Just Business – Latest News and Analysis – Page 2 | Straight Arrow News

Critics say legislation to make tips tax-free could incentivize employers to create more tipped jobs. But Americans are already tipping less.

Will ‘no tax on tips’ make tipping culture even more taxing for Americans?

The FTC sued John Deere over the right to repair, claiming the company reaps profits by pushing farmers to authorized dealers.

John Deere blames politics for FTC lawsuit on farmers’ right to repair

The three biggest pharmacy benefit managers marked up "lifesaving" medications to generate $7.3 billion in five years, according to the FTC.

‘Big 3’ pharmacy benefit managers marked up drugs by $7.3B: FTC

Government emergency alert systems failed to notify residents during the Los Angeles wildfires, according to officials.

California wildfires causing $57 billion in damage as providers canceled insurance

CFPB alleges Vanderbilt Mortgage and Finance steered customers to buy manufactured homes they couldn’t afford.

CFPB sues Warren Buffett-backed mortgage lender for ignoring ‘red flags’

During the CES 2025 keynote, Nvidia announced the development of an AI supercomputer and AI for training robots and cars.

Nvidia reveals new AI supercomputer, technology to train robots

After a unannounced visit to meet with President-elect Donald Trump, Italian Prime Minister Giorgia Meloni says SpaceX deal weren't discussed.

Italian PM denies SpaceX talks with Trump as nation nears €1.5 billion deal

East Coast longshore workers could go back on strike if a union deal on automation isn't reached by Jan. 15.

Dockworkers push to ban automation at ports with strike deadline weeks away

Nippon Steel is offering the U.S. government veto power over U.S. Steel production cuts as Biden decides whether to approve the deal.

Japan’s Nippon makes last-minute promise to close US Steel deal

President Biden called for a ban on congressional members trading stock as the clock runs out on his time in the Oval Office.

Biden backs banning stock trades for Congress. Will Trump?

The Fed shaved off another 25 basis points from its benchmark interest rate while inflation is moving away from the Fed's target.

Fed forges ahead with third interest rate cut despite growing inflation

The FTC's rule banning hidden fees for hotels and live events may be Biden's final shot at junk fees, but will the rule survive?

FTC bans ‘bait-and-switch’ junk fees in hotels, rentals, ticket sales

SoftBank is doubling down with its investment in President-elect Donald Trump's economy, committing $100 billion during Trump's second term.

Trump secures $100 billion investment in America from Japan’s SoftBank

Sens. Elizabeth Warren and Josh Hawley introduced bipartisan legislation that would bust up healthcare conglomerates that own pharmacies.

Bill would force Big Health Care to sell pharmacies within 3 years

Grocery chain Albertsons is suing Kroger for billions in damages for not doing enough to get regulatory approval for the $25 billion merger.

Albertsons sues Kroger, terminates $25 billion merger

Consumer price inflation rose 2.7% annually in November, up from October's 2.6% rate, as the Federal Reserve weighs more rate cuts.

Inflation rate ticks up for second straight month ahead of next Fed decision

Macy’s is facing off with an activist investor group that thinks the real estate it sits on is more valuable than the company itself.

Macy’s activist investor may be ‘most truthful’ about retailer’s future

Beijing launched an antitrust investigation into Nvidia just a week after U.S. increased restrictions on chip exports to China.

Nvidia dragged into US-China tit-for-tat over chip restrictions

DOGE co-chair Vivek Ramaswamy says they will intensely review President Joe Biden's “last-minute spending spree."

Ramaswamy says DOGE will scrutinize Rivian loan and CHIPS Act awards

Amazon excluded certain Washington, D.C., neighborhoods from fast Prime delivery, according to a lawsuit by the District’s attorney general.

DC accuses Amazon of ‘secretly’ excluding zip codes from 2-day delivery

President-elect Donald Trump said he is "totally against" a foreign takeover of U.S. Steel, threatening the company's deal with Nippon Steel.

Trump vows to tank $15B buyout of US Steel by Japan’s Nippon

Intel Chief Executive Officer Pat Gelsinger retired effective Dec. 1, the chipmaker announced the morning of Monday, Dec. 2.

Intel CEO Pat Gelsinger abruptly retires amid chipmaker’s bad year

President-elect Donald Trump cabinet choice for trade, Jamieson Greer, will play a crucial role in Trump's second administration.

Trump taps Jamieson Greer for USTR to push ambitious tariff policies

Intel will receive nearly $8 billion in funding from the CHIPS Act as the Biden administration races to allocate grant money.

Intel secures $7.9B in CHIPS Act funding as Biden runs out of time

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