Author: Daniel snow

Amazon’s price controls may be anticompetitive, German regulator warns

By

[ad_1] Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, western Germany, on Dec. 9, 2024.Ina Fassbender | Afp | Getty ImagesGerman antitrust regulators warned Amazon on Monday that the company’s pricing mechanisms for third-party sellers could run afoul of competition laws.The Federal Cartel Office said in its preliminary assessment that Amazon’s pricing controls limit the visibility of merchants’ products and, “based on non-transparent marketplace rules,” interfere with their freedom to set prices.Amazon uses algorithms and statistical models to calculate certain price caps for products, the Cartel Office…

Read More

Applied Digital shares rip 40% higher on CoreWeave AI lease agreement

By

[ad_1] Vcg | Visual China Group | Getty ImagesShares of Applied Digital rose more than 40% after the company said it signed two long-term lease agreements with CoreWeave for artificial intelligence data centers.Nvidia-backed CoreWeave climbed more than 7% following the announcement.Financial terms of the two agreements were not provided, but Applied Digital said it expects $7 billion in total revenue over the approximately 15-year period.”Through these newly signed long-term leases with CoreWeave, we are taking a step forward in our strategic expansion into advanced compute infrastructure,” said Applied Digital CEO Wes Cummins in a release announcing the news.CoreWeave will provide…

Read More

Byron Allen broadcast TV stations up for sale

By

[ad_1] Byron Allen, founder, chairman and CEO of Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022.Patrick T. Fallon | Afp | Getty ImagesByron Allen is putting his broadcast TV stations up for sale.Allen Media Group said on Monday it has retained investment bank Moelis & Co. to sell its group of 28 owned and operated broadcast TV stations, which are affiliated with ABC, NBC, CBS and Fox in 21 markets across the U.S.In a news release, Allen said the company has invested more than $1 billion into acquiring the stations…

Read More

Trump and China’s Xi will likely talk very soon: White House

By

[ad_1] President Donald Trump and China’s President Xi Jinping shake hands at a press conference following their meeting at the Great Hall of the People in Beijing.Artyom Ivanov | TASS | Getty ImagesPresident Donald Trump and Chinese President Xi Jinping are likely to speak this week, a senior White House official told CNBC on Monday.The expected discussion follows a series of flare-ups between Washington and Beijing that threaten to derail a tentative trade agreement that the two economic superpowers reached just weeks earlier.The two leaders could speak one-on-one “very soon,” though probably not today, the official said on condition of…

Read More

Where seniors face the longest drives

By

[ad_1] A Social Security Administration office in Washington, D.C., March 26, 2025.Saul Loeb | Afp | Getty ImagesA new Social Security Administration policy will require nearly 2 million additional beneficiaries to visit the agency’s offices each year to change their direct deposit information, according to agency estimates.That’s often not a quick trip: Nearly one-quarter of seniors live more than an hour away from their local Social Security field office, according to a new analysis from the Center on Budget and Policy Priorities. Meanwhile, half of seniors need to drive for at least 33 minutes without traffic to get to their…

Read More