T-Mobile is acquiring U.S. Cellular’s wireless operations and certain spectrum assets in a deal worth $4.4 billion, further consolidating the wireless industry. This transaction will provide T-Mobile with more than 4 million new customers and control over U.S. Cellular’s wireless operations and approximately 30% of its spectrum assets across various… Read More

The U.S. Department of Justice has filed a major antitrust lawsuit against Ticketmaster and its parent company, Live Nation Entertainment, accusing them of running an illegal monopoly over live events in America. The lawsuit, supported by 30 state and district attorneys general, aims to break up the monopoly, which they… Read More

Phil Schiller, a longtime Apple executive, admitted in court on Wednesday that the court-ordered changes to the U.S. payment system in the iPhone app store haven’t significantly increased competition. This shortcoming could lead to a federal judge demanding further changes to the app store’s payment system. Schiller, who has been… Read More

The spring homebuying season continued to face challenges last month due to high mortgage rates and rising prices. According to a report released by the National Association of Realtors on Wednesday, existing home sales decreased by 1.9% in April, reaching a seasonally adjusted annual rate of 4.14 million, down from… Read More

Vivek Ramaswamy, a former Republican presidential candidate and biotech entrepreneur, has acquired a minority stake in Buzzfeed, a digital publishing company that shut down its media outlet last year. The news of Ramaswamy’s 7.7% stake in Buzzfeed, disclosed in a Securities and Exchange Commission filing late Tuesday, caused the company’s… Read More

Riley Keough, the granddaughter of the legendary Elvis Presley, is embroiled in a legal battle to prevent the public auction of Graceland, the iconic estate in Memphis that once belonged to the king of rock ‘n’ roll. The auction was scheduled for Thursday this week after a company claimed that… Read More

Ride-hailing giants Uber and Lyft have announced that they will continue operating in Minnesota following the state lawmakers’ approval of a measure to increase driver pay. Although the new pay rates are lower than those approved by the Minneapolis City Council in March, they aim to ensure that drivers across… Read More

Target has announced plans to slash prices on thousands of everyday items this summer, including essentials like diapers and milk, in response to the impact of inflation on household budgets and the growing trend of Americans paying closer attention to their spending habits. The price cuts, which have already been… Read More