Business

A bipartisan group of lawmakers demanded the dismissal of three high-profile university presidents who testified before a House committee this week about antisemitism and offered narrow legal responses to questions over whether calling for the genocide of Jews was against school policy. “The world is watching — you can stand with your Jewish students and…

FabFitFun turned into a dumpster fire just in time for the holiday season. The millennial-favorite subscription box company went viral this week when it posted a controversial ad on Elon Musk’s X (formerly Twitter)—but it blew up for all the wrong reasons.  The meltdown over what appeared to be a badly misjudged attempt to piggyback…

House lawmakers are demanding information from federal officials on what they are doing to stop the recent influx of kid-appealing electronic cigarettes from China. Members of a new congressional committee on U.S.-China relations sent the request Thursday to Justice Department and Food and Drug Administration leaders, calling attention to “the extreme proliferation of illicit vaping products.” The letter…

Amazon.com sued what it called an international ring of thieves who swiped millions of dollars in merchandise from the company through a series of refund scams that included buying products on Amazon and seeking refunds without returning the goods. An organization called REKK advertised its refund services on social media sites, including Reddit and Discord,…

A federal judge in Seattle ruled on Thursday that the founder and former CEO of Binance, who’s awaiting sentencing after pleading guilty to money laundering charges, must remain in the country. The order came after the Justice Department appealed a magistrate judge’s earlier ruling that Changpeng Zhao—known as “CZ” in the crypto world—could return to…

A former Jacksonville Jaguars executive stole $22 million from the NFL team and used the money to fund a luxury lifestyle that included a Tesla, private jet travel and a $95,000 Patek Philippe Nautilus watch, according to US prosecutors. The executive, Amit Patel, processed fraudulent credit card transactions from September 2019 until he was fired…

Block, the payments company led by former Twitter CEO Jack Dorsey, announced on Thursday that Bitkey, a physical device on which customers can store Bitcoin, was officially open for preorders in more than 95 countries. The Bitcoin wallet will ship in early 2024 and cost $150 in the U.S., a purchase price that includes the…

Robinhood, the stock trading app that also lets users buy and sell crypto, announced early Thursday that it has officially launched crypto trading in the European Union, one month after it had signaled plans to do so in a quarterly earnings report. As part of its push into the EU, Robinhood will list 26 cryptocurrencies,…

U.S. Coast Guard officials are promising reforms after an internal review sparked by reports of sexual assault and harassment found that “too many” of its members don’t feel safe and trust in leadership is eroding. The wide-ranging 90-day review, released Wednesday, calls for an end to a “permissive environment” that extends to inappropriate jokes and comments, and…

Recent reports of “white lung” pneumonia, or “white lung syndrome,” among U.S. children have parents worried their kids could contract yet another pathogen this holiday season. But “white lung” pneumonia isn’t a thing, experts tell Fortune, and certainly not a medical term. It’s one way to describe the X-rays of some who have pneumonia, which…