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Amazon.com Inc must face consumer claims that its pricing practices artificially drove up the cost of goods sold by other retailers in violation of U.S. antitrust law, a federal judge has ruled. The ruling by U.S. District Judge Richard Jones in Seattle on Friday came in a prospective antitrust class action that has estimated damages of between $55 billion to $172 billion. The lawsuit was filed in 2020 by residents of 18 states, including Virginia, Texas, California, Florida and Illinois, challenging an Amazon policy that retailers cannot offer lower prices for goods sold elsewhere if they also want their product available on the Amazon Marketplace platform.
Credit cards have a bad reputation among some of the bigger-name finance gurus. Credit cards can make it easy to overspend, and the interest charged on a balance you don't pay off in full can be upwards of 20% APR. With this in mind, it might be surprising to learn that Tori Dunlap, the founder of Her First $100K and author of The Financial Feminist, is very pro–credit card.
The last time stimulus checks hit Americans' bank accounts, the labor market was struggling on the heels of the pandemic. At this point, it's been around two years since federal stimulus checks were issued. Given that the labor market is so strong, it's hard to make the case for stimulus aid.