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Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, Germany, on Dec. 9, 2024.Ina Fassbender | Afp | Getty ImagesAmazon pressured major brands like Levi Strauss & Co. and Hanes to inflate prices of listings on rival online marketplaces as part of wide-ranging price-fixing scheme, according to California Attorney General Rob Bonta.The newly unsealed documents released on Monday are part of a 2022 antitrust lawsuit alleging Amazon stifled competition and increased the prices that consumers pay across the internet. The complaint zeroes in on Amazon’s agreements with its…
Snap names Doug Hott as new CFO Source link
Apple CEO Tim Cook will step down from the job effective September 1, 2026. As has long been rumored, Senior Vice President of Hardware Engineering John Ternus will become Apple’s new CEO. While Cook will no longer serve as CEO, he will remain with the company in a different capacity as executive chairman. “As executive chairman, Cook will assist with certain aspects of the company, including engaging with policymakers around the world,” Apple says. In a statement, Cook offered the usual positive words about his time as CEO: It has been the greatest privilege of my life to be the…
Department of Labor Secretary Lori Chavez-DeRemer is resigning from the Trump administration, the White House said Monday.Chavez-DeRemer, 58, will “take a position in the private sector,” White House communications director Steven Cheung said in an X post.Deputy Labor Secretary Keith Sonderling will take over the department in an acting capacity, Cheung wrote.Chavez-DeRemer was reportedly embroiled in an investigation by the Labor Department’s inspector general into allegations of professional misconduct, including that she used agency resources for personal trips and was engaged in an affair with a member of her security team.Chavez-DeRemer was expected to be interviewed as part of that…
Warren Buffett said he sold Apple too soon and would buy more of it, though not in the current market. “I sold it too soon. But, I bought it even sooner, so,” Buffett told CNBC’s Becky Quick in an interview Tuesday on “Squawk Box” in which he announced he’s bringing back his famed charity lunch. Apple remains Berkshire Hathaway’s largest holding even after the conglomerate trimmed its stake to $61.96 billion at the end of last year, according to InsiderScore.However, Buffett said Tuesday that he would continue to add to the position if it gets cheaper. He said the iPhone…
Stay informed with free updatesSimply sign up to the German politics myFT Digest — delivered directly to your inbox.The far-right Alternative for Germany (AfD) is embroiled in a bitter internal row over conscription, with the party’s anti-Nato wing appearing to prevail ahead of regional elections this autumn.Rüdiger Lucassen, a former Bundeswehr colonel who is one of the most pro-American figures in his party, stepped down this week as AfD defence spokesperson after eight years in the job. His departure highlights the growing strength of the party’s eastern German faction ahead of two critical state elections in the region in September.…
Advocates attend a news conference about the “impact of incarcerating those charged with marijuana-related offenses,” and policy reform ideas, outside the U.S. Capitol on April 20, 2026.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesA White House executive order on psychedelics, signed by President Donald Trump on Saturday, aims to speed up research on drugs like psilocybin, MDMA and ibogaine, helping to legitimize an industry that’s long lived largely underground. But it also raises a broader question: Will psychedelics fall victim, like cannabis has, to a slow-moving federal process?The latest executive order comes roughly four months after an effort by…
Alaska Air pulls 2026 profit forecast amid fuel costs related uncertainty Source link
John Ternus, senior vice president of hardware engineering at Apple Inc., during an Apple event in New York, US, on Wednesday, March 4, 2026.Adam Gray | Bloomberg | Getty ImagesApple said on Monday that John Ternus is succeeding Tim Cook as CEO, with Cook assuming the role of executive chairman on Sept. 1.Ternus, a senior vice president of hardware engineering, will join Apple’s board of directors when he becomes chief. Apple’s non-executive chairman Arthur Levinson will become the iPhone maker’s lead independent director at that time.”Cook will continue in his role as CEO through the summer as he works closely…
Education minister Jacqui Smith said the move would create “a clear legal requirement for schools”. Source link