The clock is ticking for U.S. lawmakers to avert a government shutdown, with the Senate putting forth a spending bill that has yet to be voted on in the House. Amazon (AMZN) faces an antitrust lawsuit from FTC officials over the online retailer's alleged monopoly in the digital market space and its anti-competitive practices. The Writers Guild of America (WGA) has reached a deal with studio executives after nearly five months of protest. Yahoo Finance anchors Seana Smith and Brad Smith rundown several of this morning's top news stories, live from the Nasdaq MarketSite. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Amazon (AMZN) is facing an antitrust lawsuit from the FTC over allegations of abusing its position in the digital market space to boost prices and promote its products over third-party sellers. Main Street Research CIO James Demmert joins Yahoo Finance to give insight into how investors should be eyeing Amazon shares after these recent developments. Demmert explains that this isn't the first time regulators have gone after a large corporation and that these types of lawsuits can "take months, if not years to resolve themselves." Demmert also notes the buying opportunity this presents for investors "on the weakness of this stock, and the weakness of this market." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The FTC and 17 state attorneys general filed an antitrust suit against Amazon on Tuesday, alleging the company operates an illegal monopoly.