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Amazon Shares Tumble Amid News Of FTC 'Advertiser Deception' Lawsuit
Amazon Shares Tumble Amid News Of FTC 'Advertiser Deception' Lawsuit
The Federal Trade Commission (FTC) is about to drop a lawsuit on Amazon today alleging that the e-commerce platform manipulated prices paid by businesses to advertise on its retail platform, which made the company tens of billions of dollars over a seven-year period, WSJ reports, citing agency officials.
According to the report:
The lawsuit, joined by a bipartisan group of more than 20 state attorneys general, will allege that Amazon deceived advertisers by secretly raising the minimum price advertisers had to pay to place ads promoting their...
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Aug 25, 2026 / Larry C. Johnson
Sanctioning the Dollar Iran Already Left: Why Bessent’s ‘Economic D-Day’ Is Toothless
There was one sentence in Scott Bessent’s Monday sanctions announcement that gave the whole game away. Anyone who launders money for the Iranian regime, the Treasury Secretary warned, “will be removed from the US dollar system.” He meant it as a threat of annihilation. It is, instead, a confession of the policy’s central weakness. The […]
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Aug 11, 2026 / Tyler Durden
Solid 3Y Auction Stops Through Ahead Of Tomorrow's CPI Report
Solid 3Y Auction Stops Through Ahead Of Tomorrow's CPI Report
Ahead of tomorrow's CPI report (which will come in tame thanks to continued housing disinflation), moments ago the US Treasury sold its first refunding auction, which came in very strong, stopping through the When Issued, and with above par metrics.
Pricing at a high yield of 4.291%, up from 4.179% in July and the highest since Feb 2025, the auction stopped through the When Issued 4.296% by 0.5bps, the 2nd consecutive through auction.
The bid to cover rose to 2.712, up...
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Jul 18, 2026 / Tyler Durden
Welcome To Trillionistan; Don't Get Comfortable...
Welcome To Trillionistan; Don't Get Comfortable...
Authored by Peter C. Earle via The Daily Economy,
Not long ago, the notion of trillions belonged either to the furthest cosmic reaches of the universe or the submicroscopic world of atoms. These numbers describe galaxies in the observable universe, roughly two trillion, or, at the opposite extreme, the picosecond - one trillionth of a second - is used to measure molecular motion and chemical reactions. Until recently, magnitudes denominated in trillions were almost entirely confined to the theoretical hinterlands of astronomy, physics, and schoolyard...
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