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Target says it will close nine stores in major cities, citing violence and theft

With its announcement Tuesday, Target stands apart in its decision to both shutter stores and to explicitly blame that decision on retail crime.
A woman shops at a Target store in New York City
A woman shops at a Target store in New York City
1d ago

What are the four cases the FTC has recently brought against Amazon?

The Federal Trade Commission’s antitrust lawsuit against the e-commerce giant is just the latest in a string of legal complaints filed during the Biden administration.
An Amazon fulfillment center.
An Amazon fulfillment center.

Everything you need to know ahead of a government shutdown

The U.S. is headed toward a government shutdown this weekend unless Congress takes action soon. Here's what happens and when and how it could affect you.
Storm clouds roll over the Capitol on July 25, 2022.
Storm clouds roll over the Capitol on July 25, 2022.

Here's what happens to Social Security payments if the government shuts down

A shutdown could happen Sunday if a new funding bill isn't passed and signed. Here's how a shutdown would affect Social Security and other programs.
A woman walks to a Social Security office in Houston on July 13, 2022.
A woman walks to a Social Security office in Houston on July 13, 2022.

Rite Aid chain reportedly could sell up to 500 stores in bankruptcy plan

Rite Aid said Tuesday it continues to work with its financial stakeholders to identify the best path forward for the debt-saddled company.
A Rite Aid store.
A Rite Aid store.
2d ago

U.S. sues Amazon claiming it used market power to warp prices across the internet

The FTC filed an antitrust lawsuit in federal court in Washington state, backed by the attorneys general of 17 states, including two Republicans.
Amazon packages at a fulfillment center in 2021.
Amazon packages at a fulfillment center in 2021.

Shakira charged with $7 million tax evasion by Spanish prosecutors

Shakira is alleged to have used an offshore company based in a tax haven to avoid paying the tax, Barcelona prosecutors said in a statement.
Shakira performs at the 2023 MTV Video Music Awards  in Newark, N.J.
Shakira performs at the 2023 MTV Video Music Awards  in Newark, N.J.

JPMorgan to pay $75 million to settle lawsuit over ties with Jeffrey Epstein

The bank said the majority of the settlement — $55 million — will go toward local charities and victim assistance; the rest goes to legal fees.
JPMorgan Chase & Co. headquarters in New York
JPMorgan Chase & Co. headquarters in New York
2d ago

Hollywood video game performers authorize strike if labor talks fail

More than 98% of those who cast ballots voted in favor of authorizing a strike, the SAG-AFTRA union said. The union is set to begin contract talks with gaming companies Tuesday.
Hollywood video game performers authorize strike if labor talks fail
Hollywood video game performers authorize strike if labor talks fail
3d ago

SEC charges 'Cash Flow King' podcaster in $11 million Ponzi scheme

Securities regulators say Matthew Motil of Ohio defrauded more than 50 people in a real estate investing scam.
A "Home For Sale" sign.
A "Home For Sale" sign.

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle

Amazon is scrambling to catch up with rivals like Microsoft, which invested $1 billion in OpenAI in 2019, followed by another multibillion-dollar investment at the start of the year.
Amazon's offices in Dublin, Ireland
Amazon's offices in Dublin, Ireland

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