marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
information technology
02/10/2023
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By Cassie B.
Google shares lose $100 billion after new AI chatbot gives an incorrect answer in demo
Shares in Alphabet, the parent company of Google, fell by 7.7 percent on Wednesday, causing it to lose a remarkable $100 billion from its market value after its new AI chatbot gave an inaccurate response to a question in a public demo this week. Google’s new AI chatbot tool, which is known as Bard, has […]
02/03/2023
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By Belle Carter
PayPal to lay off 2,000 employees as part of a larger effort to reduce spending
Payment firm PayPal Holdings Inc. is set to cut seven percent of its workforce, or about 2,000 employees. “While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do,” the firm’s CEO Dan Schulman said in a statement. The company’s […]
01/26/2023
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By Belle Carter
NY Stock Exchange cancels early trades after glitch impacts 200+ stocks
The New York Stock Exchange (NYSE) canceled early trades Tuesday, Jan. 24, after a technical issue halted trading in more than 200 stocks. According to the exchange’s website, it “commenced continuous trading in 2,824 of 3,421 NYSE-listed securities without attempting to conduct an opening auction due to a technical issue.” The snag was “determined to be […]
01/24/2023
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By Arsenio Toledo
Big Banks team up to launch digital wallet that can compete with PayPal and Apple Pay… are you ready for your digital wallet social credit score enforcement?
Seven of the United States’ largest banks, including Wells Fargo, Bank of America and JPMorgan Chase, are teaming up to create a new digital wallet service that they hope can challenge the dominance of PayPal and Apple Pay. These seven banks claim that this new product will allow shoppers to pay at merchants’ online checkout […]
01/19/2023
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By Arsenio Toledo
Bank of America experiences disruption in online transactions, customers report funds missing from accounts
Bank of America recently experienced significant disruptions in online transactions conducted via the payment service Zelle. Many customers reported delays and funds missing from their accounts, including funds from Zelle deposits and transactions. The website DownDetector, which monitors the online statuses of websites, noted that Bank of America started experiencing problems around 1:40 a.m. on […]
01/19/2023
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By Cassie B.
Was the FAA’s nationwide ground stop on flights last week the work of ransomware hackers?
When the Federal Aviation Administration (FAA) called for a full ground stop on all flights leaving the U.S. for a few hours last Wednesday due to a failure with the critical Notice To Air Missions (NOTAM) system, a damaged database file was cited as the problem. It sounds plausible enough; we increasingly rely on computer […]
12/21/2022
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By News Editors
EU funds test of biometric payments from digital wallets
The EU Commission will provide funds to a consortium whose job is to launch a payments pilot for the bloc’s digital ID wallet. (Article by Didi Rankovic republished from ReclaimTheNet.org) The NOBID (Nordic-Baltic eID Project) has been chosen to head a multi-national consortium comprising a number of companies such as Thales and iProov, who are expected to […]
12/16/2022
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By News Editors
Alleged $100M stock manipulation scheme leads to charges against social media influencers
Eight social media influencers have been charged by the The Securities and Exchange Commission involving $100 million in securities fraud. (Article by Margaret Flavin republished from TheGatewayPundit.com) It is alleged that the group used a “pump and dump” scheme to manipulate stock prices using social media platforms, aided by podcasters touting stock-trading. According to Investopedia: Pump-and-dump […]
12/14/2022
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By Belle Carter
EU mandates crypto firms report users’ holdings to tax authorities, evoking surveillance concerns
The European Union (EU) announced on December 8 that it will mandate cryptocurrency firms to register their European users’ holdings to tax authorities. It could have wide-reaching implications, including forcing non-EU based companies to have to register with tax entities within the bloc. The new law, which is inspired by international standards designed to curb crypto […]
11/30/2022
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By Ramon Tomey
11 Countries have already adopted central bank digital currencies and 105 others are considering it
Central bank digital currencies (CBDCs) are already in use in 11 countries, and 105 other nations are considering adopting the technology. Washington, D.C.-based think tank The Atlantic Council (TAC) defined a CBDC as “virtual money backed and issued by a central bank.” It named 10 countries in the Caribbean, alongside the West African country of Nigeria, as early adopters of […]
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