Even competition is bad for consumers when the prize is monopoly

When monopoly power is the prize, competition becomes dangerous for both companies and consumers. This was one of several conclusions in a preprint paper published in the National Bureau of Economic

More News

Elon Musk tells court Saudi Arabia wanted to take Tesla private; $420 ‘not a joke’

Tesla Inc. Chief Executive Elon Musk returns to court Monday to defend old tweets in a securities fraud trial in San Francisco. He testified he understood he had support from Saudi Arabia's

Spotify Axes Jobs and Stock Runs Into Resistance. Here's the Trade.

Spotify is cutting about 6% of workforce. The stock is rallying on the news -- and running into resistance. Spotify - Get Free Report shares have been on a tear lately and on Mond

‘Taxpayers bring their racial identity onto their 1040’: White families are reaping over 90% of the benefit from this powerful tax rule

White families are pulling in more than 90% of the tax benefits that come from lower tax rates for capital gains, more than 90% of the tax benefits from itemized charitable deduct

World's top stock strategist says investors are falling into a trap—again

The final stages of the bear market are always the trickiest,” Morgan Stanley's CIO Mike Wilson wrote on Sunday. "We're not biting on this recent rally."

How pay transparency may affect your job search or next raise

That may be changing, though, and pay transparency may be the catalyst. It’s a growing trend for companies to reveal what a job opening or current position pays - whether voluntarily, or because

Germany and France Push for Huge Spending to Compete With US

Germany and France warned that European businesses will need to unleash investments on a nearly unparalleled scale to keep from falling behind US and Chinese firms as countries revamp their economies

Is crypto better or worse since its collapse? Here's what CEOs at Davos said

As our Jennifer Schonberger put it, “gone were the crypto houses every ten feet, bitcoin-themed pizza stalls and advertising from previous years.” “I think regulated transparent infrastructure like