A fake Android app is turning victims’ phones into SMS relays

Researchers recently discovered a malicious Android application that turns the devices into SMS relays used to verify various accounts on the internet. At press time, the app has more than 100,000 downloads on the Google Play Store, and can still be downloaded.  Oftentimes, when people create online accounts, they need to verify their identities via…

Just one person remains on Twitter’s Asia child safety team, report says, despite Elon Musk saying dealing with child abuse is his biggest priority

Only one employee remains on Twitter’s child safety team in APAC. Justin Sullivan/Getty Images Only one person is left on Twitter’s child safety team in Asia, Wired reported. At least four people worked on the team prior to Elon Musk’s post-takeover staff cuts. Since the takeover, Musk has said that removing CSAM on Twitter is…

The Fed will only start cutting interest rates late next year – and the US economy will suffer a recession, a top economist predicts

The US economy faces stubborn inflation, higher unemployment, elevated interest rates, and a shallow recession. Mike Segar/Reuters Beth Ann Bovino expects stubborn inflation, a recession, and higher interest rates and unemployment. The top S&P economist sees rates peaking around 5% and unemployment hitting 5.6% next year. Inflation has likely peaked, and the US economy may…

Don’t expect any interest-rate cuts in 2023 with inflation set to remain above central banks’ targets, Credit Suisse says

The Federal Reserve is unlikely to cut interest rates next year, Credit Suisse said. Spencer Platt/Getty Images Inflation is seen staying above central banks’ targets in 2023, according to Credit Suisse. That will likely prevent the Federal Reserve from cutting interest rates next year, the bank said. Strategists said 2023 would be a “tale of…

In 1974, my great-grandmother struck a deal with my 18-year-old dad that taught him a lifelong lesson about saving money

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. My dad in the early 1970s, working at an Italian ice stand…

FTX owes more than $55,000 to Jimmy Buffett’s Margaritaville beach resort in the Bahamas, bankruptcy filings show

Sam Bankman-Fried’s FTX owes $55,319 to Jimmy Buffett’s hotel chain. Tom Williams/CQ-Roll Call, Inc via Getty Images; Amanda Edwards/Getty Images New documents in FTX’s bankruptcy case have revealed who is owed money by the collapsed crypto firm. The Margaritaville beach resort in The Bahamas is seeking $55,319 from Alameda Research. The hotel chain was founded…

Europe’s plan to cap the price of Russian oil hits a wall as Poland reportedly insists on $30 a barrel

EU countries remain split over plans to cap the price of Russian oil. Getty Images Europe’s plan to cap the price of Russian seaborne crude has stalled just days before its due date. “Uncompromising” Poland is insisting on a cap of $30 a barrel, Reuters reported, citing a diplomat. No new date for talks has…

A Russian couple who opposed Putin and the Ukraine war sought asylum in the US. They were detained for six months.

A demonstrator burns his Russian passport during a rally to condemn Russia’s invasion of Ukraine, in Tbilisi, Georgia, on October 10, 2022. Vano Shlamov/AFP via Getty Images A Russian couple sought asylum in the US but were detained for six months, The New York Times reported. The couple, who were both vocal critics of Putin…