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FedEx announced Thursday it will return any tariff refunds it may receive to its customers who paid them as it seeks compensation from the federal government for tariffs paid that were subsequently ruled illegal.The shipping giant said in a statement that it intends to return any tariff refunds to shippers and customers who bore the cost of the tariffs. The move follows the Supreme Court's ruling last week that a […]

Netflix dropped its bid to buy Warner Bros. after the studio announced Paramount's latest bid to buy the entire company was "superior.""The transaction we negotiated would have created shareholder value with a clear path to regulatory approval. However, we've always been disciplined, and at the price required to match Paramount Skydance's latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid," […]

A Florida man was arrested on federal charges related to an alleged cryptocurrency "Ponzi scheme" that defrauded investors of at least $328 million.The U.S. Attorney's Office for the Middle District of Florida said in a release Tuesday that Christopher Alexander Delgado, a 34-year-old from Apopka, Florida, was arrested on wire fraud and money laundering charges. If convicted on all charges, Delgado would face a maximum of 30 years in federal prison.According to […]

Ford is recalling more than 4.3 million pickup trucks and SUVs due to a software issue that could cause trailer brakes not to function.The recall affects certain model year 2021 through 2026 F-150s, 2022-2026 Super Duty trucks, 2024-2026 Rangers, 2022-2026 Expeditions, Mavericks, Lincoln Navigators and 2026 Transit vehicles.When towing a trailer, the Integrated Trailer Module may lose communication with the vehicle, potentially causing a loss of brake and turn signal […]

Americans are facing rising electricity costs around the country as winter weather and the rise of artificial intelligence (AI) data centers increase demands on the electric grid.Electricity prices have risen faster than the pace of inflation in the last year. January consumer price index (CPI) data from the Bureau of Labor Statistics showed electricity costs were up 6.3% from a year ago, while CPI was up 2.4% in that period.Data from […]