Nuvei to Pay $4.85 Million in FTC Settlement Over Fraudulent Merchant Accounts
The FTC charged Nuvei with facilitating payments for deceptive merchants and required the company to adopt stronger screening measures to curb merchant fraud
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Experts Say U.S. Mortgage Rates May Rise Above 7% Soon
Mortgage rates have climbed to 6.71%, nearing 7%, driven by bond market turmoil and inflation concerns, with economists forecasting further increases
U.S. Adds 162,000 Jobs in August, Doubling Forecasts
U.S. employers added 162,000 jobs in August, significantly surpassing forecasts amid steady unemployment and subdued wage growth, impacting Federal Reserve rate decisions
Uber Cuts 10% of Workforce to Streamline Operations and Cut Costs
Uber plans to cut about 3,400 jobs globally as it restructures to boost efficiency and focus on driver support and autonomous technology development
Modest 2027 Pay Raises May Leave Many Workers Behind Inflation
Employers plan average salary increases of 3.5% in 2027, potentially falling short of inflation and affecting wage growth across sectors unevenly
Walter Torous to Lead MIT Center for Real Estate Starting July 2026
Walter Torous will become executive director of MIT's Center for Real Estate starting July 2026, leading academic programs and industry engagement in real estate…
FTC and 22 States Sue Amazon Over Hidden Ad Price Inflation
The FTC and 22 states accuse Amazon of secretly inflating ad auction prices for over seven years, potentially costing advertisers and consumers billions of…
Ernst & Young to Award $100 Million Bonuses for Human Skills
Ernst & Young commits $100 million in bonuses to employees demonstrating leadership, judgment, and collaboration amid AI-driven industry changes
Callaway Golf CEO Apologizes for Controversial Ad Featuring Violence
Callaway Golf CEO Chip Brewer apologizes for approving an ad depicting a male golfer shoving a female golfer, sparking consumer backlash and calls for…
Nearly One in Four U.S. Workers Are Functionally Unemployed, Analysis Shows
A new economic analysis finds that 24.9% of U.S. workers are functionally unemployed, including those earning poverty-level wages or involuntarily working part-time