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Indian antitrust probe reveals Amazon and Walmart's Flipkart breached competition laws by favoring select sellers. Companies deny allegations as e-commerce market in India continues rapid growth.
Democratic lawmakers call on President Biden to end the "de minimis" trade provision, citing concerns over fentanyl trafficking and unfair competition. The move faces opposition from trade groups worried about consumer costs.
A controversy over legal fees from opioid settlements unfolds as the plaintiffs' committee moves to dismiss an appeal by two firms seeking a share of the $2. 1 billion fund, citing agreed-upon limitations on appeals.
Employees of major tech companies are donating heavily to Kamala Harris's campaign, while tech billionaires support Donald Trump. The divide highlights contrasting priorities in Silicon Valley.
Delaware's upcoming primaries feature contested races for governor and other key positions, reflecting significant political shifts. Democratic dominance and departures of prominent officials set the stage for a transformative election.
U. S. safety commission alerts consumers about dangerous magnetic game sold online. Product poses serious ingestion risks, especially for children. Immediate disposal recommended.
Kroger and Albertsons' proposed $24. 6 billion merger faces legal challenges from the FTC and several states. The outcome could significantly impact grocery prices, store availability, and working conditions for millions of Americans.
Walmart recalls nearly 10,000 cases of Great Value apple juice due to elevated inorganic arsenic levels. FDA upgrades recall urgency but states serious health risks unlikely.
RF Buche's struggle to keep prices competitive at his Pine Ridge Reservation supermarket highlights the broader challenges faced by independent grocers in rural America, amidst market consolidation and rising food costs.
Democratic lawmakers increasingly accept donations from food companies they criticize for high prices. The trend raises questions about political integrity as food costs remain a top voter concern.
India's commerce minister accuses Amazon and other e-commerce firms of predatory pricing, raising concerns about the sector's impact on traditional retail. The criticism comes amid ongoing regulatory scrutiny.
A federal judge has dismissed remaining lawsuits against Kenvue and retailers over claims that Tylenol causes ADHD in children of pregnant users, citing insufficient scientific evidence and expert testimony.
Alimentation Couche-Tard makes preliminary offer for Seven & i Holdings, sparking market excitement. The potential deal could be the largest foreign acquisition of a Japanese company, testing Tokyo's commitment to shareholder value.
July saw a surprising 1% rise in U. S. retail sales, the largest in two years, easing recession fears. However, financial strain on lower-income households and mixed corporate outlooks paint a complex economic picture.
US retail sales jumped 1% in July, the largest increase since January 2023, easing concerns about economic weakness. Strong sales in auto, electronics, and grocery sectors signal consumer resilience despite inflation pressures.
Home Depot predicts 3-4% sales decline in 2024 due to economic uncertainty and high interest rates. Consumer spending shifts from home improvements to services, reflecting broader economic concerns.
Despite recent market volatility, the US economy shows resilience, driven by robust consumer spending. Economists highlight a divide between affluent consumers and those facing financial challenges.