FTC sues Amazon

Market Overview

Year To Date Performances:

1. The Federal Trade Commission (FTC) has launched a lawsuit against Amazon, accusing the company of deceptive tactics and consumer protection law violations. It's alleged that Amazon used manipulative strategies to trick consumers into signing up for its Prime subscription service without their consent and made cancellation a challenging process. This marks the third FTC lawsuit against Amazon within a month.

2. U.S. energy companies have reduced domestic oil and gas drilling to a low not seen since April 2022 due to persistently weak oil prices. The decrease in drilling activity is projected to persist. Concurrently, crude oil reserves have consistently increased for two months, reaching a two-year high.

3. Statistics show that over 50% of business owners (including entrepreneurs and founders) have health issues that impact the success of their businesses. These health issues can be as small as low energy or as significant as diabetes. Either way, you can proactively work to prevent these by dedicating less than 2 hours a week to improving your health. 'I’ve negotiated with Raj to allow all of you to join Raj’s exclusive Telegram Chat (normally $49.99 per month) for FREE. Get daily advice now!*

4. Headlines

   1. Uber is laying off 35% of its recruitment team. (~200 employees).

   2. Bitcoin option volume is at a 3-month high.

5. Preview of Premium Insights

   1. Biden attacks Xi Jinping

   2. US Real Estate Market

   3. Mergers and Acquisitions

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