Business

American Airlines, JetBlue partnership violates antitrust laws, judge rules

The DOJ filed a lawsuit in 2021 that claimed the partnership is effectively a merger and would raise prices for passengers. American Airlines’ partnership with JetBlue violates antitrust laws, a Massachusetts judge ruled Friday in a win for the Justice Department, according to a report.   The two airlines could coordinate schedules and routes in the …

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Kia and Hyundai settle $200M class-action lawsuit over TikTok challenge thefts

Owners will get security software updates and reimbursement for losses Kia and Hyundai settled a $200 million consumer class-action lawsuit brought against the automakers due to a crime wave targeting their models. The corporate cousins sold approximately 9 million vehicles in the U.S. since 2011 that were not equipped with ignition immobilizers, making them easy to …

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Officials investigate mysterious disappearance of 30-Ton shipment of explosive chemicals in California

Ammonium nitrate is commonly used as fertilizer but can also be used as an ingredient in homemade explosives Approximately 61,000 pounds of ammonium nitrate, a chemical used as both fertilizer and an ingredient in explosives, went missing when it was shipped by rail from Wyoming to California last month, prompting officials to begin investigating the mysterious …

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China slaps restrictions on US company over ‘national security’ risks as chip war escalates

Chinese government’s move comes as U.S., Japan, Europe restricted exports of advanced chips to China China’s government announced new restrictions Sunday on a major U.S. chipmaker, citing national security concerns as the global competition over advanced semiconductors escalates. The leading cybersecurity regulator in China, known as the Cyberspace Administration of China (CAC), announced a review of …

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Dave Ramsey reveals top tips for saving money at young age, spotlights harmful effects of ‘helicopter’ parents

Ramsey argues that ‘helicopter parents’ are not doing their child any ‘favor[s]’ Renowned financial adviser Dave Ramsey has ruffled the feathers of parents nationwide with his old-school solution for young people trying to save money. The online debate began when one set of Texas parents revealed they started charging their 19-year-old daughter rent to live at …

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Inflation to remain high for 2023, 2024: NABE survey

NABE economists see inflation remaining above the Fed’s 2% target rate through Q4 of 2024 America’s top economists expect that inflation will remain persistently high through 2023 and 2024, according to a new survey by the National Association for Business Economics (NABE). NABE released its May 2023 outlook survey on Monday which found that 98% of …

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Treasury to run low on cash by June 8 or 9 unless debt limit raised: Goldman Sachs

The Goldman Sachs economists’ note said the Treasury may need the debt limit to be increased by June 1 or 2 The Treasury Deptartment is expected to run out of the cash necessary to fund the federal government’s obligations by June 8 or 9 unless the debt ceiling is lifted, according to a report by Goldman Sachs. …

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Stock Market News: JPMorgan investor update, Meta’s $1.3 billion fine, Micron’s warning

Debt ceiling talks resume as the deadline looms, JPMorgan delivers rosy forecast at investor day, Micron warns over China exposure and Facebook parent Meta slapped with heavy fine. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. Chipmaker Micron disclosed to investors, in a filing with …

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Positive marijuana tests following workplace accidents highest in 25 years

Percentage went from 6.7% to 7.3% year over year The year 2022 marked the year that drug tests administered after workplace accidents showing positive results for marijuana reached the highest level in 25 years, according to a recent Quest Diagnostics analysis.  The Quest Diagnostics analysis, unveiled Thursday, showed that positive marijuana urine tests after workplace accidents among the …

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