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A water tower stands at Walt Disney Studios on June 3, 2025 in Burbank, California.Mario Tama | Getty ImagesThe Walt Disney Company will pay $10 million to settle Federal Trade Commission allegations that it enabled the unlawful collection of children’s personal data on YouTube.The FTC claimed the company allowed data to be collected from kids who viewed videos directed at children on YouTube without notifying parents or obtaining their consent.The complaint alleged that Disney violated the Children’s Online Privacy Protection Rule by not labeling some YouTube videos as being made for children. The agency claimed the company was able to…

President Donald Trump said his administration would ask the Supreme Court for an expedited ruling in hopes of overturning a federal court decision that many of his tariffs were illegally imposed, arguing it is essential to keep his trade policy intact.Trump told reporters that the U.S. would appeal to the high court for relief as soon as Wednesday because “it would be a devastation for our country” if the appeals court ruling was left in place.”We’re going to be going to the Supreme Court, we think tomorrow, because we need an early decision,” Trump said Tuesday in the Oval Office.…

Austrian customs officers have raided a pop-up Labubu store in central Vienna, suspecting its proprietors of tax evasion and selling falsified versions of the hyped plush dolls.The shop is alleged to have offered fake versions of the rabbit-eared collectibles, also known as Lafufu, and failed to connect its cashier machines to the tax registry, Austria’s Finance Ministry said in a statement. Sales in August amounted to €43,000 ($50,120).The shop’s only seller at the time of the police hit lacked an employment permit and was registered as a low-income worker – a category that’s typically used for part-time employees with a…

Workers in dozens of job categories — including waiters, cosmetologists, golf caddies, event DJs and dancers — won’t have to pay taxes on the tips they earn, according to a White House list published on Tuesday.President Donald Trump’s tax law earlier this year established a break for tipped workers as part of Republicans’ tax-and-spending cut legislation. The list, published on X, will likely also need to be formalized by the Treasury Department and Internal Revenue Service, which write and implement federal tax regulations.The list of exempted jobs spans a range of industries, including food and beverage, hospitality, transportation and delivery,…

Netflix on Wednesday announced a new update to its “Moments” feature, allowing viewers to choose a start and end point on clips to save and share.The feature, which is only available on mobile devices, was first rolled out last year, for viewers to save scenes that they love — and share them.The new update coincides with the release of the second part of season 2 of the popular show “Wednesday.”Netflix’s new update to the “Moments” feature is looking to capitalize on viral moments in shows like “Wednesday.” The update includes a “clip” option on the screen to adjust the length…

Investors own more than 131,000 homes in the Las Vegas Valley now.Las Vegas Review-journal | Tribune News Service | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.John Carrafiell, co-CEO of BGO, a global real estate investment manager with $89 billion in assets under management, takes great pride in the fact that he sits right next…

Walmart-backed OnePay offers credit and debit cards, high-yield savings accounts, buy now, pay later loans and a digital wallet with peer-to-peer payments.Photo downloaded from OnePay websiteOnePay, the fintech firm majority owned by Walmart, is launching its own branded wireless plan as it seeks to become a one-stop shop for its users, CNBC has learned.OnePay Wireless will be available starting Wednesday in the OnePay app, according to Gigs, the mobile services startup that partnered with the company.The plan costs $35 a month for unlimited 5G data, talk and text on the AT&T network, Gigs said. The plans are activated in-app with…

Scott Olson | Getty ImagesMacy’s posted second-quarter earnings Wednesday that easily topped Wall Street’s expectations, as it said revamped stores helped sales trends.The department store operator also raised its full-year earnings and sales guidance. It now expects adjusted earnings of between $1.70 and $2.05 per share, compared with $1.60 to $2 per share, and revenue between $21.15 billion and $21.45 billion, compared with $21 billion to $21.4 billion.The stock was up more than 10% before the bell.Macy’s had slashed its full-year guidance last quarter and reported uncertainty in sales due to President Donald Trump’s tariffs.”We’re just well-positioned right now for…