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Hulu hires Google marketing veteran Kelly Campbell as CMO

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Transcription not available for The Tokyo Olympics begin, Moderna vaccine approved for younger Europeans.

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Sarah Tew/CNET

Digital payments company Square is now offering checking and savings accounts for small-business customers. On Tuesday, the company unveiled Square Banking, a set of tools for collecting payments, managing banking and viewing cash flow all at once.

“When you take payments and bank through Square, everything is connected. Watch your sales flow directly into Square banking, so accessing and moving your money is fast, easy — and can even be automated,” Square said in a press release.

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Square Banking is the latest expansion by the payments company run by Jack Dorsey, who’s also CEO of Twitter. Last week, Dorsey said Square will create a new business focused on the Bitcoin cryptocurrency, to help developers design decentralized financial products.

The new checking and savings accounts join the company’s lending option, now called Square Loans, as well as the Square debit card, which the company launched in 2019 for business customers. 

The new accounts will let businesses access money they bring in through Square payments, without first having to transfer it to a separate bank account. Square said the new banking accounts don’t have a minimum balance and that there aren’t monthly account fees. 

Square’s checking accounts will be provided by Sutton Bank, which also issues the Square debit card. Square said funds are FDIC-insured.

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Angela Lang/CNET

With employees expected to start returning to the office in September, Apple is reportedly clamping down even future on remote work. Some Apple employees are saying it’s even harder to get remote work approved now that the company is moving forward with its hybrid plan, according to a report Thursday from The Verge

Apple’s corporate culture is well known throughout Silicon Valley as secretive, often requiring employees to be on site. However, there were some exceptions to this and some teams were more lenient about remote work, according to The Verge. But now, some of these previous exceptions are reportedly being denied. 

In June, Apple told employees it expects them to be in the office at least three days a week. Employees reportedly pushed back on this plan, asking CEO Tim Cook for more flexibility. Apple reportedly dismissed the request and told employees that “in-person collaboration is essential to our culture and our future.”

Some Apple employees have said they plan to quit due to the hybrid work policy, reported The Verge, citing messages in a company Slack channel. 

Apple isn’t the only tech company grappling with plans to return to the office following the COVID-19 pandemic. Google, which similarly is asking most employees to be in office three days a week, has frustrated employees with what they say are inflexible and opaque remote work policies. Last month, Facebook extended remote work options to all of its employee, and Twitter has said all employees will have the option to work from home permanently. 

Apple didn’t immediately respond to a request for comment. 

Stay up-to-date on the latest news, reviews and advice on iPhones, iPads, Macs, services and software.

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