They sit parked in megalots all across North America — next to a big stone quarry in Troy, Missouri, by an auto assembly plant in Silao, Mexico, and filling the vast parking areas outside the Kentucky Motor Speedway near Owensboro. Tens of thousands of bright, shiny, never-been-driven Ford (F) and GM (GM) trucks and SUVs. They appear to be ride ready, but they aren’t. Buyers are lined up to buy them, but they can’t. The problem, as you might have guessed, is the vehicles have no… Source link
Read More »What stock market history tells us about corporate tax hikes: Morning Brief
TipRanks 3 “Strong Buy” Stocks Under $10 That Are Poised to Take Off COVID is receding, and markets are rising; those are the two trends that investors have most on their minds right now. It’s entirely sensible that they’ll go together. As the economy reopens, money will begin to circulate faster – and find its way in the equity market. With economic conditions improving, investors are on the lookout for the best returns in an expansionary environment. One natural place for them to… Source link
Read More »Governments need more money to fight Google antitrust cases, lawyer tells Congress
Google CEO Sundar Pichai testifies before the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law during a hearing on “Online Platforms and Market Power” in the Rayburn House office Building on Capitol Hill, in Washington, U.S., July 29, 2020. Mandel Ngan/Pool via REUTERS The power of Big Tech to tamp down potential business rivals stretches all the way into the courtroom, a leading antitrust attorney testified before the House Judiciary Subcommittee on Antitrust on… Source link
Read More »Google judge tells lawyers to figure out document dispute
WASHINGTON (Reuters) – A federal judge hearing a U.S. government antitrust case against Google on Thursday urged the lawyers to work out a complicated dispute on pre-trial document production among themselves. FILE PHOTO: The Google sign is shown on one of the company’s office buildings in Irvine, California, U.S., October 20, 2020. REUTERS/Mike Blake The Justice Department has been pushing Alphabet’s Google to produce documents on a long list of topics related to its lawsuit, which… Source link
Read More »Google judge tells lawyers to figure out document dispute
WASHINGTON (Reuters) – A federal judge hearing a U.S. government antitrust case against Google on Thursday urged the lawyers to work out a complicated dispute on pre-trial document production among themselves. FILE PHOTO: The Google sign is shown on one of the company’s office buildings in Irvine, California, U.S., October 20, 2020. REUTERS/Mike Blake The Justice Department has been pushing Alphabet’s Google to produce documents on a long list of topics related to its lawsuit, which… Source link
Read More »Google judge tells lawyers to figure out document dispute
WASHINGTON (Reuters) – A federal judge hearing a U.S. government antitrust case against Google on Thursday urged the lawyers to work out a complicated dispute on pre-trial document production among themselves. The Justice Department has been pushing Alphabet’s Google to produce documents on a long list of topics related to its lawsuit, which accuses the company of breaking antitrust law in its search and search advertising businesses. Google has balked at some of the production, describing… Source link
Read More »What the SPAC frenzy tells us about the market and ourselves
As Wall Street flits from one craze to the next; GameStop (GME), Bitcoin (BTC-USD) and now SPACs, the message is clear. If only we could act upon it. As a way of looking into this ongoing mania of mini-manias, I’ve turned my attention to the latest boom, SPACs, once a quirky, backwater of a security, now all the rage. Let’s start with Kap, who has a SPAC. That being former San Francisco 49ers quarterback, Colin Kaepernick—famous for taking a knee during the national anthem—who has… Source link
Read More »The housing market tells the whole story: Morning Brief
Thursday, January 14, 2021 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Cities and suburbs diverging, housing market edition. On Wednesday morning, we covered the diverging fortunes of cities and suburbs as seen through the lens of national burger chain Shake Shack (SHAK). And then on Wednesday afternoon, the Federal Reserve’s latest Beige Book report offered another way to see the urban/suburban economic divide. And that is through the… Source link
Read More »Stop partying or we may go back into lockdown, regional chief tells young Catalans
BARCELONA (Reuters) – Young Catalans should stop partying to help halt a surge in new coronavirus cases or local authorities may have to reimpose harsh restrictions, the leader of the northeastern Spanish region said on Monday. Catalonia is at the heart of a rebound in coronavirus cases in Spain that started after a nationwide lockdown was lifted last month. France has asked its citizens not to travel there and Germany and Belgium have done the same for part of the region. “If we continue with… Source link
Read More »India tells US that digital tax on Google, Amazon isn’t biased
India’s decision to levy a tax on companies offering digital services in the country is not aimed at any particular country and the decision will not be reconsidered, people with knowledge of the matter said. The decision has been conveyed to the U.S. trade department, which had initiated a probe alleging the South Asian nation was targeting companies such as Amazon.com Inc., Facebook Inc. and Alphabet Inc.’s Google, the people said asking not to be identified citing… Source link
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