Latest Monopoly and antitrust News
Judge sets January date to hear NASCAR’s motion to throw out antitrust lawsuit
CHARLOTTE, N.C. (AP) — A federal judge set a Jan. 8 hearing to hear NASCAR’s motion to throw out an antitrust lawsuit filed against the stock car series by Michael Jordan-owned 23XI Racing and Front Row Motorsports The two teams are suing NASCAR and were granted a preliminary...
Macao's casino boom brings wealth but at a cost, 25 years since China's takeover
MACAO (AP) — When Portugal returned its colony Macao to China in 1999, coffee shop owner Daniel Chao was a first grader living in a different world. Since then his sleepy hometown has transformed into a bustling gaming hub lined with glittering casinos. Its once quiet streets are...
Team claims NASCAR rescinded approval to buy new charter unless federal antitrust suit is dropped
CHARLOTTE, N.C. (AP) — Front Row Motorsports, one of two teams suing NASCAR in federal court, accused the stock car series Thursday of rejecting the planned purchase of a valuable charter unless the lawsuit was dropped. Front Row made the claim in a court filing and said it...
Nvidia's stock dips after China opens probe of the AI chip company for violating anti-monopoly laws
Shares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. In a brief news release with few details, Chinese regulators appear to be focusing on Nvidia's $6.9 billion acquisition of...
Landlords are using AI to raise rents — and California cities are leading the pushback
If you’ve hunted for apartments recently and felt like all the rents were equally high, you’re not crazy: Many landlords now use a single company’s software — which uses an algorithm based on proprietary lease information — to help set rent prices. Federal prosecutors say...
Canada sues Google over alleged anticompetitive practices in online ads
TORONTO (AP) — Canada's antitrust watchdog said Thursday it is suing Google over alleged anticompetitive conduct in the tech giant’s online advertising business and wants the company to sell off two of its ad tech services and pay a penalty. The Competition Bureau said that such...
Judge hears closing arguments on whether Google's advertising tech constitutes a monopoly
ALEXANDRIA, Va. (AP) — Google, already facing a possible breakup of the company over its ubiquitous search engine, is fighting to beat back another attack by the U.S. Department of Justice alleging monopolistic conduct, this time over technology that puts online advertising in front of consumers....
What you need to know about the proposed measures designed to curb Google's search monopoly
U.S. regulators are proposing aggressive measures to restore competition to the online search market after a federal judge ruled Google maintained an illegal monopoly for the last decade. The sweeping set of recommendations filed late Wednesday by the U.S. Department of Justice could...
US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishment
U.S. regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade. The proposed breakup floated in a 23-page document...
Will the antitrust showdown launched under Biden turn into 'Let's Make A Deal' under Trump?
SAN FRANCISCO (AP) — The U.S. antitrust watchdogs that pounced on Big Tech and deterred corporate deal making throughout President Joe Biden's administration may be kept on a shorter leash by Donald Trump after he returns to the White House next year. Although regulators began...
