Fed Chair Jerome Powell testified in front of Congress today. Bitcoin prices topped $30,000. Amazon Prime Day pushes promotions weeks ahead of the sale, as competitors swoop in with their own deals. Yahoo Finance Live takes a look back at some of the day's top stories...
Continue ReadingFor many individuals, Amazon has become synonymous with online shopping. Shoppers with a wish list they need quickly fulfilled will head to Amazon to start placing an order. Amazon offers competitive.....
Continue ReadingAmazon and Target have announced their big sales events will be occurring at the same time. Amazon's Prime Day sales will happen on July 11-12, while Target's Circle Week will occur on July 9-15. The Yahoo Finance Live team breaks down why these sales are such a big deal both to the companies and the economy...
Continue ReadingPeloton stock was initiated at Underperform at Wolfe Research, Tesla CEO Elon Musk said the electric-vehicle maker will be expanding into India 'as soon as humanly possible,' and sales slumped at Winnebago...
Continue ReadingMarkets finished Wednesday in the red as investors digested [hawkish commentary from Federal Reserve Chairman Jerome Powell](https://www.barrons.com/articles/jerome-powell-speech-testimony-today-ed2b122b?mod=hp_LEAD_2) before the U...
Continue ReadingNeil Chilson, former FTC chief technologist, Jessica Melugin, CEI Center for Technology and Innovation director, and Americus Reed, Wharton School of Business professor, join 'Last Call' to discuss the FTC's lawsuit against Amazon and its Prime enrollment practices...
Continue ReadingRay Dalio's bubble indicators are flashing ~ Retail investors are very long tech. Learn why AI may benefit some tech stocks and be a problem for others...
Continue ReadingThe new lawsuit from the FTC is the latest US crackdown on an American tech giant...
Continue ReadingThe US Federal Trade Commission has sued Amazon, accusing it of duping customers into signing up for its Prime service without their consent and “sabotaging” efforts to undo their subscriptions. The FTC said in the heavily redacted complaint filed on Wednesday that Amazon had used “manipulative, coercive, or deceptive user-interface designs known as ‘dark patterns’ to trick consumers into enrolling in automatically-renewing Prime subscriptions.” Lina Khan, FTC chair, said in a statement: “Amazon tricked and trapped people into recurring subscriptions without their consent, not only frustrating users but also costing them significant money.”...
Continue ReadingOn Tuesday, FedEx Corporation (NYSE: FDX) posted its fiscal 2023 fourth-quarter results with shares falling 3.1% in premarket trading on Wednesday, after a revenue miss and weak profit guidance due to a continuously weakening demand and cost inflation pressures. What’s even more concerning is the United Parcel Service Inc (NYSE: UPS) strike in the air that would be the largest single-employer strike in US history. All in all, it is certainly not the best time to be in the shipping business with...
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