1,443 Financial Institutions Accept Apple Pay, Chase Pay at Phillips 66

There is an interesting reason for the widespread acceptance of Apple Pay among U.S. banks and credit unions that many Americans do not realize. Your Uncle Sam is partially subsidizing Apple Pay; by underwriting its insurance costs, through the Federal Deposit Insurance Corporation or FDIC.

The FDIC provides $250,000 in deposit insurance for every depositor at most banks and credit unions. That means it; and not Apple or the bank, might be responsible for the losses that might be incurred if Apple Pay failed or got hacked.

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Big News, Snapchat & Hulu change Digital Entertainment while Unions Back Republican

In a related move Hulu is planning to pull the plug on its free streaming service, Variety reported. Instead the service owned by a consortium of Time Warner (NYSE: TWX), The Walt Disney Company (NYSE: DIS), Comcast and 21st Century Fox will only offer $7.99 and $11.99 monthly subscriptions.

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Is the Walgreens’ Rite-Aid Deal Dead?

Another possibility is that Walgreen will dismember Rite Aid in order to comply with the FTC’s wishes. The larger drug store operator might sell off a large percentage of Rite Aid’s stores, and keep just the ones it wants.

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Is UPS in Trouble?

At this rate it looks as if FedEx will soon catch up with UPS in revenue. It also looks like FedEx still has momentum while UPS does not. It also looks as if FedEx will top the $50 billion revenue mark sometime this year.

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Crisis on Campus: College Enrollment is Falling

It looks as if a major crisis is about to affect American colleges and few people are noticing. Not only could the enrollment drop and devastate campuses, the effects could be felt far beyond campus, for example, on all the businesses that depend on college students’ business, which range from used bookstores to pizzerias.

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Why Terrorism Will Not Help the Republicans in 2016

My prediction is that all it will take is one more high-profile mass shooting in the U.S., something that is highly likely, to make the current crop of GOP presidential candidates unelectable. If that mass shooting is linked to terrorism, Republicans could find themselves facing their worst presidential electoral defeat since 1964, when Barry Goldwater only carried six of the 50 states.

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Why Amazon Is Now a Trucking Company

Amazon.com Inc. (NASDAQ: AMZN) is becoming more and more like other large retailers such as Walmart Store Inc. (NYSE: WMT) and Kroger (NYSE: KR). Like those companies, the Everything Store is planning to put its own fleet of tractor trailers on the road.

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First Hyperloop could be built in Persian Gulf, not the USA

Diamandis claims he could build a working hyperloop system that could travel the 90 miles between Abu Dhabi and Dubai in just 14.94 minutes. He told an audience at a CEO forum that he could have the system up and running in five years, Tech Insider reported.

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