Business

GOP senator will block Warsh nomination until ‘bogus’ Powell probe ends

Sen. Thom Tillis, R-N.C., said Tuesday he will continue to block Kevin Warsh’s confirmation to lead the Federal Reserve after a heated hearing, arguing the process cannot move forward amid an ongoing Justice Department investigation involving Fed Chair Jerome Powell. “At the end of the day, there’s only one thing…

California accuses Amazon of pushing rivals to raise prices

California officials allege Amazon may have quietly driven up prices across the internet by pressuring retailers and brands not to undercut its listings, according to newly unsealed court evidence. The allegations, revealed Monday as part of the state’s antitrust lawsuit, claim Amazon worked behind the scenes with companies like Levi…

DOJ reportedly pursuing criminal antitrust probe of major meatpacking companies

The Justice Department is reportedly pursuing a criminal antitrust investigation of large meatpacking companies after President Donald Trump called for them to face a probe over the higher prices facing consumers. The Wall Street Journal reported, citing sources familiar with the matter, that while the DOJ indicated it was investigating…

Costco plans major growth push, targeting 30 new locations annually

Costco is betting big on a massive global expansion strategy, aiming to open 30 new warehouses annually over the next decade. Driven by a combined goal to fix overcrowded stores and record-breaking demand, the retail giant is moving into new territories like Port St. Lucie, Florida, while eyeing a 50-50…