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Amazon shares fall as FTC sues over alleged advertising price manipulation
Proactive2d agobearish
Amazon shares fall as FTC sues over alleged advertising price manipulation

Amazon.com Inc (NASDAQ:AMZN) shares closed 2.5% lower after the US Federal Trade Commission filed a lawsuit alleging the e-commerce giant manipulated advertising prices on its platform and extracted tens of billions of dollars from businesses over seven years. The case, joined by a bipartisan...

We Asked AI What a September Rate Hike Would Do to XRP
24/7 Wall St.2d agoneutral
We Asked AI What a September Rate Hike Would Do to XRP

Hawkish Fed comments already sent XRP tumbling and wiped out hundreds of millions in leveraged positions, and an actual September rate hike could hit at the exact same moment as a critical Senate vote on crypto regulation.

FTC Lawsuit Puts Amazon’s (AMZN) High-Margin Advertising Business in Focus
Insider Monkey2d agobearish
FTC Lawsuit Puts Amazon’s (AMZN) High-Margin Advertising Business in Focus

The U.S. Federal Trade Commission, joined by 22 states, has sued Amazon.com, Inc. (NASDAQ:AMZN) over allegations that the company secretly inflated prices in its advertising auctions for more than seven years. The FTC alleges that Amazon used an undisclosed “soft reserve price” to raise the amount advertisers paid above what competitive bidding would have produced. […]

US regulator, 22 states accuse Amazon of 'manipulating' ad auctions: lawsuit
AFP2d agobearish
US regulator, 22 states accuse Amazon of 'manipulating' ad auctions: lawsuit

The US Federal Trade Commission (FTC) and 22 states sued Amazon on Monday for allegedly "manipulating" online auctions for digital advertising, resulting in more than $20 billion in overcharges for 1.2 million customers.Amazon "has secretly and systematically overcharged its approximately 1.2 million advertising customers by manipulating the 'auctions' that it uses to set the price of ads on its platform," says the complaint, filed in a federal court in Washington state.

Federal Trade Commission and 22 states sue Amazon over inflated advertising prices
Associated Press2d agobearish
Federal Trade Commission and 22 states sue Amazon over inflated advertising prices

The Federal Trade Commission and 22 states filed a lawsuit against online retailer Amazon on Monday claiming that it defrauded advertising customers. The lawsuit, filed in the U.S. District Court in the Western District of Washington, claims that Amazon overcharged 1.2 million advertising customers by misleading them on prices for online auctions for ads. The complaint says Amazon said it was offering competitive prices on several ad products when it was actually inflating auction prices.

U.S. Stocks Fall as Iran War Inflation Heats Up
The Wall Street Journal2d agobearish
U.S. Stocks Fall as Iran War Inflation Heats Up

FINANCE U.S. stocks fell as renewed hostilities between the U.S. and Iran near the Strait of Hormuz caused oil prices and long-term Treasury yields to rise. The Dow Jones Industrial Average fell 374.

Pfizer (PFE) Reaches Confidential Settlement In Depo Provera Litigation
Simply Wall St.2d agoneutral
Pfizer (PFE) Reaches Confidential Settlement In Depo Provera Litigation

Pfizer (NYSE:PFE) has reached a confidential settlement covering federal lawsuits over its Depo-Provera contraceptive and alleged intracranial meningioma risk. The agreement reportedly addresses more than 6,000 cases, with financial terms not disclosed and no admission of liability by Pfizer. The resolution closes a multi year legal overhang tied to Depo-Provera and brings clarity to a significant product liability dispute. This kind of large scale legal settlement can shift how investors...

Amazon Shares Slip as FTC Lawsuit Looms
The Wall Street Journal2d agobearish
Amazon Shares Slip as FTC Lawsuit Looms

Shares of Amazon dropped about 3% in afternoon trading and were recently on pace for their largest percent decrease since July 23, when they fell 4.6%. The Wall Street Journal reported today that the Federal Trade Commission plans to file a lawsuit against the e-commerce giant, alleging it manipulated prices to deceive advertisers into paying higher prices to promote their products.

4 Battle-Tested Consumer Staples Stocks That Keep Raising Their Dividends
24/7 Wall St.2d agoneutral
4 Battle-Tested Consumer Staples Stocks That Keep Raising Their Dividends

Some dividend stocks fold the moment a recession hits, but four consumer staples names kept raising their payouts straight through a housing collapse and a global lockdown without missing a beat. The question now is whether their current yields and margins make them worth owning before the next ugly year arrives.