Last week, FedEx sued the federal government to recover the money it had paid in tariffs. Now, the company is facing a tariff-related lawsuit of its own, the Associated Press reported Friday (Feb. 27). The suit is one of at least two federal lawsuits —...
Meta is suing advertisers who have allegedly impersonated celebrities to defraud consumers. The tech giant announced Thursday (Feb. 26) that it had taken “technical enforcement actions” against the accused scammers, such as suspending their payment methods, blocking the domain names for their websites and disabling...
A U.K. Court of Appeals ruled Thursday (Feb. 26) that two lawsuits alleging that Amazon abused its dominant position in the market can proceed, according to updates posted by the Competition Appeal Tribunal. Amazon had asked the court to throw out the collective proceedings, which...
At least 1,800 companies have filed lawsuits seeking refunds on U.S. tariff payments, The Wall Street Journal reported Wednesday (Feb. 25). Many of the suits came before last week’s Supreme Court ruling striking down many of President Donald Trump’s tariffs, which collected about $130 billion,...
From Amazon to dentist offices to Uber, companies that aren’t banks are the new face of financial services. Embedded finance offers credit, buy now, pay later, card installment plans, payments and insurance for everything from Prada handbags and veneers to Uber driver wages. With three...
The Commodity Futures Trading Commission (CFTC) said Wednesday (Feb. 25) that it has full authority to police illegal trading practices on designated contract markets (DCMs). The regulator said this in a press release after the DCM Kalshi announced that it reported two insider trading cases...
FedEx has taken legal action over the tariffs recently struck down by the Supreme Court. The shipping giant’s complaint, filed Monday (Feb. 23), is believed to be the first major lawsuit seeking a reimbursement since the court ruled that President Donald Trump had no authority...
First Citizens BancShares is looking to make acquisitions that will give it the scale needed to deal with the additional regulations that come into effect when a bank reaches $250 billion in assets, Bloomberg reported Friday (Feb. 20), citing unnamed sources. The bank had $230 billion in...
Two days after the Supreme Court’s tariff decision, the headline is no longer simply that the justices drew a line on presidential authority. The immediate question for importers and for the banks and retailers financing and selling those goods is more practical. Up next: What...