BusinessEntertainment and Lifestyle 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…
BusinessEconomy 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…
BusinessEconomy 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…
BusinessTechnology 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…
BusinessUS 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,…
BusinessUS 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…
AsiaBusiness 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…
BusinessEconomy 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…
BusinessUS 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…
BusinessEconomy 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…