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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
8:51 a.m. Sept. 25, 2021 - By Elisabeth Buchwald
Robocalls are biting the dust, but get ready for a lot more spam textsHere's how to protect yourself from robotexts, which bilked consumers out of $86 million in 2020, according to the Federal Trade Commission.
8:31 a.m. Sept. 25, 2021 - By Lukas I. Alpert
‘Bamboozled’: Texas for-profit school operator took $72M in veterans’ GI Bill cash and bought mansion, Lamborghini, FerrariJonathan Dean Davis was sentenced to 19 1/2 years for running an HVAC trade school that prosecutors say didn’t teach even basic skills.
6:58 a.m. Sept. 25, 2021 - By Elisabeth Buchwald
Billionaires’ income taxes are a tiny fraction of what they make, and get ready for a lot more spam textsThursday's top personal finance stories
10:17 a.m. Sept. 22, 2021 - MarketWatch.com
Bush to headline Cheney fundraiser in Dallas after Trump backs Republican primary challengerHouse race in Wyoming becomes proxy war between Republican ex-presidents.
8:00 a.m. Sept. 22, 2021 - By MarketWatch
Global tally of COVID-19 cases nears 230 million, as Biden convenes virtual pandemic summit and doubles U.S. purchase of Pfizer vaccineThe global tally of confirmed cases of the coronavirus-borne illness COVID-19 was heading close to 230 million on Wednesday, as President Joe Biden prepared to host a virtual summit on the pandemic with world leaders gathered in New York for the United Nations General Assembly.
5:00 a.m. Sept. 22, 2021 - By MarketWatch
Here’s the big challenge confronting the Fed — and it’s not the taperThe big issue confronting the Fed is that demand has recovered more quickly than supply, creating all sorts of shortages as companies struggle to find the necessary workers and parts.
4:16 a.m. Sept. 22, 2021 - By Mike Murphy
Facebook overpaid FTC fine as 'quid pro quo' to protect Zuckerberg from liability, shareholders claimFacebook Inc. overpaid billions of dollars to the Federal Trade Commission as part of an agreement to keep CEO Mark Zuckerberg from being held personally liable for the Cambridge Analytica data breach, shareholders claim in a pair of lawsuits.
2:49 a.m. Sept. 22, 2021 - Barrons.com
Evergrande Risks Are Receding. Now Back to the Fed’s Dilemma. New-home construction rebounded in August, all eyes on Powell at FOMC meeting, U.S. sues American Airlines and JetBlue over antitrust, and other news to start your day.
2:16 p.m. Sept. 21, 2021 - MarketWatch.com
U.S. to probe Zoom's $14.7 billion deal for Five9 over security risksA U.S. government committee that reviews foreign investment in telecom is probing videoconferencing company Zoom's $14.7 billion deal for cloud call center company Five9.
2:30 a.m. Sept. 21, 2021 - Barrons.com
China Has the Means to Contain Evergrande. Does It Have the Will? Global markets are effectively in limbo as the lack of a solution to the property giant’s $300 billion debt pile holds the financial world hostage for now.
3:41 a.m. Sept. 20, 2021 - Barrons.com
A War Is Coming Over Cryptos & Money. Why You Should Care. Cryptos are challenging the dollar’s long dominance in world finance. We examine the threats and opportunities as currencies go digital.
6:54 a.m. Sept. 18, 2021 - By Emily Bary
A free iPhone 13? Wireless carriers' subsidies could make it happen, with some catchesThe new iPhone 13 lineup doesn't offer too many new features, but wireless carriers will once again be offering hefty discounts --- all the way up to free --- to get you to buy service from them.
5:29 a.m. Sept. 18, 2021 - By Mark DeCambre
Litecoin hoax highlights crypto market vulnerable to scams: 'Walmart has no relationship with litecoin,' says big box retailerFake news appeared to be giving holders of virtual currencies very real agita on Monday, as a hoax news release sent litecoin briefly soaring before crumbling back down to Earth.
3:40 p.m. Sept. 15, 2021 - Barrons.com
FTC Turns Up Heat on Big Tech, Promising More Antitrust Scrutiny The commission voted to rewrite rules governing mergers between companies that don't directly compete and promising to step up scrutiny of smaller deals.
7:43 a.m. Sept. 14, 2021 - MarketWatch.com
Pennsylvania Turnpike misses out on $104 Million in uncollected tollsMore than $104 million in Pennsylvania Turnpike tolls went uncollected last year as the agency fully converted to all-electronic tolling, with the millions of motorists who don't use E-ZPass having a nearly 1 in 2 chance of riding without paying under the “toll-by-plate” license plate camera system.
9:05 a.m. Sept. 13, 2021 - By Chris Matthews
Biden to nominate privacy advocate Alvaro Bedoya to FTC: reportsPresident Joe Biden will nominate Alvaro Bedoya, a Georgetown University law professor and privacy advocate to serve on the Federal Trade Commission, according to news reports.
9:35 a.m. Sept. 11, 2021 - By Joseph E. Stiglitz
Millions are dying unnecessarily from COVID because of selfishness, greed and a perverse misunderstanding of human freedom“Thou shall not kill, including by spreading infectious diseases when thou can avoid doing so.”
12:48 p.m. Sept. 10, 2021 - By Christine Idzelis
U.S. stocks close lower, as Dow, S&P 500 and Nasdaq book weekly lossesU.S. stock benchmarks ended lower Friday, posting weekly losses as investors worried that the high number of coronavirus delta variant cases may be slowing economic recovery, despite new vaccination mandates announced by President Joe Biden on Thursday night.
2:04 p.m. Sept. 9, 2021 - Barrons.com
Facebook Fights Back Against U.K. Order to Sell Giphy Unit Instead of refusing to comply outright, Facebook may try to work out a deal with the Competition and Markets Authority, one analyst said.
8:00 a.m. Sept. 9, 2021 - By MarketWatch
Biden’s new pandemic approach to include vaccine mandates for federal workers, as U.S. averages 1,500 COVID deaths a dayPresident Joe Biden is expected to unveil a new approach to containing the coronavirus pandemic at an event planned for 5 p.m. Eastern Thursday, and he intends to mandate vaccination for all federal employees, according to a report.
5:09 a.m. Sept. 8, 2021 - By Steve Goldstein
There's an ETF sending one market haywire. A hedge-fund pro says bitcoin-like gains may come next.Uranium has gone parabolic in just the last few weeks. One exchange-traded fund is going Pac-Man with the commodity's supply.
1:00 a.m. Sept. 8, 2021 - MarketWatch.com
In these job scams, criminals target new hires and harvest out-of-office emailsIf you’ve just started a new job, criminals may have you in their sights. And hackers don’t target just new employees.
4:08 p.m. Sept. 7, 2021 - By Lukas I. Alpert
California man, 79, sentenced to 4 years for charging small businesses and charities hugely inflated prices for printer tonerIn one six-year stretch, prosecutors said Gilbert Michaels sold $126 million worth of toner to unsuspecting victim.
10:03 a.m. Sept. 6, 2021 - Barrons.com
5 Biotech Stocks That Could Lead a Revival The breakout success of Moderna and the rich premiums being paid for biotech M&A targets point to the substantial value that is hiding among the sector’s dross.
5:05 a.m. Sept. 5, 2021 - By Alisa Wolfson
Even with some mortgage refi rates under 3%, consider these 8 things before you refinance your mortgagePlus, the exact math to do to figure out if refinancing makes sense for you.
3:00 a.m. Sept. 3, 2021 - By Tomi Kilgore
Invitation Homes receives FTC request for information on how it conducts business during COVID-19 pandemicShares of Invitation Homes Inc. were indicated down more than 1% in premarket trading, after the single-family home leasing company disclosed that it received a letter from the Federal Trade Commission requesting information. The company said the FTC is looking into how it conducts its business generally, and specifically during the COVID-19 pandemic. Invitation Homes said it is cooperating with the FTC's request. Separately, the company said the August rental growth rate for renewals was 8.0%, after growth of 7.0% in July and 3.3% in the same month a year ago, while new leases increased 18.9% in August after growing 17.5% in July and rising 5.6% a year ago. Average occupancy was 98.1% in August, up from 97.8% a year ago. The company said it plans to continue to provide residents experiencing financial hardship with information on how to apply for government assistance programs. Shares of the company, which had a market capitalization of $24.48 billion at Thursday's closing prices, have run up 47.4% over the past 12 months, while the S&P 500 has advanced 31.3%.
12:33 p.m. Sept. 2, 2021 - By y Joy Wiltermuth
S&P 500, Nasdaq Composite book fresh closing records ahead of Friday jobs reportStock finished at fresh records Thursday, after data showed weekly jobless benefit claims improved slightly ahead of Friday's August employment report.
4:16 p.m. Sept. 1, 2021 - MarketWatch.com
FTC orders SpyFone to quit surveillance app businessThe Federal Trade Commission has for the first time banned a company that makes so-called stalkerware — software used to surreptitiously track a cellphone user's activities and location — from continuing in the surveillance app business.
12:15 p.m. Sept. 1, 2021 - Barrons.com
Elizabeth Warren Urges Justice Department to Investigate Google-Facebook Ad Deal The Massachusetts Senator joined with three other democratic lawmakers in asking the U.S. Justice Department to investigate potential criminal behavior tied to antitrust violations.
12:14 p.m. Sept. 1, 2021 - By Robert Schroeder
FTC bans SpyFone from surveillance business The Federal Trade Commission on Wednesday said it has banned SpyFone and its chief executive, Scott Zuckerman, from the surveillance business. The bans come in the wake of allegations that the stalkerware app company "secretly harvested and shared data on people's physical movements, phone use, and online activities through a hidden device hack," . The agency said this is the second case it has brought against stalkerware apps, and the first where it is obtaining a ban.
8:33 a.m. Sept. 1, 2021 - By Chris Matthews
Don't expect major SEC attack on Robinhood business model, experts saySecurities and Exchange Commission Chairman Gary Gensler got the attention of investors this week when he said that banning payment for order flow was an option 'on the table' --- but experts say that it's unlikely the regulator will take such a drastic step.
9:46 a.m. Aug. 31, 2021 - Barrons.com
Apple and Google Face a Threat to Their App Store Payment Power A new law in Korea puts an end to the tech giants' total control over how apps on their platforms sell digital goods.
2:49 a.m. Aug. 31, 2021 - Barrons.com
Here’s One Market That’s Escaping the Summer Doldrums SEC Chairman says ‘payment for order flow’ could be banned, EU takes U.S. off Covid-safe list, China restricts online gaming for young people, and other news to start your day
12:20 p.m. Aug. 30, 2021 - By Chris Matthews
FTC to investigate retail gas market for 'collusive' schemes to raise pricesFederal Trade Commissioner Lina Khan said in a letter to Brian Deese, director of President Joe Biden's National Economic Council, that lax oversight of mergers in the oil and gas industry may have created "conditions ripe for price coordination and other collusive practices."
3:49 a.m. Aug. 30, 2021 - Barrons.com
Will Illumina’s Purchase of Grail Kill Cancer-Test Competition? Feds tell judge that the combined companies will unfairly monopolize the market for blood screening that can detect multiple cancers.
4:40 a.m. Aug. 28, 2021 - By Michael Spence
Global growth is in peril in both the short term and the long runClimate change, COVID, and ensuing supply-chain disruptions have created a perfect storm that will retard economic growth and development unless we unite to act quickly
4:25 a.m. Aug. 28, 2021 - By Philip van Doorn
Weekend reads: Is your ESG fund really trying to be careful with your money?Also, well-regarded stocks left behind during the 2021 rally, a move to San Diego and an early pumpkin spice season for Starbucks.
8:15 a.m. Aug. 27, 2021 - Barrons.com
Apple’s App Store Settlement Won’t Be a Game Changer. Here’s Why. Other challenges await over its gatekeeper role in the iPhone app market.
1:45 p.m. Aug. 25, 2021 - By Jillian Berman
Advocates are pushing to hold college executives liable when their schools collapse or mislead students'You often see this cast of characters show back up in other places,' said David Bergeron, most recently a senior fellow at the Center for American Progress.
7:15 a.m. Aug. 25, 2021 - By Alisa Wolfson
As student loan debt hovers around $1.7 trillion, how much student debt is too much to qualify to buy a house?You can buy a house even if you have student loan debt. Here's how.
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