cnbc_topnews

EBay, former execs to pay $56 million in blogger harassment and stalking case

📰 source: cnbc_topnews · 💼 business

ebay and several former executives, including ex-ceo devin wenig, agreed to pay nearly $56 million to settle a civil case over a 2019 harassment and stalking campaign against a massachusetts couple. ina and david steiner, who run the online seller news site ecommercebytes, were targeted after ebay executives disliked their reporting. the couple received threats, live insects, a funeral wreath, and a bloody pig mask; former employees surveilled them and tried to install a gps tracker on their car. the settlement includes $46.1 million from ebay, $2 million from wenig, and smaller amounts from two other ex-execs. also, ebay must donate to nonprofits. seven former employees pleaded guilty criminally; james baugh got nearly five years. wenig denied knowledge, saying the harassment was done in secret. the company called the conduct reprehensible and said it has since strengthened policies.

why it matters: rare case where corporate executives face personal financial penalties for orchestrating a stalking campaign against a critic.

source: cnbc_topnews
sentiment: -0.40 · impact: 0.30

'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings

📰 source: bbc_business · 💼 business bank worker yongjoon kim lost 20 million won ($14,000) on seoul's kospi last month, money meant for his wedding home. his tech investments fell about 25% in july. the index more than doubled to 9,000 points by mid-june before plunging to 5,

These charts show why stocks keep rallying. Profit margins are the highest on record

📰 source: cnbc_topnews · 💼 business the s&p 500's blended net profit margin is running at 16.9% for q2, up from 14.8% in q1 and 12.9% a year ago. that's the highest since factset began tracking in 2009, and well above the five-year

Workday shares post best day in 10 years on Silver Lake takeover report

📰 source: cnbc_topnews · 💼 business workday shares posted their best day in ten years after a report said silver lake is exploring a takeover. the enterprise software company's stock jumped on the news. investors had been worried that ai could disrupt workday's core human capital and financial

Trade court upholds Trump's closure of 'de minimis' loophole

📰 source: cnbc_topnews · 💼 business a federal trade court on thursday upheld trump's elimination of the de minimis exemption, which allowed goods under $800 into the us tax free. the ruling came in a lawsuit from detroit axle, a michigan auto-parts distributor that sued the administration in may 2025,

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'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings

These charts show why stocks keep rallying. Profit margins are the highest on record

Workday shares post best day in 10 years on Silver Lake takeover report

Trade court upholds Trump's closure of 'de minimis' loophole