Today is Monday, June 6 and Tesla is slashing 20% of its workforce while Elon Musk’s deal to buy Twitter hangs in limbo after scaling Security and Exchange Commission (SEC) hoops and still facing backlash from multiple areas.
There were 10 mass shootings since Friday (June 3), which almost seems made up except it’s not.
Howard Johnson’s is no more—goodbye to the best fried clams.
But. It’s also National Yo-Yo Day, which is a good way to realize nothing is all that serious; just find a yo-yo somewhere and have fun. Here’s what else should be on your radar this morning.
Ant Banks on Singapore. Chinese FinTech Ant Group is launching a bank in Singapore dubbed ANEXT Bank after getting approval for a license from the Monetary Authority of Singapore (MAS). ANEXT plans to focus on serving small-and-medium-sized enterprises (SMEs), especially those that focus on cross-border payments. Ant Group also signed a two-year memorandum of understanding (MOU) with Proxtera to develop an open framework for all participating financial institutions. READ MORE
No Deal. Yet. Q2 Holdings has been kicking around offers since May but has decided to hold off selling after the deals didn’t meet expectations. The FinTech that trades on the NYSE provides digital banking and lending solutions to banks, credit unions and alternative finance firms. READ MORE
Healthcare Convenience. Stefanie Kruse, vice president of digital commerce and omnichannel at Walgreens Boots Alliance (WBA) told PYMNTS that the pandemic put pharmacies in a critical position of addressing people’s needs. Now it’s up to the pharmacies to figure out the best way to cater to those very individual customer needs. READ MORE
Stunted by Fraud. PYMNTS research shows that almost 50% of businesses turn clients away because they are afraid their current anti-fraud protocols won’t hold up against cyber thieves. Having the right digital solutions, however, is a tactic that 71% of businesses feel can be a game-changer in tackling fraud. READ MORE
ICYMI. RIP HoJo. It’s sad news that the last Howard Johnson’s — known as HoJo’s — has closed its doors. The orange-roofed home of the absolute best fried clams and 28 ice cream flavors had a lone surviving eatery in Lake George, New York until Friday (June 3). It was listed for sale for a mere $10 but no buyers turned up. It was at one time the largest chain in the U.S. READ MORE
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