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U.S. business lobby group lambasts FTC over proposed ban on non-compete clauses

(Reuters) - The U.S. Chamber of Commerce criticized on Thursday a proposed rule of the Federal Trade Commission (FTC) that seeks to ban companies from having non-compete clauses...
U.S. business lobby group lambasts FTC over proposed ban on non-compete clauses © Reuters. FILE PHOTO: Signage is seen at the Federal Trade Commission headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo

(Reuters) - The U.S. Chamber of Commerce criticized on Thursday a proposed rule of the Federal Trade Commission (FTC) that seeks to ban companies from having non-compete clauses with workers, saying such a move would harm economic growth and limit competition.

The FTC proposed the rule last week that would ban companies from requiring workers to sign non-compete provisions in contracts, in the latest sign from the Biden administration of its support for labor.

Companies generally use these provisions to keep workers from leaving for better jobs.

"It is not the role of government to direct the behavior of business, redistribute power in our economy, or undermine the competition that fuels free enterprise," the largest U.S. business group's President Suzanne Clark said at the State of American Business event.

The Chamber also said it could mount a legal challenge.

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21-02-2024 11:17:42 (UTC+7)

EUR/USD

1.0817

+0.0014 (+0.13%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (5)

EUR/USD

1.0817

+0.0014 (+0.13%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (5)

GBP/USD

1.2635

+0.0016 (+0.13%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (4)

Sell (2)

USD/JPY

149.90

-0.10 (-0.06%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (7)

Sell (1)

AUD/USD

0.6568

+0.0021 (+0.31%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (3)

USD/CAD

1.3511

-0.0009 (-0.07%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (9)

Sell (0)

EUR/JPY

162.16

+0.03 (+0.02%)

Summary

Buy

Moving Avg:

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Sell (6)

Indicators:

Buy (7)

Sell (1)

EUR/CHF

0.9526

-0.0006 (-0.07%)

Summary

Sell

Moving Avg:

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Sell (7)

Indicators:

Buy (3)

Sell (4)

Gold Futures

2,042.00

+2.20 (+0.11%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

Indicators:

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Sell (0)

Silver Futures

23.192

+0.056 (+0.24%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

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Copper Futures

3.8708

+0.0130 (+0.34%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

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Sell (9)

Crude Oil WTI Futures

77.28

+0.24 (+0.31%)

Summary

↑ Sell

Moving Avg:

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Indicators:

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Brent Oil Futures

82.62

+0.28 (+0.34%)

Summary

↑ Sell

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1.704

-0.004 (-0.23%)

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US Coffee C Futures

188.03

+1.33 (+0.71%)

Summary

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Buy (9)

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Euro Stoxx 50

4,759.75

-3.32 (-0.07%)

Summary

↑ Sell

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Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (8)

S&P 500

4,975.51

-30.06 (-0.60%)

Summary

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DAX

17,068.43

-23.83 (-0.14%)

Summary

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Indicators:

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Sell (5)

FTSE 100

7,719.21

-9.29 (-0.12%)

Summary

↑ Buy

Moving Avg:

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Indicators:

Buy (9)

Sell (0)

Hang Seng

16,746.50

+498.99 (+3.07%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (4)

US Small Cap 2000

2,003.65

-29.09 (-1.43%)

Summary

↑ Buy

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Sell (0)

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Sell (0)

IBEX 35

10,038.20

+93.40 (+0.94%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

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Sell (5)

BASF SE NA O.N.

46.045

+0.270 (+0.59%)

Summary

↑ Sell

Moving Avg:

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Sell (10)

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Buy (0)

Sell (8)

Bayer AG NA

28.77

-0.14 (-0.47%)

Summary

Neutral

Moving Avg:

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Allianz SE VNA O.N.

249.40

+0.75 (+0.30%)

Summary

Sell

Moving Avg:

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Adidas AG

181.12

+1.40 (+0.78%)

Summary

↑ Buy

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Sell (1)

Deutsche Lufthansa AG

7.339

+0.002 (+0.03%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

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Siemens AG Class N

168.72

-0.86 (-0.51%)

Summary

Neutral

Moving Avg:

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Deutsche Bank AG

11.954

-0.042 (-0.35%)

Summary

↑ Sell

Moving Avg:

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Sell (9)

Indicators:

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Sell (9)

 EUR/USD1.0817Sell
 GBP/USD1.2635↑ Buy
 USD/JPY149.90↑ Sell
 AUD/USD0.6568Buy
 USD/CAD1.3511Neutral
 EUR/JPY162.16Buy
 EUR/CHF0.9526Sell
 Gold2,042.00↑ Buy
 Silver23.192Sell
 Copper3.8708↑ Sell
 Crude Oil WTI77.28↑ Sell
 Brent Oil82.62↑ Sell
 Natural Gas1.704↑ Sell
 US Coffee C188.03↑ Buy
 Euro Stoxx 504,759.75↑ Sell
 S&P 5004,975.51↑ Buy
 DAX17,068.43Sell
 FTSE 1007,719.21↑ Buy
 Hang Seng16,746.50Neutral
 Small Cap 20002,003.65↑ Buy
 IBEX 3510,038.20Sell
 BASF46.045↑ Sell
 Bayer28.77Neutral
 Allianz249.40Sell
 Adidas181.12↑ Buy
 Lufthansa7.339↑ Buy
 Siemens AG168.72Neutral
 Deutsche Bank AG11.954↑ Sell
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Cập nhật 21-02-2024 11:17:45
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Cập nhật lúc 11:13:39 21/02/2024
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