The FinTech Hub
Source: The Verge TikTok’s traffic is almost back to normal despite its delayed return to US app stores, according to Cloudflare Radar data seen by CNBC. The “DNS traffic for TikTok-related domains” is around 10 percent lower than the levels before its abrupt shutdown, David Belson, Cloudflare’s head of data insight, told CNBC. The shutdown…
Source: The Verge Electronics, avocados, vegetables, cars, tractors, crude oil — these are some of the things that could soon get more expensive for US consumers. Under President Donald Trump’s proposed plan, goods coming in from Mexico and Canada will be subject to a 25 percent tariff beginning on February 1st. White House press secretary…
Source: The Verge Tensions were high inside Meta ahead of Mark Zuckerberg’s first all-hands meeting of the year. Employee-submitted questions for the CEO touched on a couple of big themes: concerns about his announcement that “low-performers” would be let go on February 10th, his MAGA-fueled changes to Meta’s content moderation policies and DEI programs, and…
Source: The Verge Generative artificial intelligence output based purely on text prompts — even detailed ones — isn’t protected by current copyright law, according to the US Copyright Office. The department issued this guidance in a broad report on policy issues regarding AI, focused on the copyrightability of various AI outputs. The document concludes that…
Source: The Verge It’s a step that Trump discussed with Meta CEO Mark Zuckerberg during his recent visit to Mar-a-Lago, The Verge has independently confirmed. One unnamed source told The Journal that Trump indicated the lawsuit would need to be resolved before Zuckerberg would have a chance of being “brought into the tent.” The White…
Source: The Verge American Federation of Government Employees (AFGE), the union representing 750,000 federal employees, told members on Wednesday to not resign via an email sent to them by the US Office of Personnel Management. The email sent on Tuesday prompted employees to resign from service by accepting a “deferred resignation” offer in which they…
Source: The Verge The White House Office of Management and Budget (OMB) is walking back the federal funding freeze memo that set off a day of chaos and confusion on Tuesday up until a judge paused the order right before it was set to take effect. “In light of the injunction, OMB has rescinded the…
Source: The Verge MGM Resorts International has agreed to pay $45 million to settle a lawsuit over data breaches that collectively exposed the personal information of 37 million customers. The case consolidated 22 class-action lawsuits filed over two security incidents: a data breach in 2019, and a ransomware attack in 2023. Lawyers for the victims…
Source: The Verge Spirit Airlines has rejected yet another acquisition bid from Frontier, which would’ve merged the two companies to create the fifth-largest airline in the US, as reported earlier by Reuters. In a filing with the Securities and Exchange Commission, Spirit called Frontier’s deal ”woefully insufficient financially” compared to the $2.9 billion agreement tossed…
Source: The Verge The Trump administration sent a memo instructing federal agencies to pause grant, loan, and other financial assistance programs. It’s a catch-all for a wide range of programs President Donald Trump has crusaded against and it’s unclear what specifically is in the crosshairs with this move, but it seems to target Biden-era programs…
