News

Investments
Corona’s Parent Company Gets Into Pot
October 31, 2017

Constellation Brands, a beer distributor that owns Corona, announced that it has signed an agreement to buy an almost 10 percent stake in Canopy Growth Corporation, the world’s largest publicly traded cannabis company. Get the Full Story Complete the form to unlock this article and...

CFPB
CFPB Hunts Down Mortgage Delinquencies With New Online Tool
October 31, 2017

The Consumer Financial Protection Bureau (CFPB) has launched a new online tool that tracks mortgage delinquencies nationwide. 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...

News
US Savings Rate Drops To 10-Year Low
October 31, 2017

Americans are saving less these days — a sign that Americans are making more money, feeling better about the future or are just completely irresponsible and incapable of learning a lesson from a crisis. Get the Full Story Complete the form to unlock this article...

Delivery
DoorDash Sponsors Silicon Valley Virtual Restaurants
October 31, 2017

DoorDash has decided to broaden its main consumer benefit — the ability to skip the restaurant dining room and have the food delivered directly — so that chefs can adopt this model, too. Get the Full Story Complete the form to unlock this article and...

International
Apple, Facebook CEOs Meet China’s President
October 31, 2017

With Apple gearing up to roll out the iPhone X early next month and Facebook trying to get back into the Chinese market, the executives of the two companies met with China’s President Xi Jinping on Monday (Oct. 30). Get the Full Story Complete the...

Retail
Chinese Consumers Drive Global Luxury Sales Higher This Year
October 31, 2017

Thanks to Chinese shoppers’ affinity for luxury brands, a global recovery of the luxury retail market is underway so far this year. That’s according to a report released by Bain & Company and Altagamma Foundation and covered by news website Jing Daily. Get the Full...

South Asia
India’s Paytm Contemplating US Expansion
October 31, 2017

While much ink has been given to the various U.S. companies trying to grab up a foothold in India, this week’s news seems to be flowing the other way across the sea. India’s largest payments player — Paytm — is eying the United States for...

POS Innovation
Square Supersizes Square Register
October 31, 2017

Square is rolling out a point-of-sale (POS) device for larger merchants, according to a press release. Priced at $999, the company says its Square Register solution is a versatile, fully integrated POS that works for any business. Get the Full Story Complete the form to unlock...

CFPB
Payday Lending Rules Seem Likely To Escape The CRA
October 31, 2017

Last week, at the end of an otherwise dramatic day on Capitol Hill, the Senate managed to pull off something of a twist ending: the repeal of the CFPB’s arbitration rule via a Senate vote that invoked the Congressional Review Act (CRA) to prevent the rule from ever...