Robinhood users buy and sell the riskiest financial products and do so more frequently than customers at other retail brokerage firms, but their inexperience can lead to staggering losses. From a report: Richard Dobatse, a Navy medic in San Diego, dabbled infrequently in stock trading. But his behavior changed in 2017 when he signed up for Robinhood, a trading app that…
Tag: pay
Foreign Students Must Leave the US If Their Universities Transition To Online-Only Learning
ugen shares a report from Reuters: Foreign students must leave the United States if their school’s classes this fall will be taught completely online or transfer to another school with in-person instruction, the U.S. Immigration and Customs Enforcement (ICE) agency announced on Monday. It was not immediately clear how many student visa holders would be affected by the move, but foreign…
Harvard Will Allow Some Students on Campus This Fall So Long as They Take Coronavirus Tests Every 3 Days
Harvard University is welcoming freshmen and some other students back to campus this fall semester, but students will have to take coronavirus tests every three days, classes will still be taught online and it won’t discount tuition, the school announced Monday. From a report: Upperclassmen will be able to petition to return if they don’t have sufficient technology at home or…
BMW is Going All-in On In-car Microtransactions
BMW has detailed an overhaul to the digital systems that power its luxury vehicles, including a new map and navigation system, a revamped digital assistant, a “digital key” (first shown off at Apple’s annual developer conference last month), and wireless Android Auto. But the most interesting thing BMW shared about the changes is that the company is going all-in on in-car…
Former Yahoo Engineer Who Infiltrated 6,000 Accounts Avoids Jail
This week finally saw the federal sentencing of a former Yahoo software engineer who “admitted to using his access through his work at the company to hack into about 6,000 Yahoo accounts” back in 2018, according to America’s Department of Justice:
Ruiz admitted to targeting accounts belonging to younger women, including his personal friends and work colleagues. He made copies of images…
Americans Lag Behind Other Countries — and Pay More for Their Cellphone Service
“American consumers pay significantly more for cellphone service than people in many other countries,” reports the New York Times. It’s in an article headlined “The U.S. Is Lagging Behind Many Rich Countries. These Charts Show Why.” Although executives’ salaries have risen in most countries, relative to those of workers, in recent decades, the trend is more extreme in the U.S… The…
Next-Gen Console Games Will Be $10 More Expensive
If NBA 2K21 is any indication, the price of $59.99 new console games is about to be over: “NBA 2K21 will cost $69.99 on PS5 and Xbox Series X, an increase of $10 compared to the recommended price for the current generation’s AAA titles,” reports TheGamer. From the report: NBA 2K21, which will be released across both generations, will cost $69.99…
New Free Speech Site Gets in a Tangle Over … Free Speech
The social network bills itself as a ‘no censorship’ bastion — but it’s already had to remind users what is and isn’t allowed. From a report: In recent weeks, Donald Trump has started having his tweets factchecked and published with disclaimers when they contain misleading information. Katie Hopkins, the woman who once compared migrants to cockroaches and called for a “final…
Uber’s New Strategy: Buy Unprofitable Companies, ???, Profit
Uber’s new strategy is just like its old one. Make its money-losing business bigger by buying other money-losing businesses like Postmates. From a report: After Uber’s merger talks with food-delivery company Grubhub fell apart, Uber has now set its sights on Postmates, according to the New York Times. Uber Eats, the ride-hailing company’s food-delivery unit, is just as unprofitable as the…
A Hacker Gang is Wiping Lenovo NAS Devices and Asking for Ransoms
A hacker group going by the name of ‘Cl0ud SecuritY’ is breaking into old LenovoEMC (formerly Iomega) network-attached storage (NAS) devices, wiping files, and leaving ransom notes behind asking owners to pay between $200 and $275 to get their data back. From a report:
Attacks have been happening for at least a month, according to entries on BitcoinAbuse, a web portal where…