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Nike becomes latest retailer sued by customers for not refunding tariff costs
Nike was sued on Friday by consumers who accused the athletic apparel and footwear maker of not refunding tariff-related costs it passed on in the form of higher prices. In a proposed class action, consumers said Nike should not be allowed to keep “significant”...
Judge won’t rubber-stamp Elon Musk’s $1.5M settlement with SEC over Twitter disclosures
A federal judge on Friday declined to quickly approve the Securities and Exchange Commission’s $1.5 million settlement with Elon Musk over his purchase of Twitter, saying she wants more information about whether the accord is fair and how it was reached. The...
Inside the $2.6B plan to boost LA Convention Center with luxe new additions
Los Angeles is going all in on its Olympic glow-up, with city leaders pushing a staggering $2.6 billion makeover of the aging LA Convention Center (LACC) in a desperate bid to revive a struggling downtown before the 2028 Games. While full construction job won’t...
ABC accuses Trump admin of violating free speech rights, major escalation of fight centering on ‘The View’
ABC is accusing the Trump administration of violating its First Amendment rights, a major escalation in a regulatory dispute centering on “The View.” The Walt Disney-owned broadcaster blasted Federal Commissions Commission Chairman Brendan Carr for what it...
JPMorgan warns $5 gas looks far more likely as Iran war pushes fuel prices sky high
A $5 price tag at gasoline pumps is looking like more of a possibility, according to JPMorgan analysts. They warned Friday that the jet fuel crisis sparked by the Iran war’s historic energy supply disruption is making the prospect of gas prices hitting $5 a...
Joni Lamb, who co-founded one of the largest Christian TV networks, dead at 65
Joni Lamb, who with her late husband founded the Daystar Television Network and guided it to become one of the world’s largest Christian TV networks, died Thursday. She was 65. Lamb, the network’s president, had been suffering from serious health issues before...
Another SoCal city aims to ban self-checkout lanes, following moves in Long Beach and Costa Mesa
California shoppers may soon find there’s no such thing as a quick getaway from the grocery store. A major change could soon hit grocery stores in Santa Ana, that could include customers being closely watched at self-checkout lines. The strict new regulations...
OnlyFans to sell 16% stake to Architect Capital at $3B valuation
OnlyFans announced Friday that it reached a deal to sell a roughly 16% stake to Architect Capital that values the porn streaming site at $3.15 billion, after the Silicon Valley investment firm struggled to clinch backers. Fenix International Limited, which owns...
Jane Street, one of Wall Street’s most secretive firms, hauled in whopping $16B in trading revenue — here’s how
Jane Street pulled in a record haul of $16.1 billion in trading revenue for the first three months of the year, as the Wall Street market maker benefited from bouts of increased market volatility and a jump in the value of its stakes in top AI companies like...
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