Federal antitrust regulators are unlikely to pursue a Supreme Court appeal to revive their case against electronic chipmaker Qualcomm for illegal monopolization, according to an exclusive published by the Wall Street Journal. The Federal Trade Commission (FTC) filed a lawsuit alleging that Qualcomm used unlawful tactics to maintain a monopoly on cell phone chips in 2017. Two years later, [...]
Amazon is now the nation’s largest apparel retailer, according to research from Wells Fargo, fulfilling predictions from 2018. Wells Fargo estimated that Amazon’s U.S. apparel and footwear sales grew by roughly 15% in 2020, reaching more than $41 billion in sales, according to CNBC. It’s worth noting that Americans spend more money on apparel online than other household essentials, such [...]
Walt Disney's scheme for financial recovery after the covid-19 pandemic will come at a high cost for the entertainment giant's retail operation. The California-based company is closing 60 stores, or 20% of its total across North America, as reported by Consumer Affairs. Data continues to show the popularity of online shopping, especially during the holidays, is here to [...]
The Real Estate Exchange (REX) has filed a federal lawsuit in Seattle against housing giants Zillow and Trulia, accusing both companies of violating antitrust. REX argues that changes to Zillow’s website and other company practices are discriminatory against smaller companies. Its federal complaint also includes the National Association of Realtors (NAR). Zillow and its affiliate Trulia previously [...]
Prices have begun to climb for U.S. consumers as coronavirus recovery efforts continue at full steam, leading some experts to worry about inflation. The consumer price index climbed 0.4% during the month of February, according to the U.S. Bureau of Labor Statistics. The consumer price index is measured by prices that consumers pay for specific [...]
Some U.S. governors are pressuring state legislatures to pass new tax hikes to address budget shortfalls from the pandemic, according to a Wall Street Journal report. Numerous states have garnered proposals to raise billions by raising taxes on income and capital gains of high-earning individuals and families. State revenues are expected to decline as much [...]
Industry experts have said that air travel will ever be the same again, and JetBlue has taken this prediction to heart. The New York-based airline’s latest policy change will establish a new post-pandemic business model. Effective April 1, Passengers traveling Blue, Blue Extra, Blue Plus, and Mint fares will no longer be charged fees for changing or [...]
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