Federal Trade Commission (FTC) officials have filed an antitrust lawsuit against online retailer Amazon (AMZN), citing the marketplace's anticompetitive practices of promoting its own products over third-party sellers. Yahoo Finance's Dan Howley and Alexis Keenan break down the claims made by the FTC and 17 states and how this could impact Amazon's status as an 'online superstore.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023.Rapper Jay-Z, producer Timbaland and R&B singer Ginuwine convinced a Manhattan federal judge to dismiss a lawsuit from soul musician Ernie Hines, who alleged that they unlawfully sampled one of his songs from 1969. U.S.
Attorney's Office for the Middle District of Louisiana have opened the probe, with investigators "reviewing the matter for potential federal violations," the FBI New Orleans said in a statement on Friday, while urging anyone with information on the case to contact them. The announcement comes in the wake of multiple federal lawsuits filed against the Baton Rouge Police Department and the city of Baton Rouge in the past month.
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FTC’s suit against Amazon, Biden visits autoworkers: Yahoo Finance LiveThe FTC, along with 17 states, has filed an antitrust lawsuit against Amazon, alleging that the tech giant used its “monopoly power” to inflate prices, which has harmed consumers. Meanwhile, President Biden visited UAW members who are still striking against the Big Three automakers, Ford (F), General Motors (GM), and Stellantis (STLA). Other trending tickers on Yahoo Finance today include Fisker (FSR), Sirius XM Holdings (SIRI), and Rivian (RIVN).3:05 p.m. ET - Mozelle Thompson, Former FTC Commissioner 3:35 p.m. ET - Michael Linford, Affirm CFO3:45 p.m. ET - Ann Berry, Threadneedle Strategies Founder4:05 p.m. ET - Senator Ron Johnson (R- Wisconsin)4:20 p.m. ET - Dr. Zeke Emanuel, Vice Provost for Global Initiatives at The University of Pennsylvania and Chair of the Department Of Medical Ethics and Health Policy
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What Amazon's up to $4B commitment to Anthropic could mean for AI spaceAmazon (AMZN) has made an investment in the AI firm Anthropic, announcing their willingness to commit up to $4 billion this morning. Anthropic will utilize Amazon's Web Services (AWS) along with their custom chips to facilitate the training and deployment of their AI models. SmartEye Deputy CEO, Dr. Rana el Kaliouby, sees this as a beneficial move for both Anthropic and Amazon, highlighting how it allows Amazon Web Services to partner with other companies and introduce Anthropic's technology to those already using Amazon's data services. 'Amazon, like many other companies, was caught flat-footed by the release of ChatGPT back in November', Chris Callison-Burch, Associate Professor at the University of Pennsylvania’s School of Engineering, tells Yahoo Finance on AI investment trends, adding: 'But, I think this is a really excellent strategic move that will help them catch up.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Nissan unveils all-electric Ariya: Yahoo Finance test drivesNissan (NSANY, 7201.T) has unveiled the 2023 Ariya, its all-electric crossover SUV. Yahoo Finance's Rick Newman and Pras Subramanian highlight their experience test driving the Ariya and share their thoughts on the EV's pricing and charging range. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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FTC files antitrust suit against Amazon, alleges company operates illegal monopolyThe FTC and 17 state attorneys general filed an antitrust suit against Amazon on Tuesday, alleging the company operates an illegal monopoly.
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Amazon sued by FTC and 17 states over allegations it inflates online prices and overcharges sellersAmazon is being sued by U.S. regulators and and 17 states over allegations that the company abuses its position in the marketplace to inflate prices on other platforms, overcharge sellers and stifle competition. The lawsuit, filed Tuesday in U.S. District Court for the Western District of Washington, is the result of a years-long investigation into Amazon’s businesses and one of the most significant legal challenges brought against the company in its nearly 30-year history. According to a news r
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U.S. FTC sues Amazon for allegedly breaking antitrust law and harming consumersThe lawsuit had been expected after years of complaints that Amazon and other tech giants abused their dominance of search, social media and online retailing
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