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The Latest Breaking News from FTC

Over 250 million spam numbers have been logged - and nuisance calls just keep increasing, despite federal crackdown

Federal Trade Commission also shared top culprits for unwanted telemarketing calls

The Independent UK

Here's how to claim a refund up to $52 from Amazon for its Prime settlement – and how to check if you're eligible for one

The total FTC settlement will total $2.5 billion, so here's how to get your share of the pie.

TechRadar

Customers say Pepsi and Walmart schemed to raise prices at every store except the big box retailer

The lawsuit alleges that PepsiCo and Walmart suppressed competition and distorted prices for consumers by leveraging their dominant market positions and forcing rival retailers to pay higher wholesale prices while keeping Walmart’s own costs low

The Independent UK

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Amazon is cutting checks to millions of customers as part of a $2.5 billion FTC settlement. Here's who qualifies and how to get paid

The $2.5 billion package ranks among the largest enforcement actions in the agency’s history.

Fortune

Mark Cuban on the $38 trillion national debt and the absurdity of U.S. healthcare: we wouldn't pay for potato chips like this

"Can you imagine if a Pringles distributor paid full retail to Pringles and then sold to grocery stores for full retail, and then the grocery stores had to wait for a rebate?"

Fortune

4 Get Rich Quick Schemes That Went Horribly Wrong

Explore four get rich quick schemes that went horribly wrong and the costly lessons behind these failed money-making plans.

GOBankingRates

10 New Text Message Scams That Look 100% Real

Getting a convincing text used to be rare, but now it’s normal to see messages that look like they came from your bank, a delivery...

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Nvidia gives Intel a lifeline with $5 billion common stock deal — September deal gets FTC approval for more than 217.4 million Intel shares at $23.28 per share

Intel has officially sold over 217 million of its common stock to Nvidia in a historic equity investment worth $5 billion. The stake was originally announced in September, after the U.S. government had invested its own $8.9 billion into Intel. Following FTC approvals in early December, the sale has now…

Tom’s Hardware

NVIDIA’s $20B Groq Deal Is a Warning Shot to AI Rivals

NVIDIA fortified its long-term competitive moat by acquiring the fastest chip technology available to dominate the next phase of artificial intelligence growth.

MarketBeat

Mamdani Needs a Maximalist Vision of Mayoral Power To Achieve His Goals. Lina Khan Has a Plan.

As one of Mamdani's top advisers, Khan has been making a list of all the "authorities that the mayor can unilaterally deploy."

Reason

Three men arrested in $14 million gift card scheme where they stole from 10 stores a day for months, officials say

The suspects were accused of gift card cloning, which involves stealing money loaded onto gift cards after shoppers buy them

The Independent UK

A Bipartisan Push to Revive a 1930s Law Could Make Grocery Prices Even Higher

If the government revives the Robinson-Patman Act to force suppliers into charging small and large retailers the same price for vastly different quantities of the same product, that will mean higher prices.

Reason

Instacart’s Pricing Tests Spark Backlash... But Investors Didn't Care

Following Instacart’s penalty for unlawful surveillance pricing, the stock immediately bounced back as investors focused on the company’s long-term potential.

MarketBeat

Instacart Is Under Investigation. Should You Buy the Dip in CART Stock?

With Instacart facing intense regulatory scrutiny, is this dip a buying opportunity or a warning sign to stay on the sidelines?

Barchart

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International Business Times

Instacart Agrees to $60 Million Refund to Customers Over Hidden Fees and Misleading Marketing

Instacart will refund $60 million after the FTC found the company misled shoppers with hidden fees, unclear subscriptions, and misleading delivery promises.

Reason

Firings, and Tariffs, and Trump, Oh My!

Justices Barrett and Kavanaugh are still chewing over Justice Gorsuch's questions from the tariffs case.

The Independent UK

Instacart will pay customers $60 million in settlement over ‘false advertising’

Instacart denied allegations of wrongdoing but said it reached a settlement in order to move forward and focus on its business

Reason

Sinking And Floating Liquidation

Continuing the debate over liquidation from Bruen to Slaughter.

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news in one place.

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Reason

Thanks to Antitrust Officials, iRobot Will Be Acquired by a Chinese Robotics Firm Instead of Amazon

The only thing the Federal Trade Commission and European Commission succeeded in doing was transferring ownership of iRobot from an American company to a Chinese one.

The Mary Sue

‘You are not getting it back’: The wrong edible arrangement order accidentally ends up on a Missouri woman’s doorstep. Then the company shows up

A St. Louis content creator ended up with the wrong Edible Arrangements order at her door. Instead of receiving the gift she was supposed to get, she received an order of 50 chocolate-covered strawberries.

The Independent UK

Uber could face billions in penalties across US after ‘deceptive billing and cancellation practices’

In some cases, Uber customers allegedly had to go through more than 30 actions to cancel their subscription

The Mary Sue

‘Costco would never’: Denver woman buys herself a tennis bracelet from Sam’s Club. Then the store managers ‘test it’ when she goes to return it

One TikToker has some “piping hot tea” about a product at Sam’s Club. The diamond tennis bracelets available online might just be fake, according to her testimony.

International Business Times UK

ChatGPT Can Drive Vulnerable People Into Psychiatric Ward, Doctors Warn

AI chatbots are banned in California from posing as doctors, but experts warn of dangerous loopholes.

The Independent UK

Has Hollywood come calling? Don’t pick up, government warns

Another scam that’s surging right now is where real people post up outside military-focused banks and credit unions like USAA and Navy Federal. They’ll offer a sad story and ask for financial help via bank transfer

Reason

Legislative Vetoes for Independent Agencies

Congress tried to claw back the FTC's powers in 1980 through a legislative veto, but Chadha rendered that "bargain" unconstitutional.

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People

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