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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]