Chase customers have reported losing thousands of dollars due to online fraud, but the bank has refused to reimburse them, claiming no fraud was detected. One customer lost $4,500 to Zelle transactions while the bank was closed, while another lost $30,000 to a phone scam involving spoofed Chase numbers. Experts warn that scams are becoming more sophisticated with the use of artificial intelligence, and customers should be vigilant in protecting their accounts.
HOME Bargains shoppers are snapping up a summer essential for a fraction of the price, with the discounter slashing the cost of a Swan freestanding patio heater from £199.99 to just £29.99. The heater features three power settings and comes with a remote control for adjusting the temperature remotely. Despite the price reduction, HOME Bargains still offers the best deal compared to other retailers like Dunlem (£99), Wilko (£110), Robert Dyas (£81.99), and Swan’s official website (£39.99).
Microsoft, a tech giant valued at $3 trillion, has faced criticism from former White House cyber policy director Andrew Grotto over serious security lapses. Grotto blames Microsoft for the 2019 SolarWinds hack and recent breaches of Microsoft Exchange Online systems and its own systems. He also highlights Microsoft’s practice of selling network logging services as an add-on instead of enabling them as standard, as well as its insertion of ads into the Windows 11 Start menu. Grotto warns that these security lapses pose a threat to national security and businesses of all sizes. Companies should double-check their cybersecurity measures, keep software updated, and train staff on avoiding hacks.
A century-old brooch passed down from the owner’s great-grandmother was evaluated for tens of thousands of dollars on PBS’ Antiques Roadshow. Appraiser Kevin Zavian determined that the brooch was likely made in the United States between 1905 and 1915 and is worth between $12,000 and $18,000.
Seating systems company Adient (NYSE: ADNT) has announced plans to cut jobs overseas in order to reduce expenses. The exact number of positions being eliminated is still unknown, but the company intends to shift jobs to countries with lower labor costs. This decision follows lackluster sales figures in the first quarter and is part of a broader trend of layoffs in the corporate sector amid economic headwinds.
The Food Safety and Standards Authority of India (FSSAI) has begun collecting samples of powdered spices from various brands, including MDH and Everest, following concerns raised by Singapore and Hong Kong about the quality of exported spices. The FSSAI is checking the spices against its quality standards, while the Spices Board of India investigates the banned sale of four spice-mix products by MDH and Everest due to excessive pesticide levels.
The Supreme Court has deferred a hearing on a plea by Jet Airways’ lenders challenging NCLAT’s approval of Jalan-Kalrock consortium’s resolution plan. Lenders allege deviation from a previous SC ruling on encashment of a bank guarantee. The court will hear the case on Friday.
Reliance Industries, India’s largest conglomerate, reported a fourth-quarter profit above analysts’ estimates, boosted primarily by its oil-to-chemicals (O2C) business.
The company’s consolidated profit fell slightly by 2% year-over-year to 189.51 billion Indian rupees ($2.27 billion), but it exceeded market expectations of 185.22 billion rupees.
Reliance reported a revenue growth of 11.6% to 2.41 trillion rupees, with the O2C segment driving this growth due to improved fuel prices and increased volumes.
The proposed ban or forced sale of TikTok in the U.S. could pave the way for Meta Platforms and Alphabet to emerge as the major beneficiaries of TikTok’s user base. According to Wedbush analysts, TikTok’s users are likely to migrate to Meta’s Facebook or Instagram, while YouTube is also expected to gain a significant number of users. This shift could significantly boost the revenue of Meta and Google.
Express, a longtime mall retailer, filed for Chapter 11 bankruptcy protection and plans to close stores. The company had faced financial distress and declining sales. A group of investors led by WHP Global is looking to acquire the company through a sale process. The bankruptcy will provide Express with relief and allow it to implement its turnaround strategy, including closing costly leases and improving financial performance.
