Amazon (AMZN) is facing an antitrust lawsuit from the FTC over allegations of abusing its position in the digital market space to boost prices and promote its products over third-party sellers. Main Street Research CIO James Demmert joins Yahoo Finance to give insight into how investors should be eyeing Amazon shares after these recent developments. Demmert explains that this isn't the first time regulators have gone after a large corporation and that these types of lawsuits can 'take months, if not years to resolve themselves.' Demmert also notes the buying opportunity this presents for investors 'on the weakness of this stock, and the weakness of this market.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Northwest Healthcare stock has plummeted 41% so far this year on concerns over its financial health as interest rates shot higher. The post Is Northwest Healthcare Stock Oversold? appeared first on The Motley Fool Canada.NEW YORK — Wall Street’s September swoon accelerated, knocking stocks down to their lowest levels since June. The S&P 500 fell 1.
5% Tuesday, its fifth drop in six days. The Dow lost 388 points and the Nasdaq composite gave back 1.6%. Stocks have tumbled this month, which is on track to be their worst of the year, as the realization sets in that the Federal Reserve will keep interest rates high for a long time as it tries to get inflation lower. Treasury yields inched higher following a mixe
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FTC’s suit against Amazon, Biden visits autoworkers: Yahoo Finance LiveThe FTC, along with 17 states, has filed an antitrust lawsuit against Amazon, alleging that the tech giant used its “monopoly power” to inflate prices, which has harmed consumers. Meanwhile, President Biden visited UAW members who are still striking against the Big Three automakers, Ford (F), General Motors (GM), and Stellantis (STLA). Other trending tickers on Yahoo Finance today include Fisker (FSR), Sirius XM Holdings (SIRI), and Rivian (RIVN).3:05 p.m. ET - Mozelle Thompson, Former FTC Commissioner 3:35 p.m. ET - Michael Linford, Affirm CFO3:45 p.m. ET - Ann Berry, Threadneedle Strategies Founder4:05 p.m. ET - Senator Ron Johnson (R- Wisconsin)4:20 p.m. ET - Dr. Zeke Emanuel, Vice Provost for Global Initiatives at The University of Pennsylvania and Chair of the Department Of Medical Ethics and Health Policy
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What Amazon's up to $4B commitment to Anthropic could mean for AI spaceAmazon (AMZN) has made an investment in the AI firm Anthropic, announcing their willingness to commit up to $4 billion this morning. Anthropic will utilize Amazon's Web Services (AWS) along with their custom chips to facilitate the training and deployment of their AI models. SmartEye Deputy CEO, Dr. Rana el Kaliouby, sees this as a beneficial move for both Anthropic and Amazon, highlighting how it allows Amazon Web Services to partner with other companies and introduce Anthropic's technology to those already using Amazon's data services. 'Amazon, like many other companies, was caught flat-footed by the release of ChatGPT back in November', Chris Callison-Burch, Associate Professor at the University of Pennsylvania’s School of Engineering, tells Yahoo Finance on AI investment trends, adding: 'But, I think this is a really excellent strategic move that will help them catch up.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Nissan unveils all-electric Ariya: Yahoo Finance test drivesNissan (NSANY, 7201.T) has unveiled the 2023 Ariya, its all-electric crossover SUV. Yahoo Finance's Rick Newman and Pras Subramanian highlight their experience test driving the Ariya and share their thoughts on the EV's pricing and charging range. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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U.S. dollar remains strong despite potential shutdownThe U.S. dollar index (DX-Y.NYB) has shown a 5% increase over the last 2 months despite the Federal Reserve's recent interest rate announcement, a looming government shutdown, and increased geopolitical tensions. Former U.S. Vice President Mike Pence (R) joined Yahoo Finance to outline his disagreements with The Fed and recent economic policies from the Biden administration. Yahoo Finance's Jared Blikre breaks down the comments made by the former vice president and how the dollar is performing despite economic headwinds. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Amazon faces FTC antitrust suit alleging anticompetitive practicesFederal Trade Commission (FTC) officials have filed an antitrust lawsuit against online retailer Amazon (AMZN), citing the marketplace's anticompetitive practices of promoting its own products over third-party sellers. Yahoo Finance's Dan Howley and Alexis Keenan break down the claims made by the FTC and 17 states and how this could impact Amazon's status as an 'online superstore.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Pence ‘jettisoning’ most popular elements of Trump’s agenda: StrategistIn an exclusive interview with Yahoo Finance Live, Former U.S. Vice President Mike Pence (R) moved to differentiate himself from Former President Donald Trump. Former Obama Strategist Chai Komanduri and Lanhee Chen, the Hoover Institution's David and Diane Steffy Fellow in American Public Policy Studies, join Yahoo Finance Live to react to Pence’s comments. 'The unfortunate thing for Mike Pence is he’s jettisoning the most popular elements of Donald Trump’s agenda, his economic populism, and elevating the least popular elements,' Komanduri says. '[It's] odd [that Pence has] chosen to fight Donald Trump on the things that people liked the most about him among the Republican base, and not necessarily the things that people like the least about him.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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