Morning Business Report: DOJ investigates NFL over media rights, consumer concerns

At the same time, economic pressures are hitting other industries.

(LILAMAX)- The U.S. Department of Justice has opened an investigation into whether the National Football League engaged in anticompetitive practices that may harm consumers, with a focus on how fans access games.

According to an exclusive report from The Wall Street Journal, the investigation centers on media rights deals. The league operates under the Sports Broadcasting Act, which allows teams to collectively negotiate television packages under limited antitrust protection. However, regulators and lawmakers have raised concerns that fragmented streaming deals make it harder and more expensive for consumers to watch their favorite teams.

At the same time, economic pressures are hitting other industries. The U.S. Commerce Department reports furniture store sales have dropped about 8% since 2022, as high mortgage rates and home prices slow the housing market and reduce demand for large purchases like couches and dining sets.

On Wall Street, markets posted gains. The Dow Jones Industrial Average rose 275 points for a second straight day, putting the index back in positive territory for the year.

Meanwhile, American Airlines is raising checked baggage fees by $10 for both the first and second bags on domestic and short-haul international flights, as airlines adjust pricing to offset rising fuel costs.

The United States Postal Service is also proposing a price hike, increasing first-class stamps from 78 cents to 82 cents starting July 12, pending approval from the Postal Regulatory Commission. USPS officials warn the agency is facing a severe financial crisis and could run out of cash by February without changes.