Landmark Google trial opens with sweeping DOJ accusations of illegal monopolization
US prosecutors opened a landmark antitrust trial against Google on Tuesday with sweeping allegations that for years the company intentionally stifled competition challenging its massive search engine, accusing the tech giant of spending billions to operate an illegal monopoly that has harmed every computer and mobile device user in the United States.
2023-09-12 23:20
Putin lauds 'excellent' economic ties with China. Here's how they've grown
Economic relations between Moscow and Beijing have become very strong, Russia's president said Tuesday, a year and half after sweeping sanctions dramatically curtailed ties with the West.
2023-09-12 22:54
Poverty rate jumps in 2022 after end of enhanced child tax credit
The share of Americans, particularly children, in poverty rose significantly last year, in part because Congress did not renew a Covid-19 pandemic enhancement to the child tax credit, according to Census Bureau data released Tuesday.
2023-09-12 22:49
This week's US inflation data is very important. Here's why
Markets hate uncertainty, and there's a lot of it this fall: The United Auto Workers union may strike on Friday, the federal government is heading toward another potential shutdown in October, geopolitical tensions with China remain heightened and oil prices could stay elevated through December. There's also the looming question about whether the Federal Reserve will hike interest rates again.
2023-09-12 20:55
McDonald's is getting rid of self-serve soda machines
McDonald's is getting rid of one its biggest perks.
2023-09-12 19:59
How 500 votes made Shawn Fain one of America's most important people
Shawn Fain is one of the most important people in the US economy today. A year ago, almost no one knew who he was.
2023-09-12 19:21
Alibaba's new CEO embraces AI and wants a younger management team
Alibaba Group will embrace artificial intelligence (AI) and promote younger people to senior management, its new CEO says, as the e-commerce and cloud giant tackles its most ambitious restructuring in its history.
2023-09-12 17:47
Why 'Middle-class Joe' Biden may need upscale voters more than ever in 2024
Throughout his political career, President Joe Biden has unfailingly presented himself as a product -- and champion -- of the middle class.
2023-09-12 12:16
UAW president says auto strike would hurt mostly 'billionaire class'
United Auto Workers President Shawn Fain denied Monday the broad economy will be hurt if his union goes on strike against the nation's three unionized automakers as soon as this week, saying the only ones that will be hurt by a work stoppage is are the "billionaire class."
2023-09-12 09:28
Sarah Burton, who designed Kate's royal wedding dress, to step down from Alexander McQueen
The fashion designer who created the wedding dress of Kate Middleton, Princess of Wales, is stepping down as creative director at Alexander McQueen after two decades at the brand, luxury group Kering said
2023-09-12 08:49
Spicy food challenges have a long history. Have they become too extreme?
A tortilla chip maker’s decision to pull its extremely spicy product sold as a “One Chip Challenge” from store shelves following the death of a Massachusetts teen has renewed attention on the popularity — and risks — of similar dares marketed by brands and spread widely online
2023-09-12 05:20
DraftKings apologizes for 9/11-themed 'Never Forget' parlay bet
The wager, bearing the title "Never Forget," was a parlay bet that the New York Mets, New York Yankees, and New York Jets would win their respective games on September 11. DraftKings apologized and said it respects the "significance of this day."
2023-09-12 04:57