Eric Risberg / AP

The Federal Trade Commission announced today that it — along with 32 state attorneys general from around the country — had settled charges against Lenovo, Inc.

  • Lenovo preinstalled an advertising program called VisualDiscovery, manufactured by a third-party called Snapfish, that displayed pop-up ads based on a user's browsing history.
  • This "man-in-the-middle" technique collected the entirety of users' electronic communications without their knowledge or consent and put their information at risk of intrusion.
  • It's the "online equivalent of someone without your knowledge intercepting your mail, reading it, resealing it, and placing it back in your mailbox," said FTC Acting Chair Maureen Ohlhausen.

Why it matters: The Lenovo case shows a renewed commitment by the FTC to pursue consumer privacy cases. As highlighted by Ohlhausen in a call with reporters, this is the third privacy ruling handed down by the FTC in the last 30 days after similar cases involving Uber and TaxSlayer.

Go deeper

U.S. economy adds 1.8 million jobs in July

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. added 1.8 million jobs last month, while the unemployment rate fell to 10.2% from 11.1% in June, the Labor Department said on Friday.

Why it matters: The labor market continued to recover but the pace of job growth slowed significantly from June’s 4.8 million job gain, suggesting a stalled recovery as coronavirus cases surged and states pulled back on reopening plans.

43 mins ago - Sports

The pandemic's impact on how sports are played

Damian Lillard shoots a free throw during one of the NBA's restart games. Photo: Mike Ehrmann/Getty Images

Sports are back, and on the surface, the actual gameplay looks fairly similar to when we last saw them.

But beneath that facade of normalcy lie some interesting trends spurred on by fan-less environments, long layoffs and condensed schedules.

A soaring Nasdaq is just one slice of the buy-anything market

Illustration: Aïda Amer/Axios

The Nasdaq closed above 11,000 for the first time on Thursday, ending the session higher for the seventh time in a row and eighth session in nine. It has gained nearly 10% since July 1.

Why it matters: It's not just tech stocks that have rallied recently. Just about every asset class has jumped in the third quarter, including many that typically have negative or inverse correlations to each other.