Newslit Daily

Today’s pick How companies are hiding inflation without charging you more . Do consumers notice when their everyday products get smaller? Often they don't and companies are taking advantage by reducing the amount of product they sell while keeping prices the same. (Clarisa Diaz / Quartz ) Seven Seven Six Seeds A Cohort Of New Micro Funds . Alexis Ohanian’s year-old firm helped launch a group of fu...

Today’s pick The many escapes of Justin Sun . How does a crypto hype man stay ahead of regulators? He keeps running. (Christopher Harland-Dunaway / The Verge ) Italy fines Clearview AI €20M and orders data deleted . Another European privacy watchdog has sanctioned the controversial facial recognition firm, Clearview AI, which scrapes selfies off the Internet to amass a databased of some 10 billion...

Today’s pick How Did This Many Deaths Become Normal? . The United States reported more deaths from COVID-19 last Friday than deaths from Hurricane Katrina, more on any two recent weekdays than deaths during the 9/11 terrorist attacks, more last month than deaths from flu in a bad season, and more in… (Ed Yong / The Atlantic ) Meta's Sheryl Sandberg: 'No two countries run by women would ever go to...

Today’s pick White House to Order Broad Review of Cryptocurrencies . The White House is set to release an executive order this week tasking several federal agencies with conducting a broad review of cryptocurrencies, including studying the creation of a U.S. digital currency, according to a person… (Andrew Duehren / Wall Street Journal ) Samsung confirms hackers stole Galaxy source code . Hackers...

Today’s pick The Surge in Gas Prices Isn't Slowing Down . Prices at the gas pump are soaring to near record levels across the U.S., threatening to further pressure consumers and an economy already struggling with sky-high inflation. On Sunday, the national average price for regular gasoline hit $4 a… (Scott Patterson / Wall Street Journal ) Bed Bath & Beyond shares surge 70% after GameStop chairma...

Today’s pick The Wolf of Main Street . The fastest-growing landlord in the U.S. Midwest, Monarch Investment and Management Group, used evictions to drive up rents during the pandemic. (Kriston Capps & Sarah Holder / Bloomberg ) If Currency Reserves Aren't Really Money, the World Is in for a Shock . Sanctions have shown that currency reserves accumulated by central banks can be taken away. With Chi...

Today’s pick Reinvention and Nostalgia: The Project to Remake Twitter . The company is undertaking a far-reaching effort to change how it works. For some, it is an echo of their early idealism and a vision for what the internet could have been. (Kate Conger / The New York Times ) TikTok Faces Scrutiny in State Attorneys General Probe of Online Harms to Children . State prosecutors add video-sharin...

Today’s pick Trapped in Silicon Valley's Hidden Caste System . Born in a cowshed in India, Siddhant now works for Meta in California. But he hides his background as a Dalit and fears he can never reveal his true self. (Sonia Paul / WIRED ) Instagram rolls out encrypted direct messaging in Ukraine and Russia . As part of a series of actions Meta is taking in response to the conflict in Ukraine, whi...

Today’s pick The UN's climate report highlights the dangers of natural solutions . Planting carbon-sucking trees and crops can compete with food production, alter ecosystems, and place strains on biodiversity. (James Temple via MIT Technology Review ) TikTok expands maximum video length to 10 minutes . The app is now challenging YouTube with longer-form content. (James Vincent / The Verge ) Instag...

Today’s pick SWIFT Ban Means the Fed May Need to Be Ready With Dollars . The decision to exclude various Russian lenders from the SWIFT messaging system could result in missed payments and giant overdrafts within the international banking system. (Benjamin Purvis / Bloomberg ) Supreme Court Will Hear Biggest Climate Change Case in a Decade . The court could handcuff President Biden’s climate chang...

Today’s pick Behind the stalkerware network spilling the private phone data of hundreds of thousands . A fleet of spyware apps share the same security flaw . (Zack Whittaker / TechCrunch ) China Is About to Regulate AI-and the World Is Watching . Sweeping rules will cover algorithms that set prices, control search results, recommend videos, and filter content. (Jennifer Conrad / WIRED ) Proctorio...

Today’s pick Exclusive: Austrian Programmer And Ex Crypto CEO Likely Stole $11 Billion Of Ether . Who hacked The DAO in 2016, diverting 3.6 million ether? We identify the apparent hacker — he denies it — by following a complicated trail of crypto transactions and using a previously undisclosed privacy-cracking forensics tool. (Laura Shin via Forbes ) Never mind Big Tech - 'little tech' can be dang...

Good Morning! Today we are adding a short audio clip to round-up the edition and bring you up-to-speed on your mornings. Let me know what you think! — Jose Montes de Oca P.S. Was this forwarded to you? Sign up here . Today’s pick $1.7 million in NFTs stolen in apparent phishing attack on OpenSea users . On Saturday, attackers stole hundreds of NFTs from OpenSea users, causing a late-night panic am...