Due to an account error, some Capital One users saw their debit card purchases double. The bank promised to fix the error as soon as possible and assured customers that they would not have to pay the extra fees for the ghost transactions. On Wednesday, the bank tweeted that its workers are looking for “a fix”. It also apologized for customers being put on hold when calling the customer service … [Read more...]

The tiny biotech firm Spark Therapeutics Inc has just announced that it is inching closer to launching a breakthrough cure for blindness. But the treatment for the rare genetic disease comes with a hefty price: $850,000 for both eyes. If only one eye is affected you can split the price in half. The U.S. Food and Drug Administration approved the drug in December, which caused Spark’s stock value … [Read more...]

This year’s holiday returns of unwanted gifts mean a huge gift for UPS and FedEx. The companies estimate to make returns worth of as much as $90 billion this holiday season. The figure accounts for one quarter of total returns worldwide as more and more shoppers do their purchases online. UPS and FedEx have been battling each other to gain a larger share of the returns business pie as online … [Read more...]

A Manhattan judge has just ruled that President Donald Trump did not violate the U.S. Constitution's Foreign Emoluments Clause with his business interests after becoming president. Judge George Daniels also ruled that the plaintiffs can’t sue a U.S. president over the said provision under the current law. Under the emoluments clause, government officials are barred from taking gifts or other … [Read more...]

China seems to distance itself from its traditional convenience food - instant noodles – and the reasons reflect major shifts in the Chinese’ mentality. Instant noodles have been China’s favorite belly filling meals for decades since it is cheap, convenient, and tasty. Students and hungry workers pick the noodles when in a hurry. Four years ago, more than 46 billion packets of the instant … [Read more...]

The Russia-based cybersecurity firm Kaspersky Lab has filed a lawsuit against the Trump administration over the decision to ban its software from all government computers. The Homeland Security secretary placed a ban on the software in September because of concerns that Russia may use the programs to spy on U.S. agencies. At the time, the DHS underlined that the firm’s anti-virus products can … [Read more...]

On Monday, a major price spike for the cryptocurrency bitcoin rattled South Korea regulators. The spike was a reaction to the United States’ decision to greenlight bitcoin future trading on the Chicago Board Options Exchange (CBOE). The controversial derivative started trading on Sunday. On Monday, the bitcoin price soared to $17,900 which marks a 35.8% increase from the day prior. In South … [Read more...]

McDonald’s recently unveiled a revamped version of its popular menu, the Dollar Menu, which comes with options that raise the total cost of the menu to a few bucks. The fast-food chain announced Monday, that the classic menu would be back in business starting January 4. The menu, which will go by the name of “$1-$2-$3 Dollar Menu,” will include a McChicken, Cheeseburger, or Sausage burrito … [Read more...]

Chicago has recently filed a lawsuit against Uber for paying a team of hackers $100,000 to delete stolen data on 57 million riders and drivers worldwide. In the 10-26-2016 breach, seven million U.S. drivers got their data compromised. The data breach was kept a secret for more than a year even though the company’s founder Travis Kalanick first learned about it in November 2016. Last week, … [Read more...]

Analysts found that the U.S. electric-car maker has been spending nearly half a million dollar every hour over the last year, which means it could run out of its cash pile by next summer. Tesla Inc is now working on a new electric vehicle model that could hit 60 mph in less than 2 seconds. Industry analysts project that the company will run out of cash August 6, 2018, at this breakneck … [Read more...]