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The Federal Trade Commission and 22 states filed a lawsuit against online retailer Amazon on Monday claiming that it defrauded advertising customers. The lawsuit, filed in the U.S. District Court in the Western District of Washington, claims that Amazon overcharged 1.2 million advertising customers by misleading them on prices for online auctions for ads. The complaint says Amazon said it was offering competitive prices on several ad products when it was actually inflating auction prices.

The Federal Trade Commission , alongside a bipartisan group of nearly two dozen state attorneys general, sued Amazon on Monday in federal court.

Amazon is facing a new lawsuit from the FTC and 22 states for allegedly secretly charging businesses more for advertising.

The commission, along with more than 20 states, alleged the e-commerce giant reaped billions by manipulating ad prices on its retail platform.

The Federal Trade Commission and 22 states on Monday accused retail giant Amazon of deceiving businesses by overcharging prices to advertise on its massive retail platform, pocketing billions for the company.

The FTC plans to file a lawsuit against Amazon that will allege the company manipulated prices businesses paid to advertise on its retail platform.

AMZN stock dropped on Monday after a Wall Street Journal report said the FTC plans to sue the company over how it prices ads on its retail site.

Shares of Amazon dropped about 3% in afternoon trading and were recently on pace for their largest percent decrease since July 23, when they fell 4.6%. The Wall Street Journal reported today that the Federal Trade Commission plans to file a lawsuit against the e-commerce giant, alleging it manipulated prices to deceive advertisers into paying higher prices to promote their products.

Key takeawaysThe FTC and more than 20 state attorneys general reportedly plan to sue Amazon over its advertising-auction practices. Regulators are expected to allege that undisclosed price floors increased advertisers’ costs and generated tens of billions of dollars for Amazon.

Investing.com -- Amazon.com Inc shares fell 2.8% on Monday following a report by the Wall Street Journal that the Federal Trade Commission will file a lawsuit against the company over allegations related to its advertising pricing practices.

Since Tim Cook took over as Apple's CEO in 2011, the iPhone maker's stock has soared more than 2,200%. Annualized, that gives investors a price move of about 23.5% a year, more than twice the annual gain of the Dow industrials and easily more than the S&P 500 and Nasdaq composite.

Big spending on AI is poised to continue well into 2027.

The new month, historically the worst for the stock market, hasn’t quite started yet but it’s already looking like being fraught with risk. The market is getting more confident that the Federal Reserve will hike interest rates on Sept. 16, even if Federal Reserve Chairman Kevin Warsh didn’t quite say as much in his Jackson Hole speech Friday. Oil prices aren’t helping, rising above $90 a barrel after the U.S. attacked Iran over the weekend.

↘️ PG&E (PCG): Shares of the California utility sank 8% premarket after lawmakers over the weekend introduced wildfire legislation that left out Gov. Gavin Newsom’s proposal to block insurance companies from suing utilities for wildfire-related claims.

Across S&P 500 companies, per-share earnings soared 53% in the second quarter from a year earlier, while sales rose nearly 16%, according to data from LSEG. Investment gains from tech giants Amazon.com and Alphabet added fuel to the big earnings surge.

AI could accelerate X-Energy's path toward commercial nuclear power.

The stock market's sluggish summer heads into September focused on the Fed's mid-month rate policy meeting.

Amazon has pared some of its post-Q2 earnings gains, but investors need to be patient with AMZN stock.

All three major US stock indexes were up in late-morning trading Friday, as market participants pars

Futures wavered while Treasury yields rose before Fed chief Kevin Warsh's Jackson Hole speech. Marvell, Affirm, PayPal are big movers.

The majority of US companies holding $100 billion in potential tariff refunds haven't pledged to ret

Tech firms are courting Democrats and hiring advisers to prepare for potential investigations if Republicans lose control of the House.

The ETF milestone challenging the S&P’s biggest names

Data center construction and AI backlash collide: How new state "moratoriums" actually work as governors vie for reelection.

Several closely watched corporations far surpassed their earnings forecasts this summer, and some have billions of dollars in Trump tariff refunds to thank for padding their results. Where's your refund? Studies show consumers indirectly ate much of the cost through rising prices, but these refunds instead flow to the companies that directly paid the Trump administration's import taxes, regardless of...

Thiel is most famous for co-founding PayPal and Palantir, and being Facebook's earliest outside investor.

By Raphael Satter WASHINGTON, Aug 27 (Reuters) - Major tech companies including OpenAI, Anthropic, Microsoft, Alphabet, and Amazon are calling for a society-wide defensive surge to defeat what they

Nvidia stock was surging following an earnings report that is making Wall Street rethink its assumptions about the chip maker's growth.

All three major US stock indexes were up in late-morning trading Thursday, after Nvidia (NVDA) relea

Nvidia reported blowout fiscal Q2 results, but under the surface was the budding growth it's having with a major partner: SpaceX.