A New York court dismissed a class action lawsuit against Uniswap, stating that the responsibility for scam tokens rests with their issuers rather than the decentralized exchange, and classified ether (ETH) and bitcoin (BTC) as commodities.
Disney and Charter have settled their recent carriage dispute, with Charter gaining the right to offer the ad-supported tier of Disney+ to its subscribers in exchange for a wholesale fee, and Disney gaining access to Charter's distribution muscle to push its entire direct-to-consumer portfolio.
Oracle exceeded earnings estimates for its fiscal first quarter, but its sales were in line with expectations, causing a 9.2% drop in Oracle stock during after-hours trading.
The Federal Reserve's preferred inflation measure, the core Personal Consumption Expenditures (PCE) Index, rose 4.2% in July, indicating a slight increase from the previous month and aligning with economist expectations, as the central bank works to bring inflation back to its target of 2%.
A federal judge ruled that the Consumer Financial Protection Bureau (CFPB) exceeded its authority by attempting to address discriminatory practices in the banking industry, rejecting the agency's efforts to include nondiscrimination in its regulatory purview.
The Food and Drug Administration (FDA) is considering whether to remove oral phenylephrine, a common ingredient in over-the-counter cold and cough medicines, from the market as a nasal decongestant due to research suggesting it is ineffective in relieving nasal congestion when taken orally.
The U.S. FDA's independent experts have voted against recommending the approval of Medtronic's blood pressure treatment device, citing that the risks do not outweigh the benefits.
Southwest Airlines is reducing the availability of its EarlyBird boarding service, which allows passengers to pay an extra fee for priority seating, in an effort to push customers towards other options for moving up in the boarding line.
Shein and Forever 21, two fast-fashion rivals, are partnering to expand their presence in the global apparel market.
Carnival Cruise Line's website glitch mistakenly displayed steep discounts for its Cheers! beverage package, but the discounted price will not be honored; instead, guests will receive a refund of their purchase and a discount code to repurchase the package at a discounted rate.
Swiss banking giant UBS reported a second-quarter net profit of $28.88 billion, boosted by its acquisition of Credit Suisse and the reversal of net asset and deposit outflows, leading to a rally in its shares to 15-year highs, although Deutsche Bank suggests UBS may remain a "construction site" for some time.
Kellogg Co. has received formal approval from its board of directors to split into two separate companies, with WK Kellogg Co. focusing on cereals in North America and Kellanova focusing on snack foods and international growth opportunities.
Grimes and Elon Musk have confirmed that they share three children, with Grimes revealing the name of their third child, nicknamed "Tau," and stating her priority is to keep her babies out of the public eye.
VanMoof, the bankrupt Dutch e-bike maker known for its high-end and technologically advanced bikes, has been acquired by Lavoie, an upscale electric scooter company, with plans to address challenges and improve availability of parts and repairs.
Classic US snack maker Hostess Brands is being acquired by rival food giant JM Smucker in a $5.6bn deal, adding an iconic sweet snacking platform to drive continued growth, according to Smucker's CEO Mark Smucker.
A dog named Maia, who escaped from her crate at Hartsfield-Jackson Atlanta International Airport, was finally found and reunited with her owner after three weeks of evading capture.
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Insurance claims in Florida from Hurricane Idalia, a Category 3 storm, are expected to cost billions of dollars, with estimated insured losses of $9.36 billion, potentially leading to higher premiums for customers and further challenging the insurance industry in a year already marked by losses from natural disasters.
Over a dozen MGM Hotels & Casinos have shut down operations after a cyberattack on its computer systems, causing outages and impacting guests' ability to access rooms, use ATMs, and charge items to their rooms.
Elon Musk circulated a photo of Grimes during her C-section without her consent, according to a new biography by Walter Isaacson, which also revealed that Musk and Grimes have a third child named Techno Mechanicus.
China's property sector is in crisis, with an 87% drop in the value of developers' dollar bonds and 53 companies collapsing, indicating the broader challenges faced by the nation's real-estate industry.
Fast food workers in California will receive a nearly $5 per hour raise, bringing the minimum wage to $20 per hour starting April 1st next year under a deal reached between labor unions and the industry, avoiding a referendum on the 2024 ballot.
Microsoft's water usage has increased by 30% between 2021 and 2022, reaching a staggering 6,399,415 cubic meters, primarily due to the water-intense cooling needs of their AI supercomputers in data centers, raising concerns about the impact on local water supply and the need for conservation efforts.
Rolex has acquired Bucherer, one of the world's largest watch retailers, in order to preserve the success of Bucherer and maintain their long-standing partnership ties, while Bucherer's management team and brand distribution will remain unchanged.
United Airlines has agreed to pay a $30 million settlement to the family of a quadriplegic passenger who suffered severe brain damage during the deplaning process and fell into a coma, with allegations that the airline failed to provide expected care for disabled passengers.
Shopify has announced a deal that allows merchants on its platform to offer customers the option to purchase items using Amazon Prime perks, with analysts expecting increased merchant usage and other benefits for both companies.
FuelCell Energy reported a 41% decline in revenue for the third quarter of FY23, citing lower product revenues and a lack of module sales, while also announcing an improvement in EPS loss and an expansion of operating loss; the company's backlog decreased by about 17.2% and it extended its agreement with ExxonMobil Technology and Engineering Company.
The cybersecurity issue at MGM Resorts International, which caused disruptions for customers and affected online systems, is likely the result of a cyberattack according to cybersecurity experts.
The US has set a record for the most natural disasters costing $1bn or more in a single year, with 23 extreme weather events already surpassing the 2020 record, highlighting the impact of the climate crisis and the need for increased adaptation and resilience measures.
McDonald's USA is phasing out their self-serve beverage stations by 2032 in order to create a consistent experience for customers and employees across all ordering points.
China has halved stamp duty on securities transactions and lowered margin requirements for buying stocks in an effort to boost investor confidence in the country's capital market.
Kia is recalling nearly 320,000 vehicles, including Rio and Optima cars, because of a potential crack in the trunk latch base that could prevent the trunk from being opened from the inside.
Meta is developing an AI model aimed at competing with OpenAI's GPT-4, signaling an intensification of the AI arms race as Meta strives to catch up with its rivals.
The United Auto Workers and the "Big Three" U.S. automakers are negotiating a new labor contract, with the possibility of a strike looming and workers demanding a 20% raise and other benefits, which could potentially impact the Michigan economy and lead to costlier electric vehicles.
China's largest property developer, Country Garden, is on the brink of defaulting on its massive debts, reinforcing the deep slump in China's real estate market and potentially impacting the country's financial sector and global markets.
Turmeric, which contains the compound curcumin, may be a viable treatment option for indigestion, according to a study comparing its efficacy to a common medication used for heart and esophagus problems.
The U.S. Department of Justice has sued SpaceX, alleging that the company discriminated against refugees and asylum seekers in its hiring practices by wrongly claiming that export control laws limited its hiring to U.S. citizens and lawful permanent residents.
Two officials at the Federal Reserve have expressed differing views on whether or not the central bank should raise its benchmark interest rate again to combat inflation, highlighting the uncertainty surrounding future rate hikes, with more clarity expected from Federal Reserve Chair Jerome Powell's upcoming speech at a Fed conference in Jackson Hole.
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India's economy grew at its fastest rate in a year in the April-June quarter, driven by strong services activity and demand, but the dry monsoon season could limit future growth.
Chip designer Arm plans to complete its IPO this week, which will test investor interest in new issues, with other tech companies such as Instacart and Klaviyo also waiting to go public. The IPO is expected to value Arm at $50.2 billion to $54.5 billion, and it has garnered interest from tech giants Alphabet, AMD, Apple, and Nvidia. However, Arm is a mature, slow-growth company, and its success will be a key indicator for the broader IPO market.
The Powerball jackpot is currently estimated at $522 million ahead of Monday's drawing, with the odds of winning the top prize being about 1 in 292.2 million.
Nvidia, the leading maker of chips for artificial intelligence, has experienced significant growth in its data center business, leading analysts to believe that the AI boom is comparable to the internet boom of 1995 and the launch of Apple's iPhone in 2007; however, investors are now debating the company's valuation after its stock tripled in value this year.
Mitchell Gold + Bob Williams, a furniture company, is closing down.
Atlanta Federal Reserve Bank President Raphael Bostic argues against further U.S. interest rate hikes, stating that current monetary policy is already tight enough to bring inflation back down to 2% over a reasonable period and cautioning against the risk of tightening too much.