Business News

Amazon’s doorbell camera Unit, Ring, will have to pay a hefty fine in a settlement with the U.S. Federal Trade Commission regarding consumer privacy. According to a filing, Ring will pay $5.8 million. The FTC alleged that ring employees and others were able to access and download every customer’s videos before July 2017, with no technical or procedural restrictions on the practice. “Ring has claimed its products...

Last week, DirecTV reached a multiyear agreement with EverPass Media to continue to provide the NFL’s “Sunday Ticket” package to business customers. Earlier this year, the NFL sold the “Sunday Ticket” commercial rights to EverPass Media, which is jointly owned by private equity firm RedBird Capital Partners and the NFL. According to CNBC, the deal is effective for the 2023 season and “gives DirecTV the ability to...

More people were reportedly traveling through airports this Memorial Day weekend compared to the same holiday period before the pandemic. TSA’s data showed that nearly 9.8 million people have been screened over the weekend. This Memorial Day holiday period topped the prior highest number of screenings in 2019 by roughly 300,000. The results that Memorial Day provided have some people thinking this is indicative of a very...

On Thursday, the Food and Drug Administration granted full approval to Pfizer’s covid treatment pill. The antiviral treatment is meant for adults who have a high risk of getting extremely ill with the virus. That includes individuals who have weak immune systems, heart conditions, diabetes or cancer. Dr. Patrizia Cavazzoni said in a press release, “Today’s approval demonstrates that Paxlovid has met the agency’s rigorous standards...

Target has decided to remove some of its merchandise associated with celebrating pride month after much backlash and controversy including threats against the safety of its employees. In a statement posted to the company's website, Target claims that it has produced products celebrating Pride Month for over a decade. The company further explained that this year’s collection sparked “threats impacting our team members' sense of safety...

This week, Abercrombie & Fitch posted a surprise quarterly profit and increased the full-year sales forecast as the company leans into current trends. Yahoo Finance reported that shares are up by 29%. "(Abercrombie) is no longer just a jeans and T-shirt business," said CEO Fran Horowitz. The retailer has stepped up its stock across all labels and become a go-to place for American to purchase clothing...

On Tuesday, Peloton launched a new marketing campaign that focuses on reaching people of all fitness levels, incomes and ages. Peloton has faced many challenges in recent years including, a very controversial holiday ad, product recalls, slowed demand and more. According to CNBC, the company has yet to return to profitability, but is “ready to reintroduce itself to the world and shed the image the holiday...

Amazon is trying to keep up with conversational AI tools. In an interview with CNN, Senior Vice President of devices and services, Dave Limp, said, “We’ve been using all forms of AI for a long time, but now that we see this emergence of generative AI, we can accelerate that vision even faster.” Limp stated that there are “clear possibilities” on how generative AI could improve Alexa...

Starting on June 27th, Paramount Plus subscription prices will go up as part of the company’s integration with Showtime. Currently, Paramount Plus has two separate premium plans, one without Showtime that costs $9.99 per month and another one with Showtime that costs $11.99 per month. Starting next month, subscribers will no longer have access to just Paramount Plus content and ad-free streaming without Showtime, however, the...

Venmo has launched a new program that will allow teens to have their very own account. Starting next month, parents and guardians of kids between the ages of 13 to 17 years old will be able to open a Venmo Teen Account to send and receive money, Fox Business reported. The account comes with a Venmo Teen Debit Card and parents or legal guardians will be...