Features enhancing reliability, tools for restaurants and expanded financial access are on Square’s product roadmap. The business technology platform highlighted these upcoming offerings in a Monday (Aug. 25) article announcing that it has made its product roadmap public. Willem Avé, global head of product at Square, wrote...
Fashion rental company Rent the Runway has announced a recapitalization plan that will convert $243 million of its debt into common equity in the company, add $20 million to its balance sheet and extend the maturity of its outstanding debt balance of $120 million to 2029. ...
For a certain kind of business, uncertainty isn’t an abstraction. For these businesses, including the mid-sized manufacturer, the regional supplier, the scaled consumer goods firm, uncertainty is a daily operating condition. And that condition has consequences. Data from PYMNTS Intelligence’s June 2025 edition of The...
Chase is working with the Independent Restaurant Coalition (IRC) to provide support for American restaurateurs. The partnership, announced Wednesday (July 30), includes $4 million in grants to be awarded to independent restaurants and bars around the country this year. This includes $1 million for independent...
Watch more: Stax Turns People Power Into Competitive Advantage as Margins Tighten In payments, innovation is both currency and challenge, and distinguishing oneself from the ever-growing crowd of FinTech disruptors and established giants has become more difficult than ever. As economic headwinds continue to reshape...
S&P Global Ratings has downgraded its issuer credit rating on Saks Global Enterprises from “CCC+” to “CC,” saying the luxury retailer’s proposed $600 million financing transaction that was announced June 27 is “tantamount to a default.” The financing package includes a debt exchange and a re-tiering...
Biotechnology research firm Thermo Fisher Scientific is reportedly looking to sell part of its diagnostics business amid industrywide concerns about federal cutbacks in spending on research. The company’s advisers have been talking with private equity firms to assess potential buyers’ interest in the unit, seeking around $4 billion,...
Databricks reportedly projects that its data warehousing business will almost double in size this year. The company is also introducing a new database product that it hopes will enjoy a similar growth trajectory, Bloomberg News reported Wednesday (June 11). A company spokesperson told the news...
Business executives don’t feel they can pass the full cost of tariffs along to customers, as they did in 2018, according to researchers at the Federal Reserve Bank of Atlanta. While businesses passed along almost the entire cost of tariffs to their customers in 2018,...