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Sunday, August 9, 2020
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FTC says Yellowstone Capital deceived, overcharged small businesses

The Federal Trade Commission (FTC) sued Yellowstone Capital LLC and Fundry LLC for allegedly deceiving and overcharging small businesses. The companies’ founder and CEO Yitzhak...

Nasdaq closes at record, Dow surges 200 points to start August

On Monday, Wall Street continued its four-month winning streak with a surge in stocks, marking a positive start to the first trading day in...

TikTok sued by Triller for copyright infringement

TikTok has been sued by a rival Triller. The suit claims that TikTok is infringing on its patent for stitching together multiple music videos...

Bausch Health, formerly Valeant, to pay $45 million to settle SEC charges

Bausch Health formerly Valeant Pharmaceuticals agreed to pay a penalty of $45 million to settle a complaint filed by the Securities and Exchange Commission...

Layoffs on the rise as PPP funds are used up

American Airlines, Nike, several casinos along the Las Vegas Strip, LinkedIn, numerous retailers, Bridgewater and Schlumberger all have one thing in common. All have...

COVID-19 puts Amazon growth on steroids, Q2 earnings surge

Amazon’s second-quarter earnings on Thursday crushed every analyst’s estimates according to reporting by Business Insider.  Shares of Amazon popped, as much as, 6.4% on Friday....
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Tyson Foods accused of false advertising, FTC urged to investigate

Tyson Foods could face an investigation by the Federal Trade Commission (FTC) after two national advocacy groups accused the company of false advertising. On Thursday,...
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Victoria’s Secret owner, L Brands to eliminate around 850 corporate jobs

L Brands, the owner of Bath & Body Works and Victoria’s Secret, will eliminate approximately 15% or around 850 jobs at its corporate headquarters. The...

VALIC Financial Advisors (VFA) to pay $40 million to settle SEC charges

The Securities and Exchange Commission (SEC) announced that VALIC Financial Advisors (VFA) agreed to pay approximately $40 million to settle two regulatory actions against...

AAPA seeks $1.5B in COVID relief to save jobs, American supply chains

In a recent letter, the American Association of Port Authorities (AAPA) asked Congress for an emergency relief package to the tune of $1.5 billion...

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Belarus presidential election: Lukashenko leading in multiple regions

The Belarus presidential election has finally arrived with exit polls showing dictator Alexander Lukashenko leading in multiple regions across the country. Fraught with hope and...