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Credit card interest rates, which averaged 23% in 2023, are significantly higher than any other major loan product primarily due to non-diversifiable default risk and banks' market power, according to research published by the Federal Reserve Bank of New York.
The comprehensive study, which analyzed 330 million monthly credit card accounts, found that while high default losses contribute to elevated rates, they explain only part of the picture. Even high-FICO borrowers pay spreads exceeding 7% above the f
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Slashdot
Musk defended DOGE's work during a meeting with Italy's League Party, arguing that the task force has exhibited "extreme transparency." Read more ›
3,299 fresh
People are gathering in cities all over the United States and globally to protest an “illegal, billionaire power grab” by President Donald Trump and Elon Musk. They’re being put on by over 150 different organizations, including civil rights groups, labor unions, and LGBTQ+ advocates, and span more than 1,200 locations. Last weekend, “Tesla Takedown” protests […] Read more ›
3,043 fresh
Musk during a talk with Italian Deputy Prime Minister Matteo Salvini said he'd like to see a "free trade zone" between Europe and the US. Read more ›
2,369 fresh
DOGE operatives have repeatedly referred to the software company Palantir as a possible partner in creating a “mega API” at the IRS, sources tell WIRED. Read more ›
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Kevin Bacon discussed losing money in former financier Bernie Madoff's Ponzi scheme nearly two decades ago, when the criminal operation collapsed. Read more ›
933 fresh
My 10-month-old accidentally bumped his head while getting his diaper changed in the plane. I obsessed about his health during our entire trip. Read more ›
388 fresh
As President Donald Trump’s tariffs set in, it may well be time to say goodbye to the under-$30,000 car. Read more ›
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"We will track down leakers and prosecute them to the fullest extent of the law," a spokesperson for DHS said. Read more ›
266 fresh
Coordinated nationwide protests against the Trump administration drew large crowds. Business Insider was there. Read more ›
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While DeepSeek R1 and OpenAI o1 edge out Behemoth on a couple metrics, Llama 4 Behemoth remains highly competitive. Read more ›
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Greta Lee, Jared Leto, and Jeff Bridges star in the third film in the Tron series, out October 10. Read more ›
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Amazon's new feature could make it easier to get into the latest release in a series, especially if it's been some time since you've read the previous books. The new Recaps feature is part of the latest software update for the Kindle, and the company compares it to "Previously on..." segments you can watch for TV shows. Amazon announced Recaps in a blog post, where it said that you can... Read more ›
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Ranked based on durability, value, and aesthetics, these are the best socket set brands for novices to seasoned mechanics. Read more ›
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Microsoft's latest WHAMM model builds on its predecessor. It is now capable of delivering a real-time AI-generated gaming experience with user input support. Read more ›
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Plus: Another DOGE operative allegedly has a history in the hacking world, and Donald Trump’s national security adviser apparently had way more Signal chats than previously known. Read more ›
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Over on Reddit's "selfhosted" subreddit for alternatives to popular services, long-time Slashdot reader Zoup described a pain point: - Landlock is a Linux Security Module (LSM) that lets unprivileged processes restrict themselves. - It's been in the kernel since 5.13, but the API is awkward to use directly. - It always annoyed the hell out of me to run random binaries from the internet without any real control over what... Read more ›
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Trump's tariff hike mirrors the 1930 Smoot-Hawley Tariff Act, which exacerbated the Great Depression and led to a major shift in US trade policy. Read more ›
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Boise residents have somewhat limited broadband option, which can make finding the right plan to fit your needs challenging. That's why CNET's experts are here to help you explore your options. Read more ›
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Disney just released the first trailer for Tron: Ares, the long-planned Tron: Legacy sequel. The minute-and-a-half trailer doesn’t say much about the story but shows plenty of the movie’s visuals, which look dark, moody, and filled with the series’ signature light trails. The trailer opens in the physical world at night, as Jared Leto’s Ares, […] Read more ›
175 fresh
The luxury automaker, which produces some of the UK's most iconic cars, said the US remained an important market. Read more ›
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Slashdot
Microsoft is pushing businesses to shift away from perpetual Office licenses to Microsoft 365 subscriptions, citing collaboration limitations and rising IT costs associated with standalone software. "You may have started noticing limitations," Microsoft says in a post. "Your apps are stuck on your desktop, limiting productivity anytime you're away from your office. You can't easily access your files or collaborate when working remotely." In its pitch, the Windows-maker says Microsoft... Read more ›
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An anonymous reader shares a report: A prominent computer scientist who has spent 20 years publishing academic papers on cryptography, privacy, and cybersecurity has gone incommunicado, had his professor profile, email account, and phone number removed by his employer, Indiana University, and had his homes raided by the FBI. No one knows why. Xiaofeng Wang has a long list of prestigious titles. He was the associate dean for research at... Read more ›
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Substack has announced it will legally support foreign writers lawfully residing in the U.S. who face government targeting over their published work, partnering with the nonprofit FIRE to expand its existing Defender program. The Verge reports: In their announcement, Substack and FIRE mention the international Tufts University student who was arrested by federal agents last week. Her legal team links her arrest to an opinion piece she co-wrote for the... Read more ›
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Longtime Slashdot reader CyberSlugGump shares a support article from AT&T, writing: On June 17th, AT&T will stop supporting email-to-text messages. That means you won't be able to send a text message to an AT&T customer from an email address. You can still get in touch with AT&T customers using SMS (text), MMS, and standard email services. Read more of this story at Slashdot. Read more ›
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An anonymous reader quotes a report from Ars Technica: [...] The study, led by researchers at Brown University, found that the wealthiest Americans lived shorter lives than the wealthiest Europeans. In fact, wealthy Northern and Western Europeans had death rates 35 percent lower than the wealthiest Americans, whose lifespans were more like the poorest in Northern and Western Europe -- which includes countries such as France, the Netherlands, and Switzerland.... Read more ›
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An anonymous reader quotes a report from Ars Technica: Europol has shut down one of the largest dark web pedophile networks in the world, prompting dozens of arrests worldwide and threatening that more are to follow. Launched in 2021, KidFlix allowed users to join for free to preview low-quality videos depicting child sex abuse materials (CSAM). To see higher-resolution videos, users had to earn credits by sending cryptocurrency payments, uploading... Read more ›
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Software engineer Sergey Tselovalnikov weighs in on the new hype: The term caught on and Twitter quickly flooded with posts about how AI has radically transformed coding and will soon replace all software engineers. While AI undeniably impacts the way we write code, it hasn't fundamentally changed our role as engineers. Allow me to explain. [...] Vibe coding is interacting with the codebase via prompts. As the implementation is hidden... Read more ›
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A joint investigation found that at least five popular VPN apps on the App Store and Google Play have ties to Qihoo 360, a Chinese company with military links. Apple has since removed two of the apps but has not confirmed the status of the remaining three, which 9to5Mac notes have "racked up more than a million downloads." The five apps in question are Turbo VPN, VPN Proxy Master, Thunder... Read more ›
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U.S. stock markets suffered their worst day since the Covid pandemic after Donald Trump announced sweeping new tariffs, triggering a global selloff and wiping out $470 billion in value from tech giants Apple and Nvidia. From a report: The tech-heavy Nasdaq fell 6%, while the S&P 500 and the Dow dropped 4.8% and 3.9%, respectively. [...] Meanwhile, the US dollar hit a six-month low, going down at least 2.2% on... Read more ›
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An anonymous reader shares a report: Microsoft's business-oriented "Link" mini-desktop PC, which connects directly to the company's Windows 365 cloud service, is now available to buy for $349.99 in the US and in several other countries. Windows 365 Link, which was announced last November, is a device that is more easily manageable by IT departments than a typical computer while also reducing the needs of hands on support. Read more... Read more ›
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Most popular sources
Business Insider
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39% 2 |
Wired
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18% 16 |
The Verge
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10% 2 |
CNET
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5% 3 |
Engadget
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4% 0 |
| View sources » | |
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05.04.2025 20:30
Last update: 20:05 EDT.
News rating updated: 03:21.
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