The world’s third-largest athletic footwear company, Skechers, said strong consumer demand for affordable comfort drove record quarterly sales results at a time when both of its largest rivals are struggling. According to a company press release, for the three months ending June 30 total sales...
2023 will be a transformative year for financial services, marked by a new addition to the world of instant payments, Bernadette Ksepka, vice president and deputy head of product management for the FedNow SM Service Program, told PYMNTS in a recent interview. “Financial institutions and...
Most FinTech firms that started out a decade ago came to market with a single, easy-to-use financial product that customers loved — whether it was stock trading, money transfer or international card payments. Over time, however, those services have expanded with additional products and services...
Activist investor Elliott Management has reportedly taken an undisclosed stake in PayPal, The Wall Street Journal reported Tuesday (July 26) night, citing unnamed sources familiar with the matter. While Elliott did not respond to a request for comment from PYMNTS sent after normal business hours,...
RocketFuel Blockchain, which provides payment solutions using cryptocurrencies, announced Tuesday (July 26) that it has debuted a new B2B cross-border settlements solution. The new solution will facilitate settlements for B2B entities with stablecoins. This will be done through a combination of digital and fiat currencies,...
Picture Instagram as a video-centric platform. Some can’t, others won’t, but with TikTok breathing down its neck at a delicate time, expect changes to how users engage. And that will have broad implications for Meta’s efforts to monetize the platform and compete more broadly for...
Canadian eCommerce company Shopify is slashing 10% of its global workforce or roughly 1,000 people, The Wall Street Journal reported on Tuesday (July 26) citing an internal memo seen by the publication. Shopify Founder and CEO Tobi Lütke told staff in the memo that the...
GloriFi, a Dallas tech company that bills itself as “pro-freedom, pro-America, pro-capitalism,” is getting ready to go public in a blank check merger worth $1.7 billion. According to a Monday (July 25) news release, the deal will see GloriFi merge with DHC Acquisition Corp, a...
As shippers aim to meet sustainability mandates and carriers look to switch to electric vehicles (EVs), both parties are finding that the project is complicated and expensive. For a trucking industry that is largely made up of owner-operators and carriers with fleets of just one...
