Congress Pushes Back on Amazon, Facebook in Antitrust Dispute

Three U.S. senators and a House member told (AMZN) and (FB) to abandon their efforts to disqualify Federal Trade Commission Chair Lina Khan from involvement with the commission’s antitrust activities related to the two businesses. The FTC has initiated antitrust litigation against Facebook (ticker: FB), seeking to separate Instagram and WhatsApp from the company and accusing it of operating a monopoly business. Facebook scored a significant victory when a federal judge agreed to dismiss the suit but gave the FTC a chance to refile its argument.

UPDATE 1-Amazon delays office return until January – memo Inc on Thursday said it would not expect U.S. corporate employees to return to the office until next year because of the coronavirus pandemic, according to an internal note seen by Reuters. Amazon did not immediately return a request for comment. “As we continue to closely watch local conditions related to COVID-19, we are adjusting our guidance for corporate employees,” the note said.

3 Underrated Tech Dividend Stocks You Shouldn’t Ignore

Coming out of the dot-com bubble, very few people would have guessed that 20 years later the five largest companies in the U.S. would all be technology companies. Granted, technology companies are not known for high dividend yields, but their cash-flow-rich business models have supported years of dividend increases. Let’s take a closer look at three tech companies that should get more love from dividend investors.

1 Thing the Market Got Wrong in Amazon’s Earnings Report

Amazon’s (NASDAQ: AMZN) latest earnings results were enough to beat analysts’ expectations, but the stock fell after management issued lower-than-expected guidance for the third quarter. As of this writing, the stock is down 6.5% since the earnings report, but strong demand from new Prime customers is causing Amazon to spend aggressively to support growth. Amazon posted revenue growth of 27% year over year in the second quarter, or 24% adjusted for currency fluctuations.