News

Retail
Discount Retailers, Dollar Stores May Show Both Consumer Spending and Pulling Back
December 02, 2024

The paycheck-to-paycheck retail economy is a mixed bag these days, with both opportunities and challenges. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Investments
9fin Raises $50 Million for AI-Powered Analytics Platform for Debt Capital Markets
December 02, 2024

London-based 9fin has raised $50 million in a Series B funding round to build the next generation of its artificial intelligence (AI)-powered analytics platform for global debt capital markets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
OCC Rates 3 Financial Institutions ‘Outstanding’ in CRA Performance Evaluations
December 02, 2024

The Office of the Comptroller of the Currency (OCC) rated three out of 19 financial institutions as “outstanding” in its latest list of Community Reinvestment Act (CRA) performance evaluations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
Construction Sector’s Digital Makeover Includes Easier Working Capital Access
December 02, 2024

The construction sector accounts for about 4.4% of U.S. GDP  and is tied to about $2.2 trillion in annualized spending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Regulation
FTC Orders GOAT to Pay $2 Million, Alleging Shipping Violations
December 02, 2024

The Federal Trade Commission (FTC) has ordered online sneaker and apparel retailer GOAT to pay over $2 million to consumers, alleging that the company violated the agency’s rules around shipping practices. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
Treasurers Step Into Spotlight as Strategic Backbone of 21st Century Businesses
December 02, 2024

In the corridors of power that govern corporate strategy, treasurers have long worked in relative obscurity. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Banking
Crypto and FinTech Cry Foul Over Debanking — Could Real Issue Lie in Risk?
December 02, 2024

FinTech and crypto investor Marc Andreessen kicked off a firestorm over the weekend by alleging, on Joe Rogan’s podcast, that those two sectors — and dozens of companies backed by his namesake firm, Andreessen Horowitz — were being fundamentally “debanked” by U.S. financial institutions (FIs)....

Social Commerce
TikTok Woos Amazon Sellers in Spite of US Ban Threat
December 02, 2024

TikTok has reportedly begun courting Amazon sellers and staff despite a pending U.S. ban. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Investments
Nvidia Helps Cloud Computing Firm Nebius Raise $700 Million
December 02, 2024

Dutch cloud computing company Nebius has reportedly raised $700 million from investors including Nvidia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...