By Natalie DeCoste Online shopping giant Amazon has filed a request with the Federal Trade Commission (FTC) seeking the recusal of the agency’s new Chairwoman, Lina Khan, from any antitrust investigations of the company. Amazon’s request stems from Khan’s extensive history of criticisms of the Big Tech company. “Given her long track record of detailed pronouncements about [...]
By Natalie DeCoste The U.S. Treasury yields dropped this Wednesday despite stronger employment numbers for June, revealing investor doubt about the economy's future. The yield on the benchmark 10-year Treasury note fell 2.6 basis points to 1.454%, while the yield on the 30-year Treasury bond dipped 2.8 basis points to 2.068%. Yields move inverse to price, falling [...]
By Natalie DeCoste The Supreme Court handed down one of the final decisions of this term, choosing to keep the national eviction moratorium in place after a lawsuit challenged its constitutionality. On Tuesday, a divided Supreme Court denied a request to block the CDC’s eviction moratorium that prevented landlords nationwide from evicting tenants who fail to pay [...]
JPMorgan is taking the next step in the ongoing trend to take sustainability into account when investing with its acquisition of OpenInvestment. The biggest bank in America agreed to buy San Francisco-based start-up OpenInvest, a fintech company backed by Andreessen Horowitz and founded by former Bridgewater Associates employees. Under the agreement, OpenInvest will retain its brand and integrate into J.P. [...]
By Natalie DeCoste The Federal Trade Commission (FTC) hit a major setback in its efforts to break up one of Big Tech’s biggest players, Facebook, after a federal judge threw out an antitrust lawsuit brought by the FTC and 40 states. The decision by the United States District Court for the District of Columbia granted the [...]
By Natalie DeCoste The Federal Trade Commission (FTC) has ordered 7-Eleven, Inc. and Marathon Petroleum Corporation to divest hundreds of stores. 7-Eleven, Inc. and Marathon Petroleum Corporation agreed to divest hundreds of stores used to sell gasoline and diesel fuel after the FTC found that 7-Eleven’s acquisition of Marathon Speedway’s subsidiary violated federal antitrust laws. The [...]
By Natalie DeCoste Criminals have long targeted ATMs through various methods ranging from opening a front panel and sticking a thumb drive into a USB port to drilling a hole that exposes internal wiring. Now, a study revealed that ATMs are at risk from a new array of security problems. IOActive security researcher Josep Rodriquez revealed that the [...]
By Natalie DeCoste Big Tech companies have lost the first round of their fight to stop the new package of antitrust bills as the U.S. House of Representatives Judiciary Committee approved six of them. Three of the bills are aimed at the Big Tech companies specifically. The bills were debated in the House Judiciary Committee [...]
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