US President Donald Trump accused Alphabet Inc's Google (NASDAQ:GOOG) in a tweet of suppressing good news about his administration, echoing a claim that first appeared in right-wing media, a report in the Verge said.
Trump said Google and others were “hiding information and news that is good,” and said that this was a “very serious situation” that “will be addressed.”
Google search results for “Trump News” shows only the viewing/reporting of Fake New Media. In other words, they have it RIGGED, for me & others, so that almost all stories & news is BAD. Fake CNN is prominent. Republican/Conservative & Fair Media is shut out. Illegal? 96% of...— Donald J. Trump (@realDonaldTrump) August 28, 2018
Google strongly rejected Trump's accusation.
"Search is not used to set a political agenda and we don't bias our results toward any political ideology," Google said in a statement.
Larry Kudlow, Trump's economic adviser, said the administration is "taking a look" whether Google's searches should be regulated by the government, The Washington Post reported.
Google's shares were weaker by 0.4% at US$1,236.78.
At CS$7.99, the monthly option gives Prime Members in Canada an alternative to the existing annual membership which is C$79.
The rate of signups has expanded in Canada, with the number of Prime members doubling in the last 18 months, the report said.
Amazon stock slipped 0.5% to US$1,936.50.
Warren Buffett's Berkshire Hathaway Inc has joined the battle to win users in India by acquiring a stake in the company behind payments leader Paytm, the report added.
A string of new apps have made payments increasingly easy and the discounts and cash bonuses they offer are irresistible to young, urban users.
Facebook shares were up 0.08% to US$177.60.
The report said growth among low-income users for Netflix has stalled while other paid streaming services have continued to add new users.
Netflix shares were off 0.09% to US$364.27.
Analysts believe that the new 5.8-inch iPhone X will drop by US$100, starting at US$899. The 6.5-inch would then become the new US$999 iPhone, with upgraded storage options.
Shares of Apple were higher by 0.78% to US4219.65.