Synapse Fintech Scandal Sparks Trust Crisis, Jeopardizing Digital Banking Revolution
The collapse of Synapse, a fintech middleman, has frozen millions in customer accounts and shaken trust in digital banking. Consumers are unsure about FDIC insurance coverage and the safety of these platforms. The future of digital banking is uncertain as regulators may increase scrutiny and consumers become wary.
Jul 03, 2024 02:23 PM EDT
![Synapse Fintech Scandal Sparks Trust Crisis, Jeopardizing Digital Banking Revolution](https://1695419552.rsc.cdn77.org/data/images/full/17038/synapse-fintech-scandal-sparks-trust-crisis-jeopardizing-digital-banking-revolution.jpg)
![Car Dealerships Face Hidden Costs and Long-Term Struggles After CDK Cyberattack](https://1695419552.rsc.cdn77.org/data/images/full/17037/car-dealerships-face-hidden-costs-and-long-term-struggles-after-cdk-cyberattack.jpg)
Car Dealerships Face Hidden Costs and Long-Term Struggles After CDK Cyberattack
Weeks after a cyberattack on a key software provider, small car dealerships are still struggling. The attack disrupted sales, service, and customer management systems, leading to lost sales, delays, and potential data breaches. The road to recovery will be long, with dealerships needing to invest in cybersecurity and regain customer trust.
![Lowest July 4th Gas Prices Since 2021 Bring Economic Relief to American Households](https://1695419552.rsc.cdn77.org/data/images/full/17036/lowest-july-4th-gas-prices-since-2021-bring-economic-relief-to-american-households.jpg)
Lowest July 4th Gas Prices Since 2021 Bring Economic Relief to American Households
Celebrate lower gas prices this July 4th! The national average is expected to be $3.49 per gallon, the lowest in 3 years. This offers relief for drivers planning road trips and can help offset inflation.
![Rising Robusta Coffee Prices Boost Economies of Exporting Nations, Present Long-Term Challenges](https://1695419552.rsc.cdn77.org/data/images/full/17035/rising-robusta-coffee-prices-boost-economies-of-exporting-nations-present-long-term-challenges.jpg)
Rising Robusta Coffee Prices Boost Economies of Exporting Nations, Present Long-Term Challenges
The 70% surge in Robusta coffee prices is boosting economies of exporting nations like Tanzania, while posing long-term challenges such as market volatility, environmental concerns, and infrastructure needs.
Latest News
Ford may cut more than 1000 jobs at Bridgend plant in worse case scenario
Unions are fighting to keep the jobs in Ford at all cost as a reduction in employment could lead to a serious economic crisis.
Mar 03, 2017 08:42 AM EST
McDonald's expands delivery service through ordering app
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Mar 02, 2017 07:24 PM EST
Oil prices forecast $50 to $70 per barrel through 2022, report says
Overall, demand is set to outpace supply on average over the forecast period.
Mar 02, 2017 10:58 AM EST
Tiffany & Co. CEO steps down, new directors appointed to accelerate business strategies
The company shake-up comes after Tiffany's disappointing financial results.
Mar 02, 2017 09:19 AM EST
Yahoo CEO Mayer gives up annual equity, bonus over mishandling of secuirty breaches
Mayer claims responsibility and offered that her cash bonus and annual equity award, instead, that it be redistributed to Yahoo's hardworking employees.
Mar 02, 2017 07:03 AM EST
Samsung chief faces trial after indictment on corruption charges
De facto chief of the South Korean electronics giant faces trial after indictment on multiple charges which include bribery and embezzlement.
Mar 02, 2017 12:59 AM EST
Hershey aims to reduce global worforce by 15 percent
The Pennsylvania chocolatier's attempt to reduce its global workforce will help achieve profitability over the next two years.
Mar 01, 2017 09:55 AM EST
Tesco plans to remove 1,700 managerial jobs
The deputy managers will be replaced by shift leaders as part of a program of transformation in order to improve the customers' shopping experience.
Mar 01, 2017 09:02 AM EST
Qantas posts decline in net profits
The results indicate Qantas' strong performance in a mixed international market amidst its strategy and ongoing transformation while investing for customers.
Mar 01, 2017 09:02 AM EST
Alibaba seeks tougher penalties for purveyors of counterfeit goods
E-commerce giant seeks tougher laws, stricter enforment and heavier penalties against retailers or vendors of counterfeit goods in China.
Mar 01, 2017 01:21 AM EST
Saudi Arabia Adds Nearly 30,000 New Hotel Rooms For 2017
The Kingdom is set to open a roster of 68 hotels across major cities at a time of growth for its tourism, leisure and hospitality.
Feb 28, 2017 02:39 PM EST
Warren Buffett's Optimism on American Businesses
Berkshire Hathaway's CEO is upbeat about the future of US businesses and stocks after his company reported a higher quarterly profit. Buffett urges investors to work with a collection of large and conservatively financed American businesses in the long term.
Feb 28, 2017 02:39 PM EST