Several major cellphone carriers, including Verizon, AT&T, T-Mobile, and Sprint (now merged), have been fined nearly $200 million in total by federal regulators for unlawfully sharing customers’ location data without consent. The Federal Communications Commission (FCC) announced the fines following investigations revealing that the carriers sold access to customer location data to aggregators, who then sold it to third parties without proper authorization. FCC Chairwoman … Continue reading FCC fines Verizon, AT&T other major carriers nearly $200 million for sharing customer data

In February, home prices surged to a new peak despite soaring mortgage rates, exacerbating affordability challenges for many Americans amid a persistent housing shortage. According to the S&P CoreLogic Case-Shiller index, national home prices rose by 6.4% compared to the previous year, accelerating from the prior month’s 6% increase and marking the fastest growth since November 2022. On a monthly basis, prices climbed by 0.4%. … Continue reading Home prices surge to another record high in February

Walmart is shutting down its Walmart Health initiative, including all 51 of its doctor-staffed health clinics located in Arkansas, Florida, Georgia, Illinois, and Texas, along with its virtual care option. Despite previous plans for expansion, the retail giant cited financial challenges as the reason for the closure. Patients with appointments will still be seen, with efforts made to direct them to alternative providers within their … Continue reading Walmart to close 51 clinics as it shutters its entire Walmart Health division

Binance founder Changpeng Zhao received a four-month prison sentence for neglecting money laundering issues on the cryptocurrency exchange. Despite a guilty plea and efforts to enhance compliance, Zhao faced criticism for disregarding U.S. banking regulations. Prosecutors argued for a stricter sentence, emphasizing the severity of Zhao’s actions in allowing transactions linked to illegal activities. Defense attorneys highlighted Zhao’s lack of personal involvement in specific transactions … Continue reading Binance founder Changpeng Zhao sentenced to 4 months for allowing money laundering

China’s aggressive buying of commodities has raised concerns among analysts about the possibility of the country resorting to the “economic nuclear option.” Speculation abounds regarding whether China is preparing for a significant devaluation of its currency, the yuan. Such a move could stimulate exports but would also trigger global economic repercussions and exacerbate trade tensions with the United States. China’s recent accumulation of resources like … Continue reading Beijing May Be Preparing To Deploy Economic ‘Nuclear Option’