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Federal Trade Commission (FTC) Chairman Andrew Ferguson weighed in on the agency’s antitrust case against social media giant Meta Platforms in a Monday appearance on "Mornings with Maria." The FTC and Meta headed to court Monday morning as the trial arising out of the agency alleging the tech company "has engaged in anticompetitive acquisitions to protect its dominant position" in personal social networking officially got underway. The agency’s lawsuit takes particular issue with […]

The Social Security Administration (SSA) implemented anti-fraud tools to protect customers who file claims over the phone following Elon Musk’s warning that fraudsters were targeting the agency’s call-in lines to steal benefits.The agency launched measures that will "identify suspicious activity in telephone claims by analyzing patterns and anomalies within a person’s account," effective immediately, according to the SSA. The agency said if the technology detects irregularities, the individual will be required […]

The Federal Reserve Bank of New York on Monday released its latest Survey of Consumer Expectations, which found that Americans' expectations of the labor market have dimmed to the lowest level since the COVID-19 pandemic.Respondents' expectations that the unemployment rate will be higher one year from now jumped 4.6 percentage points to 44% in March – the highest reading since April 2020. The increase was broad-based across age, education and income […]