Business

US Retail Sales Post Best Month Since July

U.S. consumers opened their wallets at the start of the holiday shopping season as retail sales posted their best month since July.

Investors Scoop Up 40 Percent of Vacant Lots Sold After Los Angeles Fires: Report

Nearly a year after January’s devastating California wildfires, real estate investors have purchased almost 40% of land sold in fire-hit areas.
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Major Retailers Charging Shoppers Return Fees of up to $45 for Unwanted Gifts

Nearly three out of four retailers will make customers pay a restocking or return fee that can be as high as $45 if they ship their product back.

Amazon Blocks More Than 1,800 Phony Job Applications From North Korean Cyber Operatives

Amazon blocked 1,800 North Korean nationals in 20 months from landing remote IT jobs used to funnel money into the regime’s weapons programs.

Paramount Updates Warner Bros. Offer, Affirms Ellison Family Backing

Paramount Skydance amended its offer to buy Warner Bros. Discovery on Dec. 22, guaranteeing backing from Oracle billionaire Larry Ellison.

Musk Becomes First Person Worth $700 Billion After Court Restores Tesla Pay Package

Musk became the first person in history to amass a net worth exceeding $700 billion after a Delaware court reinstated a massive Tesla compensation package.

Musk’s Starlink Says It Lost Communication With One of Its Satellites

Musk’s satellite and internet provider Starlink lost contact with one of its satellites and will work with NASA to monitor the objects it released.

Trump Media to Merge With Nuclear Fusion Company TAE in $6 Billion Deal

Trump’s media company, TMTG, signed an agreement to merge with nuclear fusion firm TAE Technologies in an all-stock transaction valued at $6 billion+.