News

IPO
Panera Ends IPO Plans With Danny Meyer’s SPAC, Citing Souring Economy
July 01, 2022

The year 2021 was a major year for restaurants and other food and beverage (F&B) businesses going public, with initial public offerings (IPOs) bringing in funds by the billions. This year, the tide has been turning. Panera Brands, the fast-casual group comprised of Panera Bread,...

Regulation
Weekly TechREG EMEA: EU Agrees on Crypto Regulation With Strict Controls on Stablecoins; EU Banking...
July 01, 2022

This week the most notorious development in the TechREG space is the agreement reached by EU institutions on the scope of the regulation that will govern crypto assets and crypto providers in Europe, the Markets in Crypto Assets Regulation (MiCA). With strong anti-money laundering checks...

Retail
Amazon vs Walmart Weekly: Was Q2 the Bottom or the Beginning?
July 01, 2022

The past three months of runaway inflation, rising interest rates, worries about the war in Europe and the gloomy bear market at home may not have been branded with a fitting nickname yet but they surely will never be forgotten — especially by the nation’s...

Social Commerce
Twitter Launches Branded Likes 
July 01, 2022

Twitter is launching Branded Likes to all managed advertisers reaching consumers in the U.S., U.K., Saudi Arabia and Japan, according to a Friday (July 1) blog post. “Expanding Twitter as a creative canvas for brands means improving the reach and efficiency of some of our...

Regulation
TechREG Weekly US: Former OCC Head Weighs in on SEC vs CFTC Crypto Oversight, Fed...
July 01, 2022

This week in TechREG, the debate about which regulator should oversee crypto assets continued with a former head of the Office of the Comptroller of the Currency (OCC) suggesting that cryptocurrencies should be assessed as internet stocks. Gary Gensler, head of the Securities and Exchange...

Retail
Enjoy’s Joyless Ride to Bankruptcy Scorches Cash, SPACs and Reputations
July 01, 2022

In just 10 short months, former Apple executive and “Genius Bar” creator Ron Johnson rode his mobile store startup Enjoy Technology from the cash-drenched hills of Palo Alto to ringing the opening bell at the Nasdaq in Times Square, to the U.S. Bankruptcy Court in...

Retail
Retail Downturn Leads Kohl’s to End Sales Talks
July 01, 2022

Kohl’s announced Friday (July 1) that it was ending negotiations to put itself up for sale, citing a financing and retail environment that had “significantly deteriorated.” The company issued a statement saying its board had “unanimously determined that it was no longer prudent to continue...

Banking
PYMNTS Intelligence: How Embedded Finance Can Help Banks Compete With FinTechs
July 01, 2022

Personal banking has become more digital than ever since the pandemic’s onset, when physical bank branches shut down, leading consumers to develop a penchant for online services. A recent study found that 78% of Americans prefer to bank via mobile app or website rather than visiting branches in person, thanks...

B2B Payments
‘1099 Generation’ Wants Easier Ways to Pay — and Get Paid
July 01, 2022

The definition of “employment” is continuing to shift, and that’s led to a corresponding shift in expectations on how workers in the gig economy get paid. And creators such as bloggers, photographers and influencers are redefining themselves as “solopreneurs” — independent contractors with all the...