Small Businesses Divided on How to Handle Recession

Small Businesses Divided on How to Handle Recession
Small Businesses Divided on How to Handle Recession
December 22, 2022  |  SMBs

Main Street small businesses have been preparing for this inflationary cycle to turn to recession. Yet, additional pressure from labor costs and online competition have...

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Instacart Uses SNAP Delivery Discount to Woo Lower-Income Shoppers
Instacart Uses SNAP Delivery Discount to Woo Lower-Income Shoppers
December 22, 2022  |  Retail

This week in grocery, Instacart unveils a SNAP grocery delivery deal and self-service technology expands. In a bid to shake the association of grocery delivery...

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SEC to Crypto Investors: Be Wary of ‘Proof of Reserves’
SEC to Crypto Investors: Be Wary of ‘Proof of Reserves’
December 22, 2022  |  Cryptocurrency

Crypto investors might not be getting a complete picture from cryptocurrency company audits. That’s according to the Securities and Exchange Commission (SEC), which is especially...

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CarMax Stock Skids in Q3 as Used Car Sales Sputter
CarMax Stock Skids in Q3 as Used Car Sales Sputter
December 22, 2022  |  Retail

An 86% drop in profits and 22% slump in used car sales saw CarMax stock slump sharply in early trading. This, as the nation’s largest...

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Amazon Cautioned by European Court of Justice in Louboutin Case
Amazon Cautioned by European Court of Justice in Louboutin Case
December 22, 2022  |  Retail

The European Court of Justice has sided with luxury brand Louboutin in a lawsuit against Amazon. Reached for comment Thursday morning (Dec. 22), an Amazon...

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New Under Armour CEO Brings Hotel Background to Apparel Turnaround
New Under Armour CEO Brings Hotel Background to Apparel Turnaround
December 22, 2022  |  Retail

Under Armour has named Marriott International President Stephanie Linnartz president, CEO and a board member. Linnartz will join the athletic apparel brand on Feb. 27,...

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Report: Recession Worries Lead Firms to Turn to Contract Employees
Report: Recession Worries Lead Firms to Turn to Contract Employees
December 22, 2022  |  Gig Economy

More and more American businesses are hiring temporary contract employees as recession fears increase. Companies posted 26% more openings for contract workers between May and...

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Metro Credit Union on Helping Consumers Weather a Tough Economy
Metro Credit Union on Helping Consumers Weather a Tough Economy
December 22, 2022  |  Credit Unions

Robert Cashman, president and CEO at Metro Credit Union, tells PYMNTS how credit unions (CUs) can be a port in a storm for members hurting...

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CFTC Charges Alameda’s Caroline Ellison in FTX Fraud
CFTC Charges Alameda’s Caroline Ellison in FTX Fraud
December 22, 2022  |  Cryptocurrency

Alameda Research’s Caroline Ellison is facing more charges for her role in the FTX collapse. The U.S. Commodity Futures Trading Commission (CFTC) said Wednesday (Dec....

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