The Department of Justice and eight states on Friday accused software company RealPage of unlawfully scheming to undermine competition among landlords and create a monopoly that harms millions of renters. RealPage “allows landlords to manipulate, distort, and subvert market forces,” the Justice Department said in a civil complaint in U.S. District Court in North Carolina. “At bottom, RealPage is an algorithmic intermediary that collects, ...
DETROIT — Ford Motor’s profit engine for decades has been large trucks and SUVs in the U.S. So it might surprise investors that the automaker believes its new path to profitability for electric vehicles will first be led by smaller, more affordable vehicles. The new plan is an “insurance policy” for the automaker to be able to expand its growingly popular ...
Federal Reserve chair Jerome Powell on Friday gave the clearest indication yet that the central bank is likely to start cutting interest rates, which are currently at their highest level in two decades. If a rate cut comes in September, as experts expect, it would be the first time officials have trimmed rates in over four years, when they slashed them to near zero at the beginning ...
Federal Reserve Chair Jay Powell said Friday he expects the central bank will cut its key interest rate in the near future in response to slower economic growth and cooling inflation. At a speech during the Fed’s annual August summit in Jackson Hole, Wyoming, Powell said ‘the time has come for policy to adjust.’ His remarks come as price growth ...
Russia’s President Vladimir Putin likes to project himself as a strongman. But his track record of handling recent crises in Russia reveals a different side of his presidential persona: one of paralysis and indecision. A day and a half after Ukrainian troops stormed a Russian border crossing and continued, almost unimpeded, across the wide green fields of the southern Kursk ...
An Indonesian court ordered two local companies to pay up to 60 million rupiah ($3,850) to each family whose children died of an acute kidney injury or were seriously injured after consuming toxic cough syrup. More than 200 children in Indonesia died of the injury and about 120 more survived, some of whom lived with disabilities which led to financial ...
Four officers at a maximum security prison in Russia were killed after inmates who identified themselves as affiliated to ISIS took several staff hostage, Russian state media reported. Russian special forces said the alleged hostage takers were all “eliminated” in an operation that saw some hostages freed, at the penal colony in the town of Surovikino. The National Guard of ...
The attacker is on the run and police are treating the incident as a terror attack, said a German police spokesperson. Police services are utilizing all available resources, including personnel and vehicles, and a large-scale manhunt is underway, the spokesperson added. The attack occurred at a “Festival of Diversity” being held in the city, which is a three-day event marking the ...
Khin Mar Cho worries for her 4-year-old son as she struggles to scrape together enough food to feed him in a makeshift displacement camp at a crowded monastery in western Myanmar. Soldiers had stormed their village of Byine Phyu, Rakhine state, and forced her and other family members out of their homes. They detained all the men and shot her ...
Ukraine’s audacious foray into the Russian region of Kursk has been a triumph for its military intelligence and tactical agility – and equally a signal that, despite its advantage in terms of men and armor, the Russian military has plenty of vulnerabilities. Just as importantly, it’s also sent a political message to Kyiv’s allies that has changed the prevailing narrative of the war – ...