News

Lawsuit targets eBay for alleged environmental violations

Published

2 years ago

September 28, 2023

The United States government has taken legal action against eBay, alleging that the online marketplace allowed the sale of products that violated federal environmental laws.

The lawsuit, filed by federal authorities, claims that eBay failed to adequately monitor and regulate the listings on its platform, resulting in the sale of items that pose environmental risks.

According to the complaint, numerous listings on eBay offered products such as banned pesticides, hazardous chemicals, and even illegal wildlife products. These items, if not properly handled or disposed of, can have detrimental effects on the environment, public health, and wildlife conservation efforts.

The lawsuit argues that eBay’s negligence in enforcing environmental regulations allowed sellers to profit from these unlawful transactions, putting profit above environmental protection. Federal authorities are seeking both financial penalties and a court order mandating eBay to improve its oversight and compliance mechanisms to prevent such violations in the future.

eBay, a global e-commerce giant, has responded by stating that it takes its responsibilities seriously and has been working to combat illegal listings and promote compliance with environmental laws on its platform. The company claims to have invested significant resources in implementing policies and tools to prevent the sale of prohibited items.

However, the government’s lawsuit underscores the challenges that online marketplaces face in policing their vast ecosystems of listings and ensuring that they do not inadvertently facilitate illegal or harmful activities.

News

Big Tech earnings spark investor unease over AI spending

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Published

14 hours ago

January 30, 2026

Harvey Vargas

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.

Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.

Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.

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News

Federal Reserve holds interest rates amid economic uncertainty

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut. #FederalReserve #InterestRates #Economy

Published

2 days ago

January 29, 2026

Harvey Vargas

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut.

The Federal Reserve has opted to keep interest rates unchanged, marking the first pause since July. Officials are showing little urgency to resume cuts, even after previous rate reductions.

Two Fed governors opposed the decision, calling for a quarter-point cut, highlighting ongoing debates within the rate-setting committee, which includes both appointed governors and regional bank presidents.

Concerns over the job market and persistent inflation continue to weigh heavily on the Fed’s policy decisions, leaving economists and investors closely watching the next moves.

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#FederalReserve #InterestRates #Economy

News

Trump warns Iran as U.S. naval forces approach amid rising tensions

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and tensions rise.

Published

2 days ago

January 29, 2026

Harvey Vargas

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and rising tensions.

U.S. President Donald Trump has urged Iran to return to nuclear negotiations, warning that failure to do so could result in a far more severe military response. Posting on Truth Social, Trump signalled a hardening stance as tensions between Washington and Tehran continue to rise.

Trump confirmed that a U.S. naval strike group led by the USS Abraham Lincoln is moving towards Iran, as protests grow inside the country over alleged government repression.

The show of force comes amid heightened regional instability and mounting pressure on the Iranian leadership.

#Trump #Iran #USForeignPolicy