DIRS.INFO The most relevant business & tech news

☆ An old hedge-fund strategy is taking off again. Why hedge funds from multi-strats to new launches are ramping up their alpha capture efforts.
▼ + stars: | 2024-03-07 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

Alpha capture strategies take inputs from sources like human traders, market data, sell-side research, and more and then use a systematic process to create a portfolio that is efficiently sized and hedged. CenterBook uses trading data from dozens of external firms to create its portfolios, while Norias will create its book off the ideas of its fundamental analysts. Meanwhile, Man Group is building out an alpha capture team within its AHL unit's special strategies team, a recent job posting states, and Squarepoint is doubling its team, finding external managers for its buy-side alpha capture program. "It is a way for them to increase their capacity and take in more assets," said Kevin Lyons, senior investment manager at Abrdn, about the largest platforms growing their internal alpha capture capabilities. AdvertisementThe alpha capture OGIt can all be tied back to the success of the original mainstream alpha capture strategy: Marshall Wace's TOPS, which stands for Trade Optimized Portfolio System.

Persons: —, Marshall Wace, Doug Haynes, Norias, Basil Qunibi, Squarepoint quant Warren Touwen, Merrill Lynch, Squarepoint, Touwen, Kevin Lyons, Marshall, Anthony Clarke, Cameron Hight, Hight, it's, headhunter Organizations: Service, Business, CenterBook Partners, Research, Investors, AHL, TOPS Locations: Austin, Abrdn, London

☆ MH370 investigation: 10 years on, is the world any closer to finding Malaysia Airlines flight?
▼ + stars: | 2024-03-07 | by ( Chris Lau | ) edition.cnn.com time to read: +12 min

A helicopter takes off from Chinese warship Jinggangshan during an early search for the missing Beijing-bound Malaysia Airlines flight 370 on March 11, 2014. Beijing-bound Malaysia Airlines flight 370 dropped off the radar shortly after departing Kuala Lumpur in the small hours of March 8, 2014. Families of passengers from China and Malaysia on board MH370 during a remembrance event commemorating the 10th anniversary of its disappearance, in Subang Jaya, Malaysia, on March 3, 2024. Hasnoor Hussain/ReutersAviation experts tell CNN that improved detection technology will likely bring families closer to the missing plane than they ever have been, if a search were to be relaunched. Phoenix Autonomous Underwater Vehicle (AUV) Bluefin-21 is craned over the side of Australian Defense Vessel Ocean Shield in the search for missing Malaysia Airlines flight 370 on April 14, 2014.

Persons: MH370, Jiang Hui, ” Jiang, “, ”, Jiang Cuiyun, It’s, V.P.R Nathan, Anne Daisy, Hasnoor Hussain, Anthony Loke, Grace Subathirai Nathan, Adli Ghazali, Oliver Plunkett, it’s, ” Geoffrey Thomas, AirlineRatings.com, Leut Kelli Lunt, Richard Quest, Richard Godfrey, Godfrey, Fred Dufour, AirlineRatings’s Thomas, ” Godfrey, “ I’m, Sarah Bajc, Phil Wood, Bajc, Jiang Organizations: CNN, Malaysia Airlines, Reuters, Reuters Aviation, Malaysian, Transport, Malaysian Transport, Anadolu Agency, Getty, Boeing, Underwater, Australian Defense, Australia Department of Defence, CNN’s, Aviation, Radio, British Aerospace, MH370, British Locations: Beijing, China, Kuala Lumpur, Africa, Malaysia, Subang Jaya, United States, Madagascar, Putrajaya, Australia, Malaysian, Perth, AFP, Asia, Panama, Zhuji

☆ Before 'Barbie', Oscar nominee Greta Gerwig was rejected by every writing program she applied to
▼ + stars: | 2024-03-06 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

The 40-year-old multihyphenate has been nominated for four Academy Awards, once for directing "Lady Bird" and three times for her writing. "I got rejected from every graduate school I applied to," she once said in an appearance on the "Employee of the Month" podcast. The challenge of breaking into the industry also had another side effect: for years, Gerwig was hesitant to negotiate her salary. In a 2020 interview with CNBC Make It, she said she worried about asking "for too much." Regardless of whether she takes home a statuette for "Barbie", Gerwig isn't facing much rejection these days.

Persons: Greta Gerwig, Barbie, Frances Ha, Joe Swanberg's, Hanna, Gerwig, didn't Organizations: Yale, Juilliard, NYU, CNBC, Netflix Locations: Hollywood

☆ CrowdStrike CEO says cybercriminals are leveling up: 'It’s going to be the battle of AI in the future'
▼ + stars: | 2024-03-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

He said generative AI is democratizing "very esoteric techniques and attacks," for adversaries who don't have the same sophistication or skill level. "What we talked about in the earnings call is the ability to create more adversaries with lower skill levels, but operating at a much higher skill level, leveraging generative AI," Kurtz said, "Of course, on the security side, we leverage generative AI to help protect our customers, so it's going to be the battle of AI in the future." CrowdStrike aims to create a single, more simple platform that can stop breaches and "add capabilities seamlessly," he said. He mentioned a seven-figure deal CrowdStrike made during its more recent quarter with a mega cruise line. "People may try to buy something, they may think it's cheaper, it's not: free is not free," he said.

Persons: George Kurtz, CNBC's Jim Cramer, Kurtz, cybercrime, CrowdStrike

☆ Forget supplements — 3 daily habits have a much bigger impact on extending your lifespan
▼ + stars: | 2024-03-06 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +5 min

Getting enough good sleep is also critical for healthy aging and repair. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Some of the very first rigorous and independent placebo-controlled trials of longevity supplements are just getting underway. Here are the three most important things you can do for healthy aging right now. Diego Cervo/Shutterstock"I would say move, most importantly," Dr. Andrea Maier, a leading healthy aging and supplements researcher at the National University of Singapore, said during the conference.

Persons: —, Diego Cervo, Dr, Andrea Maier, it's, Nima Sarikhani Organizations: Service, National University of Singapore, British, of Sports Medicine Locations: Singapore

☆ 3 simple ways to become more influential at work, says Stanford expert: ‘There’s nothing more powerful’
▼ + stars: | 2024-03-06 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

You don't have to be a CEO, or even a manager, to be influential at the office. Getting your coworkers to listen to and support your ideas boils down to just three emotional intelligence techniques, says Stanford University lecturer and communication expert Matt Abrahams. The advice is timely, Abrahams adds: Hybrid and remote work mean most entry- and mid-level Gen Z and millennial employees get less face time with their bosses. "You really are forging your own way and need to get others to at least support, if not follow, the things you're trying to do." Find alliesWhenever you find yourself in a room of people who don't usually work with, you have an opportunity to form new relationships.

Persons: Stanford Graduate School of Business Matt Abrahams, Matt Abrahams, Abrahams, I'm Organizations: Stanford Graduate School of Business, New York Marriott Marquis Hotel, Stanford University, CNBC Locations: New York City

☆ Top AI photo generators produce misleading election-related images, study finds
▼ + stars: | 2024-03-06 | by ( Clare Duffy | ) edition.cnn.com time to read: +7 min

CCDH researchers tested AI image generators Midjourney, Stability AI’s DreamStudio, OpenAI’s ChatGPT Plus and Microsoft Image Creator. They found that each tool could be prompted to create misleading images related to either US presidential candidates or voting security. The researchers also used common “jailbreaking” techniques to try to get around any potential restrictions on creating misleading images. Overall, researchers say they found that the AI image generators created election disinformation in 41% of their test runs. Overall, the platforms were more likely to produce misleading images related to voting and ballots than of candidates.

Persons: David Holz, Donald Trump, CCDH, Trump, Joe Biden, Midjourney, Biden, ” DreamStudio, ”, ’ Organizations: New, New York CNN, CNN, Microsoft, BBC, Trump, ” Locations: New York, United States, American

☆ The No. 1 mistake companies are making when designing the office for RTO, according to two CEOs
▼ + stars: | 2024-03-06 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

It's no secret that people aren't going to the office as much as they used to. The "biggest mistake" companies make when thinking about the office itself, and its role in enticing people back in, says Cohen, is not understanding what their employees actually want from the office. "What many companies don't realize is that the office needs to give employees the space and resources for both collaborative and deep focus work, not one or the other," he explains. "What creates a great office experience, one that employees look forward to, is giving them a sense of choice," she explains. The businesses that don't adapt to employees' evolving preferences and needs, says Cohen, could see their offices become obsolete.

Persons: Andy Cohen, Diane Hoskins, Gensler, Cohen, Hoskin, Hoskins Organizations: Kastle Systems, John's, Employees, Employers, CNBC Locations: Bethesda , Maryland, St, New York

☆ Harvard-trained neuroscientist: Use this 'tried and true' trick to stand out at work—especially if you're an introvert
▼ + stars: | 2024-03-06 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Speaking up in meetings can be intimidating, especially if you're an introvert — but failing to make your voice heard at important moments could hurt your career. That's at least according to Juliette Han, a Harvard-trained neuroscientist and adjunct professor at Columbia Business School. There's a different "tried and true" trick to standing out at work without speaking up during meetings, says Han, who is also an academic advisor at Harvard medical school. This could include brainstorms, status-update meetings, problem-solving meetings or other important work conversations. Or, if someone posed a potential solution to a business challenge during a meeting, and you would recommend a different approach, outline your thoughts in the follow-up email, says Han.

Persons: That's, Juliette Han, Han, — Han, what's, moxie Organizations: Harvard, Columbia Business School, CNBC

☆ AI deepfakes are poised to enter court proceedings at time of low trust in legal system
▼ + stars: | 2024-03-06 | by ( Rachel Curry | ) www.cnbc.com time to read: +6 min

"The chances of someone abusing this technology today is likely already happening," said Jay Madheswaran, CEO and co-founder of AI legal case assistant Eve. This is a threat to the judicial system around the world. The risk of alteration in the judicial processIn addition to the risk of altered evidence, streamlining court reporting with AI opens up the doors to alteration. Traditional court reports take an oath of accuracy and impartiality, something that could be lost with AI without appropriate legislation. According to the National Artificial Intelligence Act of 2020, AI can "make predictions, recommendations or decisions influencing real or virtual environments."

Persons: Sora, Jay Madheswaran, Sarah Thompson, Thompson, Kristin Anderson, Melissa Buchman, Madheswaran, deepfakes Organizations: National Court Reporters Association, Los Angeles San, Los Angeles San Francisco Daily Journal, Stanford University, Federal, MIT, Northwestern, National Artificial Intelligence, deepfakes, Pew Research Center Locations: Judicial, Denton County , Texas, California, Los Angeles San Francisco, American

☆ The No. 1 habit all highly resilient people have, according to a career expert
▼ + stars: | 2024-03-05 | by ( Jason Shen | In Jasonshen | ) www.cnbc.com time to read: +5 min

1 habit I see in my most resilient clients is the ability to shift their stress response from "fight-or-flight" to "tend-and-befriend." But social scientists have uncovered a different and equally important stress response called " tend-and-befriend ," which focuses on caring for others and reaching out to strengthen social connections. This response was extremely helpful when threats were physical, but it is far less so when threats are cognitive or social. We all know about fight-or-flight — the stress response that can occur when we encounter a perceived threat, like a 15-minute calendar invite from your boss titled "Performance." Hug, cuddle, or self-sootheEngaging in positive touch through hugs and cuddles with loved ones or even furry friends can dramatically reduce the distress of a negative situation.

Persons: it's, I've, Jason Shen, Y Organizations: Social, Stanford University, CNBC Locations: arm's

☆ 5 doctors and nutritionists share the foods they eat every day for brain health, longevity and overall wellness
▼ + stars: | 2024-03-05 | by ( Renée Onque | ) www.cnbc.com time to read: +4 min

Here are five types of foods that doctors and nutritionists eat every day for stellar brain health, heart health, longevity and overall wellness. Blueberries, in particular, are what longevity researcher, Neil Paulvin, refers to as the "holy grail" of longevity foods. They're also great for eye health, muscle recovery, brain health and strengthening your cells, he adds. All berries get their color from flavonoids which are a group of phytonutrients that have been linked to improvements in brain health and a reduction in cognitive decline. They're high in protein, fiber, antioxidants and minerals like magnesium and iron, Heller told CNBC Make It in 2022.

Persons: We've, Deepak Chopra, Neil Paulvin, Paulvin, They're, Mary Ellen Phipps, Uma Naidoo, Dr, Elizabeth Klodas, Samantha Heller, Heller, Lisa Genova, Naidoo Organizations: Harvard, CNBC Locations: Sunflower

☆ ‘The Program’ takes a deeply personal look at the ‘troubled-teen’ industry
▼ + stars: | 2024-03-05 | by ( Brian Lowry | ) edition.cnn.com time to read: +4 min

CNN —A deeply personal advocacy piece, “The Program: Cons, Cults and Kidnapping” becomes messy at times over its three chapters, although in a way, that’s part of its power. Kubler assembles a group of others who were sent away, mostly at the age of 15 or 16, to The Academy at Ivy Ridge, a disciplinary facility in New York state near the Canadian border. The Academy at Ivy Ridge survivors in "The Program: Cons, Cults and Kidnapping." Kubler stresses throughout that she’s not a journalist, but rather someone seeking answers to what happened then, shining a light on the emotional scars suffered by Ivy Ridge survivors. “The Program: Cons, Cults and Kidnapping” premieres March 5 on Netflix.

Persons: Katherine Kubler, ”, Kubler, Ivy, “, Phil Elberg, There’s Organizations: CNN, Netflix, The Academy, Ivy Ridge, Academy, Ivy Locations: Ivy, New York

☆ Mark Cuban shares 1 thing he wishes he'd done differently: 'That's not being old. That's being wise'
▼ + stars: | 2024-03-03 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

The 65-year-old billionaire says he now regrets stressing about his age every time he hit a big numerical milestone. Just one thing: I wish I hadn't thought I was getting old at every milestone [birthday]… 30,40,50," Cuban wrote in a recent post on Threads. You may need to change your habits as you age to stay healthy, Cuban noted. Rather than getting frustrated about those changes, embrace them, Cuban wrote on Threads. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Mark Cuban as a panelist.

Persons: Mark Cuban, …, Cuban, Becca Levy, Cuban's, Steve Kamb, Yoav Bergman, Bergman, he's, Recode, That's Organizations: Dallas Mavericks, Yale University, Foundation University Islamabad, CNBC Locations: Pakistan, Cuban

☆ Lone orca slays great white in less than two minutes and feasts on its liver
▼ + stars: | 2024-03-01 | by ( Katie Hunt | ) edition.cnn.com time to read: +7 min

Scientists witnessed one of the hunters, a male orca known as Starboard, single-handedly kill a 2.5-meter (8.2-foot) juvenile white shark within a two-minute time frame last year. “Over two decades of annual visits to South Africa, I’ve observed the profound impact these killer whales have on the local white shark population. A second great white shark carcass washes ashore in June near Hartenbos, South Africa. It wasn’t until 2022 that aerial footage first captured the orcas killing a great white shark, Towner said. The kill by a lone orca might have been made possible by the prey’s smaller size as a juvenile great white, according to the study.

Persons: I’ve, ”, Primo Micarelli, I’m, ” Micarelli, It’s, Alison Towner, Towner, didn’t, Christiaan Stopforth, ” Towner, “, Dr, Simon Elwen, wasn’t Organizations: CNN, Italy’s Sharks Studies Centre, University of Siena, of Marine Science, Rhodes University, ”, Cape Town, Search Research, Conservation, Stellenbosch University Locations: Cape Town, South Africa, ” Port, Seal, Mossel, Cape, Hartenbos, Namibia

☆ A psychologist shares the 5 exercises she does to 'stop overthinking everything'
▼ + stars: | 2024-03-01 | by ( Dr. Jennifer L. Taitz | ) www.cnbc.com time to read: +4 min

As a clinical psychologist, I've spent 14 years teaching people how to regulate their emotions and cope with difficult situations. Here are five things I do when I need to stop overthinking everything:1. Write it outWhen you need to process your feelings or an experience, instead of overthinking, practice expressive writing. Try this exercise over the course of three days: Day 1: Spend 15 to 20 minutes writing about the stress and trauma that is plaguing you. Researchers say it's because writing can help you go deeper into your emotions, while also creating some distance and an end point.

Persons: I've, Reschedule, you'll, Jennifer L Organizations: Magna Cum Laude, New York University, Yeshiva, Albert Einstein School of Medicine, CNBC Locations: New York

☆ Biden Administration lists 17 factors that could qualify student loan borrowers for relief due to financial hardship
▼ + stars: | 2024-02-29 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +4 min

President Joe Biden and his administration are continuing their efforts to provide student debt relief to as many borrowers as possible. At this point in the process — which involves a number of discussions with various stakeholders including borrowers, advocacy groups, lawmakers and more — the rulemaking committee has identified five groups of borrowers who should be considered for debt relief. It struggled to come to an agreement on how to define hardship that would render a borrower eligible for relief. As a result, the administration extended negotiation talks and added sessions in February to address the question of hardship. You may notice there aren't explicit thresholds listed for things like "household income" or when considering debt to income ratios.

Persons: Joe Biden, haven't, Pell Grant Organizations: Higher, Federal, Federal Student, Department of Education, CNBC

☆ The US Army is breeding a new kind of Arctic warrior by 'testing the mettle of the human' in frigid, freezing Alaska, commander says
▼ + stars: | 2024-02-29 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

This story is available exclusively to Business Insider subscribers. Out on the snow-covered Alaskan tundra, US Army Pacific is pushing its soldiers to prepare to fight in subzero temperatures and hostile, unpredictable environments. "It's a harsh environment," Maj. Gen. Brian S. Eifler told Business Insider in an in-person interview at Fort Wainwright in Fairbanks. Some told Business Insider the Arctic was the most difficult environment to fight in, while others noted it took a specific type of mindset to survive there, let alone excel. Maj. Joseph Gaskin told Business Insider, explaining that "we don't have all the answers for this environment."

Persons: —, USARPAC, Sammantha Ohm, Abreanna Goodrich, Snow, Maj, Brian S, Eifler, Col, Sean Lucas, Elijah Magaña JPMRC, Charles A, Flynn, USARPAC's, it's, Michael Sword, Joseph Gaskin, Lucas Organizations: Service, US Army, Business, Army, Pacific Multinational Readiness Center, BI, US, 11th Airborne Division, Troops, U.S . Army Spc, 5th Squadron, 1st Calvary Regiment, Delta Co, 1st Infantry Brigade Combat Team, Airborne Division, Pacific Multinational Readiness, Donnelly Training, U.S, Spc, 3rd Battalion, 509th Infantry Regiment, 2nd Infantry Brigade Combat Team, Pentagon, Pacific Command, U.S . Army, 11th Airborne Locations: Fairbanks , Alaska, Alaska, Wainwright, Fairbanks, Hawaii, China, Russia, North Korea

☆ Filigran, a French cybersecurity startup used by the FBI, just raised $16.2 million using this 12-slide pitch deck
▼ + stars: | 2024-02-29 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Filigran, a French cybersecurity startup, has raised $16.2 million in new funding. Founded in 2022, Filigran provides a series of products to help private companies and public institutions defend against threats using an open-source program. Based in Paris, Filigran's threat intelligence platform is used by Hermes, Airbus, and the FBI to help better understand security issues, which the rise of AI attacks has exacerbated, Filigran CEO Samuel Hassine told Business Insider. "Our products are all about aggregating and understanding your threat landscape, not just the technical threat but also risk analysis and cybersecurity," Hassine told BI. Check out Filigran's 12-slide Series A pitch deck below:

Persons: Hermes, Samuel Hassine, Hassine, Filigran Organizations: Airbus, FBI, Business, Moonfire Ventures, Motier Ventures Locations: Filigran, Paris, Australia, Europe

☆ A working mother built a $1.3 billion startup inspired by unreliable school buses: It was ‘an aha moment’
▼ + stars: | 2024-02-29 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

Sometimes, the school bus arrived on time to pick up Ritu Narayan's children. Narayan's solution: She left her job to create Zum, an AI-backed electric school bus service that launched in 2015. It started as something of a self-funded Uber, chauffeuring kids to school with a fleet of vetted private drivers. Instead, the schools offered to enlist Zum as a privatized school bus fleet, with electric vehicles and tracking abilities. Narayan faced a turning point: Stick with her original vision, inspired by her mother, with its clear market and high demand?

Persons: Narayan, —, I'm Organizations: CNBC, eBay, Oracle, Area, Oakland Unified School District Locations: India, California, Washington , Texas , Illinois , Tennessee, Maryland, Silicon Valley

☆ This 1 job interview question can help you uncover a big red flag, says ex-Goldman Sachs recruiter who's helped hire hundreds
▼ + stars: | 2024-02-29 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

She says one of her favorite questions to ask in job interviews is all about what the team looks like. And maybe most importantly, how is the hiring manager talking about the vacancy? A desperate hiring manager might not be as invested in your long-term career growth, at least not at first. A hiring manager should be able to discuss what that looks like, whether there's access to mentoring opportunities, internal courses, tuition reimbursement or other ways to nurture talent. Lastly, Howell says she keeps a pulse on her rapport with the hiring manager.

Persons: Chanelle Howell, who's, Goldman Sachs, Howell, you'll Organizations: Bridgewater Associates, CNBC Locations: New York City

☆ Delta to offer travelers a unique solar eclipse experience—here's what to know about the airline's 'path of totality' flights
▼ + stars: | 2024-02-29 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

Delta Air Lines is offering customers the ability to experience April's total solar eclipse from a different perspective... 30,000 feet in the air. The Delta Air Lines flight 1218 will depart from the Austin airport at 12:15 pm CT and land in Detroit at 4:20 pm ET. It will allow passengers a chance to view the solar eclipse at its peak from the A220-300 aircraft's extra-large windows, according to a press release. On April 8, Delta Air Lines flight 1010 will depart from the Dallas-Forth Worth airport at 12:30 pm CT and arrive in Detroit alongside Delta flight 1218 at 4:20 pm ET. Representatives for Delta Air Lines did not immediately respond to CNBC Make It's request for comment.

Persons: Delta, Guy Organizations: Delta Air Lines, NASA, Delta, LAX, SLC, CNBC Locations: Austin, Detroit, North America, Dallas, Forth Worth, Delta, DFW

☆ Here's the No. 1 way people who are good at making small talk connect with people
▼ + stars: | 2024-02-29 | by ( Charles Duhigg | ) www.cnbc.com time to read: +4 min

Craft your questions to hit these three notesNearly any question can be remade into a deep question. The key is understanding three characteristics: A deep question asks about someone's values, beliefs, judgments, or experiences — rather than just facts. One forthcoming study found a simple approach to generating deep questions: Before speaking, imagine you're talking to a close friend. A deep question asks people to talk about how they feel. But studies show people are nearly always happy to have been asked, and to have answered, a deep question.

Persons: you've, You've, —, Nicholas Epley, Epley, Michael Yeomans, Charles Duhigg Organizations: University of Chicago, Harvard, Yorker, The New York Times, Yale, Harvard Business School, CNBC

☆ The 'biggest mistake' buyers make when negotiating a car purchase, according to a former broker
▼ + stars: | 2024-02-28 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

Buying a car can be stressful, especially when you're negotiating with dealers armed with tricks designed to get you to spend more money. Wiener said that of all the negotiating mistakes that buyers make, one looms above the rest. "You never want to say what you're willing to pay per month," Wiener said. Rather than laying out how much money you're open to spending on your car payment, you should instead determine what the dealership is willing to sell you the car for. He gave the example of a client who wanted to buy a car and put $10,000 down with 0% financing.

Persons: Tosh, Daniel Tosh, Marty Wiener, Wiener, you've, it's, David Weliver Organizations: CNBC

☆ The FTC is going to war with tax services that bill themselves as free
▼ + stars: | 2024-02-28 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

The FTC filed a lawsuit against H&R Block over what the commission called deceptive advertising. AdvertisementSo-called "free" online tax filing services like Intuit's TurboTax and H&R Block's Online Filing option have, for a long time, not actually been free for many Americans. The consumer protection agency filed a complaint against H&R Block last week, accusing the company of deceptive advertising and unfairly deleting users' tax data. A 2019 ProPublica investigation found Intuit and H&R Block's practices — including hiding their free filing options from Google search — are part of a decadeslong lobbying effort by the companies to keep tax filing services complicated. It was partially because of those lobbying efforts that the IRS did not roll out its own online free tax filing pilot until last year.

Persons: —, Samuel Levine, Levine, Dara Redler, Derrick L, Plummer Organizations: FTC, H, Intuit, Service, Consumer, Business, NPR, Google, IRS Locations: FTC's

Search resuls for: "techniques"

25 mentions found