FTC Files Lawsuit Against Burgerim Franchise Over False Business Claims
FTC Files Lawsuit Against Burgerim Franchise Over False Business Claims
February 08, 2022  |  Legal

The Federal Trade Commission (FTC) has filed a lawsuit against hamburger franchise Burgerim, saying it falsely represented itself to those who wanted to own a...

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Meta Files Lawsuit Over Financial Services Phishing Scam
Meta Files Lawsuit Over Financial Services Phishing Scam
February 08, 2022  |  Meta

Meta has teamed with a financial services company to file a joint lawsuit against two Nigerian individuals for engaging in fraudulent activity, according to a...

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US Household Debt Increased $333B in Q4 of 2021
US Household Debt Increased $333B in Q4 of 2021
February 08, 2022  |  Debt

Total U.S. household debt increased 2.2%, or $333 billion, to $15.58 trillion in the fourth quarter of 2021, according to a Tuesday (Feb. 8) press...

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Today in Food Commerce: Consumers Report Loyalty to eGrocers; Chipotle Enjoys Order-Ahead Strength
Today in Food Commerce: Consumers Report Loyalty to eGrocers; Chipotle Enjoys Order-Ahead Strength
February 08, 2022  |  Retail

Today in food commerce, PYMNTS research reveals that today’s grocery shoppers are more loyal to digital merchants than to brick-and-mortar, and Chipotle Mexican Grill continues...

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House Committee Voices Concerns Over Stablecoin’s Effect on Dollar
House Committee Voices Concerns Over Stablecoin’s Effect on Dollar
February 08, 2022  |  Cryptocurrency

Today’s stablecoin hearing in front of the House Financial Services Committee wasn’t about stablecoins, per se, but rather the administration’s recent report on how to...

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Digital Order-Ahead Accounted for About 20% of Chipotle’s Sales in Q4
Digital Order-Ahead Accounted for About 20% of Chipotle’s Sales in Q4
February 08, 2022  |  Earnings

For Chipotle Mexican Grill, 2021 was another year of major digital growth. The Newport Beach, California-based fast-casual chain, which has nearly 3,000 locations across five...

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Velodyne Lidar Shares Rise After Amazon Investment
Velodyne Lidar Shares Rise After Amazon Investment
February 08, 2022  |  Investments

Velodyne Lidar’s stock surged over 50% in extended-hours trading after the company reported that Amazon had made an investment, The Wall Street Journal reported Monday...

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Cars.com to Snap Up Accu-Trade to Enter Digital Wholesale Sector
Cars.com to Snap Up Accu-Trade to Enter Digital Wholesale Sector
February 08, 2022  |  Acquisitions

Automotive marketplace platform Cars.com is finalizing a deal to acquire 100% of the assets of Accu-Trade for $65 million in cash at closing, with the...

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Sber, na_pokje Roll out B2B Installment Payments
Sber, na_pokje Roll out B2B Installment Payments
February 08, 2022  |  B2B Payments

Russia state-owned bank Sber and wholesale marketplace na_polke have debuted Business Purchase in Installments for wholesale buyers, according to a Tuesday (Feb. 8) press release....

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