By Natalie DeCoste Customers received a shock when FedEx announced that it would be suspending some of its freight services. Shipping giant FedEx informed customers that it would suspend roughly 1,400 customers from its freight shipping service earlier this month. The move was made to ease congested delivery networks that are overtaxed by endless package volume. With [...]
By Natalie DeCoste Apple has released a new report fighting to retain control over its lucrative App Store as political pressure mounts in Congress against Big Tech companies. Apple's new 16-page report entitled "Building a Trusted Ecosystem for Millions of Apps" outlines the company's existing security process and how impending regulations could impact the security [...]
By Natalie DeCoste OPEC is considering increasing the group’s oil output as the world begins to return to normal after the coronavirus pandemic. The Saudi Arabian-led Organization of the Petroleum Exporting Countries, which controls about 50% of the global oil supplies, and its Russia-led allies are considering a modest boost to oil productions, increasing by roughly 500,000 [...]
By Natalie Decoste The battle between legendary filmmaker Steven Spielberg and Netflix has ended as Spielberg embarks on a new partnership with the streaming giant. Steven Spielberg’s production company, Amblin Partners, which is led by the legendary director and produces film and TV, announced a partnership with the streaming company on Monday that will include multiple new feature [...]
By Natalie DeCoste People struggling to pay their mortgage after the economic downturn brought on by the pandemic are set to get a little help from the Consumer Financial Protection Bureau (CFPB) as the agency prepares to implement a new mortgage forbearance rule. In the coming weeks, the CFPB will adopt a rule that requires [...]
By Natalie DeCoste Under direction from new chairman Gary Gensler, the Securities and Exchange Commission (SEC) is preparing to change its approach to the disclosers required from companies about how they respond to threats linked to climate change. U.S. investor groups pressured the SEC and Gensler to change the SEC’s approach to environmental responsibility and [...]
By Natalie DeCoste One of the five new antitrust bills introduced by the U.S. House Subcommittee on Antitrust, Commercial, and Administrative Law has gained the support of 52 attorneys general. Last week five new bipartisan antitrust bills were introduced in the House, all with the goal of making it easier to take on Big Tech companies like Amazon, Apple, Facebook, [...]
By Natalie DeCoste The impact of rising prices for various consumer goods is pushing up the expected Social Security cost-of-living adjustment. According to calculations by The Senior Citizens League, a non-partisan senior group that bases its estimates on Consumer Price Index data from the Bureau of Labor Statistics, the latest estimate for next year’s Social Security [...]
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