In today’s top retail news, former Macy’s CEO Terry Lundgren said he anticipates more store closings next year, while about half of Americans intend to travel for the December holidays amid the pandemic. Plus, the auto vertical keeps firing on all cylinders even with the...
Investors have spent over $1 billion this year on buying up successful small businesses to try and create new digital conglomerates, according to the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
U.K.-based Liberis has notched £70 million (approximately $93.5 million) in financing from BCI Europe, Paragon Bank and British Business Investments in addition to financing and venture debt from Silicon Valley Bank (SVB), according to a Tuesday (Dec. 22) press release. Get the Full Story Complete...
Peloton, the leading maker of connected fitness products, has moved to resolve its manufacturing and order backlog problem by acquiring Finland’s Precor for $420 million. Investors applauded the announcement to increase capacity, and drove Peloton’s stock to an all-time high, while marking a 400 percent...
The almost $900 billion U.S. pandemic aid package ratified by lawmakers Monday (Dec. 21) following months of debate will assist financial institutions by relaxing an important small-business lending initiative’s regulations, providing deferred loan payment accounting relief, and bolstering the financial position of borrowers, Reuters reported....
In today’s top payments news around the world, PayPal’s Xoom has linked with NPIL’s/NPCI’s Unified Payments Interface (UPI) to offer inter-bank transactions in India, while IBM is acquiring cloud implementation company Nordcloud. Plus, Italian shoppers are embracing a new cash-back initiative for credit card payments....
In today’s top news, Ripple said it faces a lawsuit from the SEC over the sale of unlicensed securities and Peloton has acquired fitness equipment provider Precor. Plus, a survey from the Federal Reserve Bank of New York found that the consumer credit market took...
Health insurance platform Oscar is disclosing that it has confidentially filed for an initial public offering, becoming the latest InsurTech to look at going public following Lemonade’s hugely successful IPO in July. Get the Full Story Complete the form to unlock this article and enjoy...
Robinhood CEO Vlad Tenev told CNBC on Monday (Dec. 21) that his company is focusing on compliance in the wake of a settlement with the U.S. Securities and Exchange Commission (SEC) over allegations that it misled investors. Get the Full Story Complete the form to...
