Business News

Matthias Balk/picture alliance via Getty Images (NEW YORK) -- Alphabet's Google illegally dominated two markets for online advertising technology, according to a federal judge.Judge Leonie Brinkema of the U.S. District Court for the Eastern District of Virginia said in a ruling Thursday that Google had broken the law to build its dominance over the largely invisible system of technology that places advertisements on pages across the web."Plaintiffs have proven that Google has […]

(WASHINGTON) -- President Donald Trump on Thursday sharply criticized Federal Reserve Chair Jerome Powell, urging the central bank to lower interest rates and saying Powell’s “termination cannot come soon enough.”It was not clear whether Trump’s comments indicated a desire to remove Powell from his position or an eagerness for the completion of Powell’s term as Fed chair in 2026. The Fed is an independent government agency established by Congress.The remarks […]

Win McNamee/Getty Images  (WASHINGTON) -- Election denier and MyPillow CEO Mike Lindell continues to refuse to pay more than $50,000 in sanctions he has been ordered to pay to voting software company Smartmatic over "frivolous" election claims -- alleging he's left with no money after numerous legal battles."I'm in ruins," a teary Lindell said through a Zoom screen during a motion hearing in the U.S. District Court in Washington on […]

(WASHINGTON) -- Federal Reserve Chair Jerome Powell said Wednesday that he expects President Donald Trump's tariffs policy to cause higher inflation and slower economic growth, complicating potential central bank efforts to ease the fallout."The level of the tariff increases announced so far is significantly larger than anticipated. The same is likely to be true of the economic effects, which will include higher inflation and slower growth," Powell told the audience […]

manusapon kasosod/Getty (NEW YORK) -- U.S. stocks closed down slightly on Tuesday as investors weathered ongoing uncertainty about President Donald Trump's tariff plans.The Dow Jones Industrial Average ticked down 156 points, or 0.3%, at the close of trading. The S&P 500 fell 0.1%, while the tech-heavy Nasdaq declined 0.05%.The U.S. has received about 15 proposals for trade agreements, White House Press Secretary Karoline Leavitt told reporters on Tuesday. Trump issued […]

manusapon kasosod/Getty (NEW YORK) -- U.S. stocks were little changed in early trading on Tuesday, a day after President Donald Trump signaled a willingness to ease some tariffs but also impose new ones.The Dow Jones Industrial Average ticked up 52 points, or 0.1%. The S&P 500 climbed 0.2%, while the tech-heavy Nasdaq increased 0.05%.Trump's administration said on Friday that many consumer electronics would be exempt from his wide-ranging reciprocal tariffs, […]

manusapon kasosod/Getty (NEW YORK) -- U.S. stocks opened muted on Tuesday, a day after President Donald Trump signaled a willingness to ease some tariffs but also impose new ones.The Dow Jones Industrial Average ticked up 71 points, or 0.1%. The S&P 500 climbed 0.1%, while the tech-heavy Nasdaq increased 0.05%.Trump's administration said on Friday that many consumer electronics would be exempt from his wide-ranging reciprocal tariffs, an announcement that sent […]

(WASHINGTON) -- Lawyers for Meta told a federal judge on Monday that the social media company founded by billionaire Mark Zuckerberg is not a monopoly, countering a landmark lawsuit brought against it by the Federal Trade Commission accusing the tech giant of gobbling up its competitors to corner the market."Meta has no Monopoly,” Mark Hansen, an attorney for the company argued in U.S. District Court in Washington, D.C., as the […]

(NEW YORK) -- Major stock markets in Asia and Europe rose in Monday trading following the U.S. announcement that key consumer electronics would be temporarily exempted from President Donald Trump's reciprocal tariffs.Hong Kong's Hang Seng index led the regional gains, closing 2.4% up with the Hang Seng Tech Index up more than 2%.On the mainland, Shanghai's Composite Index rose 0.76% and Shenzen's Component Index rose 0.51%.In Japan, the Nikkei 225 […]