Tech etcetera
The Consumer Financial Protection Bureau (CFPB), under the direction of the Biden administration, has recently proposed new rules aimed at reducing overdraft fees charged by banks. These rules would cap the fees banks can charge customers who spend more than they have in their accounts. The proposed upper limits for these fees are $3, $6,…
A federal appeals court has issued an order for Apple to temporarily halt the sale of its latest smartwatch models in the United States. This decision comes as a result of an ongoing patent dispute between Apple and health company Masimo. The ban on certain Apple smartwatch models will be enforced starting Thursday, and Apple…
Uber announced its decision to shut down the alcohol delivery platform, Drizly, by March. The ride-hailing app had acquired Drizly for $1.1 billion three years ago, during a time when home alcohol delivery was gaining popularity. However, the growth in the delivery market has slowed down since then, leading to this strategic move by Uber.…