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Business News

Man found guilty of Selling $3.5M in Counterfeit and Deficient Electronics to Department of Defense

The Department of Defense (DoD) has found a California man guilty of defrauding the Defense Logistics Agency (DLA) for $3.5m by selling counterfeit fans. The ruling came after the defendant...

Business News

Samuel Bankman-Fried to serve 25 years for misleading investors

The founder of cryptocurrency firm FTX is set to serve twenty-five years behind bars after misleading customers and investors. Sam Bankman-Fried (SBF) would oversee one of the biggest financial investment...

Business News

Fed's Waller see's no need to rush into interest rate cuts amid rising productivity

Recent data has shown that the U.S. Federal Reserve could hold off on cutting short-term interest rates in the face of rising productivity results, according to Chris Waller, a leading...

Business News

SEC wins major victory in Coinbase legal battle

U.S. Securities and Exchange Commission (SEC) has won an early victory in the legal saga involving Coinbase. U.S. District Judge Katherine Polk Failla wrote that "the Court finds the SEC...

Business News

Oxfam's latest research says corporate America is fueling inequality

In a recently released research document, Oxfam stated that major United States companies contribute to global inequality. The charity said, "The largest US corporations have been driving the inequality crisis,...

Business News

Credit card giants Mastercard and Visa agree $30m settlement amount for merchant charges

A decadeslong antitrust saga has come to a close as Mastercard and Visa have agreed on a settlement of a rumored $30 million to limit the fees merchants face. Merchants...