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financial news

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Business & Lifestyle

Beyond Bitcoin: how developers are helping traditional banks modernize

Bitcoin and blockchain tend to grab headlines in the world of banking. Cryptocurrency is the poster child of “disruptive technology” in the traditionally slow-moving finance industry. But, there are other areas where developers and software engineers must update business-as-usual in banking in order to survive. According to one survey, 80% of bankers agreed that their institution “needs to complete an assessment over the next three years, but only 15% expected that to lead to a modernization effort.” Security threats, the […]

todayNovember 12, 2019 5

Business & Lifestyle

Five trends fintech developers need to know

Fintech has become globally mainstream, with 64% of consumers adopting some sort of behavior that fuses technology with financial services. As the market becomes more mature, so do the challenges facing fintech institutions. This year has brought new trends in improving security, big innovations in mobile banking, and the widespread adoption of 5G internet. For developers, fintech is a lucrative job market. “It’s a candidate’s market out there,” writes Silicon Republic. “The big fintech giants are crying out for talent.” […]

todayNovember 8, 2019 6

Business & Lifestyle

Social Security benefits to receive 1.6% increase for 2020

Recipients of Social Security and Supplemental Security Income (SSI/SSI Disability) benefits for nearly 69 million Americans may notice an increase of their benefits for 2020, according to the Social Security Administration. A cost-of-living adjustment of 1.6 percent is set to be added to benefits payable to more than 63 million Social Security beneficiaries beginning in January 2020. Increased benefits to more than 8 million SSI recipients will begin on December 31. (Please note that some people receive both Social Security […]

todayOctober 21, 2019 4

Business & Lifestyle

Over 100 GameStop employees laid off, including Game Informer editorial staff

GRAPEVINE, Tex. (Heartland Newsfeed) -- In a press release Tuesday, GameStop announced the layoff of over a hundred employees as part of an ongoing company initiative. The job cuts, as part of the company's Reboot initiative to reform the company for future longevity and allowed for financial performance improvements, involved multiple divisions within the company from the corporate headquarters in Grapevine, Tex. to Game Informer magazine staffers. A statement to gaming website GameSpot stated that more than 120 staff positions […]

todayAugust 20, 2019 12

Business & Lifestyle

FedEx won’t renew Amazon ground-delivery contract

MEMPHIS/SEATTLE (UPI) -- FedEx said Wednesday that it will not be renewing its ground-delivery contract with Amazon after it expires in August. "This change is consistent with our strategy to focus on the broader e-commerce market," FedEx said in an emailed statement to Business Insider. The courier company has been working to increase its delivery network through e-commerce and the company said it is "extraordinarily" well-positioned to shift its focus. The announcement comes two months after FedEx said it had […]

todayAugust 7, 2019 4

Business & Lifestyle

The Capital One data breach: the potential fallout of one of America’s largest banks

Capital One suffered a massive data breach, which affected approximately 100 million Americans; unsurprisingly, they are facing major scrutiny. Lawmakers on the House Oversight Committee sent correspondence to Capital One and Amazon requesting information on the incident. As is the mainstay of modern data breaches, it would appear that getting educated in the ways of data security is low on the priority list. The hacker, a former Amazon Web Services (AWS) employee, has been arrested, and while the suspect, Paige […]

todayAugust 5, 2019 6

Starbucks
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Business & Lifestyle

Starbucks ceasing newspaper sales beginning in September

SEATTLE (UPI) -- Coffee brewing giant Starbucks announced Friday it will stop selling newspapers in the cafes at U.S. stores in September. Starbucks said the decision was made due to "changing customer behavior." For years, the Seattle-based chain has sold physical copies of The New York Times, USA Today and The Wall Street Journal on cafe newsstands. All three will be removed. "We are always looking at what we offer our customers in our stores and making adjustments," Starbucks spokeswoman […]

todayJuly 13, 2019 30

cryptocurrency IRS
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Business & Lifestyle

CONFIRMED: IRS trains staff on finding cryptocurrency wallets

WASHINGTON (CoinDesk) -- The U.S. Internal Revenue Service (IRS) may consider subpoenaing major tech companies like Apple, Google and Microsoft in search of taxpayers’ unreported cryptocurrency holdings. That’s according to a slide deck presentation from an IRS cyber training session, which details a number of ways the agency’s criminal investigators might find potential crypto tax cheats. “Issuance of a grand jury subpoena should be considered for Apple, Google and Microsoft for the subject’s complete application download history,” says the slide […]

todayJuly 13, 2019 28

Kroger
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Business & Lifestyle

Kroger to sell CBD products in nearly 1,000 stores

CINCINNATI (Heartland Newsfeed) -- CBD oil will soon be sold in nearly 1,000 stores of the U.S. largest grocery retailer. A Kroger spokeswoman announced Tuesday that they will sell CBD topical products such as creams, balms and oils derived from hemp in 945 stores across 17 states, joining a growing list of national retailers including Walgreens, CVS, Vitamin Shoppe and GNC. "Like many retailers, we are starting to offer our customers a highly-curated selection of topical products like lotions, balms, […]

todayJune 11, 2019 30

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