Walmart has agreed to pay $10 million to settle a Federal Trade Commission lawsuit accusing it of overlooking fraud involving its money transfer services, which scammers exploited to steal from consumers. The settlement, pending approval from U.S. District Judge Manish Shah, requires Walmart to halt processing suspected fraudulent transfers and comes after the FTC highlighted various scam schemes targeting victims.
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Inflation surged in June amid tariffs as Trump declared ‘inflation is dead’
Consumer prices increased by 2.7% in June, reflecting the impact of President Trump's tariff policy, although still below January's 3%. While the White House touted this as stabilizing inflation, some retailers warned of potential price hikes due to tariffs, and analysts predict further inflation increases despite the Federal Reserve's cautious stance on interest rates. Explain It To Me Like I'm 5: Consumer prices went up by 2.7% in June compared to last year, partly because...
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