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The Department of Justice is cracking down on executive insider trading, with the former CEO of a healthcare company the latest to be convicted under a new agency initiative. Insider Trading Case The former CEO of publicly traded healthcare company Ontrak was convicted of insider trading by a federal jury in Los Angeles on Friday. … Read more
After seven years of legal disputes, sports apparel brand Under Armour has proposed a large settlement to a case brought against them by shareholders. Under Armour Settlement US sportswear company Under Armour has agreed to pay a staggering $434 million to settle a class action lawsuit against the company, according to an announcement on Friday. … Read more
Tech giant Apple may be facing another round of legal issues in Europe after an EU commissioner referred to “very serious” issues with non-compliance in the company. EU Not Happy With Apple Officials of the European Union are still unhappy with Apple’s business practices, following two years of legal conflict between the continental bloc and … Read more
The world’s biggest e-commerce company landed in hot water after a recent investigation of two Amazon warehouses in California. Million-Dollar Fine Amazon was fined $5.9 million due to alleged labor law violations at two warehouses in California, according to a statement from the state’s Labor Commissioner’s Office on Tuesday. Two Amazon Warehouses Investigated During an … Read more
We know an enormous transfer of wealth is on the horizon – but one group will be the first to reap the rewards of that transfer. The Great Wealth Transfer For the last year, the media has touted the concept of a “Great Wealth Transfer” that will see trillions of dollars passed down from the … Read more
Consumers are making the switch from formerly affordable fast food franchises to sit-in casual dining, according to the CEO of Olive Garden’s parent company. Is It Over for Fast Food? The fast food industry has taken a battering in the last year, as inflation-weary customers express dismay over soaring prices at iconic franchises like McDonald’s, … Read more
One of the pioneering figures of artificial intelligence technology has warned the UK government, and governments around the world, to introduce a UBI to combat the effects of AI. Godfather of AI Professor Geoffrey Hinton, a man who is widely regarded as the ‘godfather of artificial intelligence’ due to his prominent role in its early … Read more
Americans are borrowing more than they can repay, shining a light on how inflation and interest rates are affecting borrowers across the country. Maxing Out A growing number of Americans are maxing out their credit cards, with nearly a fifth of borrowers using most of their available credit, according to a new report by the … Read more
The world’s biggest streaming service is moving into malls, bringing everyone’s favorite online series to life. But is it right move for the “king in streaming?” Netflix Moves to Malls Streaming giant Netflix is exploring new business horizons with the announcement of two ‘experiential’ entertainment venues that will bring several of their world-famous streaming series … Read more
A whistleblower report alleging serious compliance violations in Adidas’ China offices has led to an investigation by one of the world’s biggest athletic apparel brands. Adidas is Investigating German athletic apparel and footwear company Adidas has launched an investigation after a whistleblower complained about “compliance violations” among company executives in China. Going Public in China … Read more