Tencent Becomes ‘Substantial’ Investor In Afterpay
Tencent Becomes ‘Substantial’ Investor In Afterpay
May 01, 2020  |  Fintech Investments

Tencent Holdings Limited has become a “substantial shareholder” of Afterpay, according to an announcement from the company. The Chinese technology firm purchased a 5 percent...

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Wells Fargo Freezes New HELOCs As Mortgage Market Sputters
Wells Fargo Freezes New HELOCs As Mortgage Market Sputters
May 01, 2020  |  Loans

One of the nation’s biggest names in mortgage lending has put the brakes on home equity lines of credit (HELOC) as the economic turmoil caused...

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House Judiciary Committee Seeks Testimony Of Amazon CEO Jeff Bezo On Merchant Practices
House Judiciary Committee Seeks Testimony Of Amazon CEO Jeff Bezo On Merchant Practices
May 01, 2020  |  Amazon

After a report surfaced that Amazon staffers utilized information regarding independent sellers to create rival items, House Judiciary Committee legislators requested that Chairman and CEO...

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J.Crew Joins The Pandemic Bankruptcy Perp Walk
J.Crew Joins The Pandemic Bankruptcy Perp Walk
May 01, 2020  |  Retail

The great retail re-opening is now being called the “great resettling” by many observers and J.Crew is its latest victim. According to several sources the...

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Nonprofit Supports Community Entrepreneurs Amid Pandemic
Nonprofit Supports Community Entrepreneurs Amid Pandemic
May 01, 2020  |  Retail

It’s understandably an anxious time for Main Street businesses, even as downtowns prepare to reopen. But what about the entrepreneurs who are still hanging onto...

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UK Eateries Want Deliveroo To Reduce Commissions
UK Eateries Want Deliveroo To Reduce Commissions
May 01, 2020  |  Retail

While they try to stay on an even keel amid COVID-19, eatery owners throughout Britain are looking for Deliveroo to reduce the commissions on each...

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OYO Names Former Starbucks Executive To Board
OYO Names Former Starbucks Executive To Board
May 01, 2020  |  Retail

OYO Hotels & Homes has named Troy Alstead, who previously served as Starbucks’ COO, as an independent member of its board of directors. The executive...

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eBay’s Core Business And Charitable Efforts Amid The Coronavirus 
eBay’s Core Business And Charitable Efforts Amid The Coronavirus 
May 01, 2020  |  Today In Data

eBay’s Q1 earnings results detailed a series of crosscurrents in different businesses, which added up to some modest gains. Its core business was down in the U.S.,...

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Next-Gen Debit Steps Up
Next-Gen Debit Steps Up
May 01, 2020  |  Next-Gen Debit

Among the fascinating findings in PYMNTS’ ongoing surveys of Main Street SMBs during the pandemic is this: A majority of small businesses that did not...

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