Marcy Gordon

  • Congress Sep 13, 2019

    Lawmakers Ask 4 Big Tech Companies for Documents in Probe

    Lawmakers investigating the market dominance of Big Tech on Friday asked Google, Facebook, Amazon and Apple for a broad range of documents, marking a step forward in Congress’ bipartisan probe of the companies. Letters went out to the four companies from the leaders of the House Judiciary Committee and its subcommittee on antitrust, which has been conducting a sweeping investigation...

  • Donald Trump Sep 5, 2019

    Treasury Unveils Plan to Privatize Fannie Mae, Freddie Mac

    The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at a total cost to taxpayers of $187 billion. The administration’s plan calls for returning Fannie and Freddie to private ownership and reducing...

  • Donald Trump Aug 28, 2019

    Tech Firms Struggle to Police Content While Avoiding Bias

    Take the post down. Put it back up. Stop policing speech. Start silencing extremists. That’s just a sampling of the intense, often contradictory demands facing tech companies and their social media platforms as they try to oversee internet content without infringing on First Amendment rights. The pendulum has swung recently toward restricting hateful speech that could spawn violence, following a...

  • Donald Trump Aug 2, 2019

    China Threatens Retaliation for Trump’s Planned Tariff Hike

    China on Friday threatened retaliation if U.S. President Donald Trump’s planned tariff hikes go ahead, while the renewed acrimony between the two biggest global economies sent stock markets tumbling. China’s government accused Trump of violating his June agreement with President Xi Jinping to revive negotiations aimed at ending a costly fight over Beijing’s trade surplus and technology ambitions. Trump rattled...

  • Donald Trump Aug 1, 2019

    Trump Says He’ll Put 10% Tariffs on Remaining China Imports

    President Donald Trump intensified pressure on China to reach a trade deal by saying he will impose 10% tariffs Sept. 1 on the remaining $300 billion in Chinese imports he hasn’t already taxed. The move immediately sent stock prices sinking. The president has already imposed 25% tariffs on $250 billion in Chinese products, and Beijing has retaliated by taxing $110...

  • Donald Trump Jul 26, 2019

    T-Mobile’s $26.5B Sprint Deal OK’d Despite Competition Fears

    U.S. regulators have approved T-Mobile’s $26.5 billion takeover of rival Sprint, despite fears of higher prices and job cuts, in a deal that would leave just three major cellphone companies in the country. Friday’s approval from the Justice Department and five state attorneys general comes after Sprint and T-Mobile agreed to conditions that would set up satellite-TV provider Dish as...

  • CEO Jul 24, 2019

    Record $5B Facebook Fine Won’t End Scrutiny of the Company

    Facebook survived its latest brush with U.S. privacy regulators, at the cost of a record $5 billion fine and other restrictions imposed by the Federal Trade Commission. But it’s far from home free. While the company looks set to prosper in the wake of the FTC case, it faces a series of other investigations into its privacy practices in Europe...

  • Donald Trump Jul 15, 2019

    Facebook’s Currency Plan Gets Hostile Reception in Congress

    Under sharp criticism from senators, a Facebook executive on Tuesday defended the social network’s ambitious plan to create a digital currency and pledged to work with regulators to achieve a system that protects the privacy of users’ data. “We know we need to take the time to get this right,” David Marcus, the Facebook executive leading the project, told the...

  • Donald Trump Jul 11, 2019

    Trump Applauds Far-Right Social Media Provocateurs

    President Donald Trump used a White House conference Thursday to applaud far-right social media provocateurs even as he conceded that some of them are extreme in their views. Trump, who has weaponized social media to eviscerate opponents and promote himself, led a “social media summit” of like-minded critics of Big Tech, excluding representatives from the very platforms he exploits. The...

  • Donald Trump Jun 11, 2019

    Tech on Trial: House Panel Begins Review of Market Power

    Members of both parties on Tuesday suggested legislation may be necessary for the financially-struggling U.S. news industry as lawmakers began a bipartisan investigation into the market dominance of Silicon Valley companies. At a hearing of the House Judiciary Committee’s antitrust panel, news media associations accused the tech companies of jeopardizing the industry’s economic survival by putting news content on their...

  • Donald Trump Jun 5, 2019

    SEC Moving to Require Brokers to Reveal Conflicts for Advice

    Federal regulators are moving to require that brokers provide their customers with detailed disclosures of their potential conflicts of interest when dispensing advice for retirement planning and other investments. But critics say the Securities and Exchange Commission’s new measure, supported by the financial industry, doesn’t go far enough to protect retail investors against abuses. They say a stricter standard advanced...

  • Donald Trump May 15, 2019

    FAA Chief Defends Handling of Boeing Max Safety Approval

    The acting head of the Federal Aviation Administration said Wednesday that Boeing should have done more to explain an automated flight-control system on its 737 Max aircraft before two deadly crashes, but he defended his agency’s safety certification of the plane and its decision not to ground the jet until other regulators around the world had already done so. The...

  • Donald Trump Feb 13, 2019

    Democrats Question Pledges in $26.5B T-Mobile-Sprint Deal

    Democratic lawmakers are challenging a pledge by T-Mobile and Sprint not to raise prices or hurt competition if their $26.5 billion merger goes through. Although T-Mobile says it won’t raise prices for three years, Rep. Frank Pallone, D-N.J., chairman of the House Energy and Commerce Committee, said he isn’t sure that Trump administration regulators are willing to hold T-Mobile to...

  • Donald Trump Feb 7, 2019

    Democrats and GOP Square Off Over Trump’s Tax Returns

    With Democrats now controlling the House and holding the legal key to seeking President Donald Trump’s tax returns, Republican lawmakers are invoking privacy in defending Trump’s flank. At an oversight hearing Thursday, lawmakers examined proposals to compel presidents and presidential candidates to make years of their tax returns public.

  • Donald Trump Jan 29, 2019

    US Charges Against Huawei Could Inflame China Trade Talks

    The Trump administration’s unveiling of criminal charges against the Chinese tech giant Huawei has complicated high-level talks set to begin Wednesday in Washington that are intended to defuse the trade war between the administration and Beijing. The Justice Department charged Monday that Huawei had violated U.S. sanctions against sales to Iran and stolen trade secrets from T-Mobile, a U.S. partner....

  • Congress Jan 15, 2019

    IRS Recalling 46,000 Workers to Handle Taxes as Shutdown Continues

    The Internal Revenue Service is recalling about 46,000 of its employees furloughed by the government shutdown — nearly 60 percent of its workforce — to handle tax returns and pay out refunds. The employees won’t be paid during the shutdown. With the official start of the tax filing season coming Jan. 28, the Trump administration has promised that taxpayers owed...

  • Donald Trump Dec 3, 2018

    US-China Trade Truce Seen Boosting US Stock Market

    The truce in the trade dispute between the U.S. and China should boost rattled financial markets, at least likely through year’s end, experts say. But the stock market’s wild gyrations of recent months likely will persist as the two countries strain to reach a permanent accord. “The all-clear sign hasn’t flashed yet but it’s certainly positive news,” says Mike Loewengart,...

  • social media Nov 30, 2018

    DJ Khaled, Mayweather Settle Over Digital Coin Promotions

    Federal regulators said Thursday that boxing legend Floyd Mayweather and music producer DJ Khaled are paying a total $750,000 to settle charges they failed to disclose payments they received for promoting investments in digital-currency securities....
    The Securities and Exchange Commission said the cases are its first involving charges for violating rules on touting investments in so-called initial coin offerings, or ICOs....

  • Donald Trump Nov 9, 2018

    Democrats Eye Trump’s Tax Returns But Expect a Long Fight

    Getting President Donald Trump’s tax returns is high on the list of Democratic priorities now that they have won the House. By law, the leaders of tax-writing committees in the House and Senate can obtain tax returns and related information from the Internal Revenue Service. Democrats will control the House panel next year. Yet there’s no guarantee that the Trump...

  • Donald Trump Oct 4, 2018

    Probes of Trump Taxes Carry Potential for Millions in Fines

    Though President Donald Trump insists he did nothing wrong on his taxes, experts say he could be on the hook for tens of millions of dollars in civil fines if state and federal authorities substantiate a New York Times report that found he and his family cheated the IRS for decades. The statute of limitations for bringing criminal charges has...

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