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Data breach

This is some of the worst news that a bank customer can get after a hack

March 23rd, 2021

Earlier this month, the Michigan-based bank Flagstar disclosed that a security incident had occurred, following the hack by a group of ransomware attackers who exploited a bank vendor’s zero-day software vulnerability. Now, it seems the incident was much worse than noted at the time. Personal information, including social security numbers of customers, bank employees, and …

Netflix password sharing

This important Netflix update will affect so many of you

March 22nd, 2021

Netflix has another big weekend in store for viewers, with buzzy new series like Sky Rojo now available to stream on the service. That new show is from the creators of the global smash hit Money Heist, which was the most-watched non-English language series on Netflix until the release of Lupin, so that automatically guaranteed …

Tim Cook

Apple CEO Tim Cook is about to reach a huge milestone

March 21st, 2021

Ahead of the milestone he’ll reach in August — which will mark 10 years since Tim Cook succeeded Steve Jobs as the CEO of Apple, mere weeks before Jobs passed away from pancreatic cancer — a transformation of sorts at the iPhone maker is still underway. Corporations, of course, exist to pursue commercial imperatives, and …

HBO Max price

HBO Max just gave people a great new reason to sign up

March 13th, 2021

I have a confession to make. I jumped at the opportunity to pay the full, $14.99 HBO Max subscription price as soon as I found out that my favorite show on TV right now — the moody, magnificent Italian mafia series Gomorrah — is available on the streamer. Which includes previously-aired seasons of the show …

Apple Stores

Apple fans will love this news from Target

February 25th, 2021

Target is bringing an expanded Apple Store experience to Target stores, which includes doubling Apple’s space and adding new products and aesthetics. Target says it worked with Apple on the design of the new Apple experience inside Target, which also extends to the Target website as well as the Target mobile app. Many Apple stores …

Credit cards

A radical change is coming to the way major credit cards work

February 14th, 2021

The credit cards that dominate the spending habits of so many consumers, from companies that range from Mastercard to Visa and even Apple with its Apple Card, are slowly changing the look and feel that consumers have come to expect from these card products. Credit cards are increasingly taking on a vertical orientation. This comes …

GameStop Stock Fraud

The GameStop and Reddit saga is now the subject of a federal investigation

February 12th, 2021

The Justice Department is looking into potential market manipulation regarding the rapid rise of GameStop’s stock price last month. Over the course of a few weeks, Redditors on the WallStreetBets subreddit mobilized and drove the price of GameStop shares up more than 5,000%. Redditors took advantage of the fact that hedge funds had unusually large …

Reddit Wallstreetbets

This would be the perfect ending to that Reddit-GameStop story

February 11th, 2021

The Reddit r/WallStreetBets community captivated the investment community for days last month, when it helped send the share price of GameStop soaring some 5,000%. That’s led to book and movie deals about the story of these amateur investors who burned Wall Street professionals. Now, one hedge fund has posted a job listing that seems tailor-made …

GameStop Stock Wall Street

The Reddit-GameStop saga didn’t hurt Wall Street as much as you think

February 9th, 2021

The Reddit-fueled rise of GameStop shares in January made many individual investors incredibly rich. Wall Street investors also took advantage of GameStop’s meteoric rise and its subsequent sharp decline. Many Wall Street firms actively monitor social media chatter on Reddit to stay abreast of what retail investors are up to. Over the course of a …