Category: Business
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Brazil Temporarily Suspends Telegram App. What Do School Attacks Have to Do With It?
A federal judge in Brazil ordered the temporary suspension of the messaging app Telegram on Wednesday (26), citing the platform’s alleged failure to provide all requested information to the Federal Police regarding neo-Nazi chat groups. The measure is seen as part of the country’s effort to combat the rise of school violence. The judge also…
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Apple Wants to Be Your New Bank
Last week, Apple launched yet another service instead of new hardware. Users of the Apple Card can now open a savings account that offers a high-yield APY of 4.15% — a rate that is more than 10 times the national average. There are no fees, no minimum deposits, and no minimum balance requirements; users can…
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More Companies Are Laying Off Workers. A Sign of Economic Cooling?
BuzzFeed, Lyft, Whole Foods, and Deloitte recently announced layoffs that affected thousands of American workers, joining a growing list of companies reducing their workforce amid economic concerns.
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Warning: Sleep Supplements Have More Melatonin Than Recommended
Tests with over two dozen brands of melatonin gummies sold as sleep supplements showed that some contained potentially dangerous amounts of the hormone that helps regulate sleep.
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Increase in Thefts Leads Stores to Place Merchandise Behind Glass
A Target in San Francisco has placed absolutely all of its products behind locked glass amid a theft crisis that has been harming retailers in the city.
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Reverse ATMs Dispense Cash and Skip Cards
As stores, restaurants, and various other types of businesses try to become completely cash-free, a new type of ATM is increasingly being installed in businesses across the country. The “reverse ATMs” dispense cards with stored value. The businesses that are avoiding cash—a trend accelerated by the pandemic—are led by amusement parks, casinos, and sports stadiums,…
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Bed Bath Beyond Declares Bankruptcy
The traditional home goods retailer Bed Bath & Beyond and baby goods store Buy Buy Baby announced on Sunday (23) that it was filing for bankruptcy protection, the result of a long period of declining sales and the company’s inability to keep up with the rise of online shopping. The 52-year-old retailer said it would…
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How to Claim Your Share of the $725 Million Facebook Will Pay to Users
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If you used Facebook in the United States between May 2007 and December 2022, you are entitled to request a share of a $725 million settlement that Facebook’s parent company has agreed to pay to resolve a class-action lawsuit against the social network. Users can enter their information on the website facebookuserprivacysettlement.com to receive payment…
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SpaceX Rocket Explodes 4 Minutes After Launch
The enormous Starship rocket from SpaceX, the most powerful ever built, took off on a crewless maiden flight on Thursday (20) and successfully flew for over two minutes before falling uncontrollably and exploding. “The Starship just experienced what we call an unplanned rapid disassembly, or RUD, during ascent,” said SpaceX engineer John Insprucker, acting as…
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The Cost of Spreading Fake News: Fox News Faces a Loss of Over $787 Million
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Fox News will pay over $787 million to Dominion Voting Systems after the two companies reached a last-minute settlement on Tuesday (18) in the defamation case brought by the company that produces and sells hardware and software for electronic voting against the news network. The Dominion accused Fox News of destroying its reputation by knowingly…