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Visa-Mastercard $30 Billion Swipe Fee Deal Setback as Judge Hints at Rejection

Visa-Mastercard $30 Billion Swipe Fee Deal Setback as Judge Hints at Rejection

A federal judge in Brooklyn indicated that she will likely reject the $30 billion settlement between Visa, Mastercard, and retailers aimed at capping credit card swipe fees.


Donald Trump Slams US Aid to Ukraine, Talks Raising Tariffs to Replace Income Tax in First Capitol Hill Visit Since January 6 Riot

Former President Donald Trump has slammed US aid to Ukraine and proposed replacing the US income tax with higher tariffs during a visit to Capitol Hill on Thursday.

FDA Took Over a Year to Act on Whistleblower Tip About Abbott Nutrition, New Audit Finds

An audit revealed that the FDA took over 15 months to act on a whistleblower complaint about conditions at an Abbott Nutrition factory.

US Returns Additional $156 Million to Malaysia From Stolen 1MDB State Fund

The United States (US) has returned $156 million to Malaysia, which was recovered from assets seized in investigations into a global corruption scheme involving the 1Malaysia Development Berhad (1MDB) state fund.


Latest News

LinkedIn Unveils New AI-Powered Features for Premium Subscribers to Optimize Job Search
LinkedIn Premium users can now use new AI-powered tools to improve their cover letters and resumes.
Apple Faces New Lawsuit That Claims of Underpaying Female Workers in California
Apple is facing a proposed class action lawsuit alleging it systematically underpaid over 12,000 female employees in California.
fdic
President Joe Biden will reportedly suggest Christy Goldsmith Romero to replace Martin Gruenberg as the head of FDIC.
Goldman Sachs Plans to Double Lending to Ultra-Wealthy Private Bank Clients in the Next 5 Years: Report
Goldman Sachs plans to double its lending to wealthy private bank clients in the next five years. Goldman Sachs plans to double its lending to wealthy private bank clients with account sizes surpassing $10 million in the next five years.
US Congress Scrutinizes Microsoft President Over China Ties, Security Failures
Microsoft President Brad Smith was intensely questioned by a House homeland security panel on Thursday regarding the company's security practices and ties with China.
cyberattack
Ascension said the May ransomware attack was triggered by an employee who mistakenly downloaded a malicious file.
OpenAI Hires Ex-NSA Chief Paul M. Nakasone to its Board
Former National Security Agency (NSA) director and retired US Army general Paul M. Nakasone has been named as the new board member of OpenAI.
Tesla Shareholders Approve Elon Musk's Pay Package; X Demands Money from Ex-Employees, Citing Overpayment
Shareholders of Tesla approved the move to increase the pay package of CEO Elon Musk to $56 million.
T-Mobile Reports Strong Quarterly Earnings
T-Mobile secures a $2.67 billion contract with the U.S. Navy for advanced communication technologies, supported by its partnership with SpaceX for improved service delivery.
Wise
Wise's stock plunged 10% after projecting slower revenue growth, expecting a 15-20% income increase for FY ending March 2025, down from 31% last year.