WASHINGTON — When the Federal Trade Commission finalized a rule earlier this month banning noncompete clauses, the blowback was swift: Within 24 hours, the U.S. Chamber of Commerce led a handful of business groups to file a lawsuit seeking to block the ban. They argued that the FTC lacked the authority to impose it in … Read more
Federal Trade Commission Chair Lina Khan testifies before a House Judiciary Committee hearing on Oversight of the Federal Trade Commission, on Capitol Hill in Washington, D.C., July 13, 2023. Kevin Wurm | Reuters The Federal Trade Commission on Tuesday voted 3-2 for a nationwide ban against noncompete agreements, which companies use to prevent employees from … Read more
Sen. Elizabeth Warren (D-Mass.) criticized TurboTax on Monday for charging taxpayers for relatively simple tax returns and repeatedly upselling them during the filing process. Ahead of Monday night’s tax deadline, Warren pointed to an example of a sample taxpayer with a “simple filing situation” who would qualify for the IRS’s new Direct File tool, which … Read more
FTC chair Lina Khan on playing “Anti-Monopoly” – CBS News Watch CBS News For corporate America, Federal Trade Commission chair Lina Khan has emerged as a hard-charging cop on the monopoly beat. As a watchdog and warden of competition in business, the agency tries to protect consumers from the outsized power of corporations. CBS News … Read more
Meta asked a federal judge on Friday to dismiss the Federal Trade Commission’s (FTC) antitrust case against the social media giant, arguing that the agency failed to prove that its acquisitions of Instagram and WhatsApp harmed consumers. “From the very beginning, the FTC has failed to state a plausible claim, and the agency has done … Read more
Comedian Jon Stewart said Monday that Apple wouldn’t let him interview Federal Trade Commission (FTC) Chair Lina Khan for his former podcast. “I gotta tell you, I wanted to have you on a podcast, and Apple asked us not to do it,” Stewart said during an interview with Khan on “The Daily Show.” “They literally … Read more
Copilot logo displayed on a laptop screen and Microsoft logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on October 30, 2023. Jakub Porzycki | Nurphoto | Getty Images On a late night in December, Shane Jones, an artificial intelligence engineer at Microsoft, felt sickened by the images … Read more
Some members of the automotive press were bamboozled by a Toyota press release and accompanying conference last week. The story was that, in order to promote the company’s electrified offerings, Toyota had released an AI companion named Electra — an AI that immediately went off the rails and began talking about Toyota’s hesitancy to embrace … Read more
The Federal Trade Commission (FTC) is launching an inquiry into several multibillion-dollar investments by major technology companies into generative artificial intelligence (AI) firms, the agency announced Tuesday. The FTC said it is seeking information about the partnerships between Microsoft and OpenAI, Amazon and Anthropic, and Google and Anthropic. All five companies were issued orders requesting … Read more
Image: David Zalubowski (AP) Junk fees plague industries like hotels and airlines and end up costing consumers billions every year in add ons, “administrative fees” and other overpriced nonsense. The fees really come out of the woodwork at car dealerships, it seems. While it was enough of a problem for the federal government to take … Read more
