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- Which Countries Are Profiting From the Iran War Oil Shock
An analysis of oil export data offers clues about which nations have benefited from higher prices, and which have lost a lot of revenue. [TheTopNews] Read More.2 hours ago - Amazon accused of keeping hundreds of millions in tariff costs to curry favor wi...
Amazon is facing a new class action lawsuit accusing the company of failing to refund tariff-related costs it passed on to consumers through higher prices in order to appease the Trump administration.Consumers allege in a proposed lawsuit filed in Seattle that the tech giant collected hundreds of millions of dollars in unlawful tariff costs by raising prices on imported goods before the U.S. Supreme Court ruled in February that President Donald Trump lacked authority under the International Emergency Economic Powers Act (IEEPA) to impose certain tariffs.While thousands of companies have sought billions of dollars in refunds from the government following the ruling, Amazon has failed to do so, the complaint states, "not because it lacks a legal basis to do so, but because it seeks to curry favor with Trump by allowing the federal government to retain the funds.""Amazon’s decision to forgo recovery serves its own political and commercial interests at the direct expense of the consumers who bore the tariff costs in the first place," the lawsuit alleges.AMAZON’S 30-MINUTE DELIVERY PUSH RAISES STAKES IN RACE FOR SPEED"The problem is that the funds Amazon is using to stay in the President’s good graces do not belong to Amazon," the complaint continues. "These funds were wrongfully taken from consumers to cover IEEPA tariffs that have since been invalidated. Those funds belong to the consumers who paid them."The lawsuit also alleges Amazon "has no intention" of returning the costs passed on to consumers."It has, in short, generated and retained a windfall from unlawful government action, and consumers — not Amazon — are the ones left paying for it," the filing states.The complaint accuses Amazon of unjust enrichment and violating Washington state’s consumer-protection law.MORE THAN 125,000 CHILDREN’S TOWER STOOLS RECALLED NATIONWIDE DUE TO POSSIBLE DEADLY DEFECTThe legal clash comes after consumers filed similar lawsuits against companies, including Nike and Costco, over claims they failed to pass tariff-related refunds on to customers.The lawsuit against Amazon also alleges the company faced White House pushback in April 2025 after reports surfaced that it was considering displaying how much of a product’s cost stemmed from IEEPA tariffs.Amazon denied the report, saying it never considered listing tariff-related prices on its main retail site. However, the lawsuit alleges the report prompted Trump to call Amazon Executive Chairman Jeff Bezos to complain.CLICK HERE TO GET FOX BUSINESS ON THE GOMore than 2,000 companies have filed suits in the U.S. Court… [TheTopNews] Read More.2 hours ago - Josh Tyrangiel book excerpt: How OpenAI and Khan Academy Made a ChatbotInside a collaboration to bring artificial intelligence into the classroom. [TheTopNews] Read More.2 hours ago
- Political Money Is Flowing to Influencers. But From Whom?Social media stars have become a magnet for campaigns and political groups that want to push priorities without disclosing where their money is going. [TheTopNews] Read More.2 hours ago
- NYC Mayor Zohran Mamdani says he’s tried to meet with billionaire CEO afte...New York City Mayor Zohran Mamdani said Friday he has attempted to meet with billionaire Citadel CEO Ken Griffin after the hedge fund executive blasted the mayor’s viral "Tax the Rich" video targeting him.Mamdani said a member of his team reached out to Griffin but had not received a response."We reached out to set up a meeting," Mamdani said Friday. "We're still waiting to hear.""That continues to be an open invitation, and it’s part of invitations that I’ve made to a number of business leaders across the city," he continued. "I’m there to listen and there to have a conversation that goes beyond places of agreement, but perhaps places of disagreement to hear honest reflection and critique, without putting any precondition on the nature of that conversation."BILLIONAIRE SAYS MAMDANI’S 'TAX THE RICH' VIDEO OUTSIDE HIS NYC APARTMENT WAS ‘CREEPY’ AND ‘FRIGHTENING’The outreach comes after Mamdani posted a video on April 15 highlighting Griffin’s property while promoting a new pied-à-terre tax proposal.In the video, the mayor — who has pledged to raise taxes on wealthy New Yorkers — stood outside Griffin’s 24,000-square-foot penthouse, which Griffin purchased in 2019 for $238 million, the most expensive residential sale in U.S. history.Griffin later criticized the video, calling it a "creepy and weird" political advertisement.A spokesperson for Griffin did not say whether he plans to meet with the mayor.MAMDANI TAX BREAK PROPOSAL SPARKS FEARS AS BUSINESS LEADERS WARN OF ‘FRAGILE’ NYC ECONOMY"Ken cares deeply about New York City and welcomes thoughtful, serious conversations about the policies that can grow the city’s economy and create more opportunity for all New Yorkers," the spokesperson said in a statement to FOX Business. "Reckless political theater serves no purpose and undermines the future of one of the world’s most important cities."In the April video promoting higher taxes on wealthy New Yorkers and a pied-à-terre tax on second homes, Mamdani singled out Griffin’s penthouse as an example of what he called a "fundamentally unfair system.""This is an annual fee on luxury properties worth more than $5 million whose owners do not live full-time in the city—like this penthouse, which hedge fund CEO Ken Griffin bought for $238 million," Mamdani said in the video.Speaking at the Milken Conference in Los Angeles earlier this month, Griffin said Mamdani’s "frightening" video reaffirmed his decision to "double down" on business in Miami.MAMDANI THANKS SAME BILLIONAIRE HE TARGETED IN TAX VIDEO FOR NYPD MONEY"Mamdani has… [TheTopNews] Read More.7 hours ago
- Check your freezer: Organic ice cream recalled in 17 states over possible metal ...An organic ice cream brand has recalled select flavors over the potential presence of metal fragments, according to the U.S. Food and Drug Administration (FDA).Straus Family Creamery, based in Northern California, voluntarily recalled a limited number of production runs of its Organic Super Premium Ice Cream on Wednesday after the company discovered the potential presence of foreign metal material, according to an FDA report published Friday.The recall impacts select pint and quart containers of vanilla bean, strawberry, cookie dough, Dutch chocolate and mint chip ice cream distributed to retailers in 17 states: Arizona, California, Colorado, Connecticut, Florida, Georgia, Iowa, Illinois, Indiana, Maryland, New Jersey, Oregon, Pennsylvania, South Carolina, Texas, Washington and Wisconsin.Not all Straus Family Creamery ice cream products are affected by the recall. The company said the recall applies only to certain production runs identified by "best by" dates ranging from Dec. 23, 2026, through Dec. 30, 2026.DOZENS OF ICE CREAM PRODUCTS RECALLED OVER UNDECLARED ALLERGENS POSING 'LIFE-THREATENING' RISKThe affected products began appearing on store shelves on May 4. Consumers can identify recalled products by the "best by" date printed in black on the outside bottom of the container.According to the FDA, no injuries or illnesses have been reported in connection with the recalled products.In its recall notice published by the FDA, Straus Family Creamery said it is "working with retailers to remove the potentially affected products from shelves."Consumers are urged not to eat the recalled ice cream and should discard the product rather than return it to stores.ICE CREAM SOLD AT WALMARTS ACROSS 16 STATES RECALLED DUE TO UNDECLARED ALLERGENCustomers seeking a voucher for a replacement product can visit the company’s recall website.Consumers with questions can contact Straus Family Creamery at support@strausmilk.com or 1-707-776-2887 Monday through Friday from 9:30 a.m. to 5 p.m. PT.GET FOX BUSINESS ON THE GO BY CLICKING HERELast month, California-based Loard’s Ice Cream recalled dozens of products sold in Northern California over undeclared allergens including milk, eggs, wheat, peanuts and soy, according to the FDA. No illnesses were reported in that recall.A representative for Straus Family Creamery did not immediately respond to FOX Business’ request for comment. [TheTopNews] Read More.9 hours ago
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