Google and DOJ clash over search monopoly ruling
In closing arguments, the U.S. Justice Department presses for remedies to break Google’s search dominance including potential defaults ban and Chrome sale, while Google seeks limited concessions as AI shifts reshape the landscape. Judge Amit Mehta weighs remedies ahead of a Labor Day ruling and possible appeal.
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Google
U.S. Justice Department
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Amit Mehta
Justice Department
Mehta
Department of Justice
Alphabet Inc
David Dahlquist
Tariff ruling threatens $2 trillion hole in U.S. outlook
A federal appeals court paused a ruling striking down many Trump tariffs, warning it could erase about $2 trillion in projected revenue over ten years. The decision complicates offsetting the cost of a roughly $4 trillion tax cut plan and raises debt and revenue questions for the Treasury and policymakers.
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Douglas Elmendorf
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Trump
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CIT
Goldman Sachs Group Inc
Citigroup Inc
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Treasury
Scott Bessent
Fox News
Barclays PLC
Ernie Tedeschi
Yale University
Budget Lab
Biden Administration
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China
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U.S. Court of International Trade
Wall Street Ends May With Muted Gain Amid Tariff Turmoil
Wall Street wrapped up a quiet week and a strong May as the S&P 500 edged lower by less than 0.1 percent, the Dow rose 54 points, and the Nasdaq fell 0.3 percent. Gap and Alta Beauty weighed on sentiment after warnings on tariff costs despite stronger quarterly results.
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Inflation cools as tariffs loom over prices in April
U S inflation edged toward the Federal Reserve target with April CPI at 2.1 percent, down from 2.3 in March. Core CPI rose 2.5 percent, the slowest in over four years, while overall spending rose 0.2 percent as Americans save for expected tariff-driven price increases.
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Nationwide
TSW Mutual Redemption Fee Details
The Asset road fund details a redemption fee structure for TSW Mutual. The note outlines asset value considerations and related charges, signaling how fund liquidations affect investors and fund accounting.
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TSW Mutual
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the Market In Review
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