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Editors’ Picks
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2.2KDeliveryUS Senators Ask FTC To Crack Down On ‘Tip Bait’ On Instacart
After reports that eCommerce delivery platforms are allowing consumers to “tip bait,” four U.S. senators are asking the Federal Trade Commission (FTC)...
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1.8KLoansSBA Data Show At Least $20B Of PPP Loans Have Been Canceled
A minimum of $20 billion in Paycheck Protection Program (PPP) loans have been canceled — many by small businesses afraid they can’t...
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1.5KInternationalSweden’s Economy Grew In Q1 In Absence Of Lockdown
Sweden is winning the race among European nations to restore the economy from the coronavirus pandemic, according to data published on Friday...
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1.1KEconomyU.S. Savings Rate Hits Record-High 33 Pct, But Spending Falls A Record 13.6 Pct
The consumer savings rate hit a historic 33 percent in April, as Americans hunkered down amid COVID-19, the U.S. Bureau of Economic...
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1.2KRetailCostco Same-Store Sales Rise 4.8 Pct Amid Pandemic
As shoppers stocked up on products in bulk amid the pandemic, Costco’s same-store sales increased 4.8 percent for the period concluding on...
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1.2KRetailJDE Peet’s Notches $2.6B In IPO
After it notched €2.25 billion ($2.6 billion) in one the largest initial public offerings (IPOs) in Europe as of 2018, JDE Peet’s...
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1.4KRidesharingUber Says California’s AB5 Law Could Cost 158,000 Drivers Their Jobs
If Uber is forced to classify its drivers in California as employees, 158,000 will be out of work, the company said. C/NET...
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1.7KInvestmentsUK Digital Bank Starling Raises $49 Million In Latest Funding Round
Starling, a United Kingdom-based digital bank, has raised $49 million in a funding round led by its investors Merian Chrysalis Investment Co....
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2.3KDigital BankingGreen Dot To Launch Mobile Banking For US Immigrants
Welcome Technologies, which works to aid immigrants as they integrate into life in a new country, is partnering with Green Dot for...
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2.1KConsumer FinanceIRS: Stimulus Card Isn’t Junk Mail
The Internal Revenue Service (IRS) wants to make sure you don’t throw out your prepaid $1,200 government stimulus debit card. Many people...
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2.1KLoansReport: SEC Probing Public Firms That Received PPP Funds
The U.S. Securities and Exchange Commission (SEC) has launched an investigation into publicly traded companies that received COVID-19 stimulus funds, Bloomberg News...
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1.5KEconomySurvey Says Millionaires Cut Spending, Postpone Big-Ticket Purchases
A majority of American millionaires say they plan to spend less this summer than in years past, according to a new Second...
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1.9KLoansHouse Eases Rules On PPP Loans
A measure that would make it easier for small businesses (SMBs) to get their hands on a forgivable federal loan has easily...
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1.1KEconomyVegas Rolls Dice On Reopening Shuttered Casinos
Las Vegas is betting that, with social-distancing restrictions in place, customers will return to its famed casinos. Nevada’s governor has given the...
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1.6KFaster PaymentsGM, Ford Speed Up Payments To Small Suppliers Hurt By Shutdowns
Two of the nation’s largest automakers are paying suppliers upfront to help small cash-strapped suppliers survive shutdowns caused by COVID-19. General Motors...
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1.3KResTechDoorDash Storefront Will Help Eateries Create Their Own Online Ordering Sites
To let eateries create their own websites for ordering so they won’t need to pay marketing fees, DoorDash will reportedly announce a...
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1.6KRetailDollar General, Family Dollar Same-Store Sales Jump
Amid increases in average transaction amount and shopper traffic, Dollar General Corp. reported that same-store sales rose 21.7 percent for fiscal year...
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1.2KEconomyAnother 2.1M Americans File Jobless Claims As Pandemic’s Total Tops 40M
More than 2 million Americans filed for unemployment benefits last week as the number of workers seeking assistance since the COVID-19 pandemic...
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1.1KB2B PaymentsBombay Stock Exchange Loosens Rules On Capital Market To Help SMBs
Bombay Stock Exchange (BSE) has relaxed guidelines for how Indian small- to medium-sized businesses (SMBs) can tap the capital market, loosening restrictions...
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1.8KPartnerships / AcquisitionsGoogle, Amazon And Other Top Tech Cos. Making M&A Deals Amid Pandemic
Giant tech companies are seeking deals at their fastest pace in years, fueled by COVID-19 despite an increase in scrutiny by regulators....
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1.9KSecurity & FraudGoogle Reports Resurgence In Pandemic Hacking, Phishing
Google’s security experts had their hands full in April, as its Threat Analysis Group (TAG) emailed 1,755 warnings to users whose accounts...
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2.1KEconomyFed Data: The U.S. Economy Is Reopening, But Not Rebounding
Reopening? Yes, the U.S. economic reopening is just beginning. But as for a rebound, we’ll have to wait — and it’s anyone’s...
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1.5KRetailApple To Reopen Approximately 100 US Retail Locations
Apple, which runs 510 retail locations throughout the globe, intends to open roughly 100 U.S. stores this week. The technology company will...
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1.7KCross-border PaymentsMoneyGram, Uber Offer Discount On Digital Money Transfers To Drivers
MoneyGram is partnering with Uber in order to offer discounts on money transfers to over 200 countries and territories, a press release...
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1.8KWalmartWalmart, ThredUp Join Forces For Second-Hand Clothes
Walmart is joining forces with resale startup ThredUp, according to a report in CNBC on Wednesday (May 27). Shoppers on the Walmart...
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2.6KArtificial IntelligenceAmazon Eyes Zoox Acquisition For Autonomous Cars
Amazon is in talks to buy self-driving car startup Zoox in a move that would advance the eCommerce giant’s reach in autonomous...
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1.6KEconomyJamie Dimon Hopeful Economy Will Improve In Q3/Q4
Jamie Dimon, CEO of J.P. Morgan Chase, expressed hope that the economy will improve and unemployment will ease in the second half...
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2.0KB2B PaymentsFacebook Canada Starts Aid Program For SMBs
Facebook Canada has announced a series of initiatives to aid small- to medium-sized businesses (SMBs) during the coronavirus pandemic, including $3.5 million...
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2.2KInternationalTencent Plans $70B Spend For AI, Cybersecurity, IoT Tech
Tencent plans to invest 500 billion yuan, or $70 billion, in cloud computing, artificial intelligence (AI) and cybersecurity over the next five...
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1.5KLegalUber, Lyft Drivers File Unemployment Lawsuit In NY
Four Uber and Lyft drivers are suing the state of New York over what they say is a failure to pay their...
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1.3KRetailFirst Six Flags To Reopen Next Week In Oklahoma City
For Greater Oklahoma City families who are eager to spend the day at an amusement park, Six Flags Entertainment Corp. has some...
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1.6KInvestmentsUBS To Invest Millions In FinTechs Via Corporate VC Fund
As it follows peers in investing in startups disrupting traditional banking, UBS Group AG is dedicating hundreds of millions to back FinTechs....
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2.1KWalmartWalmart, Green Dot Announce Enhanced MoneyCard Features
With features such as free cash deposits and a high-yield savings account, Walmart and Green Dot unveiled updated benefits for the Walmart MoneyCard...
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2.9KPartnerships / AcquisitionsCheckout.com Buys Australian Startup Pin Payments
London-based global payment provider Checkout.com has purchased Pin Payments, an Australian startup, the companies announced Tuesday (May 26). Terms of the deal were...
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2.8KGoogleGoogle Assistant Pilot Uses Voice Biometrics For Payments
Users of the Google Assistant Voice Match feature will soon be able to make payments for goods and services using only their...
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4.5KRetailMacy’s Unveils $1.1B Offering Of Senior Secured Notes
To help pay back borrowings under its existing $1.5 billion credit facility, Macy’s Inc. unveiled the offering of $1.1 billion in senior...
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3.4KEconomyOECD Reports Largest Decline In GDP Since 2009
In the first quarter, the economies of the major industrial countries declined at the sharpest rate since the Great Recession’s financial crisis....
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3.2KLoansDemand For PPP Loans Evaporates; $150B Still Available
When the first round of forgivable Paycheck Protection Program (PPP) loans became available April 3, the funds ran out within days. When...
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1.4KLegalUber Customer Asks Judge To Overturn Price-Fixing Ruling
An Uber customer who launched an antitrust lawsuit against the rideshare giant in 2015 asked a Manhattan federal judge on Friday (May...
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2.0KInternationalUber India Lays Off 600 As Ride Demands Vanish Amid COVID-19
As India sees COVID-19 cases quickly climb for the seventh day in a row as of Tuesday (May 26), Uber, like most...
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2.3KEconomyUS Economy Shows Signs Of Restart As Shutdowns End
Economists are beginning to forecast that the worst damage of the coronavirus pandemic is over, according to The Wall Street Journal on...
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5.2KSecurity & FraudWA Man Charged With Seeking $1.5M In PPP Loans For Fake Companies
A 35-year-old Washington State resident is charged with allegedly attempting to defraud the Paycheck Protection Program (PPP) by requesting loans for companies...
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2.1KCoronavirusReopening Trends: Consumers Spending More On Gas, Kids Still Home From School
As the U.S. begins procedures to tentatively reopen, the entire country has seen only a few across-the-board trends: namely, that people are...
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2.6KB2B PaymentsIntuit Posts 8 Pct Q3 Revenue Hit
Intuit, the maker of financial software TurboTax, QuickBooks and Mint, is posting an 8 percent decline in revenue, pointing in a statement...
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3.1KArtificial IntelligenceAI Robot Enforces Social Distancing At S. Korean Coffee Shop
A smart factory in South Korea has developed an artificial intelligence (AI) solution to help people stay socially distanced and keep the...
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3.4KRetailPandemic Drives Hertz To Declare Chapter 11 Bankruptcy
Hertz Global Holdings filed Chapter 11 bankruptcy late Friday (May 22) as the coronavirus pandemic continues to dry up travel and tourism...
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5.2KEconomyDemocrats, Republicans And A Tale Of Two Stimulus Packages
The U.S. economy is starting its walk back toward recovery, with all 50 states having publicly issued plans to begin reopening businesses...
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4.9KLoansPPP Loan Forgiveness May Be Hard To Win For Self-Employed Workers
The self-employed might regret getting one of the Paycheck Protection Program (PPP) loans from the Small Business Administration (SBA). CNBC reported these...
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5.6KInvestmentsBig Tech, Private Equity Put $10.4B In Indian Mobile Firm Jio Since April
Even amid the economic headwinds that are blowing on a global scale, some investors are finding opportunity in what are seen as...
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3.0KInvestmentsGrocery Startup Missfresh To Close On $500M In Expansion Financing
Beijing’s Missfresh Ecommerce Co., a Chinese grocery delivery startup, is expected to receive more than $500 million in expansion financing as COVID-19...
