Commerce News
Commerce
The Federal Trade Commission recently filed a complaint against Amazon, accusing the company of enrolling consumers into its Prime program without consent and intentionally creating hurdles for them to cancel their subscriptions.
Commerce
Grewal: 'These prohibitions are essential to protecting investor assets'
The U.S. Securities and Exchange Commission announced the acquisition of an emergency relief package to aid in the protection of Binance.US customers’ assets.
Commerce
FTC suit: Amazon 'knowingly duped millions of consumers' with Amazon Prime
A complaint filed against Amazon.com Inc. by the Federal Trade Commission (FTC) alleges the U.S. multinational technology company “has knowingly duped millions of consumers into unknowingly enrolling in its Amazon Prime service.”
Commerce
Houchin on digital assets: 'There is no reason why the U.S. shouldn't lead in this space'
In light of the recent House Financial Services Committee (HFSC) hearing on digital assets, U.S. Rep. Erin Houchin (R-IN) has emphasized the urgent need for market-structure legislation for digital assets.
Commerce
Schuster: ‘PIMCO failed to comply’ with critical obligations
An American investment management firm that concentrates on active fixed-income management has agreed to pay a combined $9 million penalty after the U.S. Securities and Exchange Commission found that the company violated disclosure plus policies and procedures law.
Commerce
Locasio: 'These are the experts who will propel CHIPS for America and the nation’s semiconductor sector forward'
U.S. Department of Commerce announced five new CHIPS Research and Development Office leaders.
Commerce
Raimondo: Climate Resilience Regional Challenge will help communities 'build a climate-ready future'
The Biden-Harris administration has made a significant investment aimed at helping communities along the coast and the Great Lakes adapt to extreme weather and other impacts of climate change.
Commerce
Levine: 'Proposed order makes it easier for parents to protect their children’s privacy on Xbox'
The Federal Trade Commission recently ordered Microsoft to pay a $20 million fine for illegally collecting personal information from children without parental consent.
Commerce
Raimondo: 'Access to Internet is no longer a luxury'
U.S. Department of Commerce's National Telecommunications and Information Administration recently announced more than $930 million to expand and strengthen the nation's high-speed internet.
Commerce
Wilkins: 'We are heartened to learn that Maine has repealed its Certificate of Public Advantage law'
The Federal Trade Commission policy director cheered on the state of Maine's decision to repeal its Hospital and Health Care Provider Cooperation Act.
Commerce
Crédit Mutuel Alliance Fédérale, Euro-Information continue collaboration with IBM to shape bank’s quantum future
IBM, Crédit Mutuel Alliance Fédérale and Euro-Information recently announced their sustained investment in quantum computing.
Commerce
Waters on digital asset discussion draft: 'I have some initial concerns'
Ranking Member Maxine Waters (D-CA) expressed concern that the draft of a bill aimed at implementing regulations in the crypto industry would allow companies currently facing enforcement actions to continue operating.
Commerce
Raghavan: New information system can ‘connect small suppliers to more opportunities in the supply chain’
A nationwide network that partners with U.S. manufacturers has given approximately $400,000 each to its centers to help develop programs to make domestic supply chains more resilient and efficient.
Commerce
EC's Vestager: If Google's adtech 'practices are illegal, we need to ensure that they are brought effectively to an end'
The European Commission announced measures taken in its investigation of Google, according to a June 14 statement release.
Commerce
ITIF's Ezell: 'It's time for the U.S. government to reassert itself as a global champion for IP'
The ITIF, a think tank for science and technology policy, has released a report it says refutes nine points that critics often use to lobby for weaker intellectual property oversight.
Commerce
L'Heureux: Arrival of El Niño ‘can cause a range of impacts’
A climate pattern in the Pacific Ocean that affects weather worldwide has emerged and is expected to strengthen into the winter.
Commerce
Antoni: 'The debt ceiling negotiations were a missed opportunity to rein in that spending'
The Bureau of Labor Statistics released the consumer price index (CPI) for May, which showed inflation of more than 4% from last year.
Commerce
Tai: 'We will continue this journey until all stand on equal footing'
U.S. Trade Ambassador Katherine Tai observed June as Pride Month by pledging that the Biden administration will champion the rights of LGBTQI+ individuals everywhere.
Commerce
Raimondo: $1.7 million for ‘Guilford Technical Community College will increase truck driving training opportunities’
Guilford Technical Community College in Jamestown, N.C., has been awarded a $1.7 million grant through the U.S. Department of Commerce’s Economic Development Administration for construction of a truck driver training facility.
Commerce
Former CFTC commissioner: 'SEC should be working with Congress and responsible, U.S.-based crypto companies to provide clarity – not deepen the confusion'
Former CFTC Commissioner Brian Quintenz, now the head of policy at venture capital firm Andreessen Horowitz, is calling on the U.S. Securities and Exchange Commission (SEC) to stop its barrage of lawsuits against cryptocurrency companies and instead work with legislators to establish clear regulatory guidelines for the industry.
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