Sections
Editors’ Picks
-
InternationalBarbados Rolls Out Sandy Carpet For COVID-Weary Workers
The prime minister of Barbados has a message for workers weary of COVID-19 restrictions and other pressures at home: Come to the...
-
eCommerceAliExpress Russia’s CEO: We’ll Make $10B In Annual Revenues By 2022-2023
AliExpress Russia, the eCommerce venture between the Alibaba Group Holding Ltd., China’s global technology company specializing in online retail, and its Russian...
-
RetailCOVID-19 Boosting PC Sales
Add makers of personal computers to the short list of companies that are seeing a net benefit from the COVID-19 crisis. IDC...
-
CryptocurrencyStablecoins Could Be The Currency Of Choice For Money Launderers, Terrorists
Stablecoins, the virtual currencies which seek price stability, could be the next target for money laundering and terrorist financing, a report found....
-
B2B PaymentsHow Cannabis Can Become A B2B Payments Innovation Influencer
The legal cannabis market’s financial services challenges are, by now, well-known. For several years, while state-level legalization has expanded, access to traditional...
-
Security & FraudPunjab National Bank Faces Third Major Fraud In As Many Years
Punjab National Bank shares fell by nearly 6 percent late Thursday (June 9) after it was defrauded $491 million by one of...
-
RegulationUK Tightens Rules On Payments Firms In Wake Of Wirecard Debacle
The United Kingdom’s financial regulator has toughened rules on payment companies less than two weeks after Wirecard AG’s collapse locked millions of...
-
RegulationUN Rule Mandates Connected Cars Be Secured Against Cyberattacks
A new rule from the United Nations will require connected cars sold in Japan, South Korea and the European Union, among other...
-
RetailSome Creditors Reportedly Oppose AMC Deal To Avoid Bankruptcy
Movie-theater giant AMC Entertainment Holdings’ reported deal to avoid bankruptcy is running into a roadblock as some creditors oppose the deal, according to...
-
Mobile ApplicationsConsumer Mobile App Use Increased 40 Pct During Lockdown
The pandemic saw an all-time high record of mobile app usage, according to market data from App Annie. The monthly time spent...
-
BankingWells Fargo Sets New Requirements For Jumbo Mortgages, May Reduce Workforce
As it tightens the requirements for some mortgage transactions, Wells Fargo is mandating that new customers seeking to refinance a jumbo mortgage take $1...
-
NewsIrish Police Raid Wirecard’s Dublin Offices
The investigation into Wirecard AG, the German electronic payment transfer company, has expanded to Ireland. The Irish Times reported the company’s Dublin...
-
RetailWalgreens Accelerates Digital Investments Amid The Pandemic
Walgreens Boots Alliance, Inc. accelerated its investments in its important strategic priorities during the third quarter to prepare for growth in the...
-
EconomyAnother 1.3M Americans File Jobless Claims; COVID-Related Total Now Stands At 49M+
The U.S. Labor Department (DOL) reported Thursday (July 9) that another 1,314,000 American filed initial claims for jobless benefits last week, bringing...
-
EconomyJobless Rate Could Drop To 7 Pct By Year’s End, Fed’s Bullard Says
St. Louis Federal Reserve President James Bullard put in a vote of confidence for the U.S. economy on Wednesday (July 8), saying...
-
AppleApple Customers Can Now Schedule In-Store Appointments
A new Apple service will let customers browse shops in person in a safe and convenient way through setting appointments, according to...
-
Partnerships / AcquisitionsAmerican Express, SAP Team Up For Invoice Automation
American Express (NYSE:AXP) and SAP Concur announced on Wednesday (July 8) two new offerings integrating services, the latest in a long series...
-
SubscriptionsTwitter Stock Soars On News Of Possible Subscription Service
Shares of Twitter surged Wednesday (July 8) after an apparent job listing spilled the beans on the social media giant’s budding efforts...
-
DebtRecord 32 Pct Of Americans Miss Housing Payments In July
A record number of tenants and homeowners — 32 percent — missed some or all of their rent or mortgage in July,...
-
RetailAMC Eyes Crucial Debt Deal, Reopening Theaters
AMC Entertainment Holdings is still struggling to avoid bankruptcy even as it prepares to reopen many of its movie theaters. AMC is inching...
-
MastercardMastercard Expands Online Search Tool To US, Canada
Mastercard has introduced new tools designed to help small businesses drive online commerce, the company announced Wednesday (June 8). As businesses try...
-
Partnerships / AcquisitionsShopify Teams Up With Kustomer To Bolster Key Sales Platform
Kustomer on Wednesday (July 8) announced a deal with Shopify that the New York firm is betting will expand the reach of...
-
HealthcareWalmart Forms Company To Sell Insurance Amid Healthcare Push
As it grows its healthcare offerings beyond low-cost clinics and technology to help patients manage their medications, Walmart has formed a new company...
-
IPOAlibaba’s Ant Group Plans Hong Kong IPO At $200B+
Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this...
-
RetailWalgreens Teams With VillageMD To Offer In-Store Health Clinics
Walgreens Boots Alliance is teaming up with Chicago-based VillageMD to make Walgreens “the first national pharmacy chain to offer full-service doctor offices...
-
RetailBrooks Brothers Bankruptcy Leads List Of More Fashion Retail Troubles
The retail world was rocked by more bankruptcy news on Wednesday (July 8), as Brooks Brothers officially announced its long-rumored bankruptcy and...
-
RetailCVS Pharmacy Creates Spoken Rx To Read Prescription Labels
To provide its patients with “talking” prescription labels, CVS Pharmacy has created a new function of its app called Spoken Rx. The...
-
IPORocket Cos., Quicken Loans Parent, Files IPO
Rocket Companies, one of the nation’s largest mortgage lenders and parent of Quicken Loans, filed its initial public offering (IPO) late Tuesday...
-
TaxesSeattle OKs Head Tax Aimed At Big Business
Seattle’s City Council passed a new tax for big businesses operating in the city, including Amazon, according to CNBC. The tax, called...
-
EconomyMore Cash Payments Would Speed Up Recovery, Economists Say
An open letter signed by more than 150 economists in concert with two public policy groups asks the government to provide more...
-
RetailWalmart To Challenge Amazon Prime With Subscription Membership
Walmart will be launching a new subscription service, Walmart+, this July, to compete with Amazon Prime, as reported by Vox. The service,...
-
Partnerships / AcquisitionsUber CEO: Postmates Is ‘Exactly’ The Kind Of Brand The Company Wants
Uber’s attempted merger with Grubhub might have fallen apart, but Uber CEO Dara Khosrowshahi said in a televised interview that shareholders shouldn’t...
-
RetailRetail Group Fights Back Against Anti-Maskers
There’s the Target customer wearing a $40,000 Rolex throwing a fit because he was asked to wear a mask. There’s “Costco Karen”...
-
EconomyAtlanta Fed Warns Recovery Could Stall As Outbreaks Surge
The uptick in U.S. coronavirus cases could dampen the recovery of the nation’s economy, according to a Federal Reserve official. Raphael Bostic,...
-
EconomyMcConnell: Stimulus Checks An Option For Low-Income Workers
U.S. Senate Majority Leader Mitch McConnell said on Monday (July 6) that he could be open to more stimulus checks for individual...
-
eCommerceUS Online Grocery Sales Hit $7.2B In June
Online grocery sales growth continued in June as the pandemic continued to shape the way people shopped for necessities like food, according...
-
Security & FraudWirecard Exec Who Ran Unit At Heart Of Scandal In Custody In Munich
Wirecard executive Oliver Bellenhaus, 46, has been arrested in Munich for his alleged central role in the massive worldwide fraud case currently...
-
EconomyA Third Of US Companies Slashed Worker Pay For Pandemic
A new survey by global outplacement and executive and business coaching firm Challenger, Gray & Christmas found that 30 percent of companies...
-
InvestmentsSquare Rally Sees Firm’s Valuation Nearing Major Banks
With a rally in shares, Square‘s valuation is approaching the level of some of the biggest U.S. banks, Bloomberg reports. Since May,...
-
InvestmentsGoogle Parent Alphabet Joins Amazon, Microsoft And Apple With $1T Market Cap
The four largest tech companies have regained their trillion-dollar status as the stock market continues its surprising rebound following a big slide...
-
Loans$132B Still Available From PPP, Including $30B That Companies Returned
There’s still lots of federal cash available for small and medium-sized businesses (SMBs) in need of a hand up through the COVID-19...
-
RetailDiscover Serves Up $5M To Bolster Black-Owned Restaurants
Discover Financial Services has launched a $5 million program targeting Black-owned restaurants. The move comes against the backdrop of the COVID-19 economic...
-
RetailLucky Brand Starts Chapter 11 Proceedings, Seeks Sale
Lucky Brand has started proceedings under Chapter 11 to help pave the way for a sale and decrease its debt load brought...
-
Security & FraudProbe Claims Luckin Coffee Chair May Have Known Of Discrepancies
The head of Luckin Coffee Inc. knew or should have known about the accounting misconduct at the Beijing-based java chain, The Wall Street Journal...
-
eCommerceIndia’s eCommerce Proposal Would Grant It Access To Google’s, Amazon’s Source Codes, Algorithms
India’s new competition rules could end up having an adverse effect on global players like Amazon, Google and Facebook, Bloomberg reports. The...
-
Partnerships / AcquisitionsUber Reaches $2.65B Deal To Buy Postmates
Uber Technologies agreed Monday (July 6) to purchase delivery firm Postmates Inc. in an all-stock deal worth $2.65 billion. “Uber and Postmates...
-
InvestmentsIntel Pays $253.4M Into Jio Platforms For A 0.39 Pct Stake
Intel Capital Corp. wants a piece of Jio Platforms, India’s largest mobile network operator, LiveMint.com reported. The investment division of Intel plans to...
-
Partnerships / AcquisitionsIndia’s Billing Processor BillDesk Looks For Buyers
Indian payment gateway BillDesk, which controls over half of the business clients in the country, is looking to sell off its business...
-
Security & FraudAudit: Wirecard Payments, Issuing Businesses Have Been Bleeding Cash For Years
As details about the failed management of Wirecard AG unfold, it becomes clear that the company’s core business has been losing cash...
-
ANTITRUSTEU Questions Rivals About Competition Concerns In Google-Fitbit Deal
European regulators are investigating Google’s proposed $2.1 billion takeover of Fitbit, the San Francisco-based wearable technology maker, the Financial Times reported. Consumer and privacy...
