Justice Department may be readying potential antitrust lawsuit against Apple: report

The iPhone maker has been under investigation by the Justice Department for more than three years over charges from developers that it has abused its market power to stifle competition. It remains unclear if the department will pursue a formal case, according to a report in Politico on Friday, citing people with direct knowledge of the matter. Read More...


Pandemic may have worsened trends towards sluggish U.S. labor supply

U.S. labor markets are even more constrained than the current 3.5% unemployment rate indicates, according to new economic research that argues declines in the number of hours employees want to work were reinforced by the pandemic and are set to continue. The research, released on Friday at the Kansas City Federal Reserve’s annual Jackson Hole research symposium in Wyoming and published separately, shifts the focus from how many people are working, to how many hours they are putting in – or want to. In economically more developed nations, the trend on that front has been falling for decades, according to research presented at the symposium and conducted by Goethe University Frankfurt’s Nicola Fuchs-Schundeln, Vanderbilt University’s Adam Blandin and the St. Louis Fed’s Alexander Bick.

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