News

Retail
GameStop’s Losses Widen as it Moves to eCommerce Retail
December 08, 2021

Seeing losses in the fiscal Q3, GameStop also saw its shares fall by 4%, CNBC reported Wednesday (Dec. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Retail
Fashion Platform Rent the Runway Reports Widening Net Loss as Consumers Slow to Return
December 08, 2021

Fashion rental platform Rent the Runway saw its shares falling over 13% as it posted broader third-quarter losses, CNBC reported Wednesday (Dec. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Bitcoin
Bitcoin Daily: Gibraltar to Test Blockchain to Deliver Public Services; Blockchain Analytics Platform Whalemap Nets...
December 08, 2021

The government of the British Overseas Territory Gibraltar will be using blockchain to help with delivering public services, per a press release Tuesday (Dec. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

IPO
OpenSea Only Thinking of IPO That May Include NFT Community, CFO Says
December 08, 2021

Newly hired OpenSea CFO Brian Roberts has clarified that the company isn’t necessarily going public yet, but is looking at “what an IPO will look like,” a Crypto Economy report said Wednesday (Dec. 8). Get the Full Story Complete the form to unlock this article...

International
UK AgTech Firms Use AI, New Technology to Reduce Labor Costs, Improve Food Production
December 08, 2021

More and more machines and innovative software are being used to digitize labor-intensive farming practices and optimize food production, boosting growth in agricultural technology (AgTech). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
French Super App Lydia Raises $100M, Valued at $1B
December 08, 2021

The French mobile financial services platform Lydia has raised $100 million in a Series C round, funding that values the company at north of $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Digital Banking
Chase Bank Expands Overdraft Protection Options
December 08, 2021

Chase Bank is adding more options for customers to avoid overdraft fees in 2022, per a Wednesday (Dec. 8) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Today in Retail: Stitch Fix Pivots to Direct Purchases; Wayfair Bets Stores Can Support Flagging...
December 08, 2021

In today’s top retail news, Stitch Fix is focusing on its new Freestyle direct purchase feature to make up for its suffering subscription business, while supply chain issues are causing more headaches for production of new Apple products. Also, Wayfair is planning to open three...

Banking
Embedded Finance Will Reach a $7T Value Globally in the Next 10 Years
December 08, 2021

As firms, their customers and their financial partners race to keep up with the growing appetite for emerging digital tools, one concept that promises to shape the future of payments is embedded finance. Get the Full Story Complete the form to unlock this article and enjoy...