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FTC, State Attorneys General Hit Facebook With Antitrust Lawsuit

  • FTC, State Attorneys General Hit Facebook With Antitrust Lawsuit FTC, State Attorneys General Hit Facebook With Antitrust Lawsuit 1:12
2:42 p.m. March 5, 2021 - Barrons.com
Vaccines Put Some Pep in the Step of Travel Stocks Stocks of airlines and cruise lines have been among the biggest victims of the pandemic. But as hopes for a recovery rise, these company have been raising funds and watching their shares take off.
4:22 a.m. March 5, 2021 - MarketWatch.com
Veteran Democratic congresswoman takes aim at online scams, fatal furniture tip-oversRep. Jan Schakowsky, an Illinois Democrat who chairs the House Energy and Commerce Committee’s subpanel on consumer protection, speaks about what she’s working on and previews expected changes under the Biden administration.
9:35 a.m. March 4, 2021 - By Ciara Linnane
U.S. COVID death toll above 518,000 as Biden adds voice to outrage at Texas and Mississippi for reopeningThe U.S. death toll from the coronavirus-borne illness COVID-19 climbed above 518,000 on Thursday, as President Joe Biden added his voice to a chorus of outrage over Texas and Mississippi's decision to reopen their states for business, just as declining case numbers are stalling and public health experts are urging Americans to stick with safety measures.
3:17 a.m. March 4, 2021 - Barrons.com
ARK Innovation Is Dropping Again Tighter eligibility for stimulus payments could exclude 12 million more Americans, Google says it won’t target ads to users based on their personal browsing history, why you may need a vaccine passport, and other news to start your day.
12:01 a.m. March 3, 2021 - MarketWatch.com
What to do if your debit card is lost or stolen If you suspect bank account fraud, act fast. Otherwise, any money that’s missing may be gone for good. Here’s what to do.
5:23 a.m. March 2, 2021 - Barrons.com
Gensler, Chopra Face Senate Banking Committee Here's what you need to know to navigate the markets today.
8:40 a.m. March 1, 2021 - By Chris Matthews
Meme stocks, crypto and student loans: what to watch for at SEC, CFPB confirmation hearings President Biden will have the opportunity to force profound changes on the American corporate sector on Tuesday morning, when his picks to lead the Securities and Exchange Commission and the Consumer Financial Protection Bureau will participate in confirmation hearings before the Senate Banking, Housing and Urban Affairs Committee.
3:24 a.m. Feb. 26, 2021 - By Jon Swartz
House members assail Big Tech (again), consider changes to antitrust lawThe House Judiciary Subcommittee on Antitrust, Commercial, and Administrative Law held the first in a planned series of hearings to 'consider legislative proposals to address the rise and abuse of market power online and to modernize the antitrust laws.'
11:36 a.m. Feb. 25, 2021 - By Mark DeCambre
Dow tumbles 560 points for worst percentage fall in 3 weeks as bond yields surgeStock-market benchmarks finished sharply lower Thursday, with rising yields putting further pressure on once-highflying tech stocks.
12:16 p.m. Feb. 23, 2021 - By Chris Matthews
Big tech should fear an FTC push against monopoly power, experts sayAntitrust reform has emerged an an issue of bipartisan concern in Washington as leaders in both parties have expressed dismay over growing industrial concentration, particularly in high tech, but experts say investors should pay less attention to what's happening in a Congress distracted by debates over COVID relief and impeachment and look to regulatory agencies like the Federal Trade Commission, if they are hoping to learn how competition policy may impact the bottom lines of some of America's largest corporations.
10:56 a.m. Feb. 22, 2021 - By Chris Matthews
Senate panel to hold nomination hearings for SEC, CFPB heads on March 2The Senate Committee on Banking, Housing and Urban Affairs announced Monday that it will hold nomination hearings for President Joe Biden's picks to lead the Securities and Exchange Commission and the Consumer Financial Protection Bureau on March 2 at 10 a.m. Eastern Time. Biden nominated former Commodity Futures Trading Commission Chairman Gary Gensler to lead the SEC and current Federal Trade Commissioner Rohit Chopra to lead the CFPB. If confirmed, Chopra would leave his FTC post.
7:30 a.m. Feb. 22, 2021 - By Chris Matthews
Attorney general nominee Garland says he will 'vigorously' enforce antitrust lawPresident Joe Biden's nominee for attorney general will face a host of pressing issues if confirmed to the job, but Judge Merrick Garland's views on the topic of antitrust could end up being the most important for investors to understand.
9:15 a.m. Feb. 18, 2021 - By Home Media
A complete guide to Medigap plansMedicare Supplement plans, known as Medigap, can help offset the cost of deductibles and other expenses not covered by traditional Medicare. Learn more about your options.
11:12 a.m. Feb. 17, 2021 - By Mark DeCambre
Stocks close mostly lower, but Dow scores another record after Fed minutes show commitment to stimulus U.S. stocks ended Wednesday's session mostly lower as economic reports pointed to an improving climate, but also suggested inflation might be picking up.
3:22 a.m. Feb. 16, 2021 - Barrons.com
A Polar Vortex Is Roiling Power Markets Oil tops $60 a barrel for the first time in more than a year, big investment by Warren Buffett could be disclosed today, the next big battles in the coronavirus pandemic, and other news to start your day.
3:00 a.m. Feb. 15, 2021 - Barrons.com
Here Are Some Tips for Seniors Looking to Get a Covid Vaccine The patchwork system of Covid vaccine signups and distribution has led to confusion and frustration in retirement communities and among vulnerable senior citizens across the country. Persistence can pay off, and beware of scams.
4:06 a.m. Feb. 14, 2021 - Barrons.com
Barron’s 100 Most Sustainable Companies In a year marked by a pandemic, recession, and social unrest, companies found their conscience—and shareholders benefited.
11:32 a.m. Feb. 12, 2021 - By Elisabeth Buchwald
A majority in the U.S. personally know somebody who has been vaccinated against COVID-19 and watch out for these key dates Friday’s top personal finance stories Friday’s top personal finance storiesFriday’s top personal finance stories
5:03 a.m. Feb. 12, 2021 - By Leslie Albrecht
Will Jeff Bezos's philanthropy provide a 'halo effect' for Amazon? Critics say yes.5 questions worth asking as the retail giant's founder steps down as CEO and focuses on charitable giving
1:58 a.m. Feb. 11, 2021 - By Chris Matthews
How NYSE, Nasdaq's battle with SEC over market data could affect retail investors Stock exchanges are stepping up their fight against the Securities and Exchange Commission and its attempt to reform rules about what kinds of market data it must provide to the public and at what prices, and the outcome could have an outsized impact on the trajectory of federal securities regulation in the years and decades ahead, experts say.
2:20 p.m. Feb. 10, 2021 - Barrons.com
Pot Stocks Are Flying High Again. It's Not Just Reddit. Canadian grower Tilray jumped 51% on Wednesday. Sundial Growers jumped 79%. Shares of Aurora Cannabis—a name that’s been popular with retail traders in the past—rose 21%.
12:03 a.m. Feb. 9, 2021 - MarketWatch.com
How airlines trick you into spending more The high, complex fees associated with airfares might be misleading, predatory and even downright unfair.
9:12 a.m. Feb. 7, 2021 - By Elisabeth Buchwald
3 ways the Jeff Bezos-era Amazon helped and hurt U.S. workers and consumers72% of consumers said they expected more of other retailers because of Amazon, one survey showed.
5:56 a.m. Feb. 6, 2021 - By Chris Matthews
The SEC could cripple Robinhood's business model by enforcing existing rules, experts sayOnline brokerage Robinhood has drawn bipartisan ire in Washington after it unexpectedly restricted purchases of share GameStop, Inc. and other hot stocks, and this attention could motivate regulators to curtail its most profitable line of business, experts tell MarketWatch.
1:15 p.m. Feb. 4, 2021 - By Chris Matthews
Yellen meets with regulators over GameStop volatility, vows to protect investorsTreasury Secretary Janet Yellen convened a meeting with the nation's top regulators Thursday, who are continuing to review whether recent volatility in popular "meme stocks," and brokers response to it, "are consistent with investor protection and fair and efficient markets," according to a Treasury Department statement.
7:58 a.m. Feb. 4, 2021 - By Jon Swartz
Sen. Klobuchar introduces antitrust bill that would challenge big tech mergersSen. Amy Klobuchar (D., Minn.) on Thursday introduced a bill that would make it easier for the Justice Department and Federal Trade Commission to challenge tech mergers while also giving both agencies more money for staff. An aide for the newly-named chair of the Antitrust Subcommittee said the legislation won't single out big tech companies like Apple Inc. , Alphabet Inc. , Amazon.com Inc. and Facebook Inc. already under investigation for their business practices. Every deal will be subject to the new standard, which conceivably would impact the entire tech industry.
6:44 a.m. Feb. 4, 2021 - By Chris Matthews
Democrats unveil broad antitrust bill that could upend tech sectorSen. Amy Klobuchar, the Chairwoman of the Senate Subcommittee on Antitrust, unveiled sweeping new legislation Thursday that could lead to the greatest expansion of federal power to maintain competition in a century.
2:30 a.m. Feb. 4, 2021 - Barrons.com
Changes Are Coming to Financial Regulation. What It Means for Investors. Investors big and small could benefit from rules that boost transparency and financial protections, while the financial-services industry can look forward to stricter rules and tougher enforcement.
11:37 a.m. Feb. 3, 2021 - By Joy Wiltermuth
Dow, S&P 500 book 3rd day of gains as investors focus on robust tech earnings, rising oil pricesTwo of three major U.S. stocks indexes recorded modest gains Wednesday, but with the Nasdaq Composite closing lower, as energy stocks rose after oil rose to a 1-year high and Amazon and Google reported healthy results.
5:59 a.m. Feb. 3, 2021 - By Chris Matthews
Lawsuits see conspiracy in Robinhood's GameStop moves, but experts doubt narrativeThe commission-free online brokerage Robinhood faces several new class-action lawsuits brought by customers across the U.S. this week, alleging the company prevented them from buying shares of GameStop Inc. GME and other hot socks for nefarious reasons.
5:31 a.m. Feb. 3, 2021 - By Peter Morici
Facebook and Twitter should not be in the censorship businessTwitter, Facebook and other social media have become so pervasive that they have become the public square—and legally should be treated as such.
5:20 a.m. Feb. 2, 2021 - By Tomi Kilgore
Amazon to pay $61.7 million to settle FTC charges that it didn't pay Flex drivers all their tipsAmazon.com Inc. agreed to pay more than $61.7 million to settle charges by the Federal Trade Commission, which alleges the ecommerce giant failed to pay Amazon Flex drivers the full amount of tips received over a 2 1/2-year period. The FTC said Amazon only stopped its behavior after the company became aware of an investigation in 2019. "Rather than passing along 100% of customers' tips to drivers, as it had promised to do, Amazon used the money itself," said Daniel Kaufman, Acting Director of the FTC's Bureau of Consumer Protection. "Our action today returns to drivers the tens of millions of dollars in tips that Amazon misappropriated, and requires Amazon to get drivers' permission before changing its treatment of tips in the future." Amazon's stock rose 1.7% in morning trading, while the S&P 500 gained 1.6%.
11:36 a.m. Feb. 1, 2021 - By Sunny Oh
Stocks close sharply higher as Wall Street tries to move past GameStop jittersU.S. stocks ended Monday trade higher after notching their worst weekly loss since October after worries about frenzied trading in GameStop Corp. and a handful of other heavily shorted stocks sparked a ripple of selling on Wall Street.
10:12 a.m. Feb. 1, 2021 - By Andrew Keshner
'My family won’t let me go hungry': Two young traders reveal the perils of trying to surf GameStop's epic wave'I’m young and it’s scary having it all in there,' says one young trader who uses Robinhood.
3:10 a.m. Feb. 1, 2021 - Barrons.com
The GameStop Revolt Has Just Begun Online renegades took the investing world by storm. Investors can ignore some of the silliness, but the market may never be the same.
7:58 a.m. Jan. 30, 2021 - By Andrew Keshner
Some furious Robinhood traders are suing --- but they face two big road blocks'Class actions are incredibly difficult.'
6:56 a.m. Jan. 30, 2021 - MarketWatch.com
Why regulators shouldn't get trigger-happy in trying to rein in GameStop's stock maniaThe financial markets have been democratized. Regulators shouldn't make moves to inadvertently curtail that.
3:58 a.m. Jan. 29, 2021 - Barrons.com
The GameStop Frenzy Won’t Die Robinhood raises money amid demands to meet funding requirements, Johnson & Johnson vaccine shown effective as South African variant emerges in U.S., tensions rise between tech giants Apple and Facebook, and other news to start your day.
11:44 a.m. Jan. 28, 2021 - Barrons.com
The GameStop Squeeze Is Running Out of Steam. This Is How We Know. Small-cap stocks with high short interest, which were being dragged higher along with the videogame retailer, aren’t rising anymore.
3:21 a.m. Jan. 28, 2021 - Barrons.com
Barron’s Daily: The GameStop Frenzy Hasn’t Ended. Here’s What Happens Now. GameStop catches the attention of lawmakers and regulators, Apple and Facebook post record quarters, but Tesla has a miss, Powell says vaccine rollout will be a “struggle,” and other news to start your day.
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