U.K communications regulator Ofcom is calling for better social media regulations amid concerns about the influence U.S.-based Big Tech firms have on news consumption in the U.K. “U.S. tech firms increasingly shape the news stories that people in the U.K. see and read […] leading...
As retailers look to limit returns during the holiday shopping season, PayPal-owned Happy Returns has debuted a new returns-based revenue stream for Shopify merchants. Return Shopping is designed to “drive shoppers to merchants’ eCommerce storefronts within the return experience,” helping retain revenue without the accounting...
Merchants using Cart.com’s eCommerce tools will now be able to track the entire online retail process with its integration with FedEx Dataworks, a supply chain and data management platform. The partnership was announced in a Wednesday (Nov. 16) press release and will give Cart.com merchants...
U.K.-based money transfer company Wise launched a new cashback feature for Wise Business customers on Wednesday (Nov. 16) that will give them with 1% cashback on their card transactions. Wise Business is a multi-currency business account marketed at small- to medium-sized businesses that need to...
The downfall of crypto trading platform FTX has triggered a worldwide regulatory investigation, and now the U.S. House Financial Services Committee is undertaking a bipartisan hearing on the matter in December. The committee will focus on the once-heralded exchange’s collapse and the broader consequences of...
Cloud supply chain company Stord has begun rolling out a new last-mile delivery solution that chooses a carrier and service level that offers shippers the most efficient and cost-effective option to get a package where it needs to be by the expected delivery date. Rather...
The country’s third largest retail chain warned investors that, despite unprecedented promotions aimed at reducing excess inventory, its critical holiday sales season would fall short of expectations. In speaking to investors about its third-quarter results, Target CEO Brian Cornell said the Minnesota-based retailer was bracing...
Consumers spent more last month than some observers expected. What remains to be seen is whether that trend can continue. Commentary from Target Wednesday (Nov. 16) and PYMNTS’ own data cast some significant doubt over that sustainability. As reported Wednesday, United States retail sales rose...
The nation’s second-largest chain of hardware stores said Wednesday (Nov. 16) that its commercial or “Pro” business grew 19% last quarter, as consumers continue to invest in home remodeling projects rather than face the turbulence and high mortgage rates that are currently crimping housing sales....
