The COVID-19 pandemic drastically reshaped the landscape of weddings, giving rise to the trend of micro weddings. These smaller-scale celebrations, with trimmed guest lists and downsized ceremonies, were the choice during times of uncertainty and restrictions. However, as the world emerges from the grips of...
Some retailers are reportedly reexamining their promotional strategies to stave off a muted holiday season. “It’s our Super Bowl,” Tapestry finance chief Scott Roe said of the holiday shopping season in a Sunday (Nov. 19) Wall Street Journal report that looks at the phenomenon. Roe — whose company owns Coach, Kate Spade and Stuart...
Private equity group Blackstone is reportedly the leading bidder for Signature Bank’s commercial property loans. Sources tell Bloomberg News that Blackstone is the frontrunner to gain possession of an approximately $17 billion loan portfolio from the failed bank, per a report Sunday (Nov. 19). The Federal Deposit Insurance Corp. (FDIC) has been trying...
Digital B2B payments firm PayMate is now doing business in Singapore, Australia and Malaysia. “Our rapid expansion into these countries highlights our commitment to enabling frictionless and highly secure B2B transactions for enterprises,” said Ajay Adiseshan, the company’s founder and CEO, per an IBS Intelligence report Friday (Nov....
JAT Capital isn’t done with Bed Bath & Beyond after demanding the removal of its CEO. In what a Friday (Nov. 17) CNBC report described as a “scathing” letter, the investment firm has written to the board of the company — formerly known as Overstock — accusing...
Major advertisers continue to flee X following Elon Musk’s approval of an antisemitic conspiracy theory. Apple, Disney, Warner Brothers, Sony, Paramount and IBM have suspended ads on the social media platform once known as Twitter, The New York Times reported Sunday (Nov. 19). The decision — coming as the company is battling to regain...
While the holiday season brings a myriad of traditions and festivities, one of the quirkiest yet arguably beloved is the ugly sweater phenomenon. While some may not fully grasp its appeal, others are enamored with the trend. But what sparked this festive fashion, and is the...
The Federal Reserve Board has announced price changes for 2024 that will raise the price for established, mature services by an average of 1.8%. For the FedNow Service®, the fee schedule will remain the same as the previous year’s, inclusive of discounts, the Fed said...
The third quarter is far enough behind us that some of the last few data points as to how consumers fared — at least from June to September, and at least in terms of what they spent online — are in. The Census Bureau of...
