Visa recently announced its plans to launch a dedicated service for bank transfers in Europe, bypassing the traditional credit cards and direct debit processes. This move signifies a shift in the company’s strategy to adapt to the changing payment landscape, with a focus on increasing user control and security in payments. One of the major
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CrowdStrike, a cybersecurity software maker, recently reported strong fiscal second-quarter results but faced a significant setback due to a global outage. Despite exceeding analyst expectations in terms of earnings per share and revenue, the company’s shares slipped 4% in extended trading. This decline was primarily attributed to a flawed content configuration update that caused widespread
The news of Rupert Murdoch-owned REA Group considering a takeover offer for the U.K. property portal Rightmove has sparked significant interest in the global real estate market. This potential merger could create a massive digital real estate business, consolidating two major players in the industry. The Australian property listings company, controlled by News Corp, has
In recent years, ownership has taken a backseat as more Americans are opting to rent various items, ranging from cars and apartments to clothing and furniture. The rental industry has expanded and now includes a wide array of products, such as power tools, musical instruments, designer handbags, baby gear, and even funeral caskets. According to
Amazon is facing a significant challenge in increasing revenue from its retail business. With short-attention-span consumers demanding bigger and better bargains, the bar is set high for the e-commerce giant. According to research firm MoffettNathanson, Amazon’s retail business needs to step up and fill the shoes left by Amazon Web Services (AWS) in terms of
The Biden administration recently announced that it will resume offering free at-home Covid-19 tests to American households starting in late September. This decision comes at a time when the virus is making a resurgence in the U.S. during the summer months. Through the COVIDtests.gov website, Americans will have the opportunity to request up to four
The recent data breach at National Public Data, a background check company owned by Jerico Pictures Inc., has raised concerns about the exposure of personal information. While the company released details of the breach after facing a proposed class action lawsuit alleging the exposure of 2.9 billion personal records, conflicting reports suggest that the leaked
Luxury king Bernard Arnault, the founder and CEO of LVMH, has been making waves in the tech world with his recent investments in artificial intelligence (AI) companies. With a net worth of $184 billion, Arnault has been leveraging his tech-focused venture firm and family office, Aglaé Ventures, to make significant AI-related investments over the past
The federal minimum wage has remained at $7.25 per hour for the past 15 years, leaving many workers struggling to make ends meet. Despite this, there are still 20 states where the minimum wage is no higher than the federal level. This stagnant federal minimum wage has prompted calls for change, with the aim of
Inflation in the United States continued to decline in July, with price pressures easing on consumer staples like food and energy, as well as physical goods such as new and used cars. The consumer price index (CPI), a crucial metric for measuring inflation, increased by 2.9% in July compared to the same month a year