The Federal Trade Commission or FTC announced that grocery delivery provider Instacart will pay $60 million in refunds to consumers to settle allegations that the company engaged in deceptive practices that harmed shoppers and increased grocery costs.
Under the proposed settlement order, Instacart must cease these practices and provide refunds to consumers who were charged for Instacart+ memberships without their informed consent.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.