The SEC has reportedly launched an investigation into how Amazon discloses details of its business practices, including how it uses third-party seller data. The company stands accused of using data from third-party sellers to decide when to make its own private-label products, unfairly competing with the very companies that generate its sales. The Wall Street Journal…Continue Reading

Thursday on FNC’s “Fox & Friends,” Sen. Tim Scott (R-SC) responded to criticism he has received for his opposition to the confirmation of Judge Ketanji Brown Jackson to the U.S. Supreme Court. MSNBC host Joy Reid this week slammed Scott for following Sen. Lindsey Graham’s (R-SC) “barking-dog racism” to oppose Jackson. All accuracy here. Not…Continue Reading

A recent report claims that tech giant Facebook (now known as Meta) is still planning on developing its own digital currency despite previous failures in the crypto space. Mark Zuckerberg and the Masters of the Universe are reportedly exploring the “least regulated way to offer a digital currency.” A recent report from the Financial Times…Continue Reading

In February, GM hired Missy Owens — a former senior official in the Obama administration and niece of President Joe Biden — as director of environment, sustainability and governance policy within the Detroit automaker’s global regulatory affairs and transportation policy group. GM’s D.C. hiring strategy has included the addition of former NHTSA chief David Strickland…Continue Reading

Ohio State University running back TreVeyon Henderson is among the top football players in the country, but at Ricart Automotive Group he’s just one of the “interns.”Henderson, several of his teammates and other Ohio State athletes star in a series of advertisements that show them fetching coffee, pushing cars and being silly with group President…Continue Reading

Wholesale used-vehicle prices slipped further in March, the second month in a row they’ve declined after a long period of record elevation. Cox Automotive said Thursday that its Manheim Used Vehicle Value Index, which tracks vehicles sold at Manheim’s U.S. auctions, fell 3.3 percent in March compared with February. The decline in February pric-es was…Continue Reading

Findlay Automotive Group of Henderson, Nev., has acquired two Larry H. Miller dealerships in Washington state from Asbury Automotive Group Inc. Findlay CFO Tyler Corder announced the acquisition in a Twitter post on Thursday. He confirmed to Automotive News that the transaction closed on Friday to buy Larry H. Miller Downtown Toyota Spokane and Larry…Continue Reading