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The Latest Breaking News from FTC

Corporations are forcing Americans to pay more for less – in their own words

Companies in the oil, hotel, meat and other sectors are price-gouging the US public. They’re not hiding it, either

The Guardian - US

What to expect from the Xbox Games Showcase 2024: A roadmap for the future, and big questions answered — but will you like the answers?

Microsoft's big Xbox Games Showcase for 2024 kicks off in earnest on June 9, 2024. Xbox has been under a microscope this year for upending console exclusivity traditions as well as layoffs. Microsoft will be hoping to turn a page at the showcase, but will it be enough?

Windows Central

No Noncompete Clauses? What Does That Look Like?

Businesses are challenging the FTC’s recent ban on noncompete clauses, but would a world without noncompetes really be so bad for business?

Kiplinger

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Worried your address, birth date or health data is being sold? You should be – and the law isn’t protecting you

Australians don’t know and can’t control how data brokers are spreading their personal information. This is the core finding of a newly released report from the Australian Competition and Consumer Commission (ACCC).

The Conversation

Will Antitrust Policy Smother the Power of AI?

Left alone, artificial intelligence could actually help small firms compete with tech giants.

Reason

IRS Direct File Will Be Permanent, Competing With TurboTax, H&R Block

The IRS says it will bring Direct File back next tax season.

Kiplinger

Schumer Urges FTC To Halt Chevron-Hess $53B Merger Over Fear Of Gas Price Hike

Senate Majority Leader Chuck Schumer has urged the Federal Trade Commission (FTC) to intervene in Chevron Corp's proposed $53 billion acquisition of Hess Corp, citing concerns over potential gas price increases.

International Business Times

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Tell the College Student in Your Life to Look Out for This Scam

Scammers are targeting college graduates with fake job ads, according to the FTC.

Kiplinger

Jeff Bezos, Other Amazon Execs Used This App To Keep Their Texts Private Amidst Antitrust Lawsuit

Amidst FTC accusation that Amazon deleted evidence about Signal app; the company insists they cooperated with the probe.

International Business Times UK

FTC Chairwoman Lina Khan's Impact On American Tech Industry

Criticism of the FTC's aggressive regulatory approach towards American tech companies, led by Chairwoman Lina Khan, raises concerns about innovation, econo...

Top News

FTC Alleges Oil CEO Colluded With OPEC To Inflate Prices

FTC alleges former oil CEO colluded with OPEC to inflate prices, raising concerns about anticompetitive behavior and consumer impact.

Top News

FTC bars former Pioneer CEO in Exxon Mobil deal, saying he colluded with OPEC

Exxon Mobil's $60 billion deal to buy Pioneer Natural Resources received federal clearance, but former Pioneer CEO Scott Sheffield was barred from joining the new company's board of directors.

WEKU

US Clears ExxonMobil Deal, Bars Pioneer Ex-chief From Board

US antitrust authorities cleared ExxonMobil's acquisition of Pioneer Natural Resources under the condition that the shale producer's former CEO be barred from the company's board, regulators announced Thursday.

International Business Times

Amazon, Target and other retailers pull weighted infant sleepwear over safety fears

Federal regulators, medical experts and safe-sleep advocates have warned of the potential danger of weighted infant sleepwear, but manufacturers say their products have helped millions of families.

WEKU

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US Lawmaker Investigates FTC's Role In Blocking Amazon Irobot Merger

US lawmaker investigates FTC's role in blocking potential Amazon-iRobot merger, raising concerns about market competition and regulatory oversight.

TV Tech

FCC, FTC Ink Agreement to Cooperate on Net Neutrality Enforcement

Following the restoration of net neutrality rules, the two agencies will coordinate their enforcement efforts

TechRadar

Ring cameras used to spy on you—is it safe to use smart devices?

Ring camera users get a multi-million settlement—but why do we keep inviting surveillance into our homes? Here's what you need to know when it comes to nosy IoT devices.

TechRadar

Razer ordered to pay $1.1 million in refunds over its Zephyr RGB mask N95 claims

Razer has been ordered to refund its users $1.1 million after claiming its Zephyr masks were N95 quality when they were not.

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news in one place.

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Top News

FTC's Ban On Noncompete Agreements Faces Legal Challenges

FTC's new Noncompete Clause Rule bans noncompete agreements to enhance job market competition.

Digital Camera World

Amazon-owned Ring pays out over $5.6 million over security breaches

117,004 consumers who purchased a Ring doorbell will receive compensation after their private data was hacked

Top News

US Chamber Of Commerce Sues FTC Over Noncompete Ban

Legal challenges emerge against FTC's noncompete ban, raising questions on regulatory authority.

International Business Times

FTC Issues $5.6 Million Refunds To Amazon Ring Camera Buyers Over Privacy Concerns

Recipients of the refunds will receive payments via PayPal, with amounts varying between $150.00 and $47.70, depending on factors such as the type of Ring device owned and the timeframe of account usage.

Barchart

Capri Holdings: May 17 $35 Unusually Active Call Option Is a No-Brainer

One stock stood above all others in Wednesday’s unusual options activity. Capri Holdings’ May 17 $35 call had a Vol/OI ratio of 526.92, almost three times the next-highest ratio. Whoever was buying yesterday was right on the money. Here’s why.

PC Gamer

US game devs celebrate as non-compete clauses, previously deemed 'a trash way to keep the talent', face a ban from the FTC—which would free up movement across the AAA industry

"There are going to be SO MANY new indie games from AAA devs if this goes through."

Top News

Federal Government Takes Actions To Benefit American Workers

FTC bans noncompete agreements, Biden's overtime rule expands eligibility, facing challenges.

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