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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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.