Standard & Poor's will pay $1.5 billion to resolve litigation alleging that the ratings agency issued inflated grades on mortgage bonds before the 2008 financial crisis.
S&P will pay $687.5 million to the U.S. Department of Justice, and 19 states and the District of Columbia "will share a similar amount," The Wall Street Journal reports. The company also reached a separate $125 million deal with the California Public Employees' Retirement System (Calpers).
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Why ‘anti-Islam’ bikers are guarding Gaza aid sitesIn The Spotlight Members of Infidels MC, who regard themselves as modern Crusaders, among private security guards at Gaza Humanitarian Foundation sites
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China: Xi seeks to fill America’s voidFeature Trump’s tariffs are pushing nations eastward as Xi Jinping focuses on strengthening ties with global leaders
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Rebrands: Bringing back the War DepartmentFeature Trump revives the Department of Defense’s former name
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New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
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Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
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US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
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NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
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Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
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FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
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Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
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Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
