Business

Antitrust hearing targeting Big Tech – live analysis

Amazon CEO Jeff Bezos finally answers his first question. Democratic Rep. Pramila Jayapal of Washington asked Mr. Bezos if Amazon uses individual data from outside vendors, as described in an April Wall Street Journal report. “I cannot answer that question yes or no,” Mr. Bezos said in response. The WSJ …

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Gold prices approach $ 2,000 as the dollar weakens

Gold increased nearly 30% in 2020. Traders have flocked to gold and other precious metals as the value of the US dollar has fallen. Silver prices rose approximately 35% this year to approximately $ 24 an ounce. The dollar has fallen more than 3% against other major currencies this year …

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Google’s business model “is the problem,” says David Cicilline

During Wednesday’s antitrust tech hearing, Rep. David Cicilline (D-RI) broke into Google CEO Sundar Pichai about the company’s dominance in search and its use of data to monitor potential competitors. “The problem is Google’s business model,” said Cicilline, citing a pattern of anti-competitive behavior that allowed Google to grow as …

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