Google to pay 700 million settlement over Play Store antitrust
Alphabet Inc faces a 700 million dollar settlement with state attorneys general over alleged anticompetitive practices in the Android Play Store. The agreement includes 630 million for consumer refunds and 70 million in penalties, plus changes to allow alternative app stores and payment options for five years. About 102 million U.S. consumers may receive at least 2 dollars each.
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Retailers push faster shipping to win delivery race
Walmart Target and Amazon expand delivery speed as rivals to Shein and Temu. Amazon increases regional fulfillment with eight zones and 55 same day sites while Walmart adds parcel stations and automates 42 regional centers to speed up orders.
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White House backs standardizing Tesla EV charging plugs
The White House backs SAE International embracing a standard for Tesla’s North American Charging Standard, linking Teslas to a unified network. The move aims to boost EV sales by expanding nationwide charging access as Biden seeks 50 percent of new vehicle sales electric by 2030.
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Stocks rise on hopes of Fed rate cuts
Wall Street edged higher as the S&P 500, Dow, and Nasdaq gained with the Dow hitting a fresh record for a fifth straight day. Enphase Energy led gains after announcing a 10 percent global workforce reduction and reforms. Japan’s BOJ kept policy steady, aiding global market optimism for potential 2024 rate cuts. Housing started stronger with November homebuilding up about 200,000 units.
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