Amazon Is Facing A Lawsuit From The FTC And 17 States For Allegedly Inflating Online Prices And Overcharging Third-Party Sellers
US regulators and 17 states are suing Amazon over allegations that the e-commerce giant abuses its position in the marketplace. The lawsuit claims that Amazon inflates prices and overcharges sellers both on and off its platform while stifling competition. Amazon faces a significant legal challenge after a years-long investigation, as a lawsuit was filed on […]
USD/CNH to Remain Sideways in Short Term, According to UOB
USD/CNH reached its 11-month high at CN¥7.3681 in September, just below its October 2022 peak at CN¥7.3773. Since then, it has dropped to CN¥7.2392, which was its early September low, and then to the CN¥7.2596 mid-September trough. The currency has since gradually risen again. Fed member Kashkari’s speech on Monday, which predicted another rate hike, […]