Google is sued over its app store. Wells Fargo cuts its personal lines of credit. The Chinese government slows down ride-hailing app Didi. Stamps.com gets taken private. Levi Strauss expands its bottom line. Philip Morris buys a pharmaceutical company. And college students have food delivery robots to look forward to this fall. Jason Moser and Emily Flippen analyze those stories and share two stocks on their radar: Itron and Chewy. Plus, Motley Fool analyst Tim Beyers discusses the current state of the streaming wars with Netflix, Disney+, Peacock, etc., and what to expect from Apple’s event this fall.
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At some point, says Gene Healy, Congress will get around to repealing the authorization for the use of military force that has enabled so much American-led global meddling.
On this episode of “The Breakdown,” NLW analyzes President Joe Biden’s “Factsheet: Executive Order on Promoting Competition in the American Economy,” including:
The shift in public sentiment against Big Tech
The order’s implications to the tech and finance sectors
Crypto’s decentralized nature as intrinsically anti-monopolist
For a period of time, tech companies enjoyed the highest public opinion among large corporations. However, the rise of ad-focused platforms and the advent of social media (with all its demons) encouraged increased scrutiny. Privacy concerns only add to the distaste toward companies including Amazon, Google, and Facebook.
With public opinion souring, governments are similarly implementing various regulation schemes as they become wary of the threat of monopolization. Take Europe, for example, which created the General Data Protection Regulation system, and China’s more aggressive actions against social media. The U.S. has dabbled in tightening its reins on big tech with an assortment of antitrust lawsuits, but President Biden’s recent executive order takes the mentality to a new level.
The public mindset and regulatory shift places crypto as the potential solution to concerns of monopolization. Crypto’s decentralization – its lack of CEOs and corporate power structures – make it an attractive path away from monopolies in the American economy.
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Image credit: Tom Brenner/Bloomberg/Getty Images, modified by CoinDesk
Today’s hodgepodge of a podcast takes up our personal histories of summer camp, Joe Biden’s speech on Afghanistan, the conversion of COVID into a seasonal flu, and bad documentaries. Give a listen. Source
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It's finally happened -- the long-awaited US report on UFOs (which the government calls Unidentified Aerial Phenomena, or UAPs) is public. Some observers consider it revelatory, while others think it's a smoke screen. So what's the truth? What exactly does the report say, and what does this mean for the future?
Danny Trejo has lived a life worthy of a book. Addict. Prisoner. Actor. Owner of a donut and taco shop. And, now, author of a memoir. "Trejo: My Life of Crime, Redemption, and Hollywood" tells his life story with many jaw-dropping anecdotes. Today, we pass the mic over to L.A. Times culture reporter Daniel Hernandez, who talks to Danny Trejo. Come for the "Machete," stay for the Edward James Olmos incident!
Pfizer set to seek authorization for a COVID booster shot. Heavy rain floods New York streets and subways. Taliban takes control as the US packs up. CBS News Correspondent Steve Kathan has today's World News Roundup.
The world’s youngest state was born amid boundless optimism. But poverty is still endemic and ethnic tensions still rule politics; what hope for its next decade? Mass graves found at Canada’s “residential schools” have sparked a reckoning about past abuses of indigenous peoples. And marking 50 years since the final album of Karen Dalton, the forgotten queen of folk.
