The Justice Department’s endeavor to break up Live Nation, Ticketmaster’s parent company, has officially made its way to the courtroom. The antitrust case, which began with jury selection Monday, is unfolding in federal court in…
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Business
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Business
L.A. County sues Roblox, alleges platform makes it easy for adults to target children
by adminLos Angeles County filed a civil lawsuit against Roblox, alleging that the platform markets itself as a gaming experience for children but has created a ‘largely unsupervised online world’ that allows adults to mingle with…
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Business
CFTC chief sides with prediction markets over state regulators in a high-stakes court case
by adminThe Commodity Futures Trading Commission (CFTC) is stepping in to stop what it calls an “onslaught” of state-level regulation of prediction markets. CFTC Chairman Michael Selig said Tuesday in a video posted on X that…
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The head of the Justice Department’s antitrust unit said Thursday she is leaving the role, effective immediately, at a critical moment for corporate mergers in America. Gail Slater, the assistant attorney general in charge of…
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Business
Cardi B’s cameo in Bad Bunny’s Super Bowl halftime show leads to dispute on prediction markets
by adminCHICAGO — Cardi B was part of Bad Bunny’s Super Bowl halftime show. What she did exactly, well, that turned into a perplexing question for two major prediction markets. At least one Kalshi trader filed…
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The operator of roughly 180 Eddie Bauer stores across the U.S. and Canada has filed for Chapter 11 bankruptcy protection, blaming declining sales and a litany of other industry headwinds. The bankruptcy filing marks the…
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Business
Landmark trial accusing social media companies of addicting children to their platforms begins
by adminLOS ANGELES — The world’s biggest social media companies face several landmark trials this year that seek to hold them responsible for harms to children who use their platforms. Opening statements for the first, in…
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The U.S. Equal Employment Opportunity Commission said Wednesday that it is investigating Nike for allegedly discriminating against white workers. The agency that polices discrimination in the workplace filed an action in federal court in Missouri…
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SpaceX on Monday acquired xAI, the artificial intelligence startup that also owns the X social media platform, in a deal combining two companies owned by Elon Musk. Musk in a news release said that the…
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Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm. ‘The reductions we are making today will impact approximately 16,000 roles across Amazon,…