The contrasting lines of questioning illustrated what antitrust experts claim is the case’s core legal issue: How Judge Yvonne Gonzalez Rogers, who is presiding over the trial, defines the relevant market — which is essential in proving whether a monopoly exists in a market.
Boston Fed President Eric Rosengren said Wednesday that higher U.S. inflation over the next few months should be temporary — just as the shortage of toilet paper last year
Cathie Wood’s ARK Innovation exchange-traded fund is significantly oversold and due for a bounce, but if it doesn’t come the popular fund risks suffering a “waterfall” decline, says one chart watcher.
PayPal Holdings Inc. saw a record amount of volume flow through its platform in the first quarter as the e-commerce wave continued even amid the gradual reopening of the in-person economy.
Booking Holdings Inc. continued to struggle with the decline of the travel industry in the first three months of 2021, as revenue was cut in half from a year ago.
Costco Wholesale Corp. said late Wednesday its April sales rose 34% to $15.21 billion, with online sales slowing down from the early months of pandemic-fueled stockpiling.
The global tally of confirmed cases of the coronavirus-borne illness COVID-19 climbed above 154 million on Wednesday, and the World Health Organization said cases had remained at their highest levels since the start of the outbreak for a second straight week.
The Biden administration is blocking a Trump-era regulation that would have made it easier to classify gig workers and others as independent contractors, a policy that had been sought by companies such as food-delivery and ride-sharing services.
Gold prices are up on Wednesday, a day after the commodity finished lower on the back of comments from U.S. Treasury Secretary Janet Yellen, which were viewed as bearish for precious metals.
The huge service side of the U.S. economy grew rapidly in April as states lifted business restrictions, companies hired more workers and consumers spent their stimulus checks. The ISM services survey slipped to 62.7% in April but remained near a record high.
Dogecoin, the meme crypto linked to an image of a Shiba Inu dog, has been enjoying one of the best years for cryptocurrency in recent memory, boasting year-to-date gains of more than 11,000% and putting it in the top 10 of the most-highly valued digital assets this year.