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
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
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
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.
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Toshiba chair quits hours after conglomerate reveals $3.4 billion loss
Toshiba's chairman steps down shortly after the Japanese multinational conglomerate reported a multi-billion-dollar loss.
Feb 15, 2017 01:08 AM EST
Energy giants plan to help 10 million people with new loyalty program
Npower and EDF Energy told MPs they were considering reward programs to help customers who stay with them, it could even include a free boiler service.
Feb 05, 2017 07:16 PM EST
Apple Ends Losing Streak, Posts Rise In Sales After Nine Months
Apple CEO Tim Cook says the company had the highest quarterly revenue ever, adding they have also returned close to $15 billion to investors through share repurchases and dividends.
Feb 02, 2017 02:53 AM EST
Amazon to Build Its Own $1.5 Billion Air Hub For Its Own Cargo Airline
Online giant, Amazon, is expanding fast and creating thousands of jobs in the United States, its Prime Air hub will support its dedicated fleet of Prime Air cargo planes.
Feb 01, 2017 09:53 PM EST
Microsoft Considers Trump Immigration Ban as Misguided
Satya Nadella, Microsoft CEO, states there is no place for bias or bigotry in any society and Microsoft will always stand for diversity and inclusion.
Feb 01, 2017 03:52 PM EST
Sense of Unease Permeates Wall Street With Trump's New Policies
President Donald Trump is starting to worry Wall Street with the major changes in foreign policies. Economic isolation may result in these changes.
Feb 01, 2017 09:30 PM EST
Swedish Retailer H&M Big Gainer in 2016
The last fiscal year was good for H&M, there was a strong expansion in sales and profits, the company opened 427 new stores and it added more than 13,000 new workers.
Feb 01, 2017 02:43 PM EST
Trump Signs Executive Order to Reduce Regulations Affecting US Businesses
US President Donald Trump signs executive order designed to slash the number of regulations affecting US businesses.
Feb 01, 2017 09:10 PM EST
Trump’s Planned State Visit To UK Sparks Parliament Debate
UK Parliament to deal with a critical debate in the planned Donald Trump State Visit to the UK. Opposition leaders across the country coming out in the open.
Feb 01, 2017 09:23 AM EST
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