Amazon used a secret algorithm that essentially helped the company raise prices on other online sites and “destroyed” some internal communications as the Federal Trade Commission was investigating the company, according to a newly unredacted…
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Business
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Sam Bankman-Fried, once hailed as a genius in cryptocurrency, was found guilty Thursday of all fraud counts against him, a year after his exchange, FTX, imploded and practically wiped out thousands of customers. The verdict…
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A U.S. jury on Tuesday found the National Association of Realtors and some residential brokerages, including units of Warren Buffett’s Berkshire Hathaway, liable to pay $1.78 billion in damages for conspiring to artificially inflate commissions…
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A jury has found Sam Bankman-Fried Thursday guilty on all counts in the fraud trial against the former crypto billionaire. CNBC reported at around 4:55 p.m. Pacific time that the jury found Bankman-Fried guilty. The…
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Business
Homebuyers and sellers face an uncertain wait for billion-dollar verdict to hit their wallets
The historic $1.78 billion National Association of Realtors verdict in Kansas City, Missouri, this week could trigger a major disruption in the housing market, but it’s unclear when millions of people will know how the…
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The Federal Reserve left interest rates unchanged Wednesday as it continues to track inflation and the health of the economy. The central bank voted unanimously to leave its primary interest rate in the range of…
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The U.S. Education Department is fining Grand Canyon University $37.7 million, saying the for-profit Christian school misrepresented the costs of its doctoral programs. The agency says Grand Canyon University told students that enrolling in the…
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People with prescriptions to fill could run into an unexpected snag over the next couple of days, as hundreds of pharmacists may call out of work to protest working conditions at CVS and Walgreens. Organizers…
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The United Auto Workers strike is set to end as the union and General Motors announced a tentative agreement on a new contract Monday. The breakthrough comes just days after similar deals with Ford and…
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Business
Sam Bankman-Fried is confronted with his own words as prosecutors question him in criminal fraud trial
Prosecutors cross-examined FTX co-founder Sam Bankman-Fried on Monday after the former crypto billionaire testified in his own defense. Bankman-Fried is facing decades in prison on seven federal charges, including wire fraud, securities fraud and money laundering.…