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Amazon already owns your doorstep. Now it wants to secure the inside of your home.The company is buying Ring, maker of security cameras and internet-connected doorbells. It pairs nicely with Amazon Key, a smart doorlock and security camera service that allows Amazon delivery people to drop packages inside of people's homes.Amazon Key works in tandem with a security camera that records every in-home delivery. Ring offers similar services, recording live videos of customers' doorsteps and homes, then sending the videos to their smartphones. 558
After months of being unable to splurge on things like a vacation or even a night at the movies, experts say many Americans have hit a point of “frugal fatigue.” In fact, a new report by Comscore Inc. shows impulse spending is at the highest ever.With store closures and in-person shopping concerns, many consumers have moved more of their spending online. On average, they’re now spending roughly 25% of their discretionary income there.“When people are cooped up at home, there’s the tendency for impulse buying,” said Greg McBride, the Chief Financial Analyst at Bankrate.com.“I think the pandemic has moved us forward seven years in the last seven months, in terms of certain trends particularly towards digital,” he added.While online shopping has been around for a long time, McBride explained that in the last seven months, more retailers have gone online. Those already there have invested significantly in making their shopping experience easier and more convenient, so that people could spend more and more often.An easier online shopping experience eliminates the "old buffer" of someone getting in their car, driving and browsing around their favorite stores. The old way provided time to reconsider a purchase or how much to spend.“The tendency for emotional or impulsive purchasing can be really devastating towards your financial goals and unwind a lot of progress you may have otherwise already made,” McBride added.A little impulse spending won’t hurt, but these numbers are concerning some experts like McBride.“It’s really important to identify what is your trigger? Is it sadness, is it boredom, is it 'Keeping up with the Jones?’” he said. “Then developing strategies that can distract you from that.”Two simple strategies he suggests are, first, do not show up without a list or only shop for specific item. This goes for in-store shopping and, especially, online.Secondly, you should set a personal threshold for spending and impose a 24-hour waiting period for purchases above that threshold. It recreates a buffer and gives you time to sleep on the financial impact of bigger purchases. That impact could be more significant during this pandemic. 2179
After repeated calls for him to do so, Mark Zuckerberg has decided he will testify before Congress.Facebook sources tell CNNMoney the 33-year-old CEO has come to terms with the fact that he will have to testify before Congress within a matter of weeks, and Facebook is currently planning the strategy for his testimony.The pressure from lawmakers, the media and the public has become too intense to justify anything less.The Facebook sources believe Zuckerberg's willingness to testify will also put pressure on Google CEO Sundar Pichai and Twitter CEO Jack Dorsey to do the same. Senate Judiciary Chairman Chuck Grassley has officially invited all three CEOs to a hearing on data privacy on April 10. 709
After a five-year battle, the father of Las Vegas quintuplets is acquitted of rental fraud charges.The Derricos became instant celebrities in 2013 when they became a family of eleven. The family was featured on both local and national television shows."That's when all hell broke loose," said dad Deon Derrico.Derrico was facing multiple charges, including felonies. Prosecutors alleged the father forged quitclaim deeds to force a change of ownership and collect rent."Nothing seemed to change their minds once they decided I was guilty," said Derrico.Derrico said he cooperated with the investigation all along because he was innocent."The homeowner I bought this from came back later," he said, "...and alleged that I hadn't because they wanted more money."Jurors reached their verdict after a trial that lasted a week. They acquitted Derrico of all but two counts related to notarization of a signature. Prosecutors say they'll reexamine the merits of the case at the next hearing.The family said the case has forever changed their lives.Mom Karen Derrico was pregnant with triplets last year. She says she believes she lost one because of the stress of the upcoming trial."We believe that everything, it happens for a reason," she said. "This was our test for our testimony." 1318
A woman in Tallahassee, Florida is accused of drawing a gun on another shopper at a Publix grocery store last Sunday after the victim cut in line, the Tallahassee Democrat reported. According to a report of the incident by the Leon County Sheriff's Office obtained by the Tallahassee Democrat, Jessica Mock, 36, was about to check out at the Publix, but had forgotten an item. She left her cart in line to retrieve the item. When she returned, another customer had gotten in line in front of her. After Mock and the other female customer argued, the other woman got in another line. According to the report, the customer told Mock, "I'll meet you outside." Mock responded, "I'll see you outside."Once outside, Mock is accused of pulling a gun out of her waistband on the shopper. Later, the victim drove away and called law enforcement while Mock allegedly followed the woman. That is when police caught up to Mock. Mock denied pulling a gun or intentionally following the woman, but law enforcement did find a firearm. Mock was charged with aggravated assault with a deadly weapon without intent to kill, according to the report given to the Tallahassee Democrat. 1233