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The District of Columbia sued Amazon on Tuesday for allegedly “artificially raising prices for products around the web by abusing its monopoly power.” The lawsuit represents yet another...

To embed, copy and paste the code into your website or blog: Amazon is nearing the final stages of a reported $9 billion deal to purchase MGM Holdings and its stable of big-name franchises (from James Bond to Rocky and The Pink Panther) in what would be Bezos & Co.’s second largest acquisition behind Whole Foods, which it bought for $13.7 billion in 2017 - WSJ and Bloomberg Fine. Since we’re talking movies, I’ll say it. In a new low (and despite an awfully rough history—“Super Mario Bros.”? “Prince of Persia”?), Hollywood’s now looking to video games for movie and streaming ...

In addition, Amazon said in its report it was stricter when it came to verifying sellers, blocking all but six per cent of those seeking to set up shopfronts in its internet bazaar, and thus apparently rejecting six million attempts to create seller accounts and stopping an estimated 10 billion suspected dodgy products from being listed before people got the chance to buy. "Fewer than 0.01 per cent of all products sold on Amazon received a counterfeit complaint from customers," said Mehta in a blog post. "Those complaints were investigated for accuracy and acted upon as appropriate." Amazon, ...

To embed, copy and paste the code into your website or blog: Big bank earnings season kicked off this week, and impressive Q1 results from JPMorgan, Goldman Sachs, and Wells Fargo has Wall Street feeling especially bullish. This, despite “sobering signs,” including climbing infections and hospitalizations in some areas of the country, vaccine hesitation, and a persistently uneven recovery - NYTimes and WSJ and Bloomberg Coinbase’s first day as a public company was, appropriately (for an outfit tied to tightly to the roller-coastery crypto world), volatile. The company debuted at $381/sh...