The Fed is finally cutting rates, but banks aren’t in the clear just yet
When the Federal Reserve cut its benchmark rate by half a percentage point last month, it boosted prospects for many…
Category: Economy
TikTok’s use of casino-like virtual currency to allegedly exploit children faces scrutiny in DC lawsuit
The District of Columbia attorney general alleges that TikTok operates an alleged "unlicensed virtual currency" as part of its TikTok…
Ozempic underworld: Inside the black market of obesity drugs
A CNBC investigation into illegal weight loss drugs reveals a marketplace where criminals brazenly counterfeit the drugs or ship the…
CVS, UnitedHealth say FTC should take Lina Khan and two commissioners off drug middlemen case
The companies argue the commissioners have "a lengthy track record of making public statements that indicate serious bias" against pharmacy…
Bayer shares down 7% after U.S. court says it will review Monsanto case
The company said in a statement Wednesday that there was "no basis for a different outcome on appeal." ...
DOJ indicates it’s considering Google breakup following monopoly ruling
The Department of Justice late Tuesday indicated that it was considering a possible breakup of Google as an antitrust remedy.…
Walmart-owned Sam’s Club tests a future without checkout lines
The retailer's newest location doubles down on Sam's Club's bet on digital to drive growth and compete with Costco. ...
Samsung posts disappointing third-quarter profit guidance as it grapples with AI chips
Samsung posts worse-than-expected guidance for third quarter ...
Samsung issues lengthy apology after disappointing profit guidance — read the full statement
Samsung Vice Chairman, Jun Young-hyun, who is the new head of the company's Device Solutions Division, issued a rare apology.…