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[1/2] The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, January 5, 2023. The ruling by U.S. District Judge Richard Jones in Seattle on Friday came in a prospective antitrust class action that has estimated damages of between $55 billion to $172 billion. Amazon has denied the plaintiffs' claims, arguing that its "Fair Pricing Policy" has procompetitive benefits and that U.S. antitrust law encourages such a policy. Attorneys general in California and Washington, D.C., also have sued Amazon over pricing policies. The case is Frame-Wilson et al v. Amazon.com Inc, U.S. District Court, Western District of Washington, No.

☆ Microsoft’s Activision sweet talk
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +2 min

The seller’s shares rose 5% on the news Friday, but hurdles remain. Unlike the European Commission, which seems minded to approve the deal, and the U.S. Federal Trade Commission, which is opposed but has a mixed success rate, a CMA block would likely be fatal. So Microsoft pressed its case, submitting data that the agency says shows it has no incentive to yank Activision’s games from rival consoles to its Xbox. Still, Microsoft’s arguments gaining traction is welcome news to merger arbitrageurs. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

His court filing also sought to disqualify the Fulton County District Attorney's Office, which has been conducting the criminal probe, from being involved in the case. The Atlanta grand jury earlier this year finished hearing testimony and reviewing evidence submitted by prosecutors. The panel then recommended the filing of criminal charges against a number of people, who have not been publicly identified. The grand jury focused particularly on a Jan. 2, 2021, phone call, during which Trump asked Georgia Secretary of State Brad Raffensperger to "find 11,780 votes" for Trump. Trump's 483-page court filing argues that the grand jury "was conducted under an unconstitutional statute, through an illegal and unconstitutional process."

☆ North Carolina urges US Supreme Court to toss major elections case
▼ + stars: | 2023-03-20 | by ( Andrew Chung | ) www.reuters.com time to read: +4 min

WASHINGTON, March 20 (Reuters) - The U.S. Supreme Court should dismiss a major case from North Carolina that could give more power over federal elections to state politicians because the matter is being reconsidered by a lower court, North Carolina said in a filing on Monday, while the Republican lawmakers at the center of the dispute disagreed. The case began as a legal fight over a map drawn by Republican state legislators of North Carolina's 14 U.S. House of Representatives districts - one that a lower court blocked as unlawfully disadvantageous for Democrats. The justices should "dismiss this case for lack of jurisdiction" given that the "decisions on review are nonfinal," the state said. The Republican lawmakers had urged the U.S. Supreme Court to embrace a once-marginal legal theory now embraced by many conservatives that would remove any role of state courts and state constitutions in regulating presidential and congressional elections. Since its decision invalidating the map, the state court has undergone a change in its ideological makeup.

☆ 41% of adults are preparing for a recession. It's time to stress-test your income, advisors say
▼ + stars: | 2023-03-17 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

Yet many Americans — 41% — have taken steps to prepare for a possible economic downturn, according to a survey by Morning Consult. Still, there are a few steps advisors say you should take now to make sure you are prepared to weather a downturn. Barry Glassman president of Glassman Wealth Services"Stress-test your income against your ongoing obligations," Glassman said. The upside for conservative investors is they are now able to get higher interest rates on their cash. Reduce your debtsHigher interest rates mean consumer debts are climbing higher.

[1/2] European Central Bank (ECB) President Christine Lagarde speaks during a news conference following the ECB's monetary policy meeting in Frankfurt, Germany March 16, 2023. Reuters Graphics Reuters GraphicsPresident Christine Lagarde noted it was impossible to determine the future rate path amid "completely elevated" uncertainty stemming from market ructions. "Given financial instability risks, there's growing uncertainty on future ECB actions beyond this pre-signalled rate hike," said Daniele Antonucci, chief economist and macro strategist at Quintet Private Bank. Piet Christiansen, chief analyst at Danske Bank, said he was sticking to a call for a 4% peak ECB rate. "Unless this turns into a macroeconomic crisis then we are ripe for a sell-off and a repricing of rate hike expectations," he said.

☆ Silicon Valley Bank's failure might just spark a faster housing rebound
▼ + stars: | 2023-03-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Now let's see how the fast-moving banking turbulence impacts the highly sensitive US housing market. "It seems that home sales activity has bottomed out, and 2023 will be the turning point for the housing market," she said. While her long-term outlook on a housing rebound hasn't changed, mortgage rates look set to fall faster than previously expected, which could allow more Americans to enter the housing market. And looking ahead to the Fed's meeting next week, Evangelou expects policymakers to moderate their aggressive policy. In other news:The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland October 28, 2020.

☆ Futures price toss up on likelihood of Fed rate hike next week
▼ + stars: | 2023-03-15 | by ( Reuters Staff | ) www.reuters.com time to read: 1 min

(Reuters) - Traders of futures tied to the Federal Reserve’s policy rate have dialed back their bets the U.S. central bank will raise its benchmark rate a quarter of a percentage point next week to about even odds, after a government report showed U.S. retail prices fell in February and turbulence at Credit Suisse renewed fears of a banking crisis. Prices of Fed funds futures reflected about a 50% chance of a quarter-percentage point rate hike this month with roughly a 50% chance seen of no change. The current target range is 4.5%-4.75%. One day ago, futures were pricing in an almost 70% probability of a quarter-percentage point rate at the Fed’s policy meeting next week, according to the CME FedWatch Tool.

☆ Trump's lawyers keep getting in trouble with judges. Here are the 17 sanctioned so far.
▼ + stars: | 2023-03-14 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +13 min

Lawyers representing Trump keep getting sanctioned by courts. Many of Trump's lawyers, even if they are not sanctioned, end up needing lawyers of their own to ward off the worst consequences. Insider identified 17 lawyers who have been personally sanctioned because of their work for Trump. The least successful, however, was a sprawling lawsuit Trump filed against Hillary Clinton, the Democratic National Committee, and several other figures linked to Clinton's 2016 presidential campaign. He was part of Trump's "Elite Strike Force" of lawyers trying to convince judges to cancel votes and have Trump declared the victor.

☆ U.S. interest rates: It's a toss-up between a pause and one hike, says strategist
▼ + stars: | 2023-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. interest rates: It's a toss-up between a pause and one hike, says strategistGeorge Bory of Allspring Global Investments says it could be a period of stability from the U.S. Federal Reserve's perspective.

☆ A Desperate Loser’s Guide to Surviving March Madness
▼ + stars: | 2023-03-13 | by ( Jason Gay | ) www.wsj.com time to read: 1 min

March Madness is here, and with it, a cherished American tradition: guessing haphazardly on a chaotic sport and losing a contest to people we don’t especially like. I’d warn us both to sit it out, but it’s useless. I fill out a bracket year after year, and I’ve never won so much as a pencil, and I go back for more. I swear to you: Some years I can actually hear the bracket laughing at me. I should just toss my 2023 bracket in a blender and make myself a Loser’s Smoothie.

☆ Champagne carpet and crisis team ready for Oscars celebration on Sunday
▼ + stars: | 2023-03-12 | by ( Lisa Richwine | ) www.reuters.com time to read: +4 min

In case of an unexpected twist, a crisis response team will be on hand at the Dolby Theatre in Los Angeles. Several of 2022's biggest hits at the multiplex landed in the best picture race, from "Top Gun" and "Everything Everywhere" to "Elvis" and "Avatar: The Way of Water." To change up the look, organizers swapped out the traditional red carpet for the first time since 1961, opting instead for a champagne color. "Everything Everywhere All at Once," an offbeat story about a Chinese-American laundromat owner struggling to finish her taxes, comes in as the favorite to win best picture. The dimension-hopping kung fu adventure has swept the major Hollywood awards in the weeks leading up to the Oscars.

☆ Proud Boy argues that Tucker Carlson's misleading January 6 footage should be reason to dismiss his seditious-conspiracy case
▼ + stars: | 2023-03-09 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +4 min

Tucker Carlson's January 6 footage has been brought up in a January 6 seditious conspiracy trial. Lawyers representing a Proud Boys member asked a federal judge to dismiss his case. He and the co-defendants — Proud Boys Enrique Tarrio, Ethan Nordean, Joseph Biggs and Zachary Rehl — have pleaded not guilty. The lawyers cited the Washington Post's reporting that Albert Watkins, Chansley's lawyer, never saw that footage during his client's case. It's not the first time the Proud Boys members have asked for their case to be dismissed.

Bank of England Governor Andrew Bailey has said the central bank may be at the end of its rate-rising cycle, there's a wide 'hawk-dove' divide within the European Central Bank, and the Bank of Canada on Wednesday became the first major central bank to pause its tightening campaign. "I don't think other major central banks are going to be able to match what the Fed is going to do. "The dollar can stay elevated as long as the Fed remains the most aggressive central bank in the world." Of course, central bank cycles don't always converge. Related columns:- Hedge funds record wager on higher 2-year U.S. bond yield- Rates market overshoot - or no man's land?

☆ Senate Votes 50-46 to Reverse ESG Rule for Retirement Funds
▼ + stars: | 2023-03-01 | by ( Andrew Ackerman | Lindsay Wise | ) www.wsj.com time to read: 1 min

Republican Sen. Mike Braun of Indiana introduced the measure in the Senate, where it is expected to pass. WASHINGTON—The Senate voted Wednesday to overturn a new Biden administration regulation that would allow retirement-plan managers to consider climate change and other factors when they make investment decisions, setting up what could be President Biden’s first veto. The Senate action, with 50 in favor and 46 against, comes a day after the House voted to toss the regulation on environmental, social and corporate governance guidelines, or ESG, by a vote of 216-204.

☆ Ted Cruz shouts over Merrick Garland about the DOJ's response to protests outside Supreme Court justices' homes
▼ + stars: | 2023-03-01 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +4 min

Sen. Ted Cruz pressed AG Merrick Garland over the DOJ's response to protests outside Supreme Court justices' homes. Cruz accused Garland and the DOJ of being politically biased. The Texas Republican condemned the protestors as rioters and extremists organizing harassment campaigns against the justices and accused Garland of inaction. Other Republicans on the committee, including Sen. Mike Lee of Utah, similarly raised concerns about DOJ's handling of the protests outside Supreme Court justices' homes last year. "It's very clear that they're trying to influence in one way or another those serving on the United States Supreme Court," Lee said.

Maxwell, 61, is expected to present her legal arguments in a filing with the 2nd U.S. Epstein killed himself at age 66 in a Manhattan jail cell in August 2019, one month after being charged with sex trafficking. Maxwell is expected to claim that prosecutors charged her long after a five-year statute of limitations expired. At Maxwell's trial, the four accusers said Maxwell and Epstein at first made them feel welcome in their orbit before subjecting them into giving Epstein sexualized massages. Prosecutors are expected to respond to Maxwell's filing before the appeals court hears oral arguments.

☆ Fed economists say the central bank will have to cause serious pain to Americans and the economy if it sticks to its current path
▼ + stars: | 2023-02-24 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

In the Fed minutes released this week, the central bank's own economists have started to sound the alarm on a recession. Jerome Powell, for his part, has insisted that the Fed's 2% inflation target is set in stone. The jobless rate today stands at 3.4%. We will have other things to worry about at that point besides whether the Fed's inflation target should be 2.0 or 2.75 percent." How realistic do you think the Fed's 2% inflation target is?

☆ The Fed's own economists are ringing the recession alarm - and warning stocks and real estate prices could tumble
▼ + stars: | 2023-02-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The Federal Reserve's staff economists rang the alarm on a potential US recession this year. They called out heady valuations of stocks and real estate, raising the prospect of sharp declines. They singled out real estate and equity valuations as especially stretched, raising the prospect of a sharp contraction. However, they can also pull down asset prices and undercut both growth and employment, increasing the risk of a painful recession. The Fed's staff economists underscored that danger, but predicted a rebound next year.

Meta can still appeal the verdict to a higher court. Representatives for Meta and Voxer did not immediately respond to requests for comment Wednesday. Voxer said Facebook cut it off from key features of the social media platform in 2013 and misused its technology in Facebook Live and Instagram Live, which launched in 2015 and 2016. Meta asked the court to overturn the verdict or hold a new trial. The case is Voxer Inc v. Meta Platforms Inc, U.S. District Court for the Western District of Texas, No.

☆ We're having loyal Costco shoppers share their grocery lists with us. Here are their favorite things to buy there.
▼ + stars: | 2023-02-21 | by ( Business Insider | ) www.businessinsider.com time to read: +36 min

Read Abigail Abesamis Demarest's full Costco shopping list: I've shopped at Costco for over 10 years. AdvertisementRead Lisa Tanner's full Costco shopping list: I'm a mom of 10 who's shopped at Costco for almost 20 years. Read Tara Zeller's full Costco shopping list: I drive 4 hours and spend $500 for every Costco trip. AdvertisementRead Majed Kassis' full Costco shopping list: I run a Costco fan account with over 390,000 followers. Read Rachel MacPherson's full Costco shopping list: I'm a personal trainer who shops for a family of 6 at Costco.

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☆ Texas Begins Arresting Migrant Women After Courts Toss Cases Against Men
▼ + stars: | 2023-02-17 | by ( Elizabeth Findell | ) www.wsj.com time to read: 1 min

AUSTIN, Texas—Operation Lone Star, the Texas program to exert more control over the border by arresting migrants on state charges, has jailed more than 8,600 men since it started in 2021. Within the past few months, a couple dozen women have begun to join them.

☆ Ex-‘Shark Tank’ guest star: Highly successful people don’t make backup plans
▼ + stars: | 2023-02-16 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

He also spent eight years as executive vice president of the New York Jets and made multiple guest appearances on ABC's "Shark Tank." Its core thesis: Get rid of your backup plan. One group had a backup plan. To Higgins, that's supportive evidence for his "burn the boats" philosophy: Anytime you even consider a Plan B, you lose energy that could otherwise go toward Plan A. Simply throwing caution to the wind is a bad idea, though: Eliminating your backup takes some careful planning.

☆ Here's how much Americans plan to spend on the Super Bowl this year
▼ + stars: | 2023-02-12 | by ( Isabel Engel | In Isabel--Engel | ) www.cnbc.com time to read: +3 min

This year, six-figure earners plan to spend the most on the game, at an average of $246. Members of Generation Z (ages 18 to 26) plan to increase their spending, with 30% indicating they will spend more on the Super Bowl this year than last year. Watch partiesThe rise in spending might be attributed to Americans' increase in watch parties for this year's Super Bowl between the Philadelphia Eagles and the Kansas City Chiefs. Although 52% of Americans plan to watch the game from home, 20% plan to host watch parties, up 82% from 2022. While 72% of Americans would rather bet on the Super Bowl game itself, 28% prefer to wager on the 2023 Puppy Bowl.

☆ For fans Super Bowl no longer a game, it's an 'experience'
▼ + stars: | 2023-02-12 | by ( Steve Keating | ) www.reuters.com time to read: +4 min

PHOENIX, Feb 11 (Reuters) - In just a half-century of evolution the Super Bowl has gone from sports event, to America's biggest party, to a week long and very expensive immersive "experience". Next year it will almost certainly make another leap when "immersive experience" and "party" morph into one big Super Bowl supernova in Las Vegas, as Sin City hosts the game for the first time. "If you go back 10 years ago Super Bowl was only about the game and now it is much, much more," said Wilder. For John Wegman, a businessman from Rochester and a Buffalo Bills season ticket holder, seeing a Super Bowl was on his bucket list. "Super Bowl with my father, my mother, my brother was a bucket list thing and we are doing it in style."

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