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The post-penny economy: How cash rounding and credit card surcharges are changing what you pay
The end of penny production and rising credit card fees are reshaping payment practices, with merchants increasingly rounding cash transactions and imposing credit card surcharges.
Child trust fund firms face review over efforts to find who owns £1.5bn worth of pots
UK financial regulators are reviewing child trust fund providers to ensure they’re making adequate efforts to reunite young adults with £1.5bn in unclaimed accounts.
TORM’s (TRMD) Record Quarter Rides A Fragile Geopolitical Wave
TORM reported record second-quarter earnings of $338 million, driven primarily by geopolitical disruptions around the Strait of Hormuz that rerouted tanker traffic and increased shipping rates.
UP Fintech’s (TIGR) Record Quarter Comes With A Bigger Bill
UP Fintech reported record quarterly revenue of $182.3 million and swung to $39.4 million in net income, driven by strong growth in Singapore and Hong Kong markets.
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FTC lawsuit alleges Amazon has been ‘secretly and systematically’ overcharging for ads
The FTC and 22 state attorneys general are suing Amazon for allegedly manipulating ad auctions through a secret surcharge since 2019, claiming the practice extracted over $20 billion from advertisers.
TP-Link’s first Wi-Fi 8 router is almost here
TP-Link unveiled its first Wi-Fi 8 router and mesh system at IFA 2026, with preorders beginning in late September and broader availability planned for early 2027.
After 10 years at United, CEO Scott Kirby is thinking big about the future of his airline from JFK to AI
United Airlines CEO Scott Kirby, who joined the carrier a decade ago after being fired from American Airlines, is pursuing expansion plans at JFK and internationally while having floated unsuccessful megamerger proposals.
California AG Rob Bonta cancels Paramount settlement meeting, citing ‘lack of good faith’
California Attorney General Rob Bonta canceled a settlement meeting with Paramount Skydance, accusing the company of breaching confidentiality and misrepresenting discussions about its planned merger with Warner Bros. Discovery.
Main Street Sports sues Comcast, Charter for underpaid licensing fees
Main Street Sports, the defunct regional sports network operator, is suing Comcast and Charter Communications for allegedly underpaying licensing fees during the first half of 2026.
Investor competition for commercial real estate sees strongest growth in a year
Investor competition in commercial real estate reached its strongest growth in a year, driven by rising liquidity from multiple financing sources despite elevated borrowing costs.
How Taylor Farms became integral to America’s food supply system
A cyclospora outbreak linked to Taylor Farms has intensified scrutiny of the company’s dominant role in America’s fresh produce supply chain, affecting major retailers and restaurant chains nationwide.
UK asks banks for feelgood stories about keeping out dirty money
The UK government is requesting banks and legal firms to provide examples of successfully blocking illicit funds, ahead of a major international financial crime assessment later this year.
Anthropic sued over alleged theft of ‘tens of thousands’ of songs
Sony Music Publishing and Warner Chappell sued Anthropic, alleging the AI company unlawfully used tens of thousands of copyrighted songs without payment to train its Claude chatbot models.
Kalshi bans former congressman George Santos for life after State of the Union trades
Kalshi has permanently banned former congressman George Santos after finding he misled the public about attending President Trump’s State of the Union to profit from betting markets, imposing a $71,356 fine.
Amazon rigged $20bn worth of ads, US FTC lawsuit alleges
The US FTC and 22 states sued Amazon for allegedly manipulating ad auctions to overcharge advertisers by approximately $20 billion since 2019, harming both customers and advertisers.
Uniqlo, Muji: Japan Inc is betting big on India as China risks deepen
Japan’s largest companies are rapidly expanding in India across retail, finance, and technology sectors, with $12.5bn in new investments announced recently as China risks deepen.