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Cash App Users To Get Refunds In $175M Order As Feds Target Fraud Cash App Users To Get Refunds In $175M Order As Feds Target Fraud
Cash App Users To Get Refunds In $175M Order As Feds Target Fraud Cash App's parent company will have to pay $175 million for poorly protecting its users from fraud and financial crimes on the payment platform, officials said. The Consumer Financial Protection Bureau ordered Block to refund up to $120 million to users harmed by fraud, the federal agency said in a news release on Thursday, Jan. 16. The parent company of Cash App, which has more than 56 million accounts, must also pay a $55 million fine into the CFPB’s victims relief fund. The CFPB found that Block failed to properly investigate unauthorized transactions and deprived users of…

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by Chris Spiker
Business
Microsoft 365 Raises Prices For First Time In 12 Years: Here's Why Microsoft 365 Raises Prices For First Time In 12 Years: Here's Why
Microsoft 365 Raises Prices For First Time In 12 Years: Here's Why The Microsoft 365 bundle price is increasing in the U.S. for the first time in a dozen years as the tech giant adds artificial intelligence tools into longtime products like Microsoft Word. The cost of Microsoft 365 Personal and Family subscriptions will rise by $3 per month, the company said in a blog post on Thursday, Jan. 16. It's the first price change since the software bundle launched in 2013 under the name "Office 365". Existing subscribers will see the adjustment at their next renewal. "We understand that our customers have a variety of needs and budgets, so we’re committ…

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by Chris Spiker
Business
Meta To Cut 5% Of Lowest-Performing Workers, Zuckerberg Braces For 'Intense Year': Reports Meta To Cut 5% Of Lowest-Performing Workers, Zuckerberg Braces For 'Intense Year': Reports
Meta To Cut 5% Of Lowest-Performing Workers, Zuckerberg Braces For 'Intense Year': Reports Meta will cut thousands of employees in the latest move for the controversial company that owns platforms like Facebook and Instagram, according to reports. An internal memo sent to Meta workers said five percent of low-performing employees will be terminated, Bloomberg News reported. The company that also owns WhatsApp and Threads has more than 72,000 employees, according to Meta's most recent quarterly report. A five-percent reduction would mean about 3,600 people could lose their jobs. "I've decided to raise the bar on performance management and move out low-performers faster,…

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by Chris Spiker
Business
AI Workforce Shake-Up: Nearly Half Of Companies Plan Job Cuts Within Years AI Workforce Shake-Up: Nearly Half Of Companies Plan Job Cuts Within Years
AI Workforce Shake-Up: Nearly Half Of Companies Plan Job Cuts Within Years Nearly half of companies worldwide are planning to cut jobs within the next few years as artificial intelligence (AI) reshapes industries and automates millions of positions, according to a new global report. The World Economic Forum’s "Future of Jobs Report 2025" outlines the seismic shifts AI will bring to the global workforce, revealing both challenges and opportunities: Job Displacement: The report says 41 percent of companies intent to downsize their workforce globally between 2025 and 2030, particularly in industries reliant on routine and manual tasks such as manufacturing, customer …

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by Joe Lombardi
Business
Just Released New iOS Update Brings AI, Custom Emoji Access To iPhones, iPads Just Released New iOS Update Brings AI, Custom Emoji Access To iPhones, iPads
Just Released New iOS Update Brings AI, Custom Emoji Access To iPhones, iPads Apple has unveiled new updates that bring advanced AI and emoji tools to its iPhone and iPad devices.  Released on Wednesday, Dec. 11, iOS 18.2, iPadOS 18.2, and macOS Sequoia 15.2 expand Apple Intelligence with features like ChatGPT integration, custom emoji creation, and visual design tools. Key Updates ChatGPT Integration: Siri and Writing Tools now support ChatGPT for generating content, solving problems, and enhancing productivity. Privacy settings ensure user control over data. Image Playground: This tool allows users to design custom visuals by inputting text descriptions, wit…

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by Joe Lombardi
Politics
Former Congressman, Gubernatorial Candidate Lee Zeldin Named To Trump's Cabinet Former Congressman, Gubernatorial Candidate Lee Zeldin Named To Trump's Cabinet
Former Congressman, Gubernatorial Candidate Lee Zeldin Named To Trump's Cabinet President-elect Donald Trump has selected former New York congressman and gubernatorial candidate Lee Zeldin to run the Environmental Protection Agency (EPA). In a statement on Monday, Nov. 11, Trump said Zeldin "will ensure fair and swift deregulatory decisions that will be enacted in a way to unleash the power of American businesses," adding that Zeldin will still maintain "the highest environmental standards." In a post on social media, Zeldin said, "It is an honor to join President Trump’s Cabinet as EPA Administrator. "We will restore US energy dominance, revitalize our auto indu…

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by Joe Lombardi
Business
Here's Who Rank As The Richest Virginia Billionaires In New Forbes 400 Report Here's Who Rank As The Richest Virginia Billionaires In New Forbes 400 Report
Here's Who Rank As The Richest Virginia Billionaires In New Forbes 400 Report A candy and pet food heiress is Virginia's wealthiest business owner once again, according to Forbes' most recent ranking of the richest people in America. With an estimated net worth of $47.6 billion, 84-year-old Jacqueline Mars, who owns approximately one-third of the candy, food and pet care firm founded by her grandfather, made the top 20 on the list, not far ahead of another family member. Jacqueline Mars, who worked for around 20 years and served on the company's board until 2016, was joined on the list by Pamela Mars, who has worked at her family's company for nearly f…

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by Zak Failla