Simone Del Rosario
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DC accuses Amazon of ‘secretly’ excluding zip codes from 2-day delivery
Amazon is accused of “secretly” excluding “historically underserved” areas of Washington, D.C., from high-speed delivery with Prime. The lawsuit brought by Attorney General Brian Schwalb alleges the e-commerce giant kept two zip codes from getting the fastest delivery service promoted with Amazon Prime while still charging those residents the full-price fee. This lawsuit claimed the… -
Delaware judge rejects Elon Musk’s Tesla pay package for second time
Elon Musk lost in court for the second time over his pay compensation. The Tesla CEO failed to convince a Delaware judge to reverse her earlier ruling, which nullified his $56 billion pay package. “A Delaware judge just overruled a supermajority of shareholders who own Tesla and who voted twice to pay @elonmusk what he’s worth.… -
Trump vows to tank $15B buyout of US Steel by Japan’s Nippon
President-elect Donald Trump doubled down on a campaign promise Monday, Dec. 2. Trump said he would block a $15 billion deal between Japan’s Nippon Steel and U.S. Steel, but its fate could be sealed before he ascends to the Oval Office. “I am totally against the once great and powerful U.S. Steel being bought by… -
What do you mean Enron is ‘back’? Parody post confuses the internet
Twenty-three years to the day after filing for bankruptcy, energy company Enron claimed to be “back” in a cryptic X post on Monday, Dec. 2. Enron became infamous for an accounting fraud scandal that cost shareholders tens of billions of dollars and lost thousands of employees their hard-earned pensions. “In the modern world you must… -
Intel CEO Pat Gelsinger abruptly retires amid chipmaker’s bad year
Intel Chief Executive Officer Pat Gelsinger retired effective Dec. 1, the chipmaker announced the morning of Monday, Dec. 2. The hole filled by Gelsinger’s abrupt exit will be filled by internal interim co-CEOs, current Chief Financial Officer David Zinsner and Intel products CEO MJ Holthaus. Gelsinger started with Intel in 1979. He was the tech… -
Hasbro stock jumps as Elon Musk toys with idea of buying company
A simple question Elon Musk posted on X led to Hasbro’s stock receiving a boost on Friday, Nov. 29. In the post, Musk asked, “How much is Hasbro?” toying with the idea of buying the company. The share price jumped 2% with speculation Musk may be interested in buying the legendary toy maker and owner… -
FTC probe targets Microsoft’s business model in Lina Khan’s last stand
It might be FTC Chair Lina Khan’s last stand. The Federal Trade Commission (FTC) launched a sweeping investigation into Microsoft, according to multiple reports. A demand for information that’s “hundreds of pages long” drills “into everything from the company’s cloud computing and software licensing businesses to cybersecurity offerings and artificial intelligence products,” according to Bloomberg. The… -
Uniqlo risks boycott in China after CEO’s controversial Xinjiang comment
A Japanese retailer is facing a boycott in China after comments about where it sources its cotton. The global fashion chain Uniqlo is owned by Fast Retailing. The chief executive, Tadashi Yanai, told the BBC they don’t get cotton from China’s Xinjiang region. “We’re not using cotton from Xinjiang,” Yanai said. “By mentioning which cotton… -
Why Elon Musk and conservatives want to ‘delete’ CFPB
The forthcoming Department of Government Efficiency (DOGE) has a new target. Elon Musk is calling to “delete CFPB,” the Consumer Financial Protection Bureau. The agency has long been in conservatives’ crosshairs. Musk’s X post came after tech billionaire Marc Andreessen blasted the agency on Joe Rogan’s podcast. “It’s sort of Elizabeth Warren’s personal agency that she… -
The retailers vying to win this year’s shortened holiday shopping season
The holiday shopping season officially kicked off on Black Friday, but this year, holiday sales are expected to grow at the slowest pace since 2018. While inflation has significantly slowed, compounded inflation over the years has families thinking twice about big purchases or multiple smaller purchases. The National Retail Federation (NRF) still projects Americans will spend… -
Trump taps Jamieson Greer for USTR to push ambitious tariff policies
President-elect Donald Trump made a cabinet pick Tuesday, Nov. 26, that will play a crucial role in his second administration. Trump announced trade attorney Jamieson Greer will be his U.S. trade representative, overseeing the policy central to his campaign. Greer served as an Air Force lawyer and eventually transitioned to trade. He is a protégé… -
Intel secures $7.9B in CHIPS Act funding as Biden runs out of time
The Biden administration finalized $7.86 billion in funding to Intel. The investment is part of the $39 billion in subsidies set aside to bolster manufacturing as part of the massive CHIPS and Science Act. President Joe Biden announced the award in Arizona in March as he addressed the impact of the CHIPS Act. “We will… -
Trump’s proposed tariffs could violate his own trade deal with Canada and Mexico
Experts say President-elect Donald Trump’s vow to put 25% tariffs on Mexico and Canada violates the trade agreement he negotiated during his first term. The U.S.-Mexico-Canada Agreement, or USMCA for short, fulfilled Trump’s 2015 campaign promise to terminate and replace NAFTA, America’s longstanding free-trade agreement with its neighbors. Trump announced in a Truth Social post…
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USDA pauses scholarship funds directed toward HBCU students
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Reuters
Trump returns to CPAC, criticizes Biden and comments on Ukraine deal
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Trump’s Department of Justice removes database tracking police misconduct
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DOE to investigate Maine Education Department over trans athletes, Title IX
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Reuters
New coronavirus discovered in bats similar to COVID-19
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