The acquisition of WhatsApp and Instagram triggered the federal suit. District Judge James Boasberg has denied Meta’s request to dismiss an antitrust case filed by the Federal Trade…
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Energy Department Replenishes SPR with Final Oil Purchase
2.4 million barrels purchased for $75 per barrel delivered to facility. The Department of Energy (DOE) announced that it has fully replenished the U.S. Strategic Petroleum Reserve (SPR). President…
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FTC Refunds Consumers for Deceptive Alcohol-Craving Supplement Claims
Purchasers of Sobrenix receive compensation after FTC addresses unsubstantiated health claims. The Federal Trade Commission (FTC) is issuing more than $536,000 in refunds to consumers who purchased Sobrenix,…
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Paying Taxes to fund the Nation
Tax increases are always a topic of interest and concern for many U.S. citizens, as they can have a direct impact on household budgets, consumer spending, and overall economic activity. As of 2024, many Americans are wondering: Are U.S. taxes rising, and if so, what’s driving these increases?
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Federal Reserve Cuts Interest Rates
It is the second consecutive rate cut since inflation has begun to flatten. The Federal Reserve met for its final meeting of 2024, opting to reduce banking interest…
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IRS Outlines Inflation-Adjusted Deductions for 2025 Tax Year
The standard deduction rises up to $15,000 for single and $30,000 for married taxpayers. The Internal Revenue Service (IRS) updated its standard deductions for U.S. taxpayers in 2025,…
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Federal Agencies Seek Public Input on State of U.S. Air Travel
Departments of Transportation and Justice are interested in the impact of consolidation on customer experience. President Biden’s administration recently requested public comment on the state of competition in…
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IRS Releases Final Rule for Clean Energy Manufacturing Tax Credit
The agency clarifies incentives for domestic solar and wind energy component production. The Internal Revenue Service (IRS) has released its final rules for manufacturing companies applying for tax…
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FTC Rule Banning Fake Online Reviews Goes Into Effect
The federal regulation is intended to protect consumers and promote fair competition in the marketplace. A new federal rule prohibiting fake online reviews went into effect this month…
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SEC Charges Crypto Market Manipulators in Fraudulent Trading Scheme
Investors were deceived by artificial trading volume and price manipulation. The Securities and Exchange Commission (SEC) filed fraud charges against three companies and nine individuals for engaging in…
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