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Several of the largest meat processors in the US have agreed to pay $87.5 million to settle claims that they schemed to inflate beef prices through unlawful coordination.
Tyson Foods, Inc. and Tyson Fresh Meats, Inc. will contribute $55 million, while Cargill, Inc. and Cargill Meat Solutions Corporation will pay $32.5 million, bringing the total settlement amount to $87.5 million.
The payments...
A highly successful and closely watched billionaire is making major changes to his hedge fund’s portfolio.
A new SEC filing shows the founder and president of Appaloosa Management, David Tepper, just sold UnitedHealth (UNH), Intel (INTC), Alibaba (BABA), Vistra (VST) and Micron (MU).
Tepper slashed UNH by 92%, exited INTC entirely, trimmed BABA by 9%, cut VST by 31% and reduced MU by 39% in Q3...
An elderly Wells Fargo customer says the bank has done nothing to rectify the theft of more than $10,000 from her checking account.
Dallas resident Billie Young says she wrote two checks in August 2024 to pay off her car loan and her electric bill, reports the Houston-based outlet KHOU 11.
The 83-year-old says she called Wells Fargo on September 6th after receiving a cutoff notice from the...
Retail giant Target has agreed to pay millions of dollars to settle a class action lawsuit.
The settlement will send automatic payments to approximately 13,700 people who have worked at the company’s distribution centers.
The payments will be sent to current and former employees who worked at distribution centers in New Jersey beginning on August 6th, 2019.
The lawsuit accused the company of...
Apple chief executive Tim Cook is piling cash into shares of a popular athletic firm that has seen its stock price plummet more than 60% over the last four years.
A new filing with the Securities and Exchange Commission (SEC) shows Cook acquired 50,000 shares of Nike’s (NKE) Class B common stock at $58.97 last month.
With the recent $2.94 million purchase, Cook owns 105,480 NKE shares worth...
Bitwise Asset Management just filed registration statements with the U.S. Securities and Exchange Commission for 11 new cryptocurrency strategy exchange-traded funds (ETFs).
The filings would trade on NYSE Arca if approved, expanding regulated access to major altcoins.
The proposed funds include individual strategy ETFs tracking Aave (AAVE), Zcash (ZEC), Sui (SUI), Uniswap (UNI), Starknet (STRK...
Coinbase Institutional is signaling a significant shift in how mainstream retail traders might access financial markets by positioning stock perpetual futures (perps) as the next major trading vehicle.
In a post on X, David Duong, Coinbase Institutional’s global head of investment research, says that perps have evolved past simply being “isolated, high-leverage trading vehicles and are becoming...
Bank of America chairman and CEO Brian Moynihan says America’s economic prospects are strong, although there are risks to watch out for.
In a new CBS News interview, Moynihan says as long as the employment levels remain high and workers continue to enjoy wage growth, the outlook for the US economy will remain positive.
“If the companies of America employ people and pay them a little bit more,...
A US healthcare firm has agreed to pay out millions of dollars to settle a class action lawsuit filed over a data breach that occurred in February of 2024.
According to the settlement administrator’s portal, Consulting Radiologists will pay out $2.2 million to settle the lawsuit that accused the healthcare firm of failing to secure and safeguard the protected health information and personally...
Russia’s largest bank, Sberbank, has issued the country’s first corporate loan backed by cryptocurrency, extending financing to one of the nation’s biggest Bitcoin mining firms, Intelion Data.
In a pilot deal, Intelion pledged digital assets it mined as collateral, marking a significant moment in the integration of digital coins into traditional banking practices in Russia.
Sberbank did not...