(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * S&P 500 falls over 10% from its record closing high on Jan 3 * Kohl’s surges as Sycamore, Acacia show takeover interest * Information Technology top S&P 500 sectoral loser * Indexes drop: Dow 3.15%, S&P 3.9%, Nasdaq 4.8% (Adds comment, details; updates prices) By Devik Jain and Bansari Mayur Kamdar Jan 24 (Reuters) – U.S. stock indexes plunged on Monday, with the S&P 500 on course to… Source link

Jon Stewart and Jeff Bezos.Zach Gibson/Getty Images; Mark Ralston/AFP/Getty Images Jon Stewart once told Jeff Bezos that his vision for the economy was a “recipe for revolution.” Stewart said during a recent podcast episode that President Barack Obama agreed. In recent years, Amazon employees have gone on strike, filed lawsuits, and attempted to unionize. Jeff Bezos’ vision for the future has made him one of the richest people, but the comedian Jon Stewart sees it as a “recipe for revolution”… Source link

The District of Columbia and three states sued Google on Monday, claiming that the tech giant deceived consumers to gain access to their location data. In separate lawsuits, the attorneys general of D.C., Texas, Washington and Indiana claimed that Google misled users of Android phones and of tools like Google Maps and its search engine by continuing to track location information of users who had changed privacy setting to prevent the data collection. Karl A. Racine, the attorney general for… Source link

Attorneys general from the District of Columbia and three states sued Google on Monday, claiming the search giant misled consumers to gain access to their location data. The lawsuits from D.C., Indiana, Texas and Washington allege Alphabet Inc.’s Google GOOGL, -4.18% GOOG, -3.88% deceived users from at least 2014 to 2019 by leading them to believe that turning off “location history” settings would stop tracking… Source link

By Jonnelle Marte    (Reuters) – U.S. consumers expect their monthly spending to grow above pre-pandemic levels this year but people are becoming less likely to spend big on vacations and other non-essential items – a sign that more households may be more concerned about rising prices, according to a survey released Monday by the New York Federal Reserve.    The survey showed that consumers expect to spend more on daily living expenses in the coming year. But it also showed that… Source link

Washington, D.C., and two states filed new lawsuits against Alphabet Inc.’s GOOG -2.15% Google, accusing it of deceiving consumers by recording their location even after users tried to turn off the company’s tracking. Google falsely told customers that if they opted out of collection of their “Location History” or other settings, Google wouldn’t store the places they went, according to a lawsuit… Source link

With inflation at a near 40-year high, the biggest corporations are cashing in “on the backs of the American people,” by crimping competition and raising prices, said Senator Mark Kelly (D, AZ). In Kelly’s home state of Arizona, its largest cities saw cost pressures outpace the national average last year, with inflation rising 9.7% last year in the Phoenix metro area, compared to 7%, according to data from the Bureau of Labor Statistics. “We’re at full employment [in Arizona] right now …… Source link

Attorneys general in Washington, D.C., Texas, Indiana and Washington state are suing Google for allegedly deceiving consumers to obtain their location data. Driving the news: The lawsuit alleges that Google uses “dark patterns, including repeated nudging, misleading pressure tactics, and evasive and deceptive descriptions of location features and settings, to cause users to provide more and more location data (inadvertently or out of frustration).” Our thought bubble, via Axios’ Ashley Gold:… Source link

Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. FABRICE COFFRINI | AFP | Getty Images Four attorneys general are suing Google for allegedly misleading users about when the company was able to track their location. The bipartisan group of attorneys general from the District of Columbia, Indiana, Texas and Washington allege in separate lawsuits filed Monday that Google deceived users from at least 2014 to 2019 by… Source link

Stocks renewed declines Monday as investors looked ahead to a busy week of corporate earnings results, economic data and a Federal Reserve monetary policy-setting meeting after an already volatile stretch of trading. The S&P 500 and Nasdaq each dropped more than 2%, while the Dow fell by more than 1.5%. During intraday trading, the S&P 500 was off by more than 10% from its record closing high from Jan. 3, putting it on track to enter a correction. And the Nasdaq Composite fell further into a… Source link