Cash App Ordered to Pay $255 Million in Penalties Over Fraud

• American Express to pay $230 million to settle DOJ fraud probe, deceptive marketing claim

  The American Express settlement follows recent agreements by Mastercard and Block to settle claims from prosecutors or regulators.
  
  CNBC - 1h

• Judgment in Trump fraud case stands at $502 million before inauguration

  President-elect Donald Trump will likely owe the state of New York about half a billion dollars when he's sworn in as president.
  
  CBS News - 3h
• 

  Toyota Truck Unit Will Pay $1.6 Billion to Settle Emissions Fraud Case

  Hino Motors, a Toyota subsidiary, will plead guilty to conspiracy charges and pay penalties for deceiving regulators about its diesel engines, the E.P.A. said.
  
  The New York Times - 5h

• Toyota subsidiary to pay $1.6 billion over U.S. emissions fraud case

  Toyota subsidiary Hino Motors will pay $1.6 billion to settle a fraud case that alleged the company deceived regulators about emissions amounts from its diesel engines, U.S. officials have ...
  
  CBS News - 8h

• Vince McMahon will pay $1.7 million to settle SEC allegations over hush money agreements

  Former WWE impresario Vince McMahon agrees to settle allegations by the SEC that he paid millions in hush money to two women without telling his board.
  
  Los Angeles Times - 6d
• 

  Former MoviePass Executive Pleads Guilty to Fraud Over ‘Unlimited’ Plan

  Prosecutors said that Theodore Farnsworth, who ran the parent company of MoviePass, had misled investors about its popular subscription plan.
  
  The New York Times - Jan. 8

• Apple Agrees to Pay $95 Million to Settle Lawsuit Over Recordings Tied to Siri

  The class-action lawsuit alleged the company obtained private communications and shared them with third parties without consent through Siri.
  
  The Wall Street Journal - Jan. 2

More from The New York Times

• 

  A First-Day Trump Order: A Federal Stockpile of Bitcoin?

  The cryptocurrency industry has pushed President-elect Donald J. Trump to establish one, creating real political momentum behind the plan.
  
  The New York Times - 5h
• 

  Amid Warnings About Alcohol and Cancer, the N.A. Drinks Industry Could Get a Boost

  The nonalcoholic beverage industry could get a boost from the surgeon general’s warnings linking alcohol to some cancers. But don’t expect the industry to condemn your glass of pinot.
  
  The New York Times - 12h
• 

  On TikTok, Users Mock Looming U.S. Ban

  Ahead of a Supreme Court ruling, they are mocking U.S. national security concerns about the Chinese-owned app.
  
  The New York Times - 7h
• 

  What to Know About the E.V. Tax Credit That Trump Might Repeal

  Rules for a $7,500 tax break for electric vehicle purchases and leases recently changed, but more far-reaching changes are expected when President-elect Donald J. Trump takes office.
  
  The New York Times - 12h
• 

  Trump Treasury Pick Scott Bessent to Face Grilling

  Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.
  
  The New York Times - 34m

More in Business

• Apple has worst day since August following reports of China, AI struggles

  Apple reports December quarter results on Jan. 30.
  
  CNBC - 3m
• 

  Trump Taps Mel Gibson, Sylvester Stallone and Jon Voight as Hollywood ‘Ambassadors’

  The president-elect said the actors would be his “eyes and ears” with the goal of helping the entertainment industry, which he said had lost business to foreign countries.
  
  The New York Times - 17m

• Trump tariffs on Canada could jeopardize oil and gas exports to U.S., says trade chief

  President-elect Donald Trump's threatened tariffs could prompt Canada to pursue dollar-to-dollar retaliation or an export tax on oil and gas bound for the U.S.
  
  CNBC - 22m

• Oil ends lower, with U.S. prices failing to hold above $80 a barrel

  Oil futures settled lower on Thursday, pulling back as news of an Israel-Hamas cease-fire deal helped to ease some worries about risks to global supplies — though the agreement has reportedly hit a ...
  
  MarketWatch - 24m

• That big one-day stock-market surge we just had? Don’t make too much of it.

  Price spikes happen in bear markets more often than in bull markets.
  
  MarketWatch - 24m