biggest one-day drop in over a year

September 6, 2025

The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% Friday, according to Mortgage News Daily, following the release of a weaker-than-expected August employment report. It’s the lowest rate since Oct. 3 and the biggest one-day drop since August 2024. Rates are finally breaking out of the high 6% range, where […]

Browse category by Economy

Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

YouTube to pay $24 million to settle Trump lawsuit

Nearly 200,000 BMWs recalled over potential fire risk

Video game maker Electronic Arts to be acquired for $52.5 billion

Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of aid startup

Trump says U.S. will impose new tariffs on heavy trucks, drugs and kitchen cabinets

Former Fed chairs warn that removing Lisa Cook could lead to inflation boom

Amazon to pay $2.5 billion to settle FTC allegations that it duped customers into enrolling in Prime

The charm of watching movies in theaters is fading

Ben & Jerry’s co-founder resigns, claiming parent company Unilever ‘silenced’ its campaigning

LimeWire acquires Fyre Festival, asking ‘What Could Possibly Go Wrong?’

Convenience stores are eating fast-food chains’ breakfast

Trump administration ramps up pressure on Labor Department with data probe

Kenvue stock drops 10% on report RFK Jr. will link autism to Tylenol use during pregnancy

Mortgage rates see biggest one-day drop in over a year

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