In ruling Monday that Google has held a monopoly in internet search, U.S. judge Amit Mehta invoked the company at the center of the most famous tech antitrust case in U.S. history: Microsoft. A federal judge determined in 1999 that Microsoft had illegally used the market power of its Windows operating system to box out rival browsers, namely Netscape Navigator. A settlement in 2001 forced ...
Here’s a surprise: Disney’s media business isn’t weighing down the company anymore. The primary Disney investor narrative since 2022 has been how streaming losses, combined with a declining traditional pay TV business and a string of box office failures, have been anchoring surging sales and profits at the company’s theme parks and resorts. The result has been a company whose shares have fallen ...
Members of the main U.S. transportation regulator grilled Boeing executives Wednesday over the company’s workplace safety culture and allegations of retaliation linked to two employees who were sidelined over a January mishap involving a Boeing 737 Max 9 in which a door plug detached mid-flight. Jennifer Homendy, chair of the National Transportation Safety Board, or NTSB, directed a series of ...
Stocks slipped into the red as markets closed Wednesday, losing gains from earlier in the day as Wall Street failed to recoup losses from Monday’s massive sell-off. The Dow Jones Industrial Average fell 163 points, or 0.4%. The S&P 500 declined 0.5%, while the Nasdaq Composite dropped 0.7%. Earlier in Wednesday’s trading session, the Dow rallied more than 300 points. The broad S&P 500 and the ...
A particular type of retail fraud soars during the summer season. “Wardrobing,” in which a shopper buys an expensive item, wears it with the tags on, and then returns the product for a refund, picks up as shoppers bolster their closets for summer vacations, according to returns management software company Optoro. “During the summer and cruise season, from July to ...
The days of sneaking into Costco with someone else’s card are coming to an end. The retailer is cracking down on membership card sharing with a new policy where all cards will be scanned at store entrances. Costco said in a recent statement on its website: “Over the coming months, membership scanning devices will be used at the entrance door ...
The days of sneaking into Costco with someone else’s card are coming to an end. The retailer is cracking down on sharing membership cards with a new policy in which all cards will be scanned at store entrances. Costco said in a recent statement on its website: “Over the coming months, membership scanning devices will be used at the entrance ...
Credit card debt is on the rise. Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average balance per consumer stands at $6,329, up 4.8% year over year, according to a separate quarterly credit industry insights report from TransUnion. Credit card delinquency rates are also higher across the board, the New York Fed and TransUnion found. ...
Russia has accused Ukrainian troops of crossing the border into its Kursk region, which, if confirmed, marks the first incursion of its kind from Ukraine and puts pressure on Moscow in an area largely unaffected by the two-year war. The Russian Ministry of Defense, the Russian Investigative Committee and the Russian Ombudsman for Children all said Ukrainian forces had launched ...
Hamas’ choice of a hardline political leader did little to comfort Gazans displaced, hungry, and seeking a way out of their misery after nearly 10 months of war on Wednesday. The Palestinian militant group appointed Yahya Sinwar to lead its political bureau on Tuesday, replacing Ismail Haniyeh, who was killed in Tehran in an attack Iran blamed on Israel. Israel ...
The US State Department called allegations of sexual abuse of Palestinian detainees by Israeli soldiers “horrific” and said Israel must investigate “swiftly” and “fully,” according to a State Department spokesperson. “There ought to be zero tolerance of any sexual abuse, rape, of any detainees, period,” said State Department Spokesperson Matthew Miller at a press briefing. Israeli media obtained leaked surveillance ...
Thousands of anti-racist protesters have taken to the streets across the United Kingdom to counter a spate of far-right rallies planned to target immigration centers, seeming to thwart what looked set to be another day of rioting. After days of violence spurred by disinformation around a deadly stabbing attack, police had braced for another night of unrest on Wednesday. Far-right ...