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Australia sues Amazon unit over alleged breach via Prime Video ads
Reuters39d agoneutral
Australia sues Amazon unit over alleged breach via Prime Video ads

Australia's competition regulator said on Tuesday it has taken Amazon's ‌Australian unit to court, alleging its ‌Prime subscription contracts contained unfair terms that allowed the ​company to add advertising to Prime Video. The Australian Competition and Consumer Commission (ACCC) alleged that between November 2023 and August 2025, Amazon Australia ‌used unfair Prime ⁠contract terms to make negative changes for over 1 million annual ⁠subscribers without offering compensation. After July 2024, subscribers who wanted to maintain ad-free streaming had ​to pay ​an additional A$2.99 ​per month.

Google and Tesla Wrap Up a Magnificent Day
The Wall Street Journal39d agoneutral
Google and Tesla Wrap Up a Magnificent Day

It was a good day for the Magnificent Seven—at least some of them. Tesla stock ended Monday's session up 8.5%, perhaps riding the coat tails of SpaceX, which was up 7.1%. The two Elon Musk companies are tightly linked, jointly developing a chip fabrication complex in Texas.

What Could Push META Stock Higher From Here?
Trefis39d agoneutral
What Could Push META Stock Higher From Here?

While the core ad business commands attention, a smaller segment is quietly compounding. The Family of Apps Other revenue line grew 74 percent last quarter. This growth is driven by WhatsApp's paid messaging and subscriptions, signaling that a new monetization engine is coming online.

Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech
Reuters39d agoneutral
Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech

Alphabet shares climbed on Monday as the Google parent made its debut in the blue-chip Dow Jones ‌Industrial Average, replacing Verizon Communications, and immediately ranking among its ‌most influential members. • Its shares rose 3.7% to $350.24, offering one of the biggest boosts ​to the 30-member Dow. • The company replaced Verizon on the index, S&P Dow Jones Indices said in an announcement on June 23.

Invesco’s SPHD Pays 4.57% While the S&P 500 Pays 0.98%, And It Is Up This Year Without the Tech Bubble Risk
24/7 Wall St.39d agoneutral
Invesco’s SPHD Pays 4.57% While the S&P 500 Pays 0.98%, And It Is Up This Year Without the Tech Bubble Risk

Due to the attention given to their trillion dollar market caps and preoccupation with A.I., the Magnificent 7 stocks (Apple, Amazon, Alphabet/Google, Meta Platforms/Facebook, Nvidia, Microsoft, and Tesla) often make people forget that there are 493 other stocks in the S&P 500 worth investors’ consideration. Case in point: investors seeking a combination of income ... Invesco’s SPHD Pays 4.57% While the S&P 500 Pays 0.98%, And It Is Up This Year Without the Tech Bubble Risk