Charlie Javice, founder of fintech startup Frank, was sentenced to 7 years and 1 month in prison for defrauding JPMorgan Chase by inflating her company’s customer numbers before its $175 million acquisition in 2021. Javice and her chief growth officer were convicted on fraud and conspiracy charges after a jury found that she had created millions of fake accounts to misrepresent Frank’s reach. In addition … Continue reading Startup founder Charlie Javice sentenced to 7 years in prison for defrauding JPMorgan Chase

Jaguar Land Rover plans to gradually resume production after a cyber-attack forced a shutdown on 1 September. The engine facility in Wolverhampton is expected to restart on 6 October, with other UK plants following in a phased approach. Full production may take several weeks to resume, the BBC has reported. JLR said its recovery program is underway, working with cybersecurity experts, the UK National Cyber … Continue reading JLR to resume some manufacturing in coming days after cyber-attack

European stocks rose on Monday as investors weighed the risk of a potential U.S. government shutdown. The Stoxx 600 gained 0.2%, with the FTSE 100 up 0.6%, while Germany’s DAX was flat and France’s CAC 40 rose 0.1%. Lufthansa shares climbed 1.3% after reporting strong free cash flow, earnings targets, and plans to cut 4,000 administrative jobs. Pharmaceutical stocks also advanced, led by Belgium’s UCB … Continue reading European stocks edge higher; Lufthansa plans to cut 4,000 jobs

Starbucks plans to cut around 900 U.S. jobs and close its worst-performing stores in North America, the UK, Switzerland, and Austria as part of a cost-saving and turnaround strategy. CEO Brian Niccol said the closures aim to improve customer experience, reduce wait times, and revive sales, while the company still plans to open 80 new stores in the UK and 150 across EMEA. The U.S. … Continue reading Starbucks to close some US and UK stores

Starbucks plans to cut 900 corporate jobs, close unprofitable stores, and freeze open positions as part of a $1 billion restructuring under CEO Brian Niccol. The company aims to reinvest savings into store improvements, adding staff, renovating 1,000 locations, and introducing a new 32-seat, drive-through prototype in 2026. U.S. same-store sales fell 2% in its latest quarter, and the company expects a 1% reduction in … Continue reading Starbucks to close stores, slash 900 jobs in restructuring plan

NBCUniversal warned it may pull its networks—including NBC, Telemundo, Bravo, CNBC, MSNBC, and USA Network—from YouTube TV if a new distribution deal isn’t reached by Sept. 30. NBCU criticized YouTube TV for demanding “preferential treatment” and said customers could lose access to major shows and sports. YouTube TV responded that NBCU’s rates are too high, promising a $10 credit if content is unavailable. This marks … Continue reading NBC warns customers it may go dark on YouTube TV

Turkish Airlines plans to expand its fleet with 225 Boeing aircraft, including 75 long-haul B787-9/10s and 150 737-8/10MAXs. Deliveries for the B787s are scheduled between 2029 and 2034, with engine and maintenance deals in progress with Rolls-Royce, GE Aerospace, and CFM International. The announcement followed a meeting between Turkish President Erdogan and U.S. President Trump, who recently hinted at easing restrictions on advanced U.S. fighter … Continue reading Turkish Airlines to expand fleet with 225 new Boeing aircraft

Lithium Americas shares soared nearly 95% Wednesday after the Trump administration proposed taking an equity stake in the Vancouver-based mining company. The move comes as Lithium Americas renegotiates a $2.2 billion Department of Energy loan for its Thacker Pass lithium mine in Nevada, a key North American source for electric vehicle batteries. The proposed stake would serve as a cash buffer for taxpayers if part … Continue reading Lithium Americas soars 95% as Trump administration seeks equity stake in Canadian miner

U.S. stock futures dipped Thursday after a record-breaking rally earlier in the week, as investors awaited Friday’s release of the Personal Consumption Expenditures (PCE) index, the Fed’s preferred measure of inflation. The cautious sentiment reflects uncertainty over whether recent market gains are supported by fundamentals, with analysts warning that hotter-than-expected inflation data could weigh on stocks. Economic data on Thursday, including existing home sales, jobless … Continue reading S&P 500, Nasdaq futures down as caution builds ahead of inflation data

Apple has urged the European Commission to repeal or revise the Digital Markets Act (DMA), warning that the legislation could force it to halt some products and services in the EU. The company argued that requirements for interoperability with non-Apple devices are delaying features like live AirPods translation and iPhone-to-laptop screen mirroring, compromising user experience and privacy. Apple also claimed the rules create unfair competition, … Continue reading Apple calls for changes to anti-monopoly laws and says it may stop shipping to the EU

Eli Lilly confirmed on Sept. 23 that it will build a $6.5 billion manufacturing plant in Houston’s Generation Park as part of its domestic expansion. CEO David Ricks joined Texas Gov. Greg Abbott for the announcement, marking an increase from the previously planned $5.9 billion investment. The plant is located within the Sheldon Independent School District. Earlier this year, Lilly filed for a tax abatement … Continue reading Eli Lilly announces plans for $6.5B manufacturing plant in Houston

Alibaba shares surged Wednesday in Hong Kong and U.S. premarket trading after the company announced increased AI investments and new product updates. Hong Kong-listed shares rose over 6% to their highest level since 2021, while U.S. shares jumped 9.3% in premarket trade. CEO Eddie Wu said Alibaba will expand its three-year, 380 billion yuan ($53 billion) AI infrastructure initiative and unveiled the latest Qwen3-Max large … Continue reading Alibaba shares jump 9% in U.S. premarket after CEO unveils plans to boost AI spending

OpenAI, Oracle, and SoftBank announced plans Tuesday to build five new AI data centers in the U.S. as part of the $500 billion Stargate project. OpenAI will open three sites with Oracle in Texas, New Mexico, and an undisclosed Midwest location, while two additional centers will be built in Ohio and Texas with SoftBank. The expansions, alongside existing projects, will bring Stargate’s capacity to nearly … Continue reading OpenAI, Oracle, SoftBank plan five new AI data centers for $500 billion Stargate project

Federal Reserve Chair Jerome Powell said Tuesday that asset prices, including stocks, are currently elevated. Speaking in Providence, Rhode Island, he noted that the Fed monitors financial conditions to ensure policies achieve their goals, acknowledging that equities are “fairly highly valued.” Stocks had rallied ahead of last week’s policy meetings on expectations of an interest rate cut and set record highs following the Fed’s quarter-point … Continue reading Fed Chief Powell says stock prices appear ‘fairly highly valued’

Spirit Airlines plans to furlough roughly 1,800 flight attendants—about a third of its cabin crew—as part of cost-cutting measures during its second bankruptcy in under a year. The airline will first offer voluntary furloughs of six or 12 months, with affected employees retaining medical benefits, before moving to involuntary furloughs starting Dec. 1. About 800 attendants are already on voluntary leave, but the company has … Continue reading Spirit Airlines to furlough 1,800 flight attendants to cut costs in bankruptcy

AquaStar (USA) Corp. is recalling more than 85,000 bags of shrimp sold at Kroger, Walmart, and other retailers across 31 states due to potential contamination with cesium-137, a radioactive isotope. The recall affects multiple products, including raw and cooked shrimp varieties sold between June 12 and Sept. 17, 2025. While no shrimp have tested positive for cesium-137 and no illnesses have been reported, the FDA … Continue reading Shrimp sold in 31 states recalled due to possible radioactive contamination

Amazon went to trial Monday in a federal lawsuit brought by the FTC, which accuses the company of using “dark patterns” to enroll millions of customers in its $139-per-year Prime service without clear consent and making cancellations excessively difficult. The FTC alleges that Amazon’s checkout process emphasized sign-ups while hiding crucial information in fine print and required navigating a convoluted four-page, six-click system to cancel. … Continue reading Amazon faces US trial over alleged Prime subscription deceptions

President Trump said Rupert Murdoch, his son Lachlan, Oracle’s Larry Ellison, and Dell’s Michael Dell are likely to be involved in a U.S. deal to keep TikTok operational. The plan would give Americans control over six of the seven board members and the app’s algorithm, with Oracle overseeing U.S. data and privacy. Trump and Chinese leader Xi Jinping have discussed the deal, but China says … Continue reading Trump says Murdochs are potential TikTok deal partners

European stocks edged lower Monday as investors reacted to U.S. President Trump’s surprise H-1B visa fee hike. The Stoxx 600 fell 0.2%, with auto stocks hardest hit—Porsche dropped 6.7% after lowering its 2025 profit forecast and delaying electric car launches, dragging Volkswagen down 5.5%. The new $100,000 visa fee, effective Sunday, has raised concerns for companies reliant on skilled foreign workers, drawing criticism from India, … Continue reading Porsche shares shed 7% after cutting outlook

Three Colorado-based companies—Nuka Enterprises LLC, Sima Sciences LLC, and Nuka Properties LLC—will cease operations after settling a state lawsuit over their cannabis-based sleep aid, “Midnight Drops.” Consumers began reporting health issues in 2020, linked to herbal ingredients Corydalis and Stephania extracts, which may cause liver injury. Despite warnings, the companies continued selling the product, CBS News has reported. Under the settlement, they will pay a … Continue reading Cannabis companies kicked out of Colorado after reports of liver injuries

Over 3,300 pounds of Kirkland Signature Ahi Tuna Wasabi Poke sold at Costco have been recalled due to potential listeria contamination in the green onions used in the product. The recall was announced by Western United Fish Co. with FDA oversight after a supplier’s test on Sept. 17 came back positive for Listeria monocytogenes. No illnesses have been reported, but the bacteria can cause serious infections … Continue reading Costco recalls poke sold under Kirkland Signature brand over possible listeria contamination

China’s central bank kept its benchmark lending rates unchanged for the fourth month in a row, holding the one-year rate at 3.0% and the five-year rate at 3.5%, despite the U.S. Federal Reserve cutting rates last week. The decision aligns with expectations that authorities would avoid major stimulus amid a recent stock market rally, even as economic data show signs of slowdown. Retail sales and … Continue reading China leaves benchmark lending rates unchanged

U.S. Treasury yields rose Friday as investors assessed the economy and future monetary policy following the Federal Reserve’s first rate cut of the year. The 10-year yield climbed to 4.135% and the 2-year yield reached 3.578%, marking their highest levels since Sept. 5, while the 30-year yield rose to 4.747%. Despite lower short-term rates, longer-term yields increased amid expectations for stronger economic growth, inflation, and … Continue reading 10-year Treasury yield hits 2-week high despite Fed rate cut

The Federal Trade Commission and a bipartisan group of state attorneys general sued Ticketmaster and parent company Live Nation Thursday, alleging the companies use illegal tactics that force consumers to pay more for live events. The FTC claims Ticketmaster advertises lower ticket prices, imposes fake purchase limits, and works with brokers who use fake accounts to buy tickets and resell them at high markups, from … Continue reading FTC sues Ticketmaster, saying it forces fans to pay more for concerts and events

Stocks rose Friday, with major indexes hitting new records, as investors anticipated a Federal Reserve interest rate cut. The Dow gained 98 points (0.2%), the S&P 500 rose 0.2%, the Nasdaq advanced 0.3%, and the Russell 2000 climbed 0.1% to a record high. Apple shares jumped 1.4% on its new iPhone launch, while Tesla rose 2%. Strong corporate earnings and the Fed’s quarter-point rate reduction, … Continue reading Stocks rise, Russell 2000 hits fresh record