A man strolls out of a New Zealand supermarket carrying bags stuffed with nine stolen legs of lamb. Another pushes out a shopping cart stacked with NZ$1,500 ($896) of pilfered corned beef and mayonnaise. Yet another smashes a security guard in the face with a bottle of milk before making off with a basket of goods.
The Federal Trade Commission’s case against Amazon.com Inc. hinges in part on putting the e-commerce giant in a class of its own: The Online Superstore.
US stocks slid Tuesday as consumer confidence in the economy waned and investors factored in a protracted period of high interest rates. The dollar extended its winning streak into a fifth day.
Stablecoin issuers vying for assets in the short-term funding space risk disrupting the market after the Federal Reserve limited access to a key facility, according to JPMorgan Chase & Co.
Hunter Biden sued Rudy Giuliani for allegedly participating in the “total annihilation” of his digital privacy by hacking and manipulating data from his purported laptop, as he steps up a litigation effort in the wake of his indictment on unrelated federal gun charges.
The US Federal Trade Commission sued Amazon.com Inc. in a long-anticipated antitrust case, accusing the e-commerce giant of monopolizing online marketplace services by degrading quality for shoppers and overcharging sellers.
The US Federal Trade Commission sued Amazon.com Inc. in a long-anticipated antitrust case. The FTC accuses the e-commerce giant of excluding competitors in online marketplace services and stifling competition.
Lina Khan drew attention as a law student in 2017 with an article arguing for a broad re-imagining of US antitrust law. The company she focused on was Amazon.com Inc. Now Khan is chair of the US Federal Trade Commission, which has sanctioned Amazon for privacy lapses and is suing the company for allegedly exploiting its market power by overcharging merchants and steering consumers to its own products. Since much of US antitrust law is more than a century old, written for a very different economy
Apple Inc.’s lucrative agreement to use Alphabet Inc.’s Google as the default search engine for the iPhone includes a provision that the two tech giants will “support and defend” the deal against government scrutiny, a top Apple executive said at an antitrust trial.
Jeff Bezos’ Blue Origin has spent two decades trailing Elon Musk’s SpaceX in the space-exploration race. To fix this, Bezos has turned to a trusted Amazon.com Inc. lieutenant known for getting products out the door.
