Aaron Gregg
Washington Post
Washington, DC, United States
Contact Aaron
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Recent articles by Aaron:
FTC sues to block $4.4 billion defense merger
Lockheed Martin, the world's largest defense contractor by revenue, had sought to gain additional scale with the purchase of Aerojet Rocketdyne. The Federal Trade Commission wants to block the merger. → Read More
U.S. stocks slide as market volatility continues
An impending shift in monetary policy threatens to reshape the playing field for investing in 2022. → Read More
Why the pandemic’s work-from-home tech darlings are falling back to earth
Netflix, Peloton and other companies were wildly popular when people first started working from home. Now they are under pressure. → Read More
Peloton stock plunges following report it will halt production
CNBC, citing internal documents, says the company will hit pause amid slowing demand for its connected Bike and treadmill. → Read More
Bank of America slashes fees for overdrawn accounts
It’s the latest big bank to shift gears on the controversial penalties, which regulators and consumer advocates call exploitative. → Read More
Gambling boom in 2021 sets new record after pandemic slump
The commercial gaming industry made over $44 billion in revenue in 2021, surpassing a record set in 2019. → Read More
5 GOP-led states extend unemployment aid to workers who lose jobs over vaccine mandates
Critics says the rule changes in Arkansas, Florida, Iowa, Kansas and Tennessee are incentivizing people to skip shots and undermining the White House’s pandemic response. → Read More
Crypto magnate Justin Sun heading to space on Blue Origin flight
The tech entrepreneur reveals himself to be the mystery winner of the company's auction with a $28 million bid, then announces plans to select five people to go with him. → Read More
Kellogg’s striking cereal workers await results of latest contract vote
The walkout by 1,400 union members in Michigan, Nebraska, Pennsylvania and Tennessee has been ongoing since Oct. 5. → Read More
Retail CEOs say online marketplaces are fueling ‘flash mob’ robberies. They want Congress to step in.
A letter signed by the chief executives of Best Buy, Target, Nordstrom and other brands urged lawmakers to make it harder for people to remain anonymous when they sell things online. → Read More
China Evergrande has defaulted on its debts, Fitch says
The Chinese developer has been staggering under the weight of $300 billion in liabilities. → Read More
Capital One to end overdraft penalties as CFPB takes aim at ‘exploitative junk fees’
The bank says it will no longer charge customers when their account balances dip below zero, ending a revenue stream estimated at $150 million a year. → Read More
What time will stores open on Thanksgiving and Black Friday?
J.C. Penney, Kohls, Big Lots and more are opening early on Black Friday to give holiday shoppers a head start. → Read More
Ford will take a run at chipmaking with GlobalFoundries deal
The tie-up comes amid a global semiconductor shortage that has gridlocked automakers for more than a year. → Read More
Johnson & Johnson will split into two public companies
The pharmaceutical and medical devices divisions will be separated from the consumer products business known for Band-Aid and Tylenol. → Read More
Former UAW officer accused of embezzling $2 million
Federal prosecutors say Timothy Edmunds of Local 412 in Michigan used much of those funds for gambling, high-end vehicles and luxury clothes. → Read More
Tesla stock slides after Elon Musk asks Twitter if he should sell 10 percent of his stake
In 2018, federal regulators charged Musk with securities fraud about a potential effort to take Tesla private. The Securities and Exchange Commission alleged that a “series of false and misleading tweets” caused Tesla’s stock price to jump more than 6 percent that day and significantly disrupted the market. Musk and Tesla ultimately reached a settlement with the SEC, with each paying a $20… → Read More
John Deere workers reject contract offer, extending strike into third week
About 55 percent of the unionized workers voted down a contract offer that included a 10 percent pay raise this year. → Read More
Elon Musk says Tesla has not signed contract with Hertz
The electric vehicle-maker's stock price fell 4.5 percent in early-morning trading after CEO Elon Musk implied his company's massive deal with Hertz may not be finalized. → Read More
Twitter’s new strategy to fight climate lies: Give users accurate information first
The platform says it is using prebunks — “reliable, authoritative hubs of information” — to get ahead of misleading narratives. → Read More