Shopify agrees to consumer safety tweaks in Europe

Shopify has agreed to make changes linked to shopper safety and combating fakes after a regulatory intervention in the European Union following a number of complaints, the Commission said today. The changes agreed to include a commitment to create a “fast and effective” ‘notice and action’ procedure for national consumer authorities to report problems they…

Majority of U.S. adults want Big Tech to restrict misinformation on social platforms

The majority of social media users are standing behind Big Tech companies’ efforts to curb misinformation, even as users of “alternative” social media sites find community in the unregulated media environments fostered by “free-speech” advocates. The information comes from a new study by the Pew Research Center, published Oct. 6, which dives into the motivations…

Global VC funding has seen a huge drop this year

Global venture capital (VC) funding saw a huge drop in the third quarter of 2022 as various large-scale challenges affected investor appetites, new research has claimed.. VC funding for the quarter declined 53% year-over-year, and 33% quarter-over-quarter, to $81 billion according to statistics from Crunchbase.  This makes Q3 the weakest quarter for VC funding since…

A Russian oil price cap would fundamentally shift the balance of power between OPEC and the West, analyst says; ‘the rules of the game are changing’

Saudi Energy Minister Prince Abdulaziz bin Salman. Getty Images Efforts to cap Russian oil prices would fundamentally shift the balance of power between OPEC and the West, according to an oil analyst.  A scheme that tilts pricing power to the US and Europe “shifts the unspoken red lines,” tweeted Karim Fawaz, director for energy advisory…

Student loan relief will help folks ‘put a few more bucks in the bank,’ Biden’s labor secretary says — and maybe even buy their first home

Labor Secretary Marty Walsh Chip Somodevilla/Getty Images Borrowers will soon be able to apply for President Joe Biden’s student debt relief. Labor Secretary Marty Walsh says debt forgiveness might help people buy their first homes. Pardoning federal marijuana convictions will also help more people get better jobs, Walsh said. With jobs booming, people still comfortable…

A YouTuber’s ‘disaster’ towing with the F-150 Lightning highlights one of the drawbacks of electric trucks today

YouTuber Tyler Hoover and his F-150 Lightning. Tyler Hoover YouTuber Tyler Hoover found that towing with the electric Ford F-150 isn’t as easy as towing with a gas vehicle.  He found that towing significantly slashed his F-150 Lightning’s driving range.  Other tests have found that EV range suffers when towing a heavy trailer.  One YouTuber…

Biden’s Education Secretary says student-loan borrowers think the industry is a ‘bureaucratic system that takes too long’ and he wants to ‘dispel some of those myths’ through the upcoming debt relief

US Education Secretary Miguel Cardona MANDEL NGAN / Getty Images Education Sec. Miguel Cardona said he wants to “dispel” myths that the student-loan industry is “bureaucratic.” He told Yahoo Finance the upcoming debt relief will be simple and easy for borrowers to access. He also noted that it’s “hypocritical” for Republicans to be blasting the…