Anna's Daybreak News

Good morning news fiends! We're here to crack open the biggest stories, serve up the most interesting tidbits, and keep you informed in a flash. 📰🌟

• The US Federal Trade Commission and 17 states have filed an antitrust case against Amazon.com


• The suit alleges Amazon operates with a monopoly power and is overcharging sellers and degrading shoppers


• The case is the fourth the agency has filed against the e-commerce giant this year


• FTC Chairman Lina Khan calls the case a career-defining moment


• The verdict in this case will be sure to have lasting effects, and could be the defining moment that will decide the fate of e-commerce giants today
Source: Read More

• 2020 has seen a dramatic increase in insurance companies leaving markets in areas prone to natural disasters like floods and wildfires, such as Florida and California.


• Premiums for certain types of insurance have been increasing drastically, and many insurance companies can't turn a profit in such areas.


• The effects of climate change, combined with population growth and a underrated importance in geographical risk, are all major factors contributing to the insurance exodus.


• In conclusion, it appears that insurers are making a slow but steady move away from disaster-prone locations, leaving many businesses and homeowners vulnerable to catastrophe.
Source: Read More

• Consumer confidence index slides to 103.0 in September, a four-month low


• Labor market differential increases to 27.3 and new home sales drop 8.7%


• Rising interest rates and inflationary pressures lead to consumer concern


• With an impending government shutdown and student loan repayments, it's time to buckle up for a bumpy ride
Source: Read More

• President Joe Biden joined United Auto Workers strikers on their picket line for the 12th day of the work stoppage.


• His appearance is a demonstration of support for organized labor, seemingly without precedent in U.S. history.


• Biden gave a rousing speech to the strikers, urging them to 'stick with it' and that 'good things come to those who wait'.


• Uncle Joe decided to go back to his roots and tooted the unions horn
Source : Read More

Baked with love,

Anna Eisenberg ❤️