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The Latest Breaking News from FTC

Michael Kors admits defeat by influencers and celebrities, claiming ‘brand fatigue’ in $8.5 billion federal antitrust trial

The FTC is attempting to block Tapestry’s acquisition of Capri, which would create a bag behemoth.

Fortune

Kroger and Albertsons prepare to make a final federal court argument for their merger

Closing arguments are coming up in the Federal Trade Commission's attempt to block the proposed merger of supermarket chains Kroger and Albertsons

The Independent UK

America’s national debt is ballooning—and any real solutions can only be bipartisan

Neither party seems to be seriously addressing a key issue: The national debt.

Fortune

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The 5 most important economic questions CEOs still have for Harris and Trump

Tariffs, China, semiconductors and other vital economic issues have yet to be satisfactorily addressed by either candidate.

Fortune

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

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

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TechRadar

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.

Salon

EPA rejects plastics industry’s math

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

International Business Times

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.

Latin 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

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Top News

Federal Judge Blocks FTC Rule On Noncompete Agreements

Federal judge in Texas blocks FTC rule on noncompete agreements, raising concerns about worker freedom and business relationships.

TechRadar

Don't get squishing on smishing that's fishing for your info

Smishing is spam text phishing attempts that use social engineering to steal your previous info and more. Here's how I combat it.

Reason

Censoring the Internet Won't Protect Kids

Sen. Rand Paul makes the case against the Kids Online Safety Act.

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