Collaborate Disseminate
Department of Transportation Secretary Pete Buttigieg announced new rules for the airline industry that will require airlines to automatically give cash refunds to passengers for canceled and significantly delayed flights. They will also require airlin… Continue reading Airlines Required To Refund Passengers For Canceled, Delayed Flights
CNBC visited a small group of bitcoin miners who “set up shop at the site of an extinct volcano” near Kenya’s Hell’s Gate National Park.
Their mine “consists of a single 500-kilowatt mobile container that, from the outside, looks like a small residen… Continue reading How a Renewable Energy-Powered Bitcoin Startup Helps Electrify Rural Africa
A software glitch in the “ticket in, cash out” (TICO) machines at Star Casino in Sydney, Australia, saw it inadvertently give away $2.05 million over several weeks. This glitch allowed gamblers to reuse a receipt for slot machine winnings, leading to u… Continue reading Software Glitch Saw Aussie Casino Give Away Millions In Cash
In an interview with Roblox Studio head Stefano Corazza, Eurogamer asked about the reputation Roblox has gained and the notion that it was exploitative of young developers, since it takes a cut from work sometimes produced by children. Here’s what he h… Continue reading Roblox Executive Says Children Making Money On the Platform Isn’t Exploitation, It’s a Gift
Many investors are lining up to bet on the collapse of former President Donald J. Trump’s social media company, Trump Media & Technology Group Corp., which made its stock market debut last week under the ticker “DJT.” The stock has been called the … Continue reading Traders Are Betting Millions That Trump Media ‘Meme Stock’ Will Tumble
Two of the world’s largest credit card networks, Visa and Mastercard, as well as the banks that issue cards with them, have agreed to settle a decadeslong antitrust case brought upon by merchants. From a report: The settlement is set to lower swipe fee… Continue reading Visa and Mastercard Agree To $30 Billion Settlement Over Credit Card Fees
The abstract of a new paper published on Journal of Financial Economics: We study aggregate lapsation risk in the life insurance sector. We construct two lapsation risk factors that explain a large fraction of the common variation in lapse rates of the… Continue reading Why Do People Let Their Life Insurance Lapse?
One year after Silicon Valley Bank’s collapse and seizure, “Regional bank stocks remain volatile compared to other types of financial institutions,” reports the Observer, “indicating investors’ lingering worries about the sector.”
But not everyone suf… Continue reading One Year Later, 81% of SVB’s Clients Still Bank With Them – and Big Banks Got Bigger
An anonymous reader quotes a report from Fortune: Zurich authorities have apologized to city employees after a technical glitch caused a double payment of monthly salaries that local officials are now trying to claw back. About 175 million francs ($200… Continue reading Zurich Paid 30,000 Workers Double In $200 Million Bank Glitch
Fast food chain Wendy’s announced it’s adopting a similar approach to Uber’s Surge Pricing policy by dynamically adjusting the prices of its menu items during peak demand periods at certain locations. The controversial strategy seeks to leverage real-t… Continue reading Uber-Like Surge Pricing Is Coming For Fast Food