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The Latest Breaking News from DOJ

The Justice Department will ‘very likely’ kill Google’s billion-dollar deal to be the default search engine on iPhones, Jefferies predicts

Jefferies estimates the $25 billion deal makes up 20% of Apple’s pretax profit, or about 6.3% of total revenue, representing an 8% to 11% hit on share prices.

Fortune

Phoenix police under investigation for punching and tasering deaf Black man with cerebral palsy during arrest

The two officers involved are still actively working with the police force

The Independent UK

Phoenix Police Pummel a Deaf Man, Months After the Justice Department Found Widespread Civil Rights Violations

Tyron McAlpin's lawyers say he couldn't hear the commands of the officers when they jumped out of a police cruiser and immediately attacked him.

Reason

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Should the Boeing Plea Deal on the 737 MAX Crashes Be Approved?

I have argued to Judge Reed O'Connor that he should reject the proposed "binding" plea deal because it obscures the relevant facts and fails to hold Boeing accountable for killing 346 people. A decision is expected soon.

Reason

TD Bank execs presided over rampant money laundering, but no one is going to jail—for now

The decision comes less than a year after the DOJ sentenced Binance CEO Changpeng Zhao to four months in prison.

Fortune

Virginia Governor Faces DOJ Lawsuit Over Voter Roll Removals

Legal battle between Virginia governor and DOJ over voter roll removal of noncitizens, highlighting election integrity concerns and ongoing legal disputes.

Top News

Trump’s lie-industrial complex

Real time fact-checking has gotten under Trump's skin this time around

Salon

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If Android is split away from Google it will die

The DoJ is considering splitting Android away from Google over antitrust concerns. If that happens you should probably buy an iPhone.

Android Central

Stock Market Rallies As S&P 500, Dow Hit Highs; Tesla Robotaxi Isn't Hailed, Delta, JPMorgan In Focus: Weekly Review

The stock market had a key week, as the S&P 500 and Dow hit record highs. The Tesla robotaxi failed to wow, but many leaders broke out.

Investors Business Daily

TD Bank To Pay $3B Fine After Pleading Guilty To Money Laundering Charges

Attorney General Merrick Garland said the Canadian-based bank 'created an environment that allowed financial crime to flourish'

International Business Times

Justice Department may order a Google breakup — force it to sell Chrome, Android and more

If the Justice Department's request is granted, Google could be forced to sell off many of its services, changing the tech landscape as we know it.

Tom’s Guide

US Charges Crypto Market Makers, Including Gotbit, For 'Wash Trading,' Market Manipulation

Gotbit – a firm previously called out by ZachXBT over its questionable offerings – and three other crypto market makers have been charged with market manipulation.

International Business Times

Google might be forced to split up Chrome and Android over antitrust concerns

The DOJ is pushing to separate Chrome and Android to tackle Google’s search monopoly.

Android Central

The FBI created its own crypto token to catch alleged fraudsters

A judge unsealed charges brought by the Department of Justice against eighteen individuals and companies as part of a wide-ranging case on Wednesday.

Fortune

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Kiplinger

Stock Market Today: Stocks Hit Record High Ahead of CPI Report

Equities caught a bid ahead of the all-important September reading on consumer price inflation.

Fortune

The U.S. wants to stop Google unfairly dominating the nascent AI search market

After Google was found guilty of antitrust abuses, the Justice Department proposed fixes that could hamper Google’s chances in the next era of search.

PC Gamer

The US government is deciding whether to break Google apart and try to end its monopoly on search

Google unsurprisingly doesn't like the idea.

TechRadar

Google may be forced to break up its search business

The DOJ has already filed in court in a move that could also force Google to reveal the inner workings of its search result rankings and AI tools.

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news in one place.

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Investors Business Daily

Dow Jones Rises, Two Hot IPOs Jump; Nvidia Chipmaker's Sales Strong

The Dow Jones rose after Tuesday's market bounce. Nvidia chipmaker Taiwan Semiconductor posted strong sales. Recent IPO Reddit rose while AI play Astera Labs surged.

International Business Times

DOJ Mulls Google Breakup; Google Calls Proposed Android/Chrome Spinoff 'Radical'

DOJ said the proposals also aims to prevent Google's past dominance from extending into the rapidly growing AI sector. The Justice Department is also considering seeking a court order requiring Google to share its search indexes, data, and AI models with competitors.

International Business Times

US Weighs Google Breakup In Landmark Trial

The US Department of Justice said on Tuesday it would demand that Google make profound changes to how it does business and even consider the possibility of a breakup, after the tech juggernaut was found to be running an illegal monopoly.

The Guardian - UK

Google faces US government attempt to break it up

Department of Justice examining ‘structural remedies’ to challenge tech corporation’s internet search monopoly

The Guardian - UK

Post Office CEO Nick Read appears before Horizon inquiry; US considers Google breakup in landmark antitrust case – as it happened

Rolling coverage of the latest economic and financial news

Investors Business Daily

DOJ Mulls Google Breakup As Antitrust Remedy. Google Calls Plan 'Radical.'

The Justice Department told a federal judge that it may recommend a breakup of Google parent Alphabet as part of an antitrust remedy.

Fortune

AI company Super Micro rebounds despite short seller allegations and reported DOJ investigation

Shares of the manufacturing company recovered after Super Micro reported that it would be shipping more than 100,000 GPUs per quarter.

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