The FTC, which argues that Microsoft's $69-billion acquisition of gaming giant Activision Blizzard ATVI will hurt fair competition across the video game industry, is appealing the decision.Īmazon AMZN stock surged after the company's two-day 'Prime Day' event registered a 13% jump from last year's event, with day one marking the company's largest single sales day ever. Microsoft MSFT shares rose after a federal judge ruled in favor of the company in a lawsuit filed by the Federal Trade Commision. This decision could set a precedent for other cryptocurrency companies facing similar legal challenges. The SEC said Ripple engaged in unregistered sales of XRP XRP/USD which the agency considers to be a security. judge determined the sale of XRP tokens by Ripple Labs did not constitute an offer of investment contracts, as the Securities and Exchanges Commission had alleged in a lawsuit against the company. The world of crypto was shaken this week after a U.S. The Thursday report showed that both PPI and core PPI (which strips out volatile food and energy prices) rose by only 0.1% in June, below the analyst consensus of 0.2%. Producer Price Index inflation data was also welcomed positively by investors. The rate came below average economist estimates of 3.1% and marked a whole percentage point drop since May's 4%. Shares of the search engine leader climbed this week after the company announced the launch of its AI search engine assistant Bard in Europe and Brazil.Īnnual Consumer Price Index inflation in June was at its lowest level since March 2021, at 3%. The Nasdaq Composite is set for a whopping 3.36% weekly gain Google's parent company Alphabet GOOG GOOGL led gainers in the tech-dominated index.

Other major market indexes also showed an upward trajectory, with the Dow Jones rising 2.36% on the week. The index was 2.48% higher on the week ahead of the market close Friday. The S&P 500 is closing the week in the green in light of positive inflation data.

Inflation interactive game