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Alphabet Stock Rises as Google Avoids Another Business Breakup Attempt
Barrons.com23d agoneutral
Alphabet Stock Rises as Google Avoids Another Business Breakup Attempt

Shares of Alphabet rose Wednesday after a federal judge rejected a Justice Department request that Google sell its online advertising business. Alphabet stock advanced 1% to $338.51 on Wednesday, while the and the both gained 0.5%. Judge Leonie Brinkema on Wednesday dismissed the Trump administration’s move to force Google to sell AdX, the company’s online exchange tool for publishers and advertisers.

Judge orders changes to Google's digital ads business but spares it from a breakup
Associated Press23d agoneutral
Judge orders changes to Google's digital ads business but spares it from a breakup

A federal judge on Wednesday ordered Google to retool the system powering its monopoly in digital advertising, sparing the company from a wrenching breakup sought by the U.S. government. The initial two-page decision by U.S. District Judge Leonie Brinkema in Virginia marks the second time in a year that Google has received a reprieve from a Justice Department proposal to dismantle its internet empire. Meanwhile, what courts have described as the company's anti-competitive practices, have enriched Google's corporate parent, Alphabet Inc., which has a market value of $4.11 trillion.

U.S. Supreme Court Is Asked to Settle Growing Debate Around Prediction Markets
Barrons.com23d agoneutral
U.S. Supreme Court Is Asked to Settle Growing Debate Around Prediction Markets

The Attorney General of New Jersey has asked the U.S. Supreme Court to hear a case that could determine the fate of sports prediction markets. The Supreme Court accepts a fraction of so-called petitions of certiorari, but the high court could be compelled to weigh in given the growing disputes between states, which regulate gambling, and federal regulators, who oversee the event contracts that drive prediction markets. A Supreme Court case would be closely watched by online betting firms like DraftKings and Flutter whose stocks are up more than 4% today, along with newer prediction-market platforms Kalshi and Polymarket.

US judge rejects bid to break up Google's ad business
AFP23d agoneutral
US judge rejects bid to break up Google's ad business

A US federal judge on Wednesday refused to force Google to sell a division of its digital advertising business, rejecting the government's push to break up part of the company's ad empire.The decision is the second time in recent years that a federal judge has declined to dismantle a piece of Google's business, after a judge last year refused to force the sale of its Chrome browser in a separate monopoly case over online search.

Fed’s Williams: Case for a Rate Hike Isn’t Yet Firm
The Wall Street Journal23d agoneutral
Fed’s Williams: Case for a Rate Hike Isn’t Yet Firm

New York Fed President John Williams indicated that he doesn't see clear-cut evidence right now that the Fed must raise interest rates to respond to persistent inflation. In an interview with CNBC, Williams said the current spate of rising prices is due in part to passing causes: one-time price increases from the Trump administration's tariffs and higher energy prices from the Iran conflict. It is not yet certain, he said, that those trends are snowballing into a broader bout of inflation that the Fed must respond to.

What to watch: Broadcom, Snowflake earnings and ADP jobs data
Yahoo Finance Video23d agoneutralVIDEO
What to watch: Broadcom, Snowflake earnings and ADP jobs data

Asking for a Trend Host Josh Lipton previews the stories that will be making headlines tomorrow, including earnings from Broadcom (AVGO) and Snowflake (SNOW), plus a fresh look at the labor market with ADP's private payrolls report ahead of Friday's highly anticipated jobs report.

Tesla Prepares Cybercab Event in Austin as Robotaxi Rollout Develops
InvestorsHub23d agoneutral
Tesla Prepares Cybercab Event in Austin as Robotaxi Rollout Develops

Tesla (NASDAQ:TSLA) is set to hold an event for its purpose-built Cybercab robotaxi in Austin, Texas, on Thursday, as the electric vehicle company continues developing its autonomous driving operations. The event comes as Tesla tests Cybercab vehicles on public roads and develops its robotaxi service, while questions remain regarding regulatory approval and compliance with federal safety requirements.

Odds of Fed Rate Hike in September Hit 70%
The Wall Street Journal23d agoneutral
Odds of Fed Rate Hike in September Hit 70%

Investors are now pricing in a 70% chance that the Federal Reserve raises rates at its Sept. 15-16 meeting. That is up from 37% a week ago, according to CME Group data. The jump in rate expectations is a major driver behind the rise in U.