The U.S. Senate approved President Joe Biden’s $1.9 trillion COVID-19 relief package early Friday (Feb. 5), The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The Florida Department of Economic Opportunity (DEO) suspects that a recent spike in unemployment assistance claims in the state may be due to an uptick in fraudulent filings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
In today’s top news, Walmart pushes deeper into the advertising business, and Peloton hit its first $1 billion quarter. Plus, Instacart is offering same-day delivery from over 6,000 Family Dollar stores. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
In today’s top retail news, PriceSmart, Inc. announced a 5.2 percent rise in net merchandise sales between January 2020 and January 2021, while Walmart is acquiring the technology and assets behind Thunder. Plus, Costco reported its January sales data and stimulus checks have shored up...
Clover Health said Friday (Feb. 5) it would cooperate with the Securities and Exchange Commission (SEC) on an investigation prompted by a scathing report on Clover Health’s actions as it went public last month, CNBC reported. Get the Full Story Complete the form to unlock...
Luckin Coffee, which saw two of its top executives fired last year for mismanagement, said it has filed for Chapter 15 bankruptcy protection in the U.S. so it can move forward with its restructuring efforts. Get the Full Story Complete the form to unlock this...
Shares of GameStop and other stocks rose after Robinhood removed trading restrictions on Friday (Feb. 5), Reuters reported. GameStop escalated 8.4 percent in U.S. pre-market trading. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Lockdowns create fairly optimal conditions for social media platforms from a user engagement point of view, as consumers who can’t go out to see their friends and family are far more likely to log on to do so. Pinterest estimates that it picked up an...
Didi Chuxing, China’s ridesharing giant, is pondering a move to raise $4 billion to meet the surging demand for group-buying delivery services, Bloomberg reported on Friday (Feb. 5), citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
