Didi Chuxing, the Chinese ride-hailing startup, ByteDance, the mobile app maker in China, and other Chinese tech firms are reining in perks such as free snacks and gym memberships, slashing bonuses and laying off workers amid a slowdown in the economy. Get the Full Story...
As we learned last week, purchase financing for Walmart customers is changing. In fact, the change has already begun and will continue to roll out over the next several weeks. Going forward on both Walmart’s website and at nearly all of Walmart’s physical locations nationwide, customers will be...
Ride-hailing company Lyft made its initial public offering (IPO) papers public on Friday (March 1) to kick off what is expected to be a busy year for IPOs. According to The Wall Street Journal (WSJ), the papers revealed that the company earned $2.16 billion in 2018,...
Shopping on a traditional, narrowly focused eCommerce site is one thing. Consumers are dealing with a single merchant, and the working assumption is that the retailer is vetting suppliers and products, and has invested the time and money to provide a secure environment in which...
The world’s first cannabis exchange traded fund (ETF) has returned more than 50 percent so far this year, growing to $1.3 billion in assets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Ahead of the U.K.’s potential departure from the European Union, the bloc’s banking watchdog is imploring member states to protect the deposits of customers. While national deposit schemes cover bank deposits up to 100,000 euros, that protection does not cover branches of banks from not in...
Ola Electric Mobility, which is backed by Indian ride-hailing company Ola, announced that it has raised 4 billion rupees ($56.4 million) in its first funding round. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
All Deborah Copaken really wanted was a warm coat. 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 to our daily newsletter, PYMNTS Today. By completing this form,...
Wells Fargo has reached a $240 million settlement with U.S. shareholders over the scandal involving its bank employees opening up millions of unauthorized customer accounts. According to Reuters, the settlement by the bank’s executives and directors was filed on Thursday (Feb. 28) with the federal court...
