Nearly 200,000 BMWs recalled over potential fire risk
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
Video game maker Electronic Arts to be acquired for $52.5 billion
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
Trump says U.S. will impose new tariffs on heavy trucks, drugs and kitchen cabinets
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
Amazon to pay $2.5 billion to settle FTC allegations that it duped customers into enrolling in Prime
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
Former Fed chairs warn that removing Lisa Cook could lead to inflation boom
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
The charm of watching movies in theaters is fading
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
Ben & Jerry’s co-founder resigns, claiming parent company Unilever ‘silenced’ its campaigning
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
LimeWire acquires Fyre Festival, asking ‘What Could Possibly Go Wrong?’
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
Convenience stores are eating fast-food chains’ breakfast
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
Trump administration ramps up pressure on Labor Department with data probe
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
Kenvue stock drops 10% on report RFK Jr. will link autism to Tylenol use during pregnancy
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
Mortgage rates see biggest one-day drop in over a year
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
Disney to pay $10 million to settle FTC complaint over collection of children’s data on YouTube
The Walt Disney Company will pay $10 million to settle Federal Trade Commission allegations that it enabled the unlawful collection of children’s personal data on YouTube. The FTC claimed the company allowed data to be collected from kids who viewed videos
Trump family’s American Bitcoin makes stock market debut
Shares in the Trump family’s latest cryptocurrency made its stock market debut Wednesday, triggering more ethical concerns as the Trumps look to cash in on crypto as the president’s administration weakens regulations for the nascent industry. American Bitcoin, a firm co-founded
Apple has survived Trump’s tariffs so far. It might raise iPhone prices anyway.
When Tim Cook gifted President Donald Trump a gold and glass plaque last month, the Apple CEO was hailed by Wall Street for his job managing the iPhone-maker’s relationship with the White House. Cook, Wall Street commentators said, had largely
Paramount mandates 5-day-a-week return to office ahead of major cost cuts
David Ellison continues to put his stamp on Paramount after its acquisition by Skydance. The CEO and chairman told employees Thursday that they will be expected to work in the office five days a week starting Jan. 5, 2026, according to
U.S. judge orders Google to share search data with competitors
Alphabet’s Google must share data with rivals to open up competition in online search, a judge in Washington ruled on Tuesday, while rejecting prosecutors’ bid to make the internet giant sell off its popular Chrome browser and Android operating system. Google
Amazon cracks down on Prime free shipping sharing
Amazon is eliminating a program that allows members of its Prime subscription program to share free shipping benefits with people outside their household. The company began notifying users in recent days that it plans to end the Prime Invitee Program on