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The Latest Breaking News from FTC

U.S. to open broad antitrust probe into AI giants

Microsoft and Nvidia among the companies under scrutiny.

Microsoft, OpenAI and Nvidia investigated over monopoly laws

Microsoft, OpenAI and Nvidia investigated over monopoly laws

US regulators open inquiry into AI firms over antitrust laws that oversee fair competition

The Guardian - UK

‘Strong likelihood’ ECB is in dialling back phase, says Lagarde, after first rate cut since 2019 – as it happened

‘Strong likelihood’ ECB is in dialling back phase, says Lagarde, after first rate cut since 2019 – as it happened

European Central Bank lowers borrowing costs for first time in almost five years, but won’t pre-commit to further cuts

The Guardian - UK

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The FTC scrambles to rescue its Meta break-up suit

The antitrust regulator says the company now known as Meta kept it in the dark when making key acquisitions.

Congress asked to probe tech companies hiding antitrust evidence - Roll Call

Anti-monopoly groups requested Congress investigate tech company employees encrypting messages to destroy evidence.

Bottoms up: FTC set to sue country’s largest alcohol distributor over how it prices spirits

The US competition regulator is said to be preparing a lawsuit against Southern Glazer’s Wine and Spirits under a rarely-used 1936 law

The Independent UK

The tragedy of "MoviePass, MovieCrash"

An HBO documentary illuminates the complex story behind MoviePass' seismic rise and fall

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2025 Cadillac's Optiq Crossover Aims For A Newer And Younger EV Crowd

2025 Cadillac's Optiq Crossover Aims For A Newer And Younger EV Crowd

Today on Critical Materials: Cadillac wants young buyers for new Optiq EV, Elon Musk called out for being distracted and dealers aren't happy with the FTC.

US Democrats Call For Criminal Probe Into Big Oil Price-fixing

US Democrats Call For Criminal Probe Into Big Oil Price-fixing

Senate Majority Leader Chuck Schumer and nearly two dozen Democrats called on the Justice Department Thursday to investigate the oil and gas industry over allegations of price-fixing.

International Business Times

Senate Democrats Call For DOJ Action Against Oil Collusion

Senate Democrats Call For DOJ Action Against Oil Collusion

Senate Democrats push for DOJ probe into alleged oil industry collusion and price-fixing, citing FTC findings and concerns over increased fuel costs. Repub...

Best Buy and Geek Squad were the most impersonated companies in tech scams last year

Best Buy and Geek Squad were the most impersonated companies in tech scams last year

FTC advises which companies are most frequently impersonated, how they’re impersonated, and more.

Lina Khan’s noncompete crackdown could leave most doctors and nurses out in the cold

Lina Khan’s noncompete crackdown could leave most doctors and nurses out in the cold

Provider groups are disappointed that the Federal Trade Commission’s new rule may not protect those who work for nonprofit hospitals and health care facilities, which employ the largest number of medical professionals.

I’ve Been Scammed Twice: Here’s How You Can Avoid That

I’ve Been Scammed Twice: Here’s How You Can Avoid That

What can you count on besides death and taxes? That older adults will get scammed, even savvy ones like me. Here are scams to watch for and how to get help.

If You're Out of Work, Don't Fall for a Phony Job Offer

If You're Out of Work, Don't Fall for a Phony Job Offer

The rise in layoffs has created fertile ground for employment-related scams.

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The Guardian - US

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

Windows Central

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?

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?

The Conversation

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).

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Will Antitrust Policy Smother the Power of AI?

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

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

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

International Business Times

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.

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.

International Business Times UK

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.

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...

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.

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