More from Emma Stoltzfus
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Antitrust expert on Visa case: ‘It’s not enough to be big, you have to be bad’
The Department of Justice filed a federal antitrust lawsuit against Visa Tuesday, Sept. 24. The suit alleges the payments processor took part in anticompetitive practices in the debit card market that hurt merchants and consumers alike. “Visa deploys a web of unlawful anti-competitive agreements to penalize merchants and banks for using competing payment networks,” Attorney… -
Where are they now? FTX criminals making headlines in and out of jail
Caroline Ellison is the latest to go to prison over the multibillion-dollar FTX fraud scheme. The on-again-off-again girlfriend of FTX founder Sam Bankman-Fried was sentenced to two years behind bars. She was a star witness for the prosecution against her former boss and boyfriend, commonly known by his initials, SBF. But the judge said her… -
DOJ accuses Visa of monopolizing debit card market in new antitrust lawsuit
The Department of Justice (DOJ) filed an antitrust lawsuit against Visa. In the suit, it accused the company of monopolizing the debit card market through anticompetitive practices. The government claimed these actions have potentially cost consumers and businesses billions of dollars. U.S. Attorney General Merrick Garland said that Visa controls over 60% of U.S. debit… -
Heisman winner Reggie Bush sues for NIL money 2 decades after playing
Months after getting his 2005 Heisman Trophy reinstated, former USC superstar Reggie Bush is again taking on college football. This time, the running back-turned-broadcaster filed a lawsuit against the university, the Pac-12 and the NCAA. Bush’s lawsuit claims the three profited “from uncompensated use” of his name, image, and likeness, known as NIL. Star college… -
Union accuses Boeing of trying to ‘drive a wedge’ between striking workers
Machinists are still marching Tuesday, Sept. 24, after rejecting Boeing’s latest “best and final” offer to end the strike. But is the offer itself the problem or how the company went about it? Here’s what Boeing put on the table: Boeing said the offer is contingent on a vote by the end of the week, which… -
TikTok removes Russian state media accounts for ‘covert influence’ operations
TikTok removed accounts linked to Russian state media outlets for allegedly engaging in covert influence operations ahead of the U.S. election. TikTok previously restricted the Russian state media accounts’ visibility in the European Union and United Kingdom. The social media company cited violations of community guidelines, particularly the ban on deceptive behavior. TikTok defined these… -
Voter registration among young adults is increasing. So is their support for Harris.
Voter registration numbers are breaking records, particularly among young people. On National Voter Registration Day, Sept. 17, more than 150,000 individuals registered through Vote.org, the highest number ever recorded for that day. This figure represents more than half of the total voters registered by the site in all of last year. Of the newly registered… -
No quick fix for Intel as it weighs investment and buyout offers
Once a semiconductor powerhouse, Intel is falling from grace and now has two firms vying to catch it. San Diego-based Qualcomm is offering to acquire the company, the Wall Street Journal first reported, while asset management firm Apollo Global Management has offered an investment lifeline worth up to $5 billion, Bloomberg reports. Intel has a market… -
Kmart to close its last full-size US store, only 1 location remaining
Another once strong American retail chain is set to fall to one store in the U.S., not dissimilar to the fall of Blockbuster. Discount department store Kmart plans to shut the doors of its last full-size store in the U.S. The Long Island location will close on Oct. 20, leaving just one smaller Kmart left… -
Americans trust Elon Musk’s X as little as US government
In a recent digital privacy survey, Elon Musk’s platform X, formerly known as Twitter, ranked last among major tech companies in terms of public trust. The data revealed that only 28% of Americans said they trust X — a figure equal to the percentage of respondents who trust the U.S. government. Other tech giants, such… -
Does Fed rate cut plus falling mortgage rates equal more affordable housing?
Falling interest rates may pique the interest of prospective homebuyers but experts don’t necessarily think it is going to loosen the market anytime soon. The rate for a 30-year fixed mortgage averaged 6.09% for the week, according to Freddie Mac. The dip comes as the Federal Reserve cut its benchmark interest rate by 50 basis… -
Nike rehires 1988 intern as next CEO. Here are Elliott Hill’s first hurdles.
Nike’s new CEO has a lot of ground to make up. On Thursday, Sept. 19, the company announced the sudden retirement of four-year CEO John Donahoe, while Elliott Hill will be returning from retirement to lead the company. Hill last led commercial and marketing operations for Nike and the Jordan brand in 2020. He spent 32… -
Creator of Kamala Harris parody video sues California over ‘deepfake’ ban
A conservative commentator who used artificial intelligence to create a parody video of Vice President Kamala Harris is suing California, arguing that recent laws banning AI-generated political content violate his constitutional rights. Christopher Kohls, known online as “Mr. Reagan,” filed the lawsuit after Gov. Gavin Newsom signed legislation aimed at curbing the spread of digitally…