China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
U.S. May Force Google to Break Up Over Search Monopoly
The U.S. Department of Justice (DOJ) is considering a major action against Google to address its monopoly on online search, which dominates 90% of the U.S. market. Following a ruling by U.S. District Judge Amit Mehta, Google was found to have built an illegal monopoly, marking a pivotal moment in antitrust enforcement.
Prosecutors have indicated that forcing Google to divest parts of its business is among the remedies under consideration. A detailed proposal from the DOJ is expected by November 20, while Google will have until December 20 to present its solutions.
Competitors Call for Google Breakup
Several companies, including Yelp and DuckDuckGo, are pushing for the breakup of Google’s key assets, like its Chrome browser and AI services, to level the playing field in search. Yelp has also advocated for restrictions on Google’s preferential treatment of its business pages in search results.
Google Faces Increasing Pressure
Although Google plans to appeal the ruling, citing the quality of its search engine and competition from Amazon and others, the threat of a forced breakup looms large. Experts like Adam Epstein, co-CEO of adMarketplace, believe that the possibility of divestiture may be the only way to ensure compliance with less severe remedies.
Major tech players, including Microsoft and Apple, have yet to comment on the ruling. The outcome could reshape how Americans find information online.
