Though critics are saying Venezuela’s monetary overhaul will create chaos, the country’s president warned businesses not to slow operations during next week’s overhaul. According to Reuters, “Socialist President Nicolás Maduro announced in March that the bolivar currency would be redenominated on June 4” in an...
Howard Marks, Founder of Oaktree Capital, warned that private equity (PE) firms are reducing their standards in terms of what they will invest in, and paying high prices that could impact returns for investors. Get the Full Story Complete the form to unlock this article...
Variable annuities (VAs), a widely criticized retirement savings product, is coming back thanks to President Donald Trump and his administration, which is gearing up to get rid of tough rules put in place by the Obama Administration. Get the Full Story Complete the form to unlock this...
Payments via Facebook‘s WhatsApp are on the very brink of launching, according to recent reports. As early as next week, pay via WhatsApp might be up and ready to go for the whole of India, potentially putting the service in the hands of up to...
Moving companies traditionally charge consumers a fixed fee for a move along with other costs: As a result, an already stressful process becomes more of a hassle for consumers. But services such as Bellhops are disrupting the market — and making a challenging time for...
Selfridges has been named best department store in the world at the Global Department Store Summit in London. 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...
The parent company of Eddie Bauer and Pacific Sunwear of California is considering a merger of the two retailers in an effort to consolidate stores, as well as survive a prolonged downturn in the American brick-and-mortar retail sector. Get the Full Story Complete the form...
Despite a positive earnings report this week, Best Buy had another announcement: It’s in the process of closing all 250 of its U.S. small-format Best Buy Mobile stores. By May 31, they’ll all be gone. Get the Full Story Complete the form to unlock this article...
One could be forgiven for becoming momentarily confused when entering the Comcast store location in Pueblo, Colo.; Aventura, Fla.; Henrico, Va.; Chattanooga, Tenn., or Tucson, Ariz. A person’s natural response might be to look skeptically at the GPS device on their phone and wonder why it had lead them...
