Luxury watchmaker Rolex plans to boost its presence in the retail space by acquiring watch merchant Bucherer. This acquisition will ensure the continuation of Bucherer’s success and strengthen the close ties between the two companies that have been nurtured since 1924, Rolex said in a Thursday (Aug. 24)...
Healthcare payments firm Waystar Technologies is ready to become a public company. Waystar announced Thursday (Aug. 24) that parent company Waystar Holdings had confidentially submitted a draft registration statement with the U.S. Securities and Exchange Commission (SEC) for proposed initial public offering (IPO). “The number of shares to be...
Citi says it is investing in Peruvian foreign exchange (FX) FinTech Rextie. “The investment makes Rextie Latin America’s first FX FinTech to receive an investment from one of the largest banks in the world,” Citi said in a news release Thursday (Aug. 24). In addition to the investment,...
Meta said its latest artificial intelligence (AI)-related venture will help developers write code. “Today, we’re releasing Code Llama, a large language model (LLM) that can use text prompts to generate and discuss code,” the social media giant wrote in a Thursday (Aug. 24) blog post. “Code Llama...
ProPricer has added a cash flow management tool to its cost proposal solution for government contractors and federal agencies. By seamlessly integrating with the ProPricer Contractor Edition platform, the new Cash Flow Pro tool empowers contractors to gain comprehensive cash flow insights, streamline reporting processes and enhance...
It is the European Union’s (EU) digital decade — and it starts Friday (Aug. 25). The rest of the world, particularly its tech sector, has officially been put on notice. That’s because the four-month grace period for the world’s largest tech companies to comply with...
Vietnamese internet startup VNG plans to go public in the United States. The company made its intentions known in a Wednesday (Aug. 23) filing with the Securities and Exchange Commission (SEC). VNG’s filing for an initial public offering (IPO) represents the first tech company from Vietnam to seek a listing in New York,...
When ChatGPT blossomed in popularity last year, school administrators got worried. Among their concerns was that the generative artificial intelligence (AI) technology would expose students to misinformation and tempt them into cheating, The New York Times reported Thursday (Aug. 24). But now, some school districts are rethinking their stances....
The recent news that Shein and Forever 21 are linking up to cross-sell underscores the importance of returns as part of the commerce continuum. As PYMNTS reported Thursday (Aug. 24), Shein is gearing up to sell Forever 21 clothing and accessories on the Shein site,...
