Business News
DoorDash reaches $131.5M settlement with New York City over delivery workers’ pay
DoorDash said on Tuesday it reached a $131.5 million settlement of a New York City probe that found the company underpaid or waited too long to pay workers.
Warren Buffett steps down as chairman of Berkshire Hathaway
Warren Buffett is stepping down as chairman of Berkshire Hathaway, after more than 60 years guiding the firm that turned him into a household name for millions of investors worldwide.
Senate blocks crypto regulation bill in a major blow to the industry
Senate Democrats blocked legislation to create a new regulatory framework for cryptocurrency, stalling an industry-backed effort to create uniform rules.
Diesel prices push to new all-time high as oil prices jump after key Saudi pipeline shut
The price of oil jumped Monday after Saudi Arabia shut a critical pipeline and talks about the future of the Strait of Hormuz were postponed.
Smucker’s lawsuit against Trader Joe’s over frozen PB&J can proceed, judge rules
Smucker is seeking restitution from Trader Joe’s. It also wants a judge to require Trader Joe’s to deliver all products and packaging to Smucker to be destroyed.
Trump’s war on woke leaves almost $300 million in small-business loans in limbo
Congress appropriated funds to help America’s small businesses. The administration won’t release the money.
Disney and ABC sue FCC, seeking to stop early license renewal process
The Walt Disney Company and ABC sued the FCC, seeking to stop an early license renewal process that they say is an attack by the Trump administration.
Group including Amazon founder Jeff Bezos to buy minority stake in Liverpool
A consortium including Amazon founder Jeff Bezos has reached a definitive agreement to buy a minority stake in Liverpool, the Premier League club’s owners Fenway Sports Group said on Friday.
SpaceX hit by surging AI costs as insiders prepare to sell their shares
For a rocket company, SpaceX is spending a lot of money to build out its AI capacities.
J&J reaches sweeping talc deal that could end decade of litigation
Johnson & Johnson said it would pay an estimated $5.5 billion to resolve tens of thousands of lawsuits alleging its baby powder and other talc products cause ovarian cancer, in a landmark deal.