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GOP-Led Legislation Would Force Breakup of Google’s Ad Business

GOP-Led Legislation Would Force Breakup of Google’s Ad Business

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.), …

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15 stocks that have fallen at least 33% but by these measures are still standouts in their sectors

15 stocks that have fallen at least 33% but by these measures are still standouts in their sectors

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 …

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The Companies Cutting Staff, Freezing Hiring or Slashing Costs: See the List

The Companies Cutting Staff, Freezing Hiring or Slashing Costs: See the List

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 …

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The clock is running out for Congress to pass Big Tech antitrust bills this year

The clock is running out for Congress to pass Big Tech antitrust bills this year

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 …

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Coinbase Stock Keeps Sliding After Earnings Report

Coinbase Stock Keeps Sliding After Earnings Report

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, …

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Investors Rush Into Defensive ETFs as Market Turbulence Grows

Investors Rush Into Defensive ETFs as Market Turbulence Grows

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 …

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