The Federal Trade Commission (FTC) announced on Friday that it has filed a lawsuit against PepsiCo, accusing the food and beverage giant of engaging in illegal price discrimination. The agency alleges that PepsiCo offered preferential pricing to an unnamed retailer at the expense of its competitors. The FTC’s lawsuit claims that PepsiCo violated the Robinson-Patman…

Sales of all-electric and hybrid vehicles reached a significant milestone last year, accounting for 20% of all new car and truck sales in the U.S. This achievement marks a turning point for “green” vehicles, even though the adoption rate has progressed more slowly than many had initially predicted. According to auto data firm Motor Intelligence,…

According to a report released Thursday by AARP, most Medicare patients who reach the newly implemented $2,000 cap on out-of-pocket prescription drug spending could experience significant savings, even with changes in premiums. The cap, which took effect at the beginning of this year, is expected to provide substantial relief to older adults enrolled in Medicare…

Spirit Airlines is cutting approximately 200 jobs across its organization as the financially troubled budget carrier works to reduce expenses following its Chapter 11 bankruptcy filing in November. “These decisions were not made lightly, as we know they impact professional and personal lives,” wrote CEO Ted Christie. “As you all know, we’re facing significant challenges…

The Federal Trade Commission (FTC) has filed a lawsuit against agricultural equipment manufacturer Deere & Company, alleging that the company holds a monopoly over repair services, resulting in higher costs and delays for farmers, the agency announced on Wednesday. According to the lawsuit, Deere has restricted customers’ ability to repair their equipment, such as tractors…

Blue Origin launched its massive New Glenn rocket for the first time on Thursday, marking a pivotal milestone for Jeff Bezos’ space exploration company. In the early hours in Florida, New Glenn roared to life, ascending off the launch pad and reaching space, ultimately achieving orbit as part of its long-awaited debut mission. While the…

JPMorgan Chase reported record-breaking quarterly and annual earnings and revenue on Wednesday, cementing its position as the largest and most profitable bank in U.S. history. The bank revealed a 50% surge in profit, reaching $14 billion for the fourth quarter. This growth was driven by a 7% reduction in noninterest expenses compared to the previous…

Goldman Sachs reported fourth-quarter earnings on Wednesday that exceeded expectations, driven by robust trading revenue and strong performance across key divisions. The bank announced that profit nearly doubled compared to the previous year, reaching $4.11 billion, or $11.95 per share, as revenue growth coincided with a reduction in expenses. Total revenue rose 23% to $13.87…

Texas-based rocket and spacecraft manufacturer Firefly Aerospace is making its way to the Moon. Firefly’s “Blue Ghost” cargo lander launched early Wednesday morning aboard SpaceX’s Falcon 9 rocket from Florida, beginning its 45-day journey to the lunar surface. This marks Firefly’s inaugural moon mission as the company seeks to establish itself in the growing NASA-led…

The Consumer Financial Protection Bureau (CFPB) announced on Tuesday that it is suing Capital One for allegedly misleading consumers about the interest rates on their savings accounts and “cheating” them out of more than $2 billion in earned interest. In a statement, the CFPB accused Capital One of deceiving customers who held its “360 Savings”…