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January 16, 2021Like so many other major events, the Consumer Electronics Show (CES) was different this year, insofar as there was no floor in Las Vegas. And despite the switch of venue ...
January 15, 2021Latin American eCommerce giant MercadoLibre has sold $1.1 billion in bonds to expand its fleet of electric-powered delivery vehicles.
“We’re seeing positive results, and adoption of electric vehicles within our network ...
January 15, 2021Apple is exploring the addition of a premium subscription podcast tier to become a more competitive rival to Spotify, Bloomberg reported on Friday (Jan. 15), citing sources.
The move comes as the ...
January 15, 2021The Financial Crimes Enforcement Network (FinCEN) late Friday (Jan. 15) announced that it is assessing a $390 million penalty against Capital One for engaging in what it says are “both willful ...
January 15, 2021In the first wave of Q4 earnings reports, J.P. Morgan Chase, Citigroup and Wells Fargo showed the pandemic’s impact on critical lending and spending, and of course debt repayment, may not ...
January 15, 2021Citigroup reported stronger than expected Q4 earnings Friday (Jan. 15) that showed a solid digital business, but fell short on expected revenue. Earnings fell by 7 percent to $4.63 billion, ...
January 15, 2021Blend and MX, which are both FinTech startups, separately announced that they have each landed $300 million in funding.
“Money experience” company MX said it has landed $300 million in a ...
January 15, 2021Relationships app Bumble Inc. plans to go public and list its Class A shares on the Nasdaq Global Select Market under the “BMBL” ticker symbol, according to a Friday (Jan. 15) ...
January 15, 2021Alphabet-owned Google could be hit by a third lawsuit by state attorneys general, this time over its management of the Play Store, Reuters reported on Friday (Jan. 15), citing sources.
A ...
January 15, 2021Uber is seeking investors so it can launch a separate startup for the robotics division of Postmates, Postmates X, TechCrunch reported on Friday (Jan. 15), citing sources.
Temporarily coined Serve Robotics ...
January 15, 2021In this week’s news, we saw Roblox’s plans to go public through a direct listing, consumers’ preferences for a digital-first shopping experience and the rising popularity of quick-response (QR) codes. ...
January 15, 2021Sales of alcohol soared during the early weeks and months of the pandemic, but a wellness vibe seems to be taking hold as “mocktails,” once a meager category, experiences a ...
January 15, 2021Despite the ongoing pandemic, retail holiday sales were 8.3 percent higher in 2020 than in 2019, surprising even the National Retail Federation (NRF).
The 8.3 percent jump was double the 3.5 ...
January 15, 2021In today’s top news, Poshmark has more than doubled its valuation after its IPO on Thursday, and Goldman Sachs is teaming with Marqeta to power digital checking accounts for Marcus. ...
January 15, 2021Wells Fargo reported on Friday (Jan. 15) as part of its Q4 2020 earnings that its provision for credit losses fell $823 million. The bank attributed the drop mostly to ...
January 15, 2021Serial entrepreneur and Jet.com Founder Marc Lore is retiring as Walmart’s CEO of eCommerce to help startups and write a book while pursuing his passion of developing a city of ...
January 15, 2021Surviving the worst year in aviation history is, itself, an accomplishment. According to Delta Airlines CEO Ed Bastian, while pre-COVID volumes and travel practices may never fully return, the road ...
January 15, 2021European Central Bank (ECB) officials are concerned that Euro-area banks will get hit hard in 2021 by fallout from the COVID-19 pandemic as weakened businesses slide into bankruptcy.
“The main issue ...
January 15, 2021Today in B2B payments, HSBC launches cash flow management tool, and TD Bank acquires equipment finance operations from Wells Fargo. Plus, AspireHR links with SAP Concur, EedenBull teams with NAB ...
January 15, 2021The momentum of the new pandemic surge was too much for consumer spending to overcome, according to new data released Friday (Jan. 15). With infection rates climbing, consumers tightened the ...
January 15, 2021J.P. Morgan Chase posted fourth-quarter earnings results on Friday (Jan. 15) that showed the impact from the pandemic and economic headwinds were not as bad as might have been feared ...
January 15, 2021Home services platform Porch Group is branching out with the acquisition of four digital platforms that will expand its Total Addressable Market (TAM) by almost $100 billion, Porch said in ...
January 15, 2021Amazon unveiled Alexa Custom Assistant on Friday (Jan. 15), a product that allows companies to create customized artificial intelligence (AI) assistants to match their “brand personality” and meet their clients’ ...
January 15, 2021PYMNTS’ latest Walmart vs. Amazon Whole Paycheck Tracker found that the two retail giants did something unusual during the third quarter: They either remained flat or lost ground in the ...
January 15, 2021Trader Joe’s, Dollar General and other companies that employ thousands of front-line hourly or gig workers have announced plans to pay bonuses to those who get the new COVID-19 vaccines.
“We ...
January 15, 2021Target crushed online commerce and reported decent in-store sales volume for the holidays, while Urban Outfitters and Nordstrom had weak in-store traffic that even fairly positive online volume couldn’t surmount. In retail technology, Toshiba Global Commerce Solutions’ new ...
January 15, 2021The Hudson Group plans to add Amazon’s Just Walk Out technology to some of the popular convenience stores the chain operates at more than 1,000 North American airports, train stations ...
January 15, 2021After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations, The Wall Street Journal reported ...
January 15, 2021If you think real estate is thrice obsessed with location (and it is), make room for geodata’s expanding role in payments, banking and a slew of related activities. The January ...
January 15, 2021The U.S. Census Bureau reported on Friday (Jan. 15) that advance estimates of U.S. retail and food services sales for December 2020 fell 0.7 percent from November 2020 but they ...
January 15, 2021The latest installment in PYMNTS’ ‘Pandenomics’ study series is Mapping Digital-First Consumers’ Return to the Physical World, the “Why Digital-First Behaviors Are Here to Stay” edition. It explores correlations between ...
January 15, 2021Hiring and vetting job applicants remotely has become par for the course, but not all companies know how to verify job applicants’ identities digitally, says Alicia O’Brien, vice president of ...
January 15, 2021Each organization laid out its own path to reconcile with the sudden impacts of the pandemic earlier last year.
For larger firms, investment in digital-first solutions took on a new priority ...
January 15, 2021Investors continue to fuel the growth of the B2B technology startup community with another busy week in funding. In total, investors placed nearly $600 million for firms in the B2B ...
January 15, 2021 The holiday shopping season is the most wonderful time of the year for the retail industry.
Brick-and-mortar merchants and online retailers alike often rely on end-of-year sales to generate up to ...
January 15, 2021A letter from the American Hotel & Lodging Association (AHLA) says that America’s hotels, starved for work, want to be considered as vaccine distribution sites.
“By quickly mobilizing an existing network ...
January 15, 2021Poshmark saw its valuation more than double following its Nasdaq debut, with shares closing at $101.50, the Wall Street Journal (WSJ) reported on Thursday (Jan. 14).
The digital marketplace for second-hand ...
January 15, 2021For stablecoins, concept is edging closer to reality, especially for digital dollars – with a dose of regulatory clarity.
To that end, as Jeremy Allaire, CEO of Circle, told PYMNTS’ Karen Webster, ...
January 15, 2021The pandemic has exposed the vulnerabilities of virtually every institution that underpins daily life — perhaps none so much as the U.S. healthcare system.
Hospitals have been strained. Testing can barely ...
January 15, 2021When the pandemic drove professionals to work from home, business leaders began accelerating their digitization roadmaps. Accounts payable (AP) and accounts receivable (AR) personnel could no longer be in the ...