Wednesday, 16 December 2020

Texas and nine other U.S. states sue Google for abusing market power

Texas and nine other U.S. states sue Google for abusing market power

WASHINGTON (Reuters) -Texas, backed by nine other states, filed a lawsuit against Alphabet Inc-owned Google on Wednesday, accusing it of breaking antitrust law in how it runs its online advertising business.

Google faces third antitrust lawsuit as 30 U.S. states line up one more lawsuit - source

Alphabet Inc's Google, already facing lawsuits by the U.S. Justice Department and attorneys general led by Texas, is expected to be sued for anticompetitive behavior on Thursday by another group of attorneys general, according to a source familiar with the matter.

Fed vows to buy bonds until it sees 'substantial progress' in economic recovery

WASHINGTON (Reuters) -The Federal Reserve on Wednesday promised to keep funneling cash into financial markets further into the future to fight the recession, even as policymakers' outlook for next year improved following initial rollout of a coronavirus vaccine.

Instant View: FOMC - Rates unchanged, cash to keep coming

The Federal Reserve on Wednesday promised to keep funneling cash into financial markets further into the future to fight the recession, even as policymakers' outlook for next year improved following initial rollout of a coronavirus vaccine.

Stocks mixed as COVID-19 concerns overshadow stimulus hopes

Global stock indexes were mixed on Wednesday as hopes over U.S. coronavirus relief and Brexit deals were offset by increasing concerns over the economic impact of the COVID-19 pandemic.

Amazon asks U.S. to include warehouse, grocery staff in vaccine rollout

Amazon.com Inc on Wednesday asked the U.S. government to prioritize essential workers including its warehouse, grocery store and data center staff for receipt of the COVID-19 vaccine, according to a letter seen by Reuters.

MSCI says investors do not expect Biden to change China share restrictions quickly

BOSTON/Washington (Reuters) -Investors don't expect the new administration of U.S. President-elect Joe Biden to act quickly to change new rules that bar new investment in some Chinese companies, an executive for index provider MSCI Inc told Reuters on Wednesday.

Wall Street rises as investors await stimulus deal

(Reuters) -Wall Street rose on Wednesday, with the Nasdaq hitting a record high as investors awaited a potential fiscal economic stimulus package and after the Federal Reserve repeated a pledge to keep its benchmark interest rate near zero.

U.S. calls Switzerland, Vietnam manipulators in Trump trade shot

The Trump administration labeled Switzerland and Vietnam currency manipulators on Wednesday, in another parting shot at international trading partners that could complicate matters for U.S. President-elect Joe Biden's incoming team.

Massachusetts regulator accuses Robinhood of failing to protect investors

BOSTON (Reuters) -Massachusetts securities regulators on Wednesday accused the popular online brokerage Robinhood of engaging in aggressive tactics to attract inexperienced investors and failing to prevent outages on its trading platform.

Related Videos

U.S. labels Switzerland, Vietnam currency cheats

There is a path to a Brexit deal, says EU

452x236.png
Sponsored by IBM: Looking for a new podcast?

Smart Talks is a series that brings you stories of innovation and leadership in business. Learn about cloud, AI, and more from today's top thinkers.

LISTEN NOW