Collaborate Disseminate
Visa and Mastercard are planning to increase fees that many merchants pay when they accept customers’ credit cards. From a report: The fee increases are scheduled to start in October and April, according to people familiar with the matter and documents… Continue reading Visa, Mastercard Prepare To Raise Credit-Card Fees
Jay Powell has warned that inflation “remains too high,” raising the prospect of further interest rate increases in the world’s largest economy should price pressures persist. Financial Times: In a highly anticipated speech on Friday, the chair of the … Continue reading Powell Warns Inflation ‘Remains Too High’
An anonymous reader quotes a report from The Verge: Epic Games will let developers keep 100 percent of their net revenues from the Epic Games Store for six months if they choose to make their games or apps exclusives for that time through its new First… Continue reading Epic’s New Program Lets Developers Keep Their Revenue In Exchange For Exclusivity
Mastercard and crypto exchange Binance will end their four crypto card programmes in Argentina, Brazil, Colombia and Bahrain as of Sept. 22. From a report: The Binance cards allow users to make payments in traditional currencies, funded by their crypto… Continue reading Mastercard, Binance To End Crypto Card Partnership
An anonymous reader quotes a report from Ars Technica: A new proposed class-action lawsuit (as noticed by Bloomberg Law) accuses user-generated “metaverse” company Roblox of profiting from and helping to power third-party websites that use the platform… Continue reading Roblox Facilitates ‘Illegal Gambling’ For Minors, According To New Lawsuit
A Bloomberg investigative reporter wrote a new book titled Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall. This week Bloomberg published an excerpt that begins when the reporter received a flirtatious text message from a woman named Vicky… Continue reading Thousands of Crypto Scammers are Enslaved by Human-Trafficking Gangsters, Says Bloomberg Reporter
An anonymous reader quotes a report from ZDNet: First shown off at 2022 CES, the Masonite M-PWR comes with a built-in Ring video doorbell and Yale smart lock, plus motion-activated LED lights and a door sensor — all powered by your home’s electrical s… Continue reading World’s First Smart Door Comes With Built-In Smart Lock and Video Doorbell
Long lines have formed at ATMs around Ireland tonight as a cash machine glitch is allowing customers to withdraw more cash than they have in their accounts. Independent.ie reports: The fault with the online app allows people who have no money in their … Continue reading Bank of Ireland IT Blunder Allows Customers To Withdraw More Money Than What’s Held In Their Accounts
Sam Bankman-Fried used money he stole from customers of his FTX cryptocurrency exchange to make more than $100 million in political campaign contributions before the 2022 U.S. midterm elections, federal prosecutors said on Monday. Reuters reports: An a… Continue reading SBF Used $100 Million In Stolen FTX Funds For Political Donations
Michael Burry, the money manager made famous in the book and film “The Big Short,” held bearish options against the broad S&P 500 and Nasdaq 100 Index at the end of the second quarter, according to securities fillings released on Monday. From a rep… Continue reading ‘The Big Short’ Fame Michael Burry Has Bet Against the Market, SEC Filings Show