August 11, 2023
Ripple Joins BIS Task Force for Cross-Border Payments
Enterprise blockchain and crypto solutions provider Ripple is among the members of a cross-border payments task force recently formed by the Bank for International Settlements (BIS). As part of the cross-border payments interoperability and extension task...
August 11, 2023
Federal Judge Revokes Bail for FTX Founder Sam Bankman-Fried
FTX founder Sam Bankman-Fried was ordered to jail Friday (Aug. 11) after a federal judge revoked his bail. Since his arrest on fraud charges in December, Bankman-Fried had been under house arrest at his parents’...
August 11, 2023
Utz Sees Private-Label Competition Continue Amid Consumers’ Ongoing Inflation Concerns
Year-over-year grocery inflation may have slowed from its peak, but name brands continue to face competition from lower-priced private-label options, according to snacking giant Utz. The food company, which spans...
August 11, 2023
Top Subscription Merchants Know That Flexibility Is Key
In the competitive retail subscription space, offering flexible plan options is strongly linked with merchants’ success. By the Numbers PYMNTS’ study “Decision Guide – How Retail Subscription Merchants Can Win...
August 11, 2023
Consumer Sentiment Dips From July’s Levels and Retailers May Face...
U.S. consumers are slightly less optimistic about the economy this month, following two straight months of growing confidence. The preliminary data and index measuring consumer sentiment released Friday (Aug. 11) by the University...
August 11, 2023
Hive AI Seeks to Raise $200 Million at $4 Billion...
Hive AI, a San Francisco-based software company that uses artificial intelligence (AI) to moderate digital content, is reportedly working to raise $200 million in a funding round, with a valuation...
August 11, 2023
Merchants Push for New Laws to Combat Organized Retail Theft
Retailers and trade associations across the country are pushing for state and federal laws to impose harsher penalties for those engaging in organized retail crime. Since 2022, at least nine...
August 11, 2023
Uber Eats Expands Alcohol Selection to Boost New Verticals’ Margins
As aggregators seek to embed their offerings more deeply in consumers’ day-to-day routines, Uber is tapping Hy-Vee’s alcoholic beverage selection to drive adoption of its non-restaurant verticals while boosting basket...
August 11, 2023
Tech Startups Close or Downsize as Funding Declines by 49%
The startup world is facing a historic slump with a venture funding drought threatening hundreds of previously funded businesses. Investors have sharply cut back on funding for tech and early-stage startups in...