Amazon Accuses FTC of Harassing Bezos in ‘Burdensome’ Probe

In a filing made public on Monday, Amazon claimed that FTC staff have made “unduly burdensome” demands as the agency investigates whether the company’s subscription services, including Amazon Prime, violate consumer protection laws. The online retailer is seeking to quash or limit the FTC’s most recent civil investigative demands, which are similar to subpoenas.

Tesla Whipsaws After Stock Rallies 50% From Its May Bottom

While Tesla investors have been through a tumultuous 2022, with the company tackling several challenges, the shares have been recovering at a torrid pace. They posted a 32% gain in July for Tesla’s best month since October, as resilient second-quarter results, a climate change bill from the Biden administration and an overall cautiously optimistic mood … Read more

Trump Search’s Revelations Open New Political Front for Midterms

Although the fallout from a remarkable week is just beginning, the search at Trump’s resort in Florida is certain to seep into the November races that will determine party control of Congress, and it promises to keep a focus on Trump rather than inflation and other issues Republicans want to use against Democrats. It’s also … Read more

China Says Taiwan Military Drills Over, Plans Regular Patrols

“China needs to ensure stability before the 20th Party Congress, and that’s why it is trying to calibrate the scope and frequency of military maneuvering around Taiwan,” said Michael Raska, an assistant professor at Nanyang Technological University’s S. Rajaratnam School of International Studies in Singapore. “For now, they will tone it down to patrols, but … Read more

Taiwan Vows Not To Bow To Pressure With China Drills Due To End

“It is an issue that can lead to conflict and war to the detriment of all parties involved, especially the people in Taiwan,” Teo Chee Hean, Singapore’s coordinating minister for national security, said in a Facebook post. “These tensions also have a negative impact on us here in South East Asia. We hope that wisdom … Read more

Tesla Takes Pause From Months-Long Rally as Investors Clear 3-for-1 Split

A logo is displayed on a Tesla Inc. electric vehicle charging at the Tesla Supercharger station in Fremont, California, US, on Monday, July 20, 2020. Tesla Inc. is scheduled to release earnings figures on July 22. Photographer: Nina Riggio/Bloomberg