>>DOJ Sues Apple For Alleged Antitrust Law Violations
(Washington, DC) -- Apple is being sued for alleged antitrust law violations. The lawsuit filed by the Department of Justice along with 16 state and district attorneys general claims Apple has monopolized the smartphone market by blocking competitors from accessing hardware and software features of the iPhone. Attorney General Merrick Garland said if left unchallenged, Apple will only continue to strengthen its smartphone monopoly. Apple pushed back in a statement, claiming the lawsuit is "wrong on the facts and the law." The DOJ also alleges Apple deliberately made the quality of cross-platform messaging worse to incentivize users of other smartphones like Android to switch to iPhone.
>>NY AG Takes First Step To Seize Trump Assets
(Westchester County, NY) -- The New York attorney general is taking the first step in possibly seizing some of former President Trump's assets. State lawyers entered judgments in Westchester County earlier this month. That's where Trump's Seven Springs golf course and private estate is located. Trump has until Monday to post a 464-million dollar bond in his civil fraud case or convince an appeals court to let him post a smaller amount until after he appeals the decision. Trump has said he would be forced to take extreme measures such as selling some of his properties for cheap "fire sale" prices in order to be able to post the bond.
>>Home Sales Soar To Highest Levels In A Year
(Washington, DC) -- Home sales in the U.S. rose to the highest level in a year in February. That comes despite surging mortgage rates. The National Association of Realtors reports existing home sales went up nearly ten-percent in February from the previous month. That's the second straight month of an increase in sales. It's a sign sales are rebounding after dropping in the fall as mortgage rates soared.
>>Reddit Shares Up On First Day Of Trading
(Undated) -- Reddit shares jumped in the company's market debut. The share price opened Thursday at 47-dollars, well above the initial public offering price of 34-dollars a share. It reached a high of 57-dollars-and-80 cents before closing at 50-dollars-and 44 cents. The IPO raised about 520-million for the company, trading under the stock ticker RDDT.
>>Stellantis Announces Investment In French Start Up
(Undated) -- Automaker Stellantis has announced an investment in a French company that will help create driver assistance systems. SteerLight makes microchips with LIDAR [[ lie-dar ]] that can detect the environment around a vehicle in three dimensions. Officials with SteerLight says with this investment from Stellantis they can accelerate the adoption of autonomous vehicles. The total dollar investment made by Stellantis was not released.
>>Over 440-Thousand Starbucks Mugs Recalled
(Undated) -- Nestle´ is recalling over 440-thousand Starbucks mugs. According to the U.S. Consumer Product Safety Commission, the mugs can overheat and break, causing burns and other injuries. The recall is for metallic mugs that were sold as a part of 2023 holiday Starbucks branded gift sets at Walmart, Target and military retail outlets. The mugs were manufactured by Nestlé USA. There have been a dozen reports of the mugs breaking or overheating and causing ten injuries, including blisters and severe burns.
>>Timberwolves New Ownership
(Minneapolis, MN) -- The Minnesota Timberwolves are almost under new ownership. "The Athletic" is reporting that Marc Lore and Alex Rodriguez submitted paperwork to the NBA that will allow them to buy majority ownership of the team. Dyal Capital Partners is investing in the pair after private equity firm Carlyle dropped out earlier in the week. Lore and Rodriguez agreed to purchase the Wolves from Taylor in 2021, beginning a process of slowly buying shares of the team over the last two years.
