Thousands of U.S.-bound packages shipped by UPS are trapped at hubs across the country, unable to clear the maze of new customs requirements imposed by the Trump administration. As packages flagged for customs issues pile up in UPS warehouses, the…
Economy
China outlines more controls on exports of rare earths and technology
HONG KONG — China outlined new curbs on exports of rare earths and related technologies on Thursday, extending controls over use of the elements critical for many high-tech and military products ahead of a meeting in about three weeks between…
Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News
The newly formed media corporation Paramount Skydance has acquired The Free Press, an online news and commentary outlet co-founded by Bari Weiss, who will join CBS News as editor-in-chief. Weiss launched The Free Press in 2021 with her wife, Nellie…
Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of aid startup
Charlie Javice, the founder of a startup company that sought to dramatically improve how students apply for financial aid, was sentenced Monday to more than seven years in prison for cheating JPMorgan Chase out of $175 million by greatly exaggerating…
YouTube to pay $24 million to settle Trump lawsuit
YouTube said Monday it would settle a lawsuit brought by President Donald Trump for more than $24 million, adding to a growing list of settlements with tech and media companies that have amassed millions of dollars for Trump’s projects. Trump…
Trump says U.S. will impose new tariffs on heavy trucks, drugs and kitchen cabinets
President Donald Trump on Thursday announced a new round of punishing tariffs, saying the United States will impose a 100% tariff on imported branded drugs, 25% tariff on imports of all heavy-duty trucks and 50% tariffs on kitchen cabinets. Trump…
Former Fed chairs warn that removing Lisa Cook could lead to inflation boom
A group of the country’s top economic leaders, including every living former Federal Reserve chair, filed an amicus brief with the Supreme Court on Thursday in support of Fed governor Lisa Cook, who President Donald Trump is seeking to remove.…
Amazon to pay $2.5 billion to settle FTC allegations that it duped customers into enrolling in Prime
SEATTLE — Amazon has reached a historic $2.5 billion settlement with the Federal Trade Commission, which said the online retail giant tricked customers into signing up for its Prime memberships and made it difficult for them to cancel after doing…
The charm of watching movies in theaters is fading
WASHINGTON — Americans are more likely to watch newly released movies from the comfort of their own homes instead of heading out to a theater, according to a new poll. About three-quarters of U.S. adults said they watched a new…
Ben & Jerry’s co-founder resigns, claiming parent company Unilever ‘silenced’ its campaigning
Jerry Greenfield, co-founder of the Ben & Jerry’s ice cream brand, has stepped down from the company he started 47 years ago citing a retreat from its campaigning spirit under parent company Unilever. Greenfield wrote in an open letter late…