EXCLUSIVE: ‘Phantom employees’ scandal spurs GOP crackdown on $36B incentive for companies to bypass Americans

NEWYou can now listen to Fox News articles! FIRST ON FOX: The discovery of 10,000 “phantom employees” exploiting a federal work program has helped spur Republicans to tackle the financial incentives behind a foreign worker pipeline costing Americans hundreds of thousands of jobs per year. Under current federal law, hundreds of thousands of foreign students … Read more

“Peanuts” music owner sues U.S. government, 3 companies over use of iconic songs

The owner of the music of “A Charlie Brown Christmas” and other “Peanuts” television specials filed four lawsuits Wednesday against defendants including the U.S. Department of the Interior, alleging they illegally used the jazzy ditties of pianist Vince Guaraldi in social media posts and a video game. Lee Mendelson Film Productions filed the suits in … Read more

U.S. accuses Chinese execs, shipping container companies of price fixing during pandemic

Seven Chinese executives and four of the largest shipping container manufacturers were criminally charged in an antitrust case alleging they engaged in illegal price fixing during the pandemic six years ago, federal prosecutors announced on Tuesday. The indictment, which was first reported by CBS News, marks the latest in a series of investigations by the … Read more

Polymarket to let users make prediction market bets on private companies

Polymarket launched a new set of prediction markets on Tuesday that allows users to trade on private company performance for the first time. The New York-based company said it is teaming up with Nasdaq Private Market, a secondary trading venue that provides data on non-public companies, to offer the new service. Customers will be able … Read more

U.S. probing whether Chinese companies cut shipping container production before COVID-19 pandemic

U.S. probing whether Chinese companies cut shipping container production before COVID-19 pandemic – CBS News Watch CBS News Investigators are looking into Chinese firms that allegedly slowed shipping container production in 2019, just before the COVID-19 pandemic erupted. CBS News’ Jake Rosen has more. Source link

U.S. probing whether Chinese companies cut production of shipping containers before COVID pandemic

Federal authorities are examining whether Chinese companies deliberately restricted the world’s production of storage containers for the shipping trade just before the COVID-19 pandemic began six years ago, sources with knowledge of the probe told CBS News.  Investigators have been looking at a handful of Chinese firms that together control the majority of unrefrigerated shipping … Read more

Bipartisan lawmakers want to strip Big Tech’s legal immunity that can shield social media companies

NEWYou can now listen to Fox News articles! It was the mid-1990s. And the world was online. No doomscrolling for hours through Instagram and X. But people were plowing through GeoCities. There were Hotbot searches – before the days of Google and AI. There was even Ask Jeeves, long before Grok. The U.S. Capitol building … Read more