Democrats from a U.S. House of Representatives subcommittee issued a report on Tuesday detailing tactics it said four of the biggest technology companies used to gain dominant positioning in online search, advertising, social networking shopping and other businesses. Here are notable findings. Amazon The issue: Amazon sells its own products as well as goods from […]
Archives for October 2020
CCI goes to SC against Karnataka HC stay on Amazon, Flipkart probe
The Competition Commission of India (CCI) has filed an appeal at the Supreme Court against the Karnataka high court order earlier this year, which granted an interim stay on the regulator’s probe on Flipkart and Amazon India. The antitrust body filed a special leave petition at the apex court last month, according to listings at […]
Limited data sharing in Jio deal: Facebook to CCI
Facebook assured the Competition Commission of India (CCI) that its investment in Jio Platforms will only involve exchange of “limited data” related to facilitating ecommerce transactions, according to the regulator’s order made public on Tuesday. CCI, however, warned both sides that anti-competitive conduct resulting from data sharing in the future could be taken up by […]
Amazon bullies partners and vendors, says antitrust subcommittee
Jeff Bezos, founder and CEO of Amazon, pictured on Oct. 2, 2019. Elif Ozturk | Anadolu Agency | Getty Images Amazon has “significant and durable market power” in the U.S. online retail market, with a far higher market share than was previously estimated, the House Judiciary antitrust subcommittee’s Democratic leadership found in a sweeping 400-plus […]
My 2020: The Melbourne yoga studio finding strength in community
In this series, we uncover honest personal accounts of the heartbreaks, trials and triumphs that have made up 2020. By charting the full scope of the small business experience, together we stand to come back stronger than ever. Breathe. This is the sign that greets visitors at Melbourne’s I Am That yoga studio, lit up […]
Federal Budget 2020: What it means for you
The Federal Budget was released on Tuesday 6th October. This article has a good summary of the “Winners and Losers” of the Budget. You’ll also find a recap of the key points below. This budget is based on economic assumptions including that there will be a COVID-19 vaccine rolled out by the end of 2021. […]
Why Dave Portnoy Triggers Professional Traders: What Are Your Thoughts
[embedded content] Join Michael Batnick and Josh Brown for another round of What Are Your Thoughts, discussing all the biggest topics on The Street this week, including: Barry Ritholtz had Barstool founder and newly minted daytrading phenom Dave Portnoy on his podcast this week Public is the new Private – why companies are all of […]
RIP Eddie
My god what’s next. RIP Mr. Van Halen. [embedded content]
Confidence will be key to the success of this Budget
The challenge set for the Treasurer in this Budget was to deliver a plan to jumpstart the economy out of hibernation, by encouraging jobs, investment and household spending. This Budget certainly featured many announcements aimed at encouraging hiring, investment and spending. The Government’s task now is to encourage businesses and households to take advantage of […]
GE Says It Has Received ‘Wells Notice’ From SEC Relating to Accounting Investigation – The Wall Street Journal
The SEC has been investigating GE’s accounting concerning a legacy insurance business. Photo: benoit tessier/Reuters By Theo Francis Close Theo Francis and Ted Mann Close Ted Mann Updated Oct. 6, 2020 4:43 pm ET Federal securities regulators have warned General Electric Co. of a civil-enforcement action over its accounting for a legacy insurance business, adding […]