Facebook Inc. and Amazon.com Inc. set records for lobbying in the second quarter as Washington ramped up scrutiny of big technology companies, while Google’s spending dipped as it continued to reshuffle its influence operations.
US Treasuries shrugged off the debt-ceiling agreement reached by lawmakers this week, as Wall Street focused on policy decisions by two of the world’s most important central banks in the coming days.
TD Ameritrade CEO Tim Hockey said his departure from the online brokerage by no later than the end of February has nothing to do with mergers and acquisitions, “pro or con.”
The US Department of Justice announced a broad antitrust investigation into the leading online platforms, raising the stakes in Washington’s scrutiny of Big Tech’s power over growing parts of the economy.
Amid the bluster and bungling of the Trump administration, it can be easy to miss the genuinely important trends. The concerted effort over the past year to block, squeeze and punish China’s technology industry is one such moment.