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Business

Amazon Makes Another Effort to Slice Into $1 Trillion Grocery Industry–What to Know

Business The Epoch Times -
Amazon is expanding its same-day grocery shipping in another bid to capture a bigger piece of the $1 trillion grocery market.

Musk Companies Sue Apple and OpenAI, Allege Monopolistic Practices

Business The Epoch Times -
Musk’s AI xAI and X Corp. sued Apple and ChatGPT maker OpenAI, alleging monopolistic practices and illegal conspiracy to control AI in smartphone devices.
MAGA Business MAGA Business

From Voting Rights to Legal Issues: Five Things You Need to Know About Trump’s Intel Deal

Business The Epoch Times -
Agreement between the Trump admin and Intel Corp gave the federal govt a 10% ownership stake sparked a rally in shares but drew fire from conservatives.

US Government Takes 10 Percent Stake in Intel

Business The Epoch Times -
The White House had been seeking an equity stake in the company in exchange for the almost $11 billion in grants from the CHIPS and Science Act.

5 Takeaways From Fed Chair Powell’s Final Jackson Hole Speech

Business The Epoch Times -
Federal Reserve Chair Jerome Powell presented his final keynote address at the central bank’s annual Jackson Hole summit on Aug. 22.

FTC Sues Gym Chain for Making It ‘Exceedingly Difficult’ to Cancel Memberships

Business The Epoch Times -
FTC filed a lawsuit against operators of LA Fitness and other gyms over allegations they make it “exceedingly difficult” to cancel memberships.

Best Buy Jumps on Digital Marketplace Bandwagon—Doubling Its Online Products

Business The Epoch Times -
Best Buy will launch its new digital marketplace, BestBuy.com, which will more than double the current number of products available online.

Home Depot Says to Expect ‘Modest’ Price Hikes Due to Tariffs

Business The Epoch Times -
Some prices at Home Depot will rise due to tariff-related costs, describing increases as “modest” and affecting limited number of product categories.
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Transportation Secretary Terminates Wind Projects Worth $679 Million

Transportation Secretary Sean Duffy withdrew or terminated 12 offshore wind projects across the country that are worth $679 million in funding.

Chicago Mayor Signs Order to Block Possible Troop Deployment

Chicago Mayor Brandon Johnson signs executive order for “immediate, drastic action” amid concerns over possible Trump admin military deployment.

Lawsuit Blames ChatGPT for California Teen’s Death

The parents of a California teenager who died by suicide have sued ChatGPT-maker OpenAI, alleging the AI chatbot played a direct role in their son’s death.

Appeals Court Rules Most of Trump’s Tariffs Are Illegal

The judges let the import taxes stay in place...

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