🏆🤖Debit Card Security Breaches Across 6 Major US Banks

THE PROFITS💸

Good morning Opportunists. Debit card breaches hit six major U.S. banks, Taskrabbit users turn everyday skills into thriving side hustles, and Airbound unveils game-changing drones slashing last-mile delivery costs. Let’s dive into the stories shaping money, innovation, and opportunity!

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Trending US Banks and Money News

Debit Card Security Breaches Across 6 Major US Banks

Six U.S. banks, including Mainstreet Bank, Savers Bank, and Webster Five Cents Savings Bank, are addressing potential debit card security breaches linked to a compromised merchant payment platform. Affected customers are being issued replacement cards as banks warn of exposed personal information, such as names and card numbers, urging vigilance in monitoring accounts for suspicious activity over the next 12 to 24 months.

Rocket Labs

Rocket Lab's stock skyrocketed 45.5% to a record $21.33, a more than 4X gain since August, fueled by record revenue forecasts and new contracts for its Neutron rocket, poised to rival SpaceX's Falcon 9. With a growing $1.05 billion pipeline, U.S. government backing, and an 80% year-over-year increase in bookings, the Kiwi-American firm cements its position as a strong contender in the space race, now valued at $10.85 billion. [Source]

Side Hustle Spotlight

Side Hustle Spotlight: 
Over half of Americans have a side hustle, but picking the right one can feel like finding a needle in a haystack. The secret? Many successful side hustlers leverage skills they already have—like cleaning, moving, or assembling furniture—and use platforms like Taskrabbit to connect with paying customers. Here’s how three people turned their side gigs into thriving businesses: [Source]

3 Taskrabbit Success Stories

1. Tom Saar – Moving Pro Extraordinaire

   • From Starbucks barista to NYC moving mogul, Saar launched a moving business that earned $70,000 in one month.

   • Pro Tip: Keep clients in the loop, handle mistakes with grace, and embrace failures—they’re stepping stones to success.

2. Emely Cepeda – Cleaning Queen

   • A dental student juggling studies and a side gig, Cepeda rakes in up to $500 a day with her cleaning services.

   • Pro Tip: Capitalize on high-demand seasons (like holidays) to maximize earnings and always make the most of your time.

3. Dan Weiss – The 79-Year-Old Furniture Guru

   • This retiree earns $4,000 a month assembling furniture, proving it’s never too late to dive into a side hustle.

   • Pro Tip: Patience, respect for clients, and top-notch work are the keys to building a steady income.

Science and Technology

Airbound Drones: Airbound, a drone delivery startup, has unveiled its next-gen TRT drones, which reduce last-mile delivery costs by 100x, thanks to a lightweight design and advanced aerodynamics. Backed by $1.7 million in seed funding led by Lightspeed, the company is initially focusing on medical deliveries, with plans to expand into food and grocery logistics. [Source]

Data Breach Settlement: Ardagh Glass has agreed to a $2.75 million settlement to resolve claims it failed to prevent a ransomware attack in 2021 that compromised the personal data of over 5,300 individuals. While denying wrongdoing, the company will provide compensation to affected employees and dependents, with claims requiring proof of breach-related expenses and a submission deadline of November 27, 2024. [Source]

Francophone Africa: Senegal-based HR-tech startup Socium is leveraging its first-mover advantage in Francophone Africa, focusing on 21 French-speaking countries with tailored solutions for payroll, recruitment, and performance management. Backed by $5 million in seed funding, Socium’s scalable platform automates complex HR tasks, enables rapid deployment across new countries, and plans to integrate with tax agencies to simplify regulatory compliance, helping over 100 clients streamline operations across 15 countries. [Source]

Business & Markets

Crypto Boom: Elon Musk has reignited interest in cryptocurrencies with fresh comments on digital assets, coinciding with Bitcoin's meteoric rise past $90,000 and the crypto market surging back above $3 trillion. As Trump’s election victory hints at crypto-friendly policies, Musk’s endorsement of Dogecoin’s inflationary model and speculation around BlackRock’s deeper Bitcoin involvement fuel excitement, signaling a potential seismic shift in the future of digital currencies and financial regulation. [Source]

Stock Market Concerns: Rob Arnott, known for early market calls, warns the current rally feels eerily similar to the dot-com bubble, with high valuations signaling a potential bear market within two years. While AI-driven optimism and Trump’s business-friendly policies have fueled a 66% S&P 500 surge, Arnott believes inflated expectations, soaring P/E ratios, and rising competition could set the stage for a significant pullback, echoing past bubbles like 2000. [Source]

The S&P 500: The S&P 500 and Nasdaq rebounded Monday, gaining 0.4% and 0.6%, respectively, after last week’s sharp sell-off that marked their worst performance since September. Tesla surged 5.6% on optimism over a federal framework for self-driving vehicles under the Trump administration, while Bitcoin hovered near record highs at $91,500 and Nvidia faced a dip ahead of its earnings report amid overheating concerns for its new Blackwell chips. [Source]