WASHINGTON (Reuters) -A U.S. judge hearing the Justice Department's antitrust lawsuit accusing Google of unlawfully maintaining monopolies in the internet search market let stand key claims made by the federal government. Google, a unit of Alphabet, had asked for summary judgment on all the government's claims in the case. U.S. Judge Amit Mehta, in a decision made public in Washington on Friday, granted Google's request on some grounds but allowed the remainder of the claims to proceed to trial next month...
Continue ReadingA U.S. judge hearing the Justice Department's lawsuit against Alphabet's Google alleging it broke antitrust law in search let stand key claims made by the government. Google had asked for summary judgment on all the government's claims. U.S. Judge Amit Mehta in a decision made public on Friday granted Google's request on some narrow grounds but allowed the remainder of the claims to proceed to trial next month...
Continue ReadingIn today's top stories related to Alphabet Inc. (NASDAQ: GOOG), we delve into regulatory challenges and a promising partnership in the healthcare sector. Regulatory Hurdles: Agence France-Presse (AFP) has initiated legal proceedings against Elon Musk's X social media platform, previously known as Twitter, accusing it of neglecting to negotiate potential compensation for the distribution of AFP's content. This lawsuit underscores the regulatory risks that Alphabet faces regarding content moderati...
Continue ReadingGoogle will now alert people when their personal information appears online – and make it easier to get it removed. New rules on personal explicit images mean that users will be able to request that explicit images of themselves are taken down from search results. The same policy applies to personal information generally...
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Continue ReadingWall Street Journal UAW Demands Significant Wage Increases For Factory Workers At GM, Ford, And Stellantis The United Auto Workers (UAW) union is reportedly pressing the Detroit car companies to give its factory workers a 40% pay hike in the next labor contract. The union conveyed this demand to the automakers this week, along with a list of other items it plans to push for at the bargaining table. The UAW is negotiating new four-year labor agreements for around 150,000 hourly workers at General...
Continue Reading(Bloomberg) -- Cloud services companies are rallying as earnings reports suggest the wave of spending cuts that had hammered the industry are starting to subside.Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Faces Longest Sales Drop in Decades as iPhone SlumpsQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapStocks Rise, Bond Yields Fall After Mixed Jobs: Markets WrapAmazon.com Inc. on Thur...
Continue ReadingGoogle owner Alphabet reduced its stake by nearly 90%. Wood bought shares through three of her ARK funds...
Continue ReadingAmazon.com Inc (NASDAQ: AMZN) reported blowout profits, topping sales estimates and issuing strong guidance. The latest results included the titan's biggest earnings beat since its 2020's fourth quarter as it successfully returned to double-digit growth. Unsurprisingly, Amazon stock rose went up more than 10% in extended trading, rising 52% year to date, Apple Inc (NASDAQ: AAPL) who also reported its fiscal third quarter results also topped both top and bottom-line estimates thanks to its servic...
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