The long-awaited Facebook antitrust bomb dropped on Wednesday, with the FTC and attorneys general from more than 40 states accusing Zuck & Co. of “buying up its rivals to illegally squash competition” in D.C. federal district...more
May saw a huge jump in consumer activity to the tune of +17.7%, as Americans unleashed their pent-up demand. It was welcome news for markets and beyond, but “the underlying data presents a more complicated picture and shows...more
Former Volkswagen CEO Martin Winterkorn is facing aggravated fraud charges from German prosecutors for his leadership of the automaker “when it deceived regulators about its vehicles’ diesel exhaust levels.” The criminal...more