US Federal Judge Overturns $8 Cap on Late Credit Card Fees
US District Court Fort Worth judge Mark Pittman blocked the new rule imposed by the Consumer Financial Protection Bureau capping credit card late fees at $8.
Legal & Regulatory
EU Slaps Microsoft with Warning that it Could Face Billions of Fines Over Missing Generative AI Risk Report
The EU has sought for more information about Microsoft's risk report on its generative AI tools.
Alabama Mercedes-Benz Workers Vote 'No' to Unionization, a Tough Loss for the UAW
Mercedes-Benz workers in Alabama have voted against joining the United Auto Workers (UAW)...
Bankrupt Crypto Lender Genesis Global to Return $3 Billion to Customers
Genesis Global, a bankrupt crypto lending firm, has been allowed by the court to return approximately $3 billion in cash and cryptocurrency to its customers...
Chinese Nationals Accused of $73 Million Pig Butchering Crypto Scam Gets Arrested—DOJ Shares Details
Some Chinese nationals who are accused of a million-dollar pig butcher crypto scam were arrested. Here's what the Department of Justice announced...
Europe Trusts Chinese Supply Chains and Won't Follow US Tariff Hikes
Chinese companies are optimistic about global trade, posing challenges...
Ex- DEI Manager Barbara Furlow-Smiles Receives 5-Year Imprisonment for Allegedly Stealing $5 Million From Facebook, Nike
Federal authorities convicted a former diversity manager at Facebook a...
Latest News
Why Kim Jong Un Banned Red Lipsticks in North Korea? Here’s the Shocking Truth!
North Korea imposes strict regulations on fashion and appearance, with a particular focus on banning red lipstick.
US Tariffs on Chinese EVs, Green Tech to be Announced Next Week, Reports Say
White House officials said the Biden administration would impose a massive tariff increase on Chinese electric vehicles in an announcement on May 14.
Maryland Signs Anti-Speculative Ticketing Bill to Outlaw Suspicious Fees on Concert Tickets
Maryland's new ticketing bill, signed into law by Governor Wes Moore, aims to tackle deceptive practices in the live music industry, such as hidden fees and speculative ticket listings, by mandating a
US Now Considers Sanctioning Chinese Banks Supporting Russia's Ukraine Invasion—Will This Work?
The U.S. government weighs sanctions targeting Chinese banks. Can this help stop Russia from invading Ukraine?
Singapore PM Lee Admits Falling Victim to Online Scam, While Citizens Lose $2 Million Daily
Prime Minister Lee Hsien Loong reveals he once was scammed as Singaporeans are affected by online scammers, too, with the government expected to intensify efforts to combat fraudulent activities.
China's Yuan Weakens As Biden Hits Chinese EVs And Batteries With Tariffs
President Biden's administration plans to announce new tariffs on China, focusing on industries like electric vehicles, batteries, and solar cells, continuing the economic competition between the two
Trump Media Investor Found Guilty of Insider-Trading Case Ahead of Merger
A federal jury in New York convicted an investor on Thursday of insider trading in a shell company's shares ahead of its October 2021 merger announcement with Trump Media.
Microsoft’s Brad Smith Requested to House Committee Hearing This Month Over Security Breaches: Report
A House committee calls Microsoft's Brad Smith to testify later this month about software flaws that enabled hackers to access government officials' email accounts.
Nearly 800,000 BetterHelp Customers to Receive Refund Notices Following $7.8 Million Data Privacy Settlement
Around 800,000 BetterHelp customers are set to receive refund notices following a settlement with the FTC, with each refund amounting to nearly $10.
