Amazon lawsuit protects 'free and fair competition,' says FTC Chair Lina Khan
FTC Chair Lina Khan defended the agency's decision to pursue the company in an interview on CNBC's "Squawk Box."
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Amazon hires former Microsoft product chief to oversee devices unit
Panay is joining Amazon at a precarious moment for its devices and services unit, which was hit with layoffs as part of the largest job cuts in company history.
Fed's Neel Kashkari isn't sure if interest rates are high enough to stop inflation
Kashkari told CNBC that the neutral rate of interest, or one that is neither holding back the economy nor stimulating it, may have gone higher.
Flexport fires CFO, HR chief departs weeks after sudden ouster of Dave Clark as CEO
After firing CEO Dave Clark earlier this month, Flexport has removed its finance chief, and its head of human resources has resigned
UAW strike: Biden, Trump seek blue-collar votes in swing state Michigan
Michigan voters helped both Biden and Trump in winning the White House during the past two presidential elections, in 2020 and 2016, respectively.
Ozempic, Wegovy drug prescriptions hit 9 million, surge 300% in under three years
The data confirms the rise in demand for GLP-1s, which have fueled a frenzy among Americans and on Wall Street for their ability to cause weight loss.
A ‘dark horse’ Republican candidate could emerge as Trump’s legal problems mount, ex-U.S. ambassador says
Seven Republican presidential candidates on Wednesday will take the stage at the Ronald Reagan Presidential Foundation & Institute in Simi Valley, California.
60% of Americans are still living paycheck to paycheck as inflation hits workers' wages
The number of Americans who say they are stretched thin has remained stubbornly high as inflation weighs on worker paychecks.
Trump and company liable for fraud in New York lawsuit, judge rules
Donald Trump fraudulently manipulated real estate valuations for years to falsely inflate his net worth by billions of dollars, a New York judge ruled.
Mortgage demand shrinks as interest rates hit the highest level in nearly 23 years
Applications for a mortgage to purchase a home fell 2% for the week and were 27% lower than the same week one year ago.
JPMorgan Chase settles Jeffrey Epstein sex trafficking suit by U.S. Virgin Islands for $75 million
JPMorgan did not admit any wrongdoing in the settlement, which will give $55 million to Virgin Islands charities and the territory's anti-trafficking efforts.
Mum's the bad word: Most big Menendez donors won't say if they will keep backing New Jersey senator
Sen. Bob Menendez faces a federal bribery indictment and calls by fellow Democrats to resign as he seeks reelection in 2024.
White House warns lengthy government shutdown may 'substantially disrupt' restart of student loan bills
The U.S. federal government could shut down at around the same time student loan payments restart. Here's what borrowers can expect.
Apple's Eddy Cue defends default search contract with Google as best option for consumers
Apple's head of services testified in federal court Tuesday about the company's agreement to make Google the default search engine on iPhones in the U.S.
Biden calls on Congress to fund government as Moody's and Wells Fargo warn of shutdown effects
President Joe Biden asked Congress to avoid a government shutdown due to lack of funds. The U.S. credit rating and dollar could be affected otherwise.
Miami man pleads guilty to selling adulterated, misbranded HIV drugs across U.S.
The misbranded HIV drugs, which included Truvada and Biktarvy, were distributed to pharmacies across the U.S. and dispensed to unsuspecting patients.
FTC and 17 states sue Amazon on antitrust charges
The lawsuit is a major milestone for FTC Chair Lina Khan, who rose to prominence for her 2017 Yale Law Journal note, "Amazon's Antitrust Paradox."
Fed's Neel Kashkari sees 40% chance of 'meaningfully higher' interest rates
Kashkari thinks there's nearly a 50-50 chance that interest rates will need to move significantly higher to bring down inflation.
Working women spend $15.4 billion more than men in out-of-pocket health costs, study finds
Women rack up 10% more in health costs than men but spend nearly 20% more out of pocket.
Trump blasts special counsel's gag order request in federal election case
Lawyers for former President Donald Trump accused the Biden administration of trying to muzzle its main opponent through the proposed special counsel gag order.
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