AMAZON NEWS, PRICE CHART, AND TECHNICAL ANALYSIS - CAPITAL STREET FX

-

 

AMAZON, MAJOR PUBLISHERS WIN DISMISSAL OF ANTITRUST LAWSUITS OVER BOOK PRICING

A federal judge on Thursday dismissed two antitrust lawsuits accusing Amazon.com Inc (NASDAQ:AMZN) and five large publishers of illegally conspiring to fix U.S. prices of electronic and traditional books, causing consumers and bookstores to pay more.

U.S. District Judge Gregory Woods in Manhattan accepted a magistrate judge’s recommendations to end both cases against Amazon, Hachette Book Group, HarperCollins Publishers, Macmillan Publishing Group, Penguin Random House and Simon & Schuster.

Consumers accused the defendants of signing agreements that let the publishers inflate e-book prices by locking in a 30% “agency” fee for Amazon on each sale, and guaranteeing that Amazon’s prices would not be undercut.

Retail booksellers, meanwhile, alleged that Amazon had been awarded a “discriminatory discount” on hardbacks, paperbacks and mass-produced books, forcing them to pay higher wholesale prices to the publishers and depressing book sales.

According to the plaintiffs, Amazon commands 90% of retail e-book sales and 50% of print trade book sales, while the publishers account for 80% of both kinds of books.

But in two opinions totalling 113 pages, U.S. Magistrate Judge Valerie Figueredo recommended last month that both lawsuits be dismissed, citing a lack of evidence of collusion.

AMAZON.COM INC. TECHNICAL ANALYSIS: DAILY CHART

READ FULL REPORT - VISIT US

Comments

Post a Comment

Popular posts from this blog

TECHNICAL ANALYSIS REPORT – 12 AUGUST 2022

-
Image
  WALLSTREET LOWER ON THE EXPECTATION THAT FED STILL NEEDS AN INTEREST RATE HIKE   Asia-Pacific stocks tracked Wall Street losses and the yen fell on Friday. The Shanghai Composite is down 0.11% at 3,278.39. Overall, the Singapore MSCI is down 0.03% at 308.45. Over in Hong Kong, the Hang Seng Index is up 0.61% at 20,150.00. In Japan, the Nikkei 225 is up 2.63% at 28,510.00, while the Topix index is up 2.07% at 1972.50. South Korea’s Kospi is up 0.11% at 2,526.55. Australia S&P/ASX 200 down 0.65% at 7024.90. Top News of the Day: The Nasdaq and S&P 500 retreated to close lower on Thursday on the realization the Federal Reserve still needs to aggressively boost interest rates to fully tame rising consumer prices despite fresh evidence of cooling inflation. The S&P 500 closed a tad lower after earlier hitting fresh three-month highs following data that showed the U.S. producer price index (PPI) unexpectedly fell in July. Market Summary as per 11/08/2022: European equities Thurs
Read more

GET DAILY PROFITABLE TRADE SIGNAL WITH CAPITAL STREET FX

-
Image
    USDZAR BUY = 16.7273 TARGET= 17.7765 SL= 16.6961                                                    SIEMENS AG SELL = 104.81   TARGET= 103.37 SL= 106.48                                                 BRENT CRUDE OIL SELL = 99.54 TARGET= 96.87 FOR DAILY LIVE SIGNALS VISIT US
Read more

EURCHF TECHNICAL ANALYSIS, FORECAST AND TRADE SIGNALS

-
Image
  EURCHF TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, EURCHF is trading in an upward channel. It is trading above MA (20) but below MA (50) and MA (100). RSI is in buying zone which indicates bullishness. MACD is currently trading below zero which indicates bearishness. The immediate support is at 1.02268 and the resistance level is at 1.05095 EURCHF is trading in an upward channel until there is a trend reversal. EURCHF TECHNICAL ANALYSIS: DAILY CHART CLICK HERE FOR FUL L REPORT
Read more