Commerce News
Commerce
The Federal Trade Commission recently charged Premom, the developer of a fertility app, for deceptive practices and the sharing of users' personal information with third parties illegally.
Commerce
U.S. Trade Ambassador Tai promotes new global trade relationships to mark World Trade Week
U.S. Trade Representative Katherine Tai released a statement May 22 to commemorate of the start of World Trade Week, emphasizing the importance of trade on a global scale.
Commerce
Clark: 'The U.S.-China relationship not only demands serious dialogue but also leadership and action'
The U.S. Chamber of Commerce expressed concerns over mounting risks posed by Chinese policies.
Commerce
Lago: Joint Economic Commission 'will help facilitate collaboration on Egypt’s ambitious development goals'
Under Secretary of Commerce for International Trade Marisa Lago led a U.S. delegation on an official visit to Cairo to co-chair the inaugural meeting of the U.S.-Egypt Joint Economic Commission.
Commerce
U.S. wants Mexico to review alleged denail of worker's rights at Goodyear SLP
The U.S. has asked Mexico to review the treatment of workers at a Goodyear facility in San Luis Potosí after workers rejected a collective bargaining agreement and complained that their rights to organize weren't being recognized.
Commerce
Dutch Medical Supplier Philips ordered to pay more than $62 million to settle FCPA charges
Amsterdam-based company Koninklijke Philips N.V. has been ordered to pay more than $62 million to settle charges brought by the Securities and Exchange Commission (SEC) for violations of the Foreign Corrupt Practices Act in its sales of medical diagnostic equipment in China.
Commerce
Buffett on AI: 'It can do all kinds of things and when something can do all kinds of things I get a little bit worried'
Warren Buffett, chairman and CEO of Berkshire Hathaway, along with Vice Chairman Charlie Munger, recently spoke out against Artificial Intelligence at an annual meeting, where Buffett made dire comparisons to the atom bomb.
Commerce
Citizens Bank reaches CFPB settlement for TIL violations, could face $9 million penalty
Citizens Bank recently reached a settlement with the CFPB to resolve claims that the bank violated regulations and laws protecting consumers who dispute charges on their credit card accounts.
Commerce
National Federation of Independent Business: 'Congress has the opportunity to pass legislation that would provide tax certainty for Main Street'
Sen. Steve Daines has reintroduced the Main Street Tax Certainty Act, which would make a 20% tax reduction for pass-through businesses permanent, cementing a tax reduction for small businesses that is set to expire in 2025.
Commerce
Pollock: 'Trustees must exercise oversight on behalf of shareholder interests'
The Securities and Exchange Commission has taken legal action against an investment adviser for breaching regulations outlined in the Liquidity Rule.
Commerce
Burt: 'Investment advisers have fiduciary duties to act in their clients’ best interest'
The Securities and Exchange Commission announced charges against Classic Asset Management LLC and Douglas G. Schmitz, an indirect part-owner and investment adviser representative, for breach of fiduciary duty by utilizing leveraged exchange-traded funds in client accounts.
Commerce
Attorneys say they 'were pleased' with judge's decision to stop American, Jet Blue merger
A federal judge has ruled in favor of the Justice Department (DOJ) and the attorneys general of six states and the District of Columbia in an antitrust lawsuit to stop the Northeast Alliance between American Airlines and JetBlue Airways.
Commerce
Altman: 'It is essential to develop regulations that incentivize AI safety'
The chief executive officer of OpenAI gave testimony May 16 before the U.S. Senate Committee on the Judiciary Subcommittee on Privacy, Technology and the Law addressing the importance of regulatory oversight on artificial intelligence.
Commerce
Architecture Industry Sees a Glimmer of Hope with Slight Uptick in Billings After Five Consecutive Months of Decline: AIA/Deltek Report
The American Institute of Architects reported a modest increase in billings for architecture firms in March.
Commerce
ITI president and CEO: 'The CHIPS Act will strengthen the United States’ innovation ecosystem'
The Information Technology Industry Council (ITI) emphasized the importance of maintaining global competition and leadership in semiconductor research and manufacturing as the U.S. implements the U.S. CHIPS and Science Act.
Commerce
Raimondo: ACE Seattle forms 'critical first steps in possible business, trade and investment'
The 16th Americas Competitiveness Exchange took place in the greater Seattle region May 14-19.
Commerce
Mai: Expanded collaboration with Salesforce 'will help position Esquire for continued long-term success'
Esquire Financial Holdings Inc. increased its use of Salesforce technology to more effectively power its hyper-personalized sales and marketing initiatives targeted at law firms nationwide.
Commerce
Jassey: 'There’s a lot to like about how our teams are delivering for customers' at Amazon
Amazon.com Inc. released its financial results for the first quarter ending March 31.
Commerce
IBM announces new artificial intelligence, data platform
IBM has announced the release of a new enterprise-ready artificial intelligence and data platform that will help transform AI for businesses.
Commerce
Tam: 'EDA is committed to supporting Tribal communities'
The 2023 National Association of Development Organizations economic summit in Denver, Colo., featured workshops that included a focus on Indigenous communities.
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