These are the stocks posting the largest moves before the bell.Market Insiderread more
The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread more
Investors are asking how the world's third-largest defense spender could have left itself so vulnerable and what that means for the future.Politicsread more
The presidential campaign is "going to be very tough," the former chief White House strategist.Politicsread more
Huawei launched a new 5G flagship smartphone lineup Thursday without pre-installed Google-licensed apps as the Chinese tech giant faces fallout from a U.S. blacklist earlier...Technologyread more
The Candytopia and Toys R Us partnership will open in late October in Chicago and Atlanta. The exhibits will stay open through the 2019 holidays, before moving on to different...Retailread more
Initially introduced in March 2018, the "Worker Dividend Act" requires firms to distribute the value of its stock buybacks dollar-for-dollar.2020 Electionsread more
A spokesperson for Sen. Mark Warner, D-Va., said he helped organize the dinner in D.C. at the request of Facebook.Technologyread more
The data pointed to strong labor market conditions that should continue to support a moderately growing economy.Economyread more
Warren Buffet and Jamie Dimon penned an attack on quarterly guidance and the short-term shareholder mindset last year, and support has followed from the Business Roundtable....Evolveread more
Now, yet another EU antitrust case is brewing — this time over its jobs search tool "Google for Jobs."
In a speech Tuesday, EU Competition Commissioner Margrethe Vestager drew parallels between Google for Jobs and the company's comparison shopping service, which was the subject of a $2.7 billion EU fine against Google in 2017 for anti-competitive behavior.
"We're looking right now at whether the same thing may have happened with other parts of Google's business – like the job search business known as Google for Jobs," Vestager said.
A European Commission spokesperson confirmed to CNBC a preliminary investigation into Google for Jobs is ongoing but declined to comment on timing or outcome. A preliminary investigation involves gathering information and could, or could not, lead to a formal antitrust probe. Formal EU antitrust investigations can take years to complete and can result in fines of up to 10% of a company's annual revenue.
The EU spokesperson told CNBC that the Commission's antitrust decision on Google in 2017 "gives us a framework to look at other specialized search services, such as Google jobs and local search," but added each service must be examined individually.
At stake is what Vestager calls companies acting as "both player and referee." In the case of Google's jobs search tool, for example, the company could be prioritizing its own jobs listings platform within Google search results.
In a statement, a Google spokesperson said: "Finding a job can be tough, so we worked with jobs providers to create a better experience on Search. Any provider-- from individual employers to job listing platforms-- can use this feature in Search, and many of them have seen a significant increase in the number of job applications they receive. Since launch, we've made a number of changes to address feedback in Europe."
Earlier this month, 23 jobs search websites from across Europe signed a letter to Vestager, urging the EU to formally investigate Google for Jobs for anti-competitive behavior. The letter, which was first reported by Reuters, expressed a "collective view that Google abuses its market dominance as a general search service by favouring its own online recruitment service, Google for Jobs, in its general search results pages."
Danish job search company Jobindex was one of the signatories. In an interview with CNBC Tuesday, Jobindex CEO Kaare Danielsen said he was "very concerned" about Google's impact on local recruitment platforms.
"This is a huge competitor," he said. "They have taken market after market."
The European Commission, the executive arm of the EU, has taken a tough stance on Google when it comes to antitrust. In addition to the 2017 fine, Google faced a record-breaking $5.1 billion charge in 2018 for abusing the dominance of its Android mobile operating system. In March, the Commission levied an additional $1.7 billion fine on Google for blocking rivals in the advertising sector.
Google has appealed the fines and has said products like search help deliver fast, easy connections for consumers and businesses. So far, the EU charges have done little to dent the company's bottom line with shares of Google parent company Alphabet gaining more than 25% over the past two years.
The U.S. Justice Department is currently conducting its own antitrust review of "market-leading online platforms" like Google, Amazon and Facebook and whether they have reduced competition and harmed consumers.