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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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May 14, 2026 / Tyler Durden
With GOP Help, House Dems Force Vote To Give Another $1.3 Billion To Ukraine
Sep 17, 2026 / Tyler Durden
House Passes Bill To Ensure Data Centers Cover Their Own Energy Costs
House Passes Bill To Ensure Data Centers Cover Their Own Energy Costs
Authored by Joseph Lord via The Epoch Times,
The U.S. House of Representatives on Wednesday passed a measure put forward by Republicans that would provide a federal blueprint to ensure data centers pay for their use of local energy grids.
It was adopted in a 417-3 vote.
The legislation would impose new requirements that AI and other data centers - which draw huge amounts of electricity from local power grids, straining supplies and leading to utility bill shocks for households across...
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Sep 6, 2026 / Tyler Durden
Iran Threatens South Korean Assets If Seoul Joins Hormuz Mission
Iran Threatens South Korean Assets If Seoul Joins Hormuz Mission
Via Middle East Eye
Iranian academic Mohammad Marandi has warned that Tehran would consider South Korea an enemy and could strike its economic and military interests across the Persian Gulf if Seoul joins the US-led war on Iran.
Speaking on Al Mayadeen’s The Grand Standoff, Marandi said South Korea’s involvement in efforts to secure freedom of navigation through the Strait of Hormuz would expose its interests in the region to Iranian retaliation.
US Army AH-64 Apache helicopters at Camp Humphreys in Pyeongtaek, South Korea, 21 August 2026...
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