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JPMorgan Chase wants out of paying $115M legal tab for convicted fraudsters

NEW YORK (AP) — For nearly three years, JPMorgan Chase has picking up the legal tab of Charlie Javice and Olivier Amar, the two convicted fraudsters who sold their financial aid startup Frank to the bank. But the two have racked up an astronomical, nine-figure ...
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Scope downgrades US credit rating on public finance, governance deterioration; revises outlook to ‘stable’

(Reuters) -European rating agency Scope downgraded the United States’ credit rating by a notch on Friday, citing sustained deterioration in public finances and a weakening of governance standards. Scope cut the U.S. local and foreign currency long-term issuer and senior unsecured debt ratings to ...
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Netflix shuts down game studio behind ‘Squid Game: Unleashed’

(Reuters) -Netflix has shut down the studio behind its mobile game “Squid Game: Unleashed”, amid a shift in strategy for its video gaming unit. The studio’s closure was confirmed by its co-founder and former CEO, David Rippy, in a LinkedIn post on Thursday. “Rough news, ...
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Trump reverses Biden-era rules on copper smelters

By Jarrett Renshaw and Ernest Scheyder WASHINGTON (Reuters) -U.S. President Donald Trump on Friday reversed a Biden-era air pollution rule that had imposed stricter limits on emissions from copper smelters. The copper rule, finalized in May 2024, had required smelters to curb pollutants including lead, arsenic, ...
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2,000 mink released from Iowa farm in what trade group calls ‘terrorist act’

One or more intruders broke into an Iowa mink farm and released 2,000 of the furbearing animals in what a trade group called a “terrorist act” under federal law. Sometime between Monday night and Tuesday morning, fencing was cut and pens and nest boxes were ...
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Another airline comfort comes at a cost – reclining seats

By Allison Lampert and Doyinsola Oladipo (Reuters) -Reclining seats are the latest airline perk to come at a cost – and it is irritating both passengers and staff. Calgary-based WestJet on Wednesday started flying the first of 43 newly configured planes whose standard economy seats come ...
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US starts investigating China’s compliance with 2020 trade deal as Trump heads to Asia

WASHINGTON (AP) — U.S. officials are launching an investigation into whether China lived up to its commitments under a 2020 trade pact that President Donald Trump described at the time as “an incredible breakthrough.’’ The announcement Friday by U.S. Trade Representative Jamieson Greer came the ...
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US coffee prices spike due to tariffs and poor weather

It’s getting more expensive for Americans to get their caffeine fix. The average U.S. price of a pound of ground coffee hit $9.14 in September, a 3% increase from the August average of $8.87 and 41% higher than in September 2024, according to U.S. government ...
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U.S. natural gas sector deals surge in 2025 on AI, LNG demand from Asia

By Tanay Dhumal (Reuters) -U.S. natural gas dealmaking has surged in 2025 and is set to accelerate, analysts say, driven by record power demand from AI data centers, rising LNG exports and renewed Asian investment. The United States is poised to see a record surge in ...
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Aeromexico asks US court to block Trump order forcing end to Delta joint venture

WASHINGTON (Reuters) -Aeromexico on Friday asked the 11th Circuit Court of Appeals to halt a Trump administration order forcing it to unwind a joint venture with Delta Air Lines by January 1 that lets the carriers coordinate scheduling, pricing and capacity decisions for U.S.–Mexico ...
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Trump chooses Michael Selig for CFTC chair, Bloomberg News reports

(Reuters) -U.S. President Donald Trump has picked Michael Selig as the Commodity Futures Trading Commission chair, Bloomberg News reported on Friday, citing an administration official. Selig is chief counsel for the CFTC’s crypto task force and has been working alongside Securities and Exchange Commission ...
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Trump’s trade war with Canada: a timeline of how we got here

NEW YORK (AP) — President Donald Trump’s barrage of tariffs has quickly strained the United States’ longstanding relationship with Canada over the last year. Since taking office in January, Trump has threatened Canada’s economy and sovereignty with steep import taxes on its goods. He’s even ...
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