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The Cheap Investor

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Amazon duped millions of consumers into enrolling in Prime, US FTC says

The Cheap InvestorJune 21, 2023June 21, 20230

By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Trade Commission on Wednesday accused Amazon.com of enrolling millions of consumers into…

  • Business
  • Economy

Telecom Italia sounds out buyers for stake in enterprise unit -Bloomberg News

The Cheap InvestorJune 21, 2023June 21, 20230

(Reuters) – Telecom Italia is restarting its efforts to sell a minority stake in its enterprise unit, potentially valued at…

  • Business
  • Economy

Powell: Half-point of additional hikes a ‘good guess’ of policy outcome

The Cheap InvestorJune 21, 2023June 21, 20230

By Howard Schneider WASHINGTON (Reuters) -Further Federal Reserve rate increases are “a pretty good guess” of where the central bank…

  • Business
  • Technology

Tech companies including Google gripe about unfair cloud practices

The Cheap InvestorJune 21, 2023June 21, 20230

(Reuters) -Technology trade groups as well as Alphabet’s Google have griped to the Federal Trade Commission about allegedly unfair business…

  • Business
  • US

Activist investor Elliott seeks ouster of NRG CEO – WSJ

The Cheap InvestorJune 21, 2023June 21, 20230

(Reuters) -Activist investor Elliott Investment Management is increasing pressure on NRG Energy and seeking to oust its CEO Mauricio Gutierrez,…

  • Business
  • US

US lawmakers urge FTC to finalize new consumer protections for car buyers

The Cheap InvestorJune 21, 2023June 21, 20230

By David Shepardson WASHINGTON (Reuters) -A group of 17 Democratic U.S. lawmakers on Wednesday urged the Federal Trade Commission to…

  • Asia
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US Senate panel invites PGA Tour commissioner, LIV CEO to testify on merger

The Cheap InvestorJune 21, 2023June 21, 20230

By David Shepardson WASHINGTON (Reuters) – A U.S. Senate panel on Wednesday invited PGA Tour Commissioner Jay Monahan, Saudi Arabia’s…

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  • Economy

Wall Street extends sell-off as Powell hints at further rate hikes

The Cheap InvestorJune 21, 2023June 21, 20230

By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed lower on Wednesday as Federal Reserve Chairman Jerome Powell’s congressional…

  • Business
  • US

Alaska Airlines CEO ‘anxious’ for Boeing 737 MAX 10 deliveries

The Cheap InvestorJune 21, 2023June 21, 20230

By David Shepardson WASHINGTON (Reuters) -Alaska Airlines is “anxious” to begin taking deliveries of the larger Boeing 737 MAX 10…

  • Business
  • Economy

Bitcoin eyes third straight day of gains after touching two-month high

The Cheap InvestorJune 21, 2023June 21, 20230

(Reuters) – Bitcoin rallied for a third straight day after hitting its highest level since mid-April, boosted by BlackRock’s plan…

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