Japanese multinational conglomerate SoftBank Group posted a record-breaking $18 billion operating loss right after Alibaba co-founder Jack Ma announced he was stepping down from the board, according to a company announcement on Monday morning (May 18). Get the Full Story Complete the form to unlock...
Uber’s Sunday (May 17) acquisition offer of 1.9 of its shares for each Grubhub share is not enough to close a deal, but discussions are still ongoing, according to a Wall Street Journal (WSJ) report citing sources familiar with the talks. Get the Full Story...
The coronavirus has made it likely that this summer will look very different from summers past, and rising sales of outdoor furniture and pool, grill and gardening equipment signify that. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Many firms have been navigating a lot of change of late given the small matter of the international health crisis, but even by recent standards, Green Dot stands out. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The New York-based private equity firm General Atlantic closed an $870 million deal for a 1.3 percent stake in Jio Platforms, the digital subsidiary of Reliance Industries in India. The deal puts Jio’s valuation at $65 billion, according to a report in The Financial Times (FT)...
Payments technology firm Shift4 Payments, headquartered in Allentown, Pennsylvania, filed for an initial public offering (IPO), according to a Securities and Exchanges Commission filing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
U.S. banks could be at risk for massive losses as the pandemic strains their resources, the Federal Reserve warned in its semi-annual report on financial stability. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
A Nigerian fraud ring is suspected by the U.S. Secret Service of siphoning hundreds of millions of dollars in unemployment payments from numerous state programs processing record numbers of jobless claims amid the global coronavirus pandemic. Get the Full Story Complete the form to unlock...
Venture capital (VC) firm FINTOP Capital closed FINTOP Fund II with $126 million, surpassing the company’s goal of $100 million, FINTOP said in a statement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
