In a significant development for the food delivery industry, Grubhub has agreed to a $25 million settlement following allegations from the Federal Trade Commission (FTC) and the Illinois Attorney General, Kwame Raoul. This lawsuit, which has captured widespread attention, centers around claims of deceptive practices that not only impacted diners but also workers and small
Business
Family offices, wealthy private entities formed to manage the financial affairs of affluent families, are increasingly opting to make direct investments in private companies. This shift marks a significant trend as family offices seek to capitalize on lucrative market opportunities while potentially avoiding high private equity fees. However, a recent study has raised concerns about
The recent loss of Brian Thompson, CEO of UnitedHealthcare, has not only cast a shadow over UnitedHealth Group but has also ignited a broader conversation about the state of the U.S. health care system. In a poignant tribute to Thompson, Andrew Witty, the current CEO of UnitedHealth Group, expressed his grief and acknowledged the pressing
Overdraft fees have been a longstanding concern in the realm of personal finance, often leaving consumers scrambling to cover unexpected charges. Traditionally, these fees have been an easily accessible source of revenue for banks, resulting in significant financial strain for millions of Americans. This week, the Consumer Financial Protection Bureau (CFPB) made headlines by introducing
As 2025 approaches, the sentiment among U.S. car dealers is one that oscillates between cautious optimism and underlying anxiety, particularly regarding the future of electric vehicle (EV) sales. A recent report from Cox Automotive reveals a significant increase in dealer confidence due to favorable economic factors and political changes, notably the election of President Donald
In a significant development for women’s sports, the emerging startup league Unrivaled has recently made headlines with its innovative approach to professional basketball. This new league is set to launch a 3×3 format exclusively for women, aiming to create a platform where top-tier athletes can showcase their skills and compete at a high level. With
The automotive industry is a realm where leadership and direction can significantly impact a brand’s performance and public perception. In a noteworthy shift, Tim Kuniskis, a key figure in Stellantis, has made a surprising return to helm the Ram Trucks brand. This development follows his retirement just five months ago, signaling a strategic reassessment at
Ulta Beauty recently reported its fiscal third-quarter earnings, exceeding Wall Street’s expectations and alleviating concerns surrounding increasing competition and shifting consumer demand in the beauty sector. This report is crucial as it reflects not only on Ulta’s current market performance but also sets the tone for the upcoming holiday season, a vital period for retailers
The legal turmoil surrounding Boeing has entered yet another chapter as a federal judge has shot down a plea deal associated with the criminal fraud charge that arose after two catastrophic crashes involving the 737 Max aircraft. The ruling from U.S. District Judge Reed O’Connor reflects deep concerns about the selection criteria for a government-appointed
In an era where consumers are increasingly aware of their expenditures, the American airline industry finds itself defending its pricing strategies in front of legislative scrutiny. On an upcoming Wednesday, top executives from major U.S. airlines will face a Senate panel challenging the legitimacy of what many refer to as “junk” fees associated with seat