Buy now, pay later loans are contributing to a record-breaking holiday shopping season. Economists fear they could also obscure and exacerbate gaps in Americans’ financial well-being. Loans, which allow consumers to pay for purchases in installments, often interest-free, have become very popular due to the high prices and interest rates. Retailers have used them to … [Read more…]
Among the many deals that have fallen through recently, Adobe’s $20 billion acquisition of Figma, an up-and-coming design software maker, is among the most telling. The companies had promised that it was a way to “launch a new era of collaborative creativity,” but regulators in three jurisdictions saw it as an unacceptable attempt by a … [Read more…]
The European Union on Monday announced a formal investigation into X, Elon Musk’s social media platform, over its failure to combat illegal content and disinformation, a lack of transparency in advertising and “deceptive” design practices. The investigation may be the largest regulatory action yet against According to researchers, the company’s new policies have led to … [Read more…]
Illumina, the leading maker of gene sequencing machines, said Sunday it would sell Grail, a cancer test developer it bought for $7.1 billion in 2021. The move came two days after Illumina lost its case in a federal appeals court that largely upheld a Federal Trade Commission decision that Illumina should terminate its contract with … [Read more…]
Social Security benefits were not taxed at all until 1984. Then in 1993, Bill Clinton signed a law that expanded tax thresholds and made up to 85 percent of benefits taxable for recipients with total income of more than $34,000 ($44,000 for co-filers). Anyone who earns less could have to pay tax on up to … [Read more…]
Federal labor regulators on Wednesday accused Starbucks of illegally closing 23 stores to stifle organizing activity and trying to force the company to reopen. A complaint filed by a regional office of the National Labor Relations Board argued that Starbucks closed stores because its employees were engaging in union activities or to discourage employees from … [Read more…]
Business By Kristen Altus, Fox Business Published December 13, 2023, 5:07 PM ET These TikTokers have “a bone to pick with America” when it comes to their employment status. Young Gen Z and Millennial influencers are facing backlash – and support from some commentators – on social media over their inability to find jobs in … [Read more…]
Business By Shannon Thaler Published December 12, 2023, 2:50 PM ET One of Goldman Sachs’ highest-paid executives is leaving the bank early next year after raking in about $100 million over the last three years – even more than CEO David Solomon, according to a report. Ed Emerson – a 47-year-old trader who runs Goldman’s … [Read more…]
A jury ruled Monday that Google violated antitrust laws to deprive Epic Games and other developers of fees and restrict competition in its Play mobile app store. This could redefine the rules for how thousands of companies make money from Google’s smartphone operating system, Android. After deliberating for just over three hours, the nine-person federal … [Read more…]
He took care of the beef! A heroic supermarket butcher wouldn’t put up with a brazen bandit who tried to loot his Queens store and then beat up his special needs colleague. Ray Wilkins, 49, fought off the creep and held two NYPD cops, who handcuffed the heartless guy. Wilkins had just gotten off work … [Read more…]