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The Latest Breaking News from FTC

Megamerger threatens higher grocery cost

Kroger and Albertsons merger would benefit brands that exploited the pandemic and high inflation to raise prices

Salon

"I know that this is difficult news to hear." New Microsoft Gaming layoffs hit: Xbox CEO Phil Spencer announces 650 redundancies in email to staff

Microsoft Gaming is cutting 650 staff today, after eliminating 1900 staff earlier in the year following its Activision-Blizzard acquisition. In an email to staff shared to Windows Central, Xbox CEO Phil Spencer said no studios would be closed and no devices cancelled, with most layoffs landing in corporate functions.

Windows Central

McDonald's Makes A Big Change To A Popular Menu Product

It is the latest move by the fast food giant that is looking to lure more customers to its restaurants

International Business Times

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Albertsons And Kroger CEOs Push For Merger Saying It'll Allow Them To Lower Prices And Better Compete Against Walmart, Costco And Amazon

Kroger and Albertsons seek to merge, arguing it will lower prices, but the FTC opposes the merger due to competition, job losses, and store closures.

International Business Times UK

Software group urges FTC to implement smart device software tethering guidance

In a letter to the FTC, a group of made up of 17 organizations and bodies is asking software tethering to be investigated.

TechRadar

Bernie Sanders: Kamala Harris Can Beat Trump on the Economy

The longtime senator tells Capital & Main that backing Medicare expansion, higher taxes on the wealthy and a hike in the minimum wage is a winning agenda.

Capital & Main

The CEOs of Kroger and Albertsons are in court to defend plans for a huge supermarket merger

The chief executives of Kroger and Albertsons are set to testify in federal court about their companies' proposed merger

The Independent UK

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Nvidia stock loses $280 billion in value as it confronts the antitrust police

Officials want to know if the AI chipmaker makes it hard for buyers to switch or shop around.

Fortune

IRS Back Taxes Scam Call Steals Millions

IRS fakes are cheating thousands of people out of “overdue tax debt.” Are you next?

Kiplinger

How one 83-year-old fell into a fraudster’s fear bubble – and how gift cards played a key role

Wednesday morning, the day before Thanksgiving, Mae awoke, set her hair in curlers and switched on her laptop. A message appeared. It said her Safari web browser had encountered a problem, and a link offered to connect the 83-year-old to the Apple Computer Company. Mae clicked it.

The Conversation

Security camera company required to pay $3 million to FTC for CAN-SPAM act violations

Verkada failed to implement a proper security program, leaving customers vulnerable.

TechRadar

EPA rejects plastics industry’s math

The plastics industry uses a controversial accounting method to inflate the recycled content it advertises

Salon

Big Tech's Big Gamble with AI: Are They Overextending?

Recent statistics indicate that although $50 billion has been invested in AI processors alone, huge AI models have only generated roughly $3 billion in income.

International Business Times

Care.com agrees to $8.5 million settlement amid accusations of deceptive practices

Investigation accuses Care.com of inadequate background checks, misleading earnings estimates, and unlawful tactics that hindered subscription cancellations

Latin Times

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FTC Decision May Incentivize DEI Practices In Companies Nationwide

FTC settlement on discriminatory pricing practices at an Arizona dealership sparks debate on DEI considerations in business operations.

PC Gamer

The FTC is banning fake reviews, false testimonials and all sorts of shady consumer deception with an ominous sounding 'final rule'

'The final rule will protect Americans from getting cheated, put businesses that unlawfully game the system on notice, and promote markets that are fair, honest and competitive.'

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