The Amazon Prime logo is displayed on the side of an Amazon delivery truck in Richmond, California, on June 21, 2023.Justin Sullivan | Getty ImagesAmazon will pay $2.5 billion to settle Federal Trade Commission allegations that it duped users into paying for Prime memberships, the regulatory agency announced Thursday.The surprise settlement comes as Amazon and the FTC were just three days into the trial in a Seattle federal court. Opening arguments took place on Tuesday. The lawsuit, filed by the FTC in June 2023 under the Biden administration, claimed that Amazon deceived tens of millions of customers into signing up…
Author: usaeverydaylife
“Growth at a reasonable price”, or “GARP”, is an investment strategy that looks to identify growing companies that are not trading at irrationally exuberant valuations. One of the most commonly used financial ratios is the “PEG Ratio”, which divides a company’s P/E ratio by its earnings growth rate (although the convention is that the growth rate is not expressed as a percentage, for simplicity, one must assume it is). For example, if a $100 stock has earnings of $6 per share, then its P/E ratio is $ 100 divided by $6, or ~16.7. If the company’s earnings are forecast to…
New England Patriots owner Robert Kraft speaks to media at Gillette Stadium to announce the team’s hiring of head coach Jerod Mayo.Eric Canha | USAToday | ReutersRobert Kraft, who paid $172 million for the New England Patriots in 1994, has agreed to sell 8% of the NFL team to two groups in a deal that values the franchise at $9 billion, according to two sources who have first-hand knowledge of the deal but are not authorized to speak about it publicly.The money the team will get from selling the 8% stake is going to stay on the Patriots’ balance sheet,…
Lisa Cook takes the oath of office to serve as a member of the Board of Governors at the Federal Reserve System during a ceremony at the William McChesney Martin Jr. Building of the Federal Reserve May 23, 2022 in Washington, DC. Drew Angerer | Getty ImagesEvery living former chair of the Federal Reserve, as well as a slew of ex-Treasury secretaries and former White House economic advisors, urged the Supreme Court on Thursday to block President Donald Trump from firing Fed Governor Lisa Cook as her lawsuit challenging her removal proceeds.The signers said in a legal brief, “The independence…
Michael Intrator, co-founder and chief executive officer of CoreWeave Inc., during an interview on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, Sept. 22, 2025. Michael Nagle | Bloomberg | Getty ImagesCoreWeave on Thursday announced a $6.5 billion deal with OpenAI, expanding its current agreement with the artificial intelligence startup behind ChatGPT. The new agreement brings the AI cloud infrastructure provider’s total contracts with OpenAI to $22.5 billion. “This milestone affirms the trust that world-leading innovators have in CoreWeave’s ability to power the most demanding inference and training workloads at an unmatched pace,” CoreWeave…
A growing number of voices have warned about the impact that a “run” on stablecoins could have on traditional financial markets.Just_super | Istock | Getty ImagesPlans by a consortium of European banks to launch a new stablecoin could draw the region’s crypto-averse investors into the digital assets fold — and potentially speed up efforts to roll out a digital version of the euro.UniCredit, ING, Banca Sella, KBC, Danske Bank, Dekabank, SEB, CaixaBank and Raiffeisen said Thursday they plan to roll out a new euro-denominated stablecoin in the second half of next year.Stablecoins are a type of cryptocurrency designed to provide…
A sign is posted in front of a CarMax dealership on April 10, 2025 in Santa Rosa, California. Justin Sullivan | Getty Images News | Getty ImagesDETROIT — Shares of CarMax were down by more than 20% in early trading Thursday after the used auto retailer missed Wall Street’s quarterly earnings and revenue expectations.CarMax shares were trading early Thursday under $45 — the stock’s lowest price since March 2020, when the coronavirus pandemic closed down U.S. auto production and many retailers. The stock is down around 46% this year, with a less than $6.7 billion market cap. The company’s results included earnings…
It was sunny days for Oracle earlier this month after the company issued a massive cloud revenue growth forecast. Now, investors are getting worried. Oracle shares have fallen for two straight days on worries that the artificial intelligence trade may be running out of steam. Sky-high valuations and potentially risky circular relationships in the industry have also raised flags for investors. The stock has fallen 6% over the past two sessions, putting it in correction territory — down 10% from an all-time high reached Sept. 10. Shares were down again on Thursday. To be sure, this could just be a…
A sold sign is posted in front of a home for sale on Aug. 27, 2025 in San Francisco, California.Justin Sullivan | Getty ImagesSales of previously owned homes were essentially flat in August, coming in 4 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. That is a 0.2% drop from July and an increase of 1.8% from August of last year. Sales were strongest in the Midwest and weakest in the Northeast.This count is based on closings, so people signing their deals in June and July, when mortgage rates were about 50 basis…
A Breeze Airways airplane on the tarmac at Tampa International Airport in Tampa, Florida, on May 27, 2021.Matt May | Bloomberg | Getty ImagesU.S. startup airline Breeze Airways is planning to fly internationally for the first time early next year, aiming to win over sun-seeking travelers as the carrier enters its fifth year of flying.The airline’s host of seasonal service kicks off on Jan. 10 with a Saturday-only route between Norfolk, Virginia, and Cancun, Mexico, followed by roundtrips between Charleston, South Carolina, and Cancun on Jan. 17, also only on Saturdays.Other routes include Saturday service to Cancun starting from New…
