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Economy

43 posts
  • Economy

Walmart to pay $10 million to settle lawsuit over money transfer fraud

  • June 23, 2025
  • Be On Top Invests
Walmart has agreed to pay $10 million to settle a Federal Trade Commission civil lawsuit accusing the world’s largest retailer of ignoring warning signs that fraudsters used its money transfer…
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  • Economy

Tesla agrees to first deal to build China’s largest grid-scale battery power plant

  • June 21, 2025
  • Be On Top Invests
Tesla has inked its first deal to build a grid-scale battery power plant in China amid a strained trading relationship between Beijing and Washington. The U.S. company posted on the…
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  • Economy

Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

  • June 20, 2025
  • Be On Top Invests
Crude oil futures rose more than 1% on Thursday, after Prime Minister Benjamin Netanyahu ordered Israel’s military to intensify attacks against Iran. U.S. crude oil was last up $1.36, or…
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  • Economy

Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

  • June 20, 2025
  • Be On Top Invests
Apple has plans to make a folding iPhone starting next year, reliable analyst Ming-Chi Kuo said on Wednesday. Kuo said Apple’s folding phone could have a display made by Samsung…
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  • Economy

Nike pushes back Skims launch with Kim Kardashian due to production delays

  • June 19, 2025
  • Be On Top Invests
Kim Kardashian fans are going to have to wait a little longer for the highly anticipated NikeSKIMS line. The activewear line will launch later this year instead of in the…
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  • Economy

DOJ seizes record $225 million in crypto tied to global ‘pig butchering’ scams

  • June 19, 2025
  • Be On Top Invests
The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called “pig butchering” scams that have cost victims billions globally. Federal prosecutors filed a civil forfeiture action…
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  • Economy

Amazon expects to cut corporate jobs as it relies more on AI

  • June 18, 2025
  • Be On Top Invests
Amazon CEO Andy Jassy said Tuesday that the company expects artificial intelligence ‘will reduce our total corporate workforce as we get efficiency gains’ over time. ‘We will need fewer people…
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  • Economy

Streaming overtakes cable and broadcast as the most-watched form of TV

  • June 18, 2025
  • Be On Top Invests
A new king reigns in TV land. Streaming has officially surpassed broadcast and cable as a share of total television viewing, according to Nielsen data. In May, streaming accounted for…
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  • Economy

Kraft Heinz to remove artificial dyes from U.S. products by end of 2027

  • June 17, 2025
  • Be On Top Invests
Kraft Heinz said Tuesday that it will remove FD&C artificial dyes from its products by the end of 2027, and will not launch any new products in the U.S. containing…
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  • Economy

Trump-branded wireless service launches — with a gold phone

  • June 17, 2025
  • Be On Top Invests
President Donald Trump’s business organization has announced the creation of a new wireless phone service that will carry the president’s name. Trump Mobile, as the service will be known, will…
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