FTC sues Ticketmaster, Live Nation, alleging ‘illegal’ ticket resales

FTC sues Ticketmaster, Live Nation, alleging ‘illegal’ ticket resales

The U.S. Federal Trade Commission on Thursday sued Ticketmaster and its parent company, Live Nation Entertainment, over what it called “illegal” ticket resale tactics. The lawsuit was filed in federal court in California. Seven states joined in the lawsuit, including Florida, Illinois and Virginia. In the filing, the FTC wrote that the companies “tacitly worked”…

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The Fed’s rate cut masked large internal differences about where policy is going

The Fed’s rate cut masked large internal differences about where policy is going

The Federal Reserve found plenty of unity this week to push through a quarter percentage point interest rate reduction, a decision that nonetheless masked substantial divisions among officials over what’s ahead. Countering Wall Street expectations for multiple dissents, the rate-setting Federal Open Market Committee on Wednesday voted 11 to 1 in favor of the reduction….

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