Author: Pritam Barman

AWS outage left millions of people across the U.S. and abroad scrambling on Monday as banking apps, chat services and food delivery tools slowed or stopped working. While these incidents are usually short-lived, recovery can be uneven, and the ripple effects are real—especially if you’re trying to move money, contact loved ones or keep work on track. This guide explains what happened, what to expect as systems stabilize, and how to build simple, low-cost backups so the next AWS outage is less disruptive. What we know about the AWS outage The AWS outage affected a wide range of services that…

East LA bakery credit card reader theft has put a neighborhood shop and its customers on alert after a brazen device grab led to $18,000 in losses within two days, according to reporting from NBC4 Los Angeles. Surveillance video shows a woman lingering inside the East Los Angeles bakery, paying cash for an item, then asking for bottled water. When the clerk turned to grab a second bottle, she allegedly took the bakery’s credit card reader and walked out. Soon after, owner Rene Ocampo Barrera discovered thousands of dollars gone from the business account. Bank of America said the culprit…

Bahrain stablecoin regulation is taking center stage after Bahrain FinTech Bay and Tether signed a Memorandum of Understanding in Manama to fast‑track blockchain adoption, expand digital asset education and spotlight the Kingdom’s regulatory leadership in stablecoins across the region. The collaboration arrives on the heels of a newly introduced framework from the Central Bank of Bahrain that licenses and regulates stablecoin issuers. The rulebook lays out clear classifications for different stablecoin types, reserve and safeguarding standards, segregation of client assets and real‑time attestation requirements—measures designed to integrate stablecoins into Bahrain’s financial system safely and transparently. With Bahrain FinTech Bay’s ecosystem…

US FinTech investment delivered a decisive rebound in Q3 2025, with total funding rising 34% year over year to $11.4 billion across 583 deals. The surge reflects renewed investor confidence, stronger deal flow and a wider spread of capital across founders building core infrastructure, fraud/AML tooling and payments rails. While the headline growth tells a bullish story, the quarter also revealed an important nuance: funding declined 24% from Q2’s elevated $14.9 billion, even as deal count grew 7%. That combination points to smaller average checks and more disciplined rounds, suggesting investors are backing more companies while keeping valuation and stage…

US recession risk is moving back to center stage as the economy’s surprising resilience shows early cracks and the AI surge that lifted growth begins to cool. After years of defying ominous signals—an inverted yield curve, soft leading indicators and shaky sentiment—markets are confronting a tougher setup built on slower hiring, rising delinquencies and questions about whether massive AI spending can keep delivering. The headline picture still looks solid. Unemployment remains low by historical standards, major indexes hover near highs and growth has held up better than many expected. Beneath the surface, the tone is changing. From corporate capex discipline…

Job market under Trump is emerging as a top concern for many Americans, according to a new AP-NORC Center for Public Affairs Research poll that finds confidence in finding a good job has eroded alongside persistent inflation pressures. As hiring cools and day-to-day costs remain high, the mood around the economy has darkened — a potential warning sign for Republicans ahead of key races and the 2026 midterms. The nationally representative survey, conducted Oct. 9–13, 2025, points to an economy that looks resilient on paper yet feels strained for many households. Nearly half of U.S. adults say they are not…

Stock futures today were modestly higher as Wall Street geared up for a crowded stretch that features marquee earnings and a pivotal inflation print. The early tone improved after reports that the administration exempted dozens of products from reciprocal tariffs and may consider hundreds more, easing trade anxiety before high-level U.S.-China meetings. As traders positioned into the open, stock futures today reflected cautious optimism. Dow futures rose about 90 points, or 0.2%, while S&P 500 futures added roughly 0.3%. Nasdaq-100 futures also firmed. The move followed a volatile week that ultimately finished higher, with investors looking past regional bank jitters…

2026 Social Security COLA is set to be announced on Friday, Oct. 24, following a nine-day delay tied to the federal government shutdown. Here’s what to watch at 8:30 a.m. ET and how to quickly find your official increase. For tens of millions of retirees, the annual cost-of-living adjustment is the number that sets next year’s monthly Social Security benefit. The Bureau of Labor Statistics (BLS) plans to publish the September inflation report at 8:30 a.m. ET on Friday. Shortly after that release, the Social Security Administration (SSA) is expected to publish the new COLA to meet its Nov. 1,…

PEBO earnings preview tops the regional bank watchlist this week as PEOPLES BAN|OH prepares to report before the market opens on Tuesday, October 21. Consensus forecasts call for revenue of $119,380,800 and earnings of $0.84 per share, per Finnhub, putting the focus on core banking fundamentals just as rates edge lower and investors reassess risk across financials. After a choppy stretch for smaller financials, traders are zeroed in on deposit costs, net interest margin resilience, credit quality and any guidance on loan growth. Layer in fresh signals from insider activity, hedge fund positioning and updated analyst targets, and this PEBO…

Dow Jones futures ticked up early Monday as investors brace for a heavy week of catalysts, including Tesla’s quarterly results, high-level U.S.-China trade talks and the September CPI inflation report. After a volatile but positive week for major indexes, traders are watching whether these events can extend the stock market rally or trigger another round of sharp swings. The setup is crowded with crosscurrents. Growth-sensitive tech leaders remain in focus, small caps are trying to sustain a rebound and bond yields are hovering near one-year lows. At the same time, commodity pressure—led by lower crude—suggests a cautious view on global…