Category: 3. Business

  • Is It Ever Legal—or Ethical—to Remove DRM?

    Is It Ever Legal—or Ethical—to Remove DRM?

    Whatever you think about Digital Rights Management software, it’s hard to argue with the fact that it’s annoying. Such technology exists, in theory, to protect the intellectual property of the companies that create music, movies, and games, but it can also get in the way of you enjoying books, music, and videos the way you want to.

    Say, for example, that you bought a bunch of books on the Amazon Kindle platform but later decided you wanted to switch to a Kobo device (or vice versa). The DRM systems on both platforms are designed to prevent you from migrating your books from one platform to the other, meaning you might need to pay again just to read a book on the Kobo you already paid for on the Kindle.

    Software exists that can remove this DRM. It requires doing some research and jumping through some technical hoops, but it could save you from having to buy the same media a second time. But is it legal?

    Illegal, but Unlikely to Be Enforced

    Let’s rip off the Band-Aid: The act of removing DRM from any kind of copyrighted work is broadly illegal in the US under section 1201 of title 17, United States Code, which was passed with the Digital Millennium Copyright Act in 1998.

    The rule is pretty clearly written: “No person shall circumvent a technological measure that effectively controls access to a work protected under this title.”

    I asked to Derek Bambauer, a law professor at the University or Florida who specializes in internet law, cybersecurity, and intellectual property, whether there are any exceptions to this. Bambauer tells me there is very little legal ambiguity here.

    “Exceptions are in there, but they’re really narrow,” he says, emphasizing that First Amendment arguments tend not to work where intellectual property is concerned.

    But will removing DRM from a file you paid for end up with you going to jail or being sued? Maybe not, says Bambauer, as companies typically don’t bother pursing it.

    “We all kind of casually violate copyright constantly,” he says, mentioning that the photocopied comic strips on his office door are technically a violation. With finite resources, the owners of intellectual property simple can’t sue everyone. “Companies tend to only go after people who are distributing copyrighted works with others.”

    “If the DRM removal is just for personal consumption, it’s hard to detect,” Bambauer says, “and it’s not worth it for companies go after that. One, the music industry tried that, and it was a horrible failure. And two, it’s just a lot easier to go after the creators and distributors of the tools.”

    And that’s what companies do: attempt to shut down or block the distribution of software that removes DRM from files. Bambauer says this is the reason most of such software tends to be made by people outside the US and is distributed on websites outside US jurisdiction. He also emphasized that sharing files with others after removing the DRM is far more likely to attract lawsuits from companies.

    Continue Reading

  • How Payoneer’s Partnership With Stripe May Influence PAYO’s Cross-Border Payment Strategy

    How Payoneer’s Partnership With Stripe May Influence PAYO’s Cross-Border Payment Strategy

    • Earlier this month, Payoneer announced a partnership with Stripe to expand its Online Checkout solution for cross-border SMBs in Asia Pacific, enabling acceptance of Buy Now Pay Later options and major digital wallets through webstores.
    • This collaboration leverages Stripe’s technology to enhance payment acceptance, customer conversion rates, and fraud prevention, marking a move by Payoneer to broaden its SMB-focused financial solutions via high-impact partnerships.
    • We’ll explore how the expanded checkout offerings, including Buy Now Pay Later and digital wallets, may influence Payoneer’s investment narrative.

    Find companies with promising cash flow potential yet trading below their fair value.

    Payoneer Global Investment Narrative Recap

    To be a shareholder in Payoneer, you need to believe in the company’s ability to expand its platform for global SMB payments while navigating intensifying competition and advances in blockchain technology. The recent Stripe partnership could boost adoption of Payoneer’s checkout solution by broadening digital payment methods, but the most important near-term catalyst remains its ability to grow higher-margin B2B services. The biggest current risk, escalating competition from fintech and traditional banks, remains largely unaltered by this announcement, as top rivals continue to roll out similar offerings.

    Among recent announcements, Payoneer’s collaboration with Citi, enabling blockchain-based treasury transfers, stands out as especially relevant since it addresses one of the key threats: long-term disruption from blockchain-powered payment rails. While this supports Payoneer’s efforts to modernize its platform and potentially defend market share, the competitive pressure from larger integrated payment networks persists as a core challenge.

    Yet in contrast, investors should be aware of the ongoing risk that new competitors may compress Payoneer’s margins, especially as market standards and client…

    Read the full narrative on Payoneer Global (it’s free!)

    Payoneer Global’s narrative projects $1.3 billion in revenue and $130.7 million in earnings by 2028. This requires 8.2% yearly revenue growth and a $30.9 million earnings increase from $99.8 million today.

    Uncover how Payoneer Global’s forecasts yield a $9.81 fair value, a 40% upside to its current price.

    Exploring Other Perspectives

    PAYO Community Fair Values as at Aug 2025

    Simply Wall St Community members offer three fair value estimates for Payoneer stock, ranging from US$6.07 to US$11.02 per share. With competitive threats from both fintech start-ups and large incumbents, it is worth considering how varied these outlooks are before you form your own view.

    Explore 3 other fair value estimates on Payoneer Global – why the stock might be worth 13% less than the current price!

    Build Your Own Payoneer Global Narrative

    Disagree with existing narratives? Create your own in under 3 minutes – extraordinary investment returns rarely come from following the herd.

    • A great starting point for your Payoneer Global research is our analysis highlighting 2 key rewards that could impact your investment decision.
    • Our free Payoneer Global research report provides a comprehensive fundamental analysis summarized in a single visual – the Snowflake – making it easy to evaluate Payoneer Global’s overall financial health at a glance.

    Ready For A Different Approach?

    Right now could be the best entry point. These picks are fresh from our daily scans. Don’t delay:

    This article by Simply Wall St is general in nature. We provide commentary based on historical data
    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.
    It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
    Simply Wall St has no position in any stocks mentioned.

    New: Manage All Your Stock Portfolios in One Place

    We’ve created the ultimate portfolio companion for stock investors, and it’s free.

    • Connect an unlimited number of Portfolios and see your total in one currency
    • Be alerted to new Warning Signs or Risks via email or mobile
    • Track the Fair Value of your stocks

    Try a Demo Portfolio for Free

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

    Continue Reading

  • SpaceX eyes Starship reusability milestones in rocket's tenth flight test – Reuters

    1. SpaceX eyes Starship reusability milestones in rocket’s tenth flight test  Reuters
    2. The most powerful rocket ever built is set for its next test. Here’s why some experts are worried  CNN
    3. Starship prepares to launch Flight 10 in penultimate Block 2 test  NASASpaceFlight.com –
    4. SpaceX’s Starship Flight 10 launches today: How to watch  NewsBytes
    5. SpaceX transfers its best engineers due to the Starship crisis  drivingeco.com

    Continue Reading

  • Tariffs ‘starting to show up’: how Trump’s strategy could increase back-to-school costs | Trump tariffs

    Tariffs ‘starting to show up’: how Trump’s strategy could increase back-to-school costs | Trump tariffs

    Summer is drawing to a close and as parents and children get ready for a new school year, their first lesson will be in economics.

    Most of Donald Trump’s tariffs went into effect at the beginning of August. We are still waiting on a deal with China. But with school supplies so dependent on imports, consumers have been anxiously waiting to see how tariffs will affect the prices they see in stores.

    A survey from the National Retail Federation (NRF) found that 12% more parents started back-to-school shopping earlier this year compared with last year, largely because of concerns over tariffs, and 72% of parents expect higher prices this year.

    A graphic showing the tariffs levied by Trump on different countries, reimagined as a school shelving system with empty trays and some slots filled with school supplies.

    The NRF estimated the total expected spending for back-to-school shopping, from new clothes and electronics to pencils and paper, will total $39.4bn – the second highest on record, after 2023. Families with kids in kindergarten through 12th grade are budgeting, on average, $874.68 for everything they need for the year.

    It’s still unclear exactly how much Trump’s new tariffs will affect prices. Companies have the power to increase prices as much as they want, but at the risk of losing customers to competitors.

    “There’s a lot happening behind the scenes, like importers trying to renegotiate with their foreign suppliers, they’re trying to get their foreign suppliers to absorb some of the costs, they’re trying to absorb costs themselves,” said Sarah Dickerson, a research economist at the University of North Carolina at Chapel Hill.

    At the beginning of the summer, Target announced it would maintain its 2024 prices for 20 “must-have supplies”, a move the company hopes will keep customers loyal during the back-to-school shopping season.

    However, economists argue that retailers will eventually have to pass on the costs. A recent analysis from Goldman Sachs estimated that consumers paid 36% of tariff costs three months and 67% of costs four months after a levy was set.

    These increases are only just starting to show up in inflation data. After dipping down in the spring, inflation has been rising since April, something that’s caught the attention of officials at the US Federal Reserve.

    A graph showing inflation trends for US consumers.

    Tariffs “are starting to show up in consumer prices … [and] we expect to see more of that”, Fed chair Jerome Powell said in July. “We know from surveys that companies feel they have every intention of putting this through to the consumer.”

    This of course is contrary to how the White House thinks. Trump has said that tariffs will either bring manufacturing back to America or help the country negotiate better trade deals. Trump has largely brushed aside the potential price increases and while conceded that the tariffs “won’t be easy, the end result will be historic”.

    For parents starting their back-to-school shopping, Dickerson recommends taking the time to compare prices between stores since they may vary between retailers.

    “Those individual prices are going to vary, which is why it makes sense, if you’re a parent, to shop around a bit and see what the different prices are out there,” she said.

    Continue Reading

  • Skilled workers receive invitations in Manitoba’s latest provincial draw

    Skilled workers receive invitations in Manitoba’s latest provincial draw

    Manitoba held its second draw of August this week, issuing invitations to skilled workers through the Manitoba Provincial Nominee Program (MPNP). (more…)

  • Nvidia Earnings, a Key Measure of Inflation, and More

    Nvidia Earnings, a Key Measure of Inflation, and More

    After a sweeping rally for U.S. stocks Friday fueled by rising expectations of an interest rate cut next month, earnings from the world’s most valuable company and a key measure of inflation could command the spotlight this week.

    Chipmaker Nvidia (NVDA) has been front-and-center in the AI boom, with surging sales on growing demand for the emerging tech. Investors will likely be watching for updates on its most advanced offerings, as well as its plans to navigate changing trade policies, when the company posts its quarterly results.

    Investors can also look forward to the latest release of the Federal Reserve’s favored measure of inflation, which could influence whether the central bank makes its first interest rate cut of the year in September. 

    Read to the bottom for our calendar of key events—and one more thing.  

    Nvidia Earnings To Highlight Strength of AI Demand

    Nvidia’s second-quarter results due Wednesday could show whether the chipmaker continues to set the pace in the AI race, with analysts anticipating another sales record despite some headwinds from China export curbs.

    Nvidia said in May that it expects to report growing revenue, though it warned of a hit from China export restrictions to the tune of $8 billion. The company could offer more updates on its business in China after making a deal with the Trump administration to share revenue from its AI chip sales there. Nvidia is also considering offering a variety of new products for the Chinese market in advance of government approval. 

    Some other companies set to report this week include chipmaker Marvell Technology (MRVL), Dell (DELL), CrowdStrike (CRWD), cloud provider Snowflake (SNOW), and engineering software maker Autodesk (ADSK), along with several Canadian banks.

    Key Inflation Data Could Influence Fed Moves

    A fresh update on inflation is set to come Friday, with the Personal Consumption Expenditures Index for July, after dovish remarks last week from Fed Chair Jerome Powell boosted expectations for a rate cut in September.

    The June PCE report showed that inflation ticked higher that month, but a similar inflation report released earlier showed price increases in July were lower than some feared. The PCE report is the Fed’s preferred measurement of inflation, giving its reading potentially more impact with central bankers ahead of September’s interest rate decision. 

    This week will also bring a pair of consumer surveys, data on the U.S. trade balance, and housing market data, among other things. 

    Quick Links: Recap Last Week’s Trading | Read Investopedia’s Latest News

    This Week’s Calendar

    Monday, Aug. 25

    • New home sales (July)
    • Key Earnings: PDD Holdings (PDD)

    Tuesday, Aug. 26

    • Consumer confidence (August)
    • Federal Reserve Officials Speaking: Richmond Fed President Tom Barkin
    • More Data to Watch: Durable-goods orders (July), S&P Case-Shiller home price index (June)
    • Key Earnings: Bank of Montreal (BMO), Bank of Nova Scotia (BNS), MongoDB (MDB), Okta (OKTA)

    Wednesday, Aug. 27

    • Federal Reserve Officials Speaking: Richmond Fed President Tom Barkin
    • Key Earnings: Nvidia, Royal Bank of Canada (RY), CrowdStrike, Snowflake, Veeva Systems (VEEV), Agilent Technologies (A), HP (HPQ)

    Thursday, Aug. 28

    • Gross domestic product – first revisions (Q2)
    • More Data to Watch: Initial jobless claims (Week ending Aug. 23), Pending home sales (July)
    • Key Earnings: Toronto Dominion Bank (TD), Dell Technologies (DELL), Canadian Imperial Bank of Commerce (CM), Marvell Technology, Autodesk, Li Auto (LI), Affirm Holdings (AFRM), Dollar General (DG)

    Friday, Aug. 29

    • Personal Consumption Expenditures (PCE) (July)
    • More Data to Watch: Consumer sentiment – final (August), U.S. trade balance (July), retail inventories (July), wholesale inventories (July)

    One More Thing

    A new partnership between CME Group and FanDuel will soon allow for “event contracts” on a wide variety of events, letting users make bets on the outcome of the latest inflation report, cryptocurrency movements, where the S&P 500 finishes, and a host of financial marketplace results. Investopedia’s Nisha Gopalan has more on that here.

    Continue Reading

  • Open market Dollar Sale Plunges 50% as Grey Market Resurfaces

    Open market Dollar Sale Plunges 50% as Grey Market Resurfaces

    The open market dollar sale has recorded a sharp 50 percent decline this month, with currency dealers warning of renewed grey market activity that could pressure Pakistan’s exchange rate.

    Banking market dealers noted that while remittance inflows remain steady at $3.2 billion in July, the steep fall in dollar sales is creating uncertainty. Open market money changers sold around $115 million to the banking system this month, significantly lower than the same period last year.

    According to money changers, strict documentation rules for dollar purchases have reduced sales, with only small transactions of up to $500 being processed smoothly. A dealer, said the open market is facing a shortage of dollars, selling only what comes in from the public, while buyers appear to be snapping up the currency before it reaches money changers.

    Money changers estimate sales for August may not exceed $200 million, compared to the average monthly figure of $350 million in FY25 and $300 million in July FY26.

    Grey Market Rates Rise Amid Growing Dollar Demand

    Concerns are also mounting about the resurgence of illegal markets in major cities, where rates fluctuate between Rs287 and Rs292 per dollar. These higher rates are attracting individual sellers and buyers seeking dollars for tuition fees or medical costs abroad, despite the difficulties in securing funds for such legitimate needs.

    The official exchange rate has been falling since the government crackdown on smugglers and illegal operators. The dollar dropped by Rs4 in the open market, sliding from Rs288.50 on July 22 to Rs283.58 currently.

    Bankers clarified that the decline in the open market dollar sale is not linked to changes in government incentives for banks and money changers. They emphasized that remittance inflows remain strong but warned that price controls are enabling grey market players to exploit the gap by offering higher rates.

    Analysts suggest the market could stabilize with stronger foreign exchange reserves, consistent remittances, and improved ties with key partners like the US and China. They also advised the State Bank to avoid large-scale dollar purchases, as seen in FY25, to maintain liquidity and stability.

    Continue Reading

  • Utilization of Electronic Devices and Online Education Tools for Learning Among Undergraduate Medical Students of a Tertiary Care Teaching Hospital: A Cross-Sectional Study

    Utilization of Electronic Devices and Online Education Tools for Learning Among Undergraduate Medical Students of a Tertiary Care Teaching Hospital: A Cross-Sectional Study


    Continue Reading

  • Here’s How Canceling an Uber Ride Affects Your Rating

    Here’s How Canceling an Uber Ride Affects Your Rating

    Whether you decide to walk instead or you’re trying to ride in a Waymo, you might need to cancel an Uber ride someday.

    If you do, there’s no evidence that it will hurt your rating on the app as a ride-hailing passenger. You can often avoid a cancellation fee as well — if you cancel at the right time.

    Nate Galesic, an Uber rider in Atlanta, said he frequently cancels rides once he sees that he’s been matched with a human driver. He has used the method to improve his chance of being matched with one of the Waymo driverless cars that Uber has been using in the city since June.

    Each time he cancels, Galesic said, he gets a refund from Uber immediately. “If you cancel the ride right away, you don’t have to pay,” he said. He also hasn’t noticed any hit to his rating because of all the cancellations, he told Business Insider.

    There’s only one downside to all those canceled rides: A few times, Galesic said, Uber has blocked his ability to request rides for between 20 and 30 minutes after he canceled several rides in a row. He’s always been able to request more rides after that period is up, he added.

    Uber did not respond to questions about its policy on canceling rides from Business Insider.

    On its website, Uber does not say if canceling too many rides can affect a user’s rating. It does say, however, that drivers and riders have the chance to rate each other after a trip ends — meaning that the driver of your canceled ride might never have a chance to rate you.

    Uber might charge you a fee for canceling your trip after the app has matched you with a driver, though it depends on the circumstances under which you make the cancellation.

    For economy rides, such as UberX, UberXL, and Comfort, Uber allows riders to cancel a trip for free within two minutes of matching with a driver. The cutoff for premium rides, such as Black and Premier, is five minutes.

    “In some cases, your cancellation fees will be based on how far the driver has already driven, how long it took the driver to arrive at your pickup location, and the time your driver has been waiting,” Uber says on its website. “These fees pay earners for the time and effort they spend getting to your location.”

    Do you have a story to share about ride-hailing or the gig economy? Contact this reporter at abitter@businessinsider.com or 808-854-4501.


    Continue Reading

  • Over 800 mln railway journeys made during China’s 2025 summer travel rush

    BEIJING, Aug. 24 — China has seen 823 million railway passenger trips between July 1, the start of the summer travel rush, and Aug. 23, data from the country’s railway operator revealed on Sunday.

    This figure marks an increase of 6.4 percent from the same period of 2024, according to China State Railway Group Co., Ltd.

    During the period, the daily average number of passenger trips handled by the country’s railways stood at 15.23 million, the group said.

    The summer travel rush is usually a busy season for the railway network, fueled by college students returning home as well as increased family and tourist travels during the summer holiday.

    The railway operator added that a series of measures have been rolled out to cater to surging demand — including boosting capacity on popular routes and during favored time slots, while also partnering with local cultural and tourism groups to enhance travel services.

    Continue Reading