Economy

Economy
Economy

Hook, hold, harvest and hide: Meta’s alleged strategy laid out in first week of landmark trial

A legal battle of existential proportions began this week in Oakland, California, as prosecutors unveiled a scathing critique of Meta’s core business philosophy. Representing the state of California and 28 other US states, lawyer Megan O’Neill distilled the trillion dollar company’s strategy into four devastating words: hook, hold, harvest, and hide. She argued that Meta

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Economy

Former Abercrombie & Fitch CEO Michael Jeffries competent to face sex trafficking trial, judge rules

A federal judge has ruled that Michael Jeffries, the former chief executive of Abercrombie & Fitch, is mentally fit to stand trial on charges involving an extensive international sex trafficking operation. In a detailed 157 page decision, U.S. District Judge Nusrat Choudhury determined that the 82 year old former fashion mogul possesses a rational understanding

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Economy

Company recalls alfalfa sprouts after CDC says 55 sickened in salmonella, E. coli outbreak

A Minneapolis based producer has issued a massive voluntary recall of its alfalfa sprouts after federal health officials linked the product to outbreaks of both E. coli and salmonella across fifteen states. Everything Sprouts, LLC announced the move on Friday, targeting five ounce containers distributed since late May. According to the CDC and FDA, at

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Economy

Washington Goes All-In on Crypto: Trump Pushes Clarity, SEC Rules, and CFTC Warnings

Washington abandoned its typical August slumber this week as the federal government launched a coordinated blitz to reshape the future of digital assets. The flurry of activity centered on President Donald Trump hosting a high powered gathering of crypto executives at the White House, where he pressured Congress to fast track a fair version of

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Economy

Boeing engineers, technical workers reject contract offer

Thousands of Boeing engineers and technical workers have officially rejected a proposed four-year contract from the aerospace giant, signaling a period of renewed tension between the company and its workforce. Union officials announced Friday that the 17,000 members of the Society of Professional Engineering Employees in Aerospace, known as SPEEA, turned down the offer. In

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Economy

E coli and salmonella outbreak linked to alfalfa sprouts sickens dozens across multiple states

Health officials have issued a widespread food safety alert after a dual outbreak of E. coli and salmonella sickened 55 people across 15 different states. According to the Centers for Disease Control and Prevention, the illnesses are linked to alfalfa sprouts produced by Everything Sprouts and sold under both the Calco and Everything Sprouts brand

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Economy

TikTok to pay $400m to US in one of largest child privacy settlements

TikTok has agreed to pay 400 million dollars to settle a massive legal battle with the United States government over allegations that it systematically violated the privacy of millions of children. The settlement follows a lawsuit brought by the Department of Justice during the Biden administration, which claimed that TikTok and its parent company, ByteDance,

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Economy

Bessent’s bond gambit aimed at calming markets is instead stirring inflation worries

Treasury Secretary Scott Bessent attempted to soothe a jittery government debt market this week, but his strategy appears to have backfired, triggering fresh anxiety over inflation. In a bid to improve liquidity, the Treasury announced it would at least double the size of its typical two billion dollar debt buyback program. While Bessent maintained that

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Economy

Alfalfa sprouts recalled for E. coli and salmonella after dozens of illnesses

Health officials are issuing an urgent warning to consumers across fifteen states following a rare and concerning outbreak linked to contaminated alfalfa sprouts. According to the Centers for Disease Control and Prevention, at least 55 people have fallen ill after consuming products from Everything Sprouts, a Minnesota based grower. What makes this case particularly unusual

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Economy

Trump temporarily waives higher beef tariffs in bid to lower prices

President Trump announced on Friday that the United States will temporarily waive higher tariffs on ground beef imports in an effort to bring down grocery bills for consumers struggling with record high meat costs. Taking to Truth Social to share the news, the president stated that the government will permit up to 300,000 metric tons

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