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LOT-A-SPAM

The FTC says reports of spam calls are down 50% since 2021

“I’m calling about your car warranty...”

Jon Keegan

The Federal Trade Commission says reports of spam calls have dropped by 50% since 2021. The agency’s annual Do Not Call Registry breaks down complaints submitted by the public to the FTC’s spam-call-reporting service.

The FTC has been releasing data on spam calls for 16 years and its database now contains more than 253 million phone numbers reported by the public. The good news is that reports of spam calls have dropped for the third consecutive year, but anyone who owns a phone knows this is still a major problem.

In a press release, Sam Levine, director of the FTC’s Bureau of Consumer Protection, said:

“Illegal calls remain a scourge, but the FTC’s strategy to pursue upstream players and equip the agency to confront emerging threats is showing clear signs of success.”

The report breaks down the calls by type — human or robocall — and also by topic. The most common type of call in the 2 million calls logged last year was “medical and prescription,” followed by “imposters” and “reducing debt.”

This downward trend might accelerate next year when new FCC guidelines take effect, which limit the ways marketing companies can use the consumer data they collect.

Update: (November 15 at 3:45 p.m. ET): Edited to clarify that the reports to the FTC of spam calls have fallen 50%, not that the volume of calls themselves have fallen 50%.

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Big four airlines sink as Transportation Secretary Duffy says parts of US airspace could close if shutdown continues

The US may close parts of its airspace as early as next week if the government shutdown continues, according to comments made by Transportation Secretary Sean Duffy on Tuesday.

“If you bring us to a week from today, Democrats, you will see mass chaos. You will see mass flight delays. Youll see mass cancellations, and you may see us close certain parts of the airspace, because we just cannot manage it,” Duffy said at a news briefing on Tuesday.

The shutdown, which entered its 35th day on Tuesday, has fueled already problematic shortages of air traffic controllers. This week, airlines said 3.2 million passengers have faced delays or cancellations because of the shortages. Last week, about 13,000 air traffic controllers and 50,000 TSA agents received their first $0 paycheck amid the shutdown.

Shares of the big four US airlines all sank on Duffy’s comments, with United Airlines, American Airlines, and Delta Air Lines all down more than 5%.

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Jon Keegan

Trump’s deal offering top Nvidia chips to China was nixed at last minute, the WSJ reports

Nvidia’s CEO, Jensen Huang, really wants to sell the chipmakers most powerful Blackwell GPUs to China. He almost had his way.

According to a report from The Wall Street Journal, President Trump was ready to put Blackwell chips on the negotiating table for his meeting with Chinese President Xi to seek relief from Chinas decision to block crucial rare earth exports to the US.

But according to the report, Trump advisers presented a unified front and were able to dissuade him from giving up the most powerful chips to China at the last minute. Secretary of State Marco Rubio, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer were among those opposed to the chip deal. After the meeting, Trump said he did not talk with Xi about Nvidia’s “super duper” chips.

Reportedly those opposed to the deal cited national security concerns, as well as wanting to keep a competitive edge as China seeks to challenge the US’s current dominance of the AI industry.

But according to the report, Trump advisers presented a unified front and were able to dissuade him from giving up the most powerful chips to China at the last minute. Secretary of State Marco Rubio, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer were among those opposed to the chip deal. After the meeting, Trump said he did not talk with Xi about Nvidia’s “super duper” chips.

Reportedly those opposed to the deal cited national security concerns, as well as wanting to keep a competitive edge as China seeks to challenge the US’s current dominance of the AI industry.

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