Business
What the FTC's Personalized-Pricing Orders Ask Delta, Uber and Walmart
Delta, JetBlue, Instacart, Walmart and Target have made public denials of personalized pricing. The FTC's orders skip the promises and ask each company to count sales per method, under oath.
How Villa Vie's Fuel Bill Rose Up to 344% as Fuel Prices Nearly Doubled
Singapore marine fuel nearly doubled since the war began, yet Villa Vie puts its per-cabin fuel bill at $6,000 to $8,000 a month. The arithmetic, and the contract residents signed.
Dollar General's Four Test Buys: 30 Price Errors, 21 Against the Shopper
Register prices update first and shelf labels wait for a thinly staffed Tuesday shift, the FTC and 20 states allege, which would tilt errors toward overcharges. The claim window on the earlier $15 million settlement has closed.
Trump's Beef Quota Filled About 37% in Month One; Ground Beef Fell 13 Cents
Proclamation 11059 is a quota on lean beef trimmings, and only 37,486 of the first 100,000 tons had arrived by Sept. 28. Ground beef averaged 13 cents a pound lower, but the clearest price moves so far are on the ranch.
What Trump's Housing Order Means for a $360,000 Loan at 7.32%
Read verb by verb, the order is a to-do list for one agency head. Priced for a $360,000 loan, the PMI pilot reaches only future loans and the refinance savings are modest.
Meta's $25 Billion Penalty Works Out to $569 a Violation, Plus 15% a Year
The judgment starts at $219.5 billion and lands on $25 billion, or $569 for each of 43.9 million counted violations. Interest, a possible bond and the lawyers' cut decide what Meta pays and what New Mexico keeps.
Airbnb's Chore Limits Cover Bookings Made From Nov. 20, Not Stays
Airbnb's chore limits apply to reservations booked on or after Nov. 20, not to stays. The labor moves to the cleaning fee, where a $200 charge leaves a host $169 unless repriced.
Tesla Holders Would Need About 1.98 Billion Votes for a SpaceX Merger
The special committees have agreed no terms, but the arithmetic is already fixed: SpaceX's vote is Musk's, Tesla's is a gamble, and each point of premium moves ownership.
SpaceX Share for Every Kid Needs a Charity and Treasury's Approval
Trump named the route, but the Treasury rule behind it is narrower than the headlines: only a charity or a government can give, Treasury can say no, and the share is worth $147.96.
Services Supplied About Two-Thirds of China's 4.6% Nine-Month Growth
Read the production tables and China's 4.5% quarter looks less like an export story than the headlines say. Beijing needs only about 4.2% in the fourth quarter to hit 4.5% for the year; the weakness is in households and building.
Tuesday's French Budget Vote Is Not the Cliff. The Calendar After It Is
Tuesday's Assembly vote is a gauge, not the cliff: last year's equivalent failed 404 to 1 and the budget still passed. On the government's own forecast, the interest bill runs at about €250 million a day in 2027.
$110 Oil Adds About 91 Cents a Gallon; Pumps Have Passed On 55 Cents
Brent touched $110 on Friday but closed at $109.86. EIA's rule turns the climb since July 1 into an implied 91 cents a gallon; pumps rose a measured 55 cents by Oct. 12, and diesel is the bigger squeeze.
3.6% for Social Security, 2.6% for FERS, and a Bill Still Pending for VA
One inflation number, six outcomes: what Social Security, SSI, federal and military retirees, and disabled veterans will see, and when.
34.75% at the Border: Canada's Lumber Duty Cut Comes With a 2024 Bill
A 10.41-point duty cut saves Canadian mills $104.10 on every $1,000 of lumber going forward, but the 10% Section 232 tariff stays put and most 2024 entries owe more. For a U.S. house, the saving tops out at about $538.
$250 Dell Deposits Stopped at a $117,300 ZIP Line, Not $150,000
A fixed $6.25 billion gift met a far bigger pool of auto-enrolled children, so the Dell money stopped short of the $150,000 line announced in December. Here is who lost out, and where a family's next dollar should go.
Hall and Woodford's Nobel Rewards the Fed Talk That Moves Mortgages
The 2026 economics prize honors the idea that a central bank's promises move today's loan rates. Since the Fed's June meeting, the 30-year mortgage average has climbed 0.93 point while the Fed's own rate rose 0.25.
Median Net Worth Peaks at 75+ in the Fed's Survey, but the Lead Is Thin
Families aged 75 and older top the Fed's new survey, but the gap to 65-to-74 is smaller than the margin of error. Read in dollars, the poorest's "56% loss" is $2,100.
Amex's $350 Million Fine Is About 10 Days of Profit. The Orders Go Further
While suspect money moved through its cards for about 11 years, American Express's bank aimed its money-laundering risk assessment at a small deposit business. Now an outside consultant must re-examine its past suspicious-activity reporting, a review the OCC can widen, though regulators imposed no asset cap.
Tariffs Added 2.9 Points to Goods Inflation, About 0.6 to All Prices
The 2.9 points measures 67 goods categories, about a fifth of the basket, against less-exposed goods in February. Across a whole budget it works out to about 0.6 points (0.8 if all goods behaved alike), or roughly $320 to $460 a year for an average household by Daybreak Wire's arithmetic.
Real Rates, Not Inflation Bets, Drove the 10-Year Yield to a 2002 High
Oil gets the blame for the highest bond yields since 2002. The Treasury's inflation-protected yields show the market is charging more for money itself, which leaves mortgage rates little room to fall.