Watch the Pokémon Presents stream at 9AM ET for updates on ‘Pokémon Scarlet,’ ‘Violet’ and more

The latest Pokémon Presents is livestreaming at 9AM ET today, promising updates on Pokémon apps and games “including Pokémon Scarlet and Pokémon Violet,” The Pokémon Company said. It didn’t add more details, but the last Pokémon Presents revealed the Scarlet and Violet release windows, among other news. 

The company also showed off some visuals from the game at the last Pokémon Presents, including a pastoral countryside and urban landscapes, as well as the three new starters Sprigatito, Fuecoco and Quaxly. It also announced a new “Daybreak” update for Pokémon Legends: Arceus.

We now know that Pokémon Scarlet and Violet are coming to Switch on November 18th. A subsequent reveal in June showed two new professors and clues about the game’s open world. In addition, a series of rough screenshots may have shown new battle mechanics and evolutions, as well as clues about the total number of Pokémon. Hopefully, all will be revealed when the trailer drops today at 9AM ET.  

The Morning After: Uber receipts are crashing Microsoft Outlook

Microsoft has flagged a formatting bug that freezes Outlook whenever you open emails with complex tables, including, er, Uber receipts. The glitch is so powerful it even crashes Word, too. The problem was first noted in a standard release of Outlook, b…

Nintendo’s Switch sales drop as it contends with chip shortage

Nintendo’s Switch sales fell significantly last quarter, dropping to 3.43 million units compared to 4.45 million during the same period last year, according to its earnings report. Software sales also fell to 41.4 million units compared to 45.3 million year over year. All that that resulted in an operating profit of 101.6 billion yen ($763 million), down from last year and short of what was expected. 

The company chalked up the Switch sales issue to a parts shortage, the same thing that bedeviled Sony during the same quarter. “Hardware production was impacted by factors such as the global shortage of semiconductor components, resulting in a decrease of hardware shipments,” the company said. It noted that the OLED model made up a large chunk of Switch sales with 1.52 million units sold, and the lower margins on that model dragged profit down a bit.

While game sales also dropped, Nintendo managed to boost the overall percentage of first-party games sold. In fact, it was the second best first quarter for first-party game sell-through since the Switch launched — second only to Q1 2021, which was fueled by Animal Crossing: New Horizons. All told, however, Nintendo would have to call the quarter a success considering that game buyers spent 13 percent less this year compared to 2021, according to Bloomberg

Some of that was aided by the launch of three key games, the company pointed out, particularly Nintendo Switch Sports which arrived on April 29th. Mario Strikers: Battles League launched on June 10th, while Fire Emblem Warriors arrived on June 24th. “More than 100 million users played Nintendo Switch in the latest 12-month period,” the company added. 

Nintendo is hoping that upcoming games will help out next quarter. Xenoblade Chronicles 3 just launched, Mario Kart 8 Deluxe – Booster Course Pass: Wave 2 arrives on August 4th, Splatoon 3 will be released on September 9th and you’ll see Kirby’s Dream Buffet sometime this summer. The company is also launching an OLED Switch Splatoon 3 Edition on August 26th. 

Uber tests train and bus bookings in the UK

As it promised earlier this year, Uber is testing bus and train travel options in the UK via a partnership with Berlin-based travel platform Omio, TechCrunch has reported. “We’re excited to launch our new travel offering this summer, allowing a seamless door-to-door travel experience across the UK,” Uber UK general manager Andrew Brem said in a statement. 

Omio covers over 1,000 transportation providers in 37 countries. It has its own travel app for consumers, but has also been developing a business-to-business API that allows partners to access its ground transport network. The company also offers air and ferry travel on its consumer app and website, but its primary focus is on train and bus/coach travel.

The company has already partnered with UK’s LNER, travel site Kayak and others, but Uber is its biggest partner so far. “Uber is the first partner that is both at this scale but also the first that gets access to our full ticketing API so you actually are, as a customer, able to do everything within the Uber app,” Omio CEO and founder Narem Shaam told TechCrunch.

With access to Omio’s API, Uber will be able to offer international train travel to UK users right away. Trips booked via Uber’s app will generate a commission for Omio, which it will share with Uber via an undisclosed split. Uber is also paying Omio to license its technology. 

Omio believes that its app has a “high overlap” with Uber users, and is hoping the deal will increase its UK market penetration. Ground transport functionality will be added in phases with a basic feature set launching today and building out over the coming months. 

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New York regulators slap Robinhood’s crypto business with $30 million fine

In the latest in what seems to be a string of challenges the company has to grapple with, Robinhood’s crypto division has been slapped with a $30 million fine by the New York State Department of Financial Services. It’s the first crypto-focused enforcement action by the regulator, which has issued the multimillion dollar penalty against Robinhood for what it says are violations against the state’s anti-money laundering and cybersecurity regulations. In its announcement, the Financial Services Department said it found significant deficiencies in the company’s compliance programs following a supervisory examination.

Apparently, there weren’t enough people working in Robinhood’s money laundering compliance program. The company also failed to transition from a manual monitoring system, which is no longer sufficient now that it’s much larger than when it started. In addition, the department found that policies within Robinhood’s cybersecurity program aren’t in full compliance with official cybersecurity and virtual currency regulations. 

The New York regulator also mentioned that Robinhood improperly certified compliance with the Department’s Transaction Monitoring Regulation and Cybersecurity Regulation. Since it wasn’t fully compliant with the state’s cybersecurity rules, Robinhood violated the law by claiming compliance. Finally, the regulator said Robinhood failed to adhere to consumer protection requirements by not maintaining a separate phone number (and displaying it on its website) specifically for consumer complaints. 

Superintendent of Financial Services, Adrienne A. Harris, said in a statement:

“As its business grew, Robinhood Crypto failed to invest the proper resources and attention to develop and maintain a culture of compliance—a failure that resulted in significant violations of the Department’s anti-money laundering and cybersecurity regulations. All virtual currency companies licensed in New York State are subject to the same anti-money laundering, consumer protection, and cybersecurity regulations as traditional financial services companies. DFS will continue to investigate and take action when any licensee violates the law or the Department’s regulations, which are critical to protecting consumers and ensuring the safety and soundness of the institutions.”

Aside from having to pay $30 million, Robinhood must retain an independent consultant who will evaluate if it has taken the appropriate actions to address its violations and deficiencies under the settlement.

Robinhood also recently announced that it’s laying off 23 percent of its workforce due to record inflation and the cryptocurrency crash. It’s the company’s second round of job cuts this year and will affect employees across divisions. That revelation came after Robinhood published its earnings for the second quarter of 2022, wherein it posted a net loss of $295 million and announced a decrease of 1.9 million in monthly active users.