Capital One CEO Fined for Antitrust Violations
The FTC says Richard Fairbank failed to comply with requirements of the Hart-Scott-Rodino Act when he acquired Capital One shares in 2018.
BitConnect Charged With $2B Crypto Fraud
The crypto exchange platform allegedly misrepresented to investors that it would deploy their funds to trade bitcoin using a proprietary bot.
Most U.S. Employers to Require COVID-19 Vaccination
A Willis Towers Watson survey finds that 52% of companies plan to require employees to be vaccinated by year end.
Progressives Urge Biden to Replace Fed Chief
A group including Rep. Alexandria Ocasio-Cortez says the Fed needs to be focused on "eliminating climate risk and advancing racial and economic justice."
Ida’s Economic Toll Seen as Relatively Modest
Analysts estimate insurance industry losses from the hurricane will hit around $10 billion, one-tenth of the toll of Katrina.
Amplitude Files for Direct Listing on Nasdaq
The data analytics firm, which was valued at $4 billion in June, is betting on investor enthusiasm for its digital optimization software.
Brokerages Fined Over Cybersecurity Failures
The SEC says inadequate security at three firms resulted in the information of customers being compromised through email account break-ins.
Feds Investigating Peloton Safety Disclosures
The company says the SEC and other agencies are investigating its reporting of injuries associated with its Tread Plus treadmill.
Apple Settles App Makers’ Suit for $100 Million
The settlement of the antitrust class action also includes changes to App Store rules that prevented developers from billing customers directly.
Powell Remains Cautious on Stimulus ‘Tapering’
The Fed chair confirmed officials are moving toward winding down the monthly bond-buying program but was not specific about timing.
Most Companies Struggling to Hire Workers
“Employers are in the middle of an intense war for talent that’s not likely to let up anytime soon."