The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
See which stocks are posting big moves after the bell on July 22.Market Insiderread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
The deal could be announced as soon as next week, according to the report.Technologyread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless competitor.Technologyread more
Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week, the firm...Marketsread more
Shares of Beyond Meat jumped nearly 10% Monday, nearing its all-time high, on investor optimism ahead of its earnings.Food & Beverageread more
* CMA finds over 100 eBay listings offering fake reviews
* Zero tolerance for fake or misleading reviews - eBay
* "We know there is more to do," Facebook says (Adds Facebook's response)
June 21 (Reuters) - Britain's competition watchdog on Friday told Facebook and eBay to go through their websites and crack down on the sale of fake and misleading online reviews.
The Competition and Markets Authority (CMA) said https://www.gov.uk/government/news/cma-expects-facebook-and-ebay-to-tackle-sale- o f - f a k e - r e v i e w s it had found "troubling evidence" of a growing marketplace for misleading reviews on the two sites.
The CMA said it had found more than 100 eBay listings offering fake reviews for sale between November and June, and identified 26 Facebook groups with people offering to write fake reviews, or businesses recruiting people to write them on popular shopping and review sites.
A Facebook spokeswoman told Reuters the company had removed 24 of the groups and pages flagged by CMA, a number of them before the regulator's report.
"We know there is more to do which is why we've tripled the size of our safety and security team to 30,000 and continue to invest in technology to help proactively prevent abuse of our platform," the spokeswoman said.
EBay said it was working closely with the regulator.
"We have zero tolerance for fake or misleading reviews. Listings such as these are strictly against our policy on illegal activity and we will act where our rules are broken," an eBay spokesperson told Reuters.
Earlier this month, Facebook announced plans to create 500 new tech jobs in London by the end of the year, with many working on systems to detect and remove malicious content, fake accounts and harmful behaviour.
The social network has been under scrutiny from regulators around the world over its data sharing practices as well as fake news and hate speech on its networks.
Facebook said in March it had removed 137 fake pages, groups and Instagram accounts in the United Kingdom for engaging in hate speech and making divisive comments. (Reporting by Muvija M and Tanishaa Nadkar in Bengaluru; Editing by Saumyadeb Chakrabarty and Mark Potter)