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Credit Card Chargebacks Surge As E-Commerce & Cashless Society Gets Messy For Consumers
Credit Card Chargebacks Surge As E-Commerce & Cashless Society Gets Messy For Consumers
US consumers are disputing card purchases at a record pace, as online fraud, confusing billing practices, and sneaky subscription charges drive a surge in chargebacks.
Bloomberg cites new data from research firm Juniper Research on consumers' aggressive use of chargebacks. Last year alone, US consumers filed 158 million transaction disputes, up 29% from 2021 and outpacing overall growth in card spending. Global disputes jumped 46% over the same period.
The increase may reflect not only more legitimate fraud but...
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Sep 1, 2026 / Tyler Durden
Iran Targets Marine Barracks In Jordan, Sends Drones On Bahrain, After Trump Ordered New Strikes
Iran Targets Marine Barracks In Jordan, Sends Drones On Bahrain, After Trump Ordered New Strikes
Summary
Explosions in Jordan reported amid initial Iranian retaliation, drones on Bahrain.
Reports of fresh US strike wave on southern Iran, oil soars
Bessent Says Hormuz Will Be "Worthless Piece of Water" In Two Years
Iran offers conditional ceasefire: Pezeshkian says Iran will return to talks if the US honors prior commitments, which Tehran says it has violated.
Tankers hit in Strait of Hormuz: Two supertankers struck exiting Hormuz, escalating energy-market risks.
Oil prices surge: Brent crude rose above $92/barrel.
Diesel supply squeezed: Refinery disruptions are driving diesel...
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Apr 17, 2026 / Tyler Durden
Cybertruck Sales "Propped Up" By SpaceX Buying Spree
Cybertruck Sales "Propped Up" By SpaceX Buying Spree
Bloomberg is out with a new report saying Tesla's Cybertruck sales were "propped up" in the fourth quarter by purchases from companies inside Elon Musk's business empire.
SpaceX accounted for 1,279 Cybertruck registrations, or about 18% of all U.S. Cybertruck registrations during the last quarter of 2025. The report went on to say that xAI, Boring Co., and Neuralink also purchased the stainless-steel EV during the period.
"That means almost one in every five Cybertrucks registered during the period were delivered from one part...
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May 19, 2026 / Dave DeCamp
Israeli Strike on Gaza City Kills One Palestinian as Constant IDF Ceasefire Violations Continue
An Israeli airstrike on a car in Gaza City on Tuesday killed at least one Palestinian as the Israeli military continues its constant violations of the US-backed ceasefire deal. According to the Palestinian news agency WAFA, the strike hit a vehicle on al-Shuhada Street in the western part of the city. An Israeli drone attack […]
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