Company

Bills that could force Big Tech breakups unveiled in House

5 days ago   |   By Chron

WASHINGTON - A group of House lawmakers put forward a sweeping legislative package Friday that could curb the market power of Big Tech companies and force Facebook, Google, Amazon or Apple to sever their dominant platforms from their other lines of business.
The bipartisan proposals are the culmination of a 15-month investigation by the House Judiciary Committee's antitrust subcommittee, led by Democratic Rep. David Cicilline of Rhode Island. It concluded that the four tech giants have abused their market power by charging excessive fees, imposing tough contract terms and extracting...
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Did Big Tech Get Too Big? U.S. Crackdown Seeks Answer

5 days ago   |   By Washington Post

The rise of global technology superstars Amazon, Apple, Facebook and Google created new challenges for the competition watchdogs who enforce antitrust laws. The companies dominate markets in e-commerce and smartphones, search advertising and social-media traffic. An anti-monopoly crackdown that began under President Donald Trump is expected to continue under President Joe Biden, who is surrounding himself with outspoken advocates for vigorous antitrust enforcement against U.S. tech companies.
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Asian stocks follow Wall St lower on Fed hints at rate hikes

Asian stocks follow Wall St lower on Fed hints at rate hikes

BEIJING - Asian stock markets followed Wall Street lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought. Read more ...

Bipartisan infrastructure group swells to 20 senators

Bipartisan infrastructure group swells to 20 senators

WASHINGTON - A bipartisan senators' group working on a $1 trillion infrastructure compromise doubled in size to 20 members Wednesday, a key threshold that gives momentum to... Read more ...

Millions fear eviction as US housing crisis worsens

Millions fear eviction as US housing crisis worsens

NEW YORK - More than 4 million people say they fear being evicted or foreclosed upon in the coming months, just as two studies released Wednesday found that the nation's... Read more ...

China is set to launch 3 taikonauts to its new space station on Wednesday...

China is set to launch 3 taikonauts to its new space station on Wednesday night - the country's first human spaceflight in 5 years

Summary List Placement China started launching parts of its new space station into orbit just two months ago, and it's already sending people there. The nation plans to launch... Read more ...

A Republican congressman refused to shake hands with a DC police officer...

A Republican congressman refused to shake hands with a DC police officer beaten by Trump loyalists on Jan. 6, according to 2 House members

Summary List Placement Rep. Andrew Clyde, a Georgia Republican who has downplayed the Jan. 6 Capitol riot, refused to shake hands with Michael Fanone, a Washington, DC... Read more ...

Stocks down, yields up as Fed discusses dialing back support

Stocks down, yields up as Fed discusses dialing back support

NEW YORK - U.S. stocks fell and bond yields climbed Wednesday after the Federal Reserve signaled it may start easing off the accelerator on its massive support for the economy... Read more ...

4 unhealthy aspects of the current US economy, according to Janet Yellen

4 unhealthy aspects of the current US economy, according to Janet Yellen

Summary List Placement The coronavirus pandemic has thrown into relief some of the hidden realities of the American economy, from low wages to income inequality. But in... Read more ...

CureVac's COVID-19 shot just failed in a large trial, a major setback for...

CureVac's COVID-19 shot just failed in a large trial, a major setback for the Gates-backed biotech

Summary List Placement A COVID-19 vaccine candidate developed by the German biotech CureVac failed in a critical late-stage study, the company said Wednesday. It's the first... Read more ...

The Latest: COVID-19 cases rise in Missouri tourist areas

The Latest: COVID-19 cases rise in Missouri tourist areas

O'FALLON, Mo. - A swath of southern Missouri is seeing a big rise in coronavirus cases and hospitalizations at just the wrong time - as tourists eager to get out after being... Read more ...

The top creator economy hires and company launches of the week - from DBA...

The top creator economy hires and company launches of the week - from DBA talent signings to Sway's new venture

Summary List Placement TikTok creators Josh Richards and Griffin Johnson first rose to fame by posting fratty videos while living in Sway LA , a TikTok content house. But the... Read more ...