An anonymous reader quotes a report from CBC: A consumer organization filed a complaint with the European Commission on Thursday against online fast-fashion retailer Shein over its use of "dark patterns," which are tactics designed to make people buy more on its app and website. Pop-ups urging customers not to leave the app or risk losing promotions, countdown timers that create time pressure to complete a purchase and the infinite scroll on its app are among the methods Shein uses that could be considered "aggressive commercial practices," wrote BEUC, a pan-European consumer group, in a report. The BEUC also detailed Shein's use of frequent notifications, with one phone receiving 12 notifications from the app in a single day. "For fast fashion you need to have volume, you need to have mass consumption, and these dark patterns are designed to stimulate mass consumption," said Agustin Reyna, director general of BEUC, in an interview. "For us, to be satisfactory they need to get rid of these dark patterns, but the question is whether they will have enough incentive to do so, knowing the potential impact it can have on the volume of purchases." [...] The BEUC also targeted the online discount platform Temu, a Shein rival, in a previous complaint. Both platforms have surged in popularity in Europe, partly helped by apps that encourage shoppers to engage with games and stand to win discounts and free products. [...] The BEUC noted that dark patterns are widely used by mass-market clothing retailers and called on the consumer protection network to include other retailers in its investigation. It said 25 of its member organizations in 21 countries, including France, Germany and Spain, joined in the grievance filed with the commission and with the European consumer protection network. Temu and Shein have their own issues in the United States. Following the recent closure of the de minimis loophole, use of the two Chinese platforms have slowed significantly. "Temu's U.S. daily active users (DAUs) dropped 52% in May versus March, before Trump's tariffs were announced, while those at rival Shein were down 25%," reports CNBC, citing data from market intelligence firm Sensor Tower. "The declines were also reflected in both platforms' Apple App Store rankings. Temu averaged a rank of 132 in May 2025, down from an average top 3 ranking a year ago, while Shein averaged a rank of 60 last month versus a top 10 ranking the year prior, the data showed."

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"One of the few major independent science-surplus/DIY outlets left is American Science & Surplus," writes longtime Slashdot reader Tyler Too. "They've recently launched a GoFundMe campaign to ensure their survival." Ars Technica reports: Now, nearly 90 years after its launch selling "reject lenses" as American Lens & Photo, American Science & Surplus is facing an existential threat. The COVID-19 pandemic and increased costs hit the business hard, so the store has launched a GoFundMe campaign looking to raise $200,000 from customers and fans alike. What's happening in suburban Chicago is a microcosm of the challenges facing local retail, with big-box retailers and online behemoths overwhelming beloved local institutions. It's a story that has played out countless times in the last two-plus decades, and owner Pat Meyer is hoping this tale has a different ending. Ars reports on American Science & Surplus' long history, noting that it was founded in 1937 and has grown from a modest surplus shop into a beloved, quirky institution for makers, science enthusiasts, and curiosity seekers. Over the decades, it evolved far beyond its original niche of lenses and lab equipment. As Meyer, a 41-year veteran of the company, put it: "I've done everything in the company that there is to do... it's been my life for 41 years." Once known for its robust telescope section and deep inventory of scientific odds and ends, the store has adapted to shifting consumer habits -- some changes bittersweet. True to its DIY spirit, American Science & Surplus is described as a "physical manifestation of the maker ethos," stocked with everything from motors to military gas masks to mule-branding kits. It also carries a rare sense of humor, with quirky signage like a warning that a "Deluxe Walking Cane" is "not the edible kind of cane." Today, American Science & Surplus faces modern challenges like relocating a costly warehouse and overhauling outdated software and web infrastructure. But Meyer is optimistic, noting that contributions to their GoFundMe campaign represent more than financial help: "It's about supporting local retail during a very challenging time. Who wants to buy everything at Amazon, Walmart, Temu, and Target?"

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Kraken is launching tokenized versions of U.S. equities for 24/7 trading outside the U.S., giving global investors blockchain-based access to major companies like Apple and Tesla. Reuters reports: Tokenization refers to the process of issuing digital representations of publicly-traded securities. Instead of holding the securities directly, investors hold tokens that represent ownership of the securities. The tokens' launch outside the U.S. comes amid growing interest in blending traditional finance with blockchain infrastructure. While tokenized securities have yet to gain widespread adoption, proponents say they hold the potential to significantly reshape how people access and invest in financial markets. In a January opinion piece for the Washington Post, Robinhood CEO Vlad Tenev said tokenization could also allow retail investors to access private companies' stocks. Kraken's tokens, called xStocks, will be available in select markets outside the United States, it said, without naming the markets. The move was earlier reported by the Wall Street Journal. The offering is currently not available for U.S. customers.

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An anonymous reader writes: The US Treasury is phasing out production of the penny and will stop putting new one-cent coins into circulation. The US Treasury has made its final order of penny blanks this month, and the mint will continue to manufacture pennies as long as its supply of penny blanks exist. President Donald Trump stated that production of pennies are wasteful, as the coins cost more to produce than their one-cent value.

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Ticketmaster will now show full ticket prices upfront -- fees included. "The company announced the 'All In Prices' initiative on Monday as part of its efforts to comply with the Federal Trade Commission's ban on junk fees, which goes into effect on May 12th," notes The Verge. From the report: Now, when you're shopping for tickets, Ticketmaster will display a ticket's full price, alongside a dropdown menu that you can select to see how much you're paying for the "Face Value" of a ticket and the service fee. You still won't see local taxes or delivery fees until checkout. Ticketmaster says it has made some improvements to its queue as well, by offering real-time updates about ticket availability and when wait times are expected to last more than 30 minutes. It also allows customers to see exactly how many people are ahead of them in the queue.

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joshuark shares a report from Axios: Bill Gates, once the richest man in the world, vowed to give away "virtually all" of his wealth through the Gates Foundation over the next two decades. Then, the foundation will close its doors on Dec. 31, 2045. [...] Gates wrote in a Thursday Gates Notes essay that the original plan was to sunset the foundation several decades after he and his then-wife died. Now, Gates believes that a "shorter timeline" is feasible. Gates pledged three "key aspirations" to guide the foundation's funding over the next two decades, which center on promoting child and maternal health and fighting infectious diseases and poverty. He emphasized that progress is not possible without government cooperation, as the U.S. and other nations slash their foreign aid budgets. "The reality is, we will not eradicate polio without funding from the United States," Gates wrote. It's unclear whether the world's richest countries will continue to stand up for its poorest people," Gates wrote. He added, "But the one thing we can guarantee is that, in all of our work, the Gates Foundation will support efforts to help people and countries pull themselves out of poverty."

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Wearable startup Whoop just announced its new Whoop 5.0 fitness tracker yesterday, but some existing users are already calling foul. From a report: Previously, Whoop said people who had been members for at least six months would get free upgrades to next-generation hardware. Now, the company says that members hoping to upgrade from a Whoop 4.0 to 5.0 will have to pay up. Whoop is a bit different from other fitness trackers in that it runs entirely on a subscription membership model. Most wearable makers that have subscriptions will charge you for the hardware, and then customers have the option of subscribing to get extra data or features. A good example is the Oura Ring, where you buy the ring and then have the option of paying a monthly $6 subscription. Whoop, however, has until now said that you get the hardware for "free" while paying a heftier annual subscription. Previously, Whoop promised users that whenever new hardware was released, existing members would be able to upgrade free of charge so long as they'd been a member for at least six months.

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Following a major court ruling limiting Apple's control over App Store payments, Patreon plans to update its iOS app to allow payments outside Apple's system, letting creators keep more of their earnings. Spotify and Proton are also preparing similar updates. The Verge reports: "This is a huge moment for creators and their businesses," [spokesperson Adiya Taylor] says. "The iOS app is the number one platform for fan engagement on Patreon, and we believe this ruling allows creators to get paid without giving Apple 30 percent. As a first step, we will submit an app update for review by Apple to enable payments outside of IAP so creators keep more from iOS based fan payments." Last year, Patreon said it was forced to switch to Apple's in-app purchase system, which applied a 30 percent fee to all new memberships purchased in the app, or else risk "being removed from the App Store." "When we first announced rolling out Apple's IAP requirements last year, we shared that we used three principles to guide our decision in how we wanted to move forward: transparency, control, and stability," Taylor says. "Keeping with those principles, we're exploring further action we can take, and we'll continue to keep creators and fans posted on any changes to our experience." Taylor wasn't able to share a timeline for when the update might be rolled out. Further reading: Epic Games Is Launching Webshops To Circumvent App Store Fees

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Mastercard is working with Microsoft and other leading AI companies to give AI agents the ability to shop online and make payments on behalf of consumers. From a report: Under the new program, a shopper could prompt an AI agent -- Microsoft's Copilot, for example -- to search for a pair of yellow running shoes in a particular size. The agent would then search and offer the customer options, and then be able to make the purchase while also recommending the best way to pay, Mastercard said in a statement Tuesday.

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An anonymous reader quotes a report from 404 Media: Here's an easy to understand example of how Donald Trump's tariffs on imported products have completely screwed small U.S. businesses and entrepreneurs: the crowdfunding site Kickstarter is introducing a "Tariff Manager tool" that will allow creators to add extra charges to projects that were already fully funded in order to deal with the higher and unexpected costs of the president's global trade war. "Over the past few weeks, we've been hard at work developing tariff-relevant resources to support our community. From guidance to help creators navigate rapidly changing policies, to tips on shipping logistics, and even information to help backers better understand the challenges creators are facing. Our focus has been supporting you through uncertain times, but we also know that information alone isn't always enough," Kickstarter said in a blog post published last week announcing the Tariff Manager tool. "Built specifically to address the financial challenges posed by U.S. import tariffs, Kickstarter's Tariff Manager is designed to give creators more control, flexibility, and transparency at one of the most critical phases of your journey: fulfillment." Kickstarter's Tariff Manager will allow some creators to apply per-item surcharges which will appear as a separate line item on the payment page for people who backed their project. "We understand that asking backers to pay an additional fee -- especially after a campaign has ended -- can be sensitive," Kickstarter said. "If a backer chooses not to pay the tariff cost during the pledge manager process, they'll need to reach out to you directly." Backers can pay the additional fee to get the item they had already backed in order to still get it when it's ready. If they decline, the creator can issue them a refund, or find "another resolution," the blog post says. "While this tool helps offset rising costs, we recognize that every project and backer relationship is unique," Kickstarter said. "Our goal is to provide you with the flexibility and transparency necessary to navigate those conversations with clarity and care." "Creators continue to launch, adapt, and find success on Kickstarter, even as the external landscape shifts," a Kickstarter spokesperson told 404 Media. "We know creators are navigating a lot right now, and we're focused on giving them the tools and support to adjust as needed. Our role at Kickstarter is to help creators bring their projects to life, and that includes supporting them through moments of uncertainty. That's why we're doubling down on tools that help creators stay flexible and responsive: from our Tariff Manager within our integrated pledge manager -- which we're rolling out to all of our creators soon -- to offering 24-hour support and expanding educational resources."

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Airbnb is rolling out a global update that displays the total cost of a stay upfront in search results. The only fee that won't be included are taxes. The Verge reports: The company first started showing the full price of its listings in some locations in 2019 after facing scrutiny from the European Union over how it displays its fees. It later launched a toggle in the US and hundreds of other countries that shows the total cost of a stay across Airbnb's search results, individual listings pages, and other areas of the platform. Airbnb says nearly 17 million people have used the toggle since its launch in 2022, and now, you won't have to worry about turning the option on when making a search. Instead, you'll now see a banner at the very top of your search results that says, "Prices include all fees."

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America's Justice Department "has shut down its unit that investigates cryptocurrency fraud," reports USA Today. A Monday night memo from U.S. Deputy Attorney General Todd Blanche said the shut down was "effective immediately." Blanche directed the closure of the National Cryptocurrency Enforcement Team and ordered prosecutors to pivot to investigating transnational criminal organizations and terrorist groups that use crypto to engage in illicit transactions... In his four-page memo, Blanche said the new order was meant to bring the Justice Department in line with Trump's own Executive Order 14178, which decreed that clarity and certainty regarding enforcement policy "are essential to supporting a vibrant and inclusive digital economy and innovation in digital assets." Blanche, one of several Trump criminal defense lawyers at the top ranks of DOJ, said the president "has also made clear that '[w]e are going to end the regulatory weaponization against digital assets'..." Consistent with that narrowing of its cryptocurrency enforcement policy, the DOJ Market Integrity and Major Frauds Unit will also cease cryptocurrency enforcement to focus on other administration priorities, including immigration and procurement fraud, Blanche said. The Washington Post got this assessment from Yesha Yadav, a Vanderbilt University law professor who closely follows cryptocurrency and financial markets. "It's hard to underestimate the importance this task force has had ... in pursuing some really huge crypto hacks and cases." More from USA Today: Public corruption and transnational crime experts warned that shutting down the unit could divert critical resources from efforts to stop criminals and corrupt regimes from using cryptocurrency for illicit gain, even as Trump claims he wants to crack down on them. "Dangerous US adversaries rely on cryptocurrencies to launder money and evade sanctions," said Nate Sibley, an anti-corruption expert and director of the Kleptocracy Initiative at the conservative Hudson Institute think tank in Washington, D.C., in a post on X. "If this is accurate, hard to see how it squares with — for example-cracking down on cartel finances or maximum pressure sanctions on Iran...." Trump's so-called "memecoin" surged from less than $10 on the Saturday before his inauguration to as high as $74.59 before eventually giving up some of its gains. The token, branded $TRUMP, has been criticized by ethics experts as a conflict of interest for the president since the company could likely benefit from his pro-crypto policies... Last month, Trump signed an order to create a federal Strategic Bitcoin Reserve, signaling new federal support for cryptocurrency in general and Bitcoin in particular. Since the first-ever White House crypto summit in March, America's Securities and Exchange Commission "has dropped more than a dozen cases against crypto firms," notes the Washington Post: Last month, both the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency pledged to stop evaluating banks based on "reputational risk" — a practice that some venture capitalists have claimed unfairly "de-banked" founders of cryptocurrency start-ups. In other news, executives from cryptocurrency exchange Binance "met with Treasury Department officials last month," reports the Wall Street Journal, asking them to remove a U.S. monitor overseeing their compliance with anti-money-laundering laws, according to people familiar with the talks. The article adds that Binance is also concurrently "exploring" a deal with the Trump family to list its new dollar-pegged stablecoin which "could catapult it into a huge market and potentially bring in billions in profit for the family. "

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