(Reuters) -Alphabet’s Google plans to appeal against the “adverse” portion of the court decision in the U.S. Department of Justice’s monopoly case against the technology giant. On Thursday U.S. District Judge Leonie Brinkema found Google liable for “willfully acquiring and maintaining monopoly power” in markets for publisher ad servers and ad exchanges. Publisher ad servers…
By Douglas Gillison WASHINGTON (Reuters) -A federal judge on Friday halted the mass firings carried out Thursday afternoon at the U.S. Consumer Financial Protection Bureau, saying she was deeply concerned that the Trump administration had violated court orders setting conditions on dismissals. On Thursday, the agency fired between 1,400 and 1,500 workers, eliminating as much…
By Andrea Shalal WASHINGTON (Reuters) -White House economic adviser Kevin Hassett said on Friday President Donald Trump and his team were studying the matter when asked if firing Federal Reserve Chair Jerome Powell was an option, an indication that a matter of great consequence for the central bank’s independence and for global markets remained under…
SAN FRANCISCO (Reuters) -A U.S. judge’s ruling that Google has illegal monopolies in ad technology sets up the possibility of U.S. prosecutors seeking a breakup. Here’s what the case involves and what Google owner Alphabet faces from here. WHAT IS THIS ABOUT? The most important thing is what this is not about: this is not…
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Trump is Fed up If Federal Reserve Chair Jerome Powell was cautious and mildly hawkish in his outlook for U.S. monetary policy on Wednesday, European Central Bank President Christine Lagarde was bold and…
By Carolina Mandl NEW YORK (Reuters) – The media company majority owned by President Donald Trump, Trump Media & Technology Group, said on Thursday it had asked the U.S. Securities and Exchange Commission (SEC) to investigate a recent short position in its stocks. Hedge fund Qube Research & Technologies disclosed a roughly $105 million short…
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Netflix exceeded Wall Street’s quarterly earnings expectations and offered a bullish revenue outlook on Thursday, signaling confidence amid the economic uncertainty surrounding President Donald Trump’s erratic tariff plans. Shares of the company rose 4.4% in after-hours trading to $1,016.55. The streaming giant also said its co-founder…
(Reuters) – Video-conferencing platform Zoom Communications services were down for thousands of users on Wednesday, according to outage tracking website Downdetector.com. Users reported interruptions accessing the Zoom web portal, as well as the application. Some users also reported login issues. “We continue to investigate the domain name resolution issues on the zoom.us domain that is…
(Reuters) – American chipmaker Intel has informed Chinese clients it will start needing a license to sell some of its advanced artificial intelligence processors, the Financial Times reported on Wednesday. The news comes a day after Nvidia warned of a $5.5 billion hit as Washington restricted exports of its AI processor tailored for China. Dutch…
By Kalea Hall, Nora Eckert and Utkarsh Shetti (Reuters) – Ford Motor may raise prices on its new vehicles if U.S. President Donald Trump’s auto tariffs continue, according to a memo sent to dealers on Wednesday that was reviewed by Reuters. The Dearborn, Michigan, automaker offered deep discounts across its lineup starting earlier this month…
