A bipartisan group of senators led by Utah Republican Mike Lee introduced legislation Thursday that would take aim at conflicts of interest in the advertising technology industry and force Google to break up its dominant online-ad business. The bill, co-sponsored by Sens. Ted Cruz (R., Texas), Amy Klobuchar (D., Minn.) and Richard Blumenthal (D., Conn.), …
GOP-Led Legislation Would Force Breakup of Google’s Ad Business Read More »
During a year in which more than half of the stocks in the S&P 500 Index have declined 10% or more, you have probably seen the term “oversold” being bandied about. But what does oversold really mean? It means you think a stock has dropped too much, based on some quality you expect to fuel …
Companies which saw substantial growth during the Covid-19 pandemic are starting to take a more cautious approach toward hiring and spending. SHARE YOUR THOUGHTS What is your outlook for the jobs market? Join the conversation below. Still, last week’s jobs report showed the labor market continued growing rapidly. And many businesses have struggled to fill …
The Companies Cutting Staff, Freezing Hiring or Slashing Costs: See the List Read More »
Nearly three years ago, when the Justice Department and Federal Trade Commission launched probes into the business practices of Big Tech, antitrust experts and legal talking heads declared a new age in enforcement and a chastening of unbridled financial power. But a pandemic and countless bill markups later — amid feverish lobbying efforts by Apple …
The clock is running out for Congress to pass Big Tech antitrust bills this year Read More »
This looks like a hole you could drive a Cybertruck through, but Wall Street is rightfully wary. Elon Musk’s agreement to buy Twitter TWTR -2.97% for $54.20 a share is leaving a lot of money on the table for anybody willing to ride his coattails. The social-media company’s shares are currently about 12% below the …
The biggest cryptocurrency exchange in the U.S. said it was bleeding users, reflecting continued destruction in the crypto market and investors’ unease about risky assets. Coinbase Global Inc. COIN -12.60% said Tuesday that it lost hundreds of millions of dollars in the first quarter, sending the stock tumbling in after-hours trading. Following the after-market report, …
Coinbase Stock Keeps Sliding After Earnings Report Read More »
The most punishing market selloff in years showed no signs of abating Monday, with U.S. stock indexes sliding to new lows for 2022 and other assets, like oil and bitcoin, tumbling as well. Few believe a recession is imminent. The labor market has continued to add jobs at a rapid clip. Wages are climbing, and …
Stocks Slide to Lowest in 2022 as Rout Continues Read More »
Jittery investors are pouring money into exchange-traded funds tied to defensive sectors, seeking safety in a market that continues to be whipsawed by worries about rising interest rates. Net inflows into defensive ETFs—or those related to the consumer staples, healthcare, utilities and real-estate sectors, along with precious metals, Treasurys and commodities—have totaled $50 billion this …
Investors Rush Into Defensive ETFs as Market Turbulence Grows Read More »
