Sections
Editors’ Picks
-
RetailDoorDash Unveils Latest Growth Strategy: Digital Convenience Stores
DoorDash is rolling out digital convenience stores in a bevy of major cities as it ups the ante in the fierce battle...
-
HealthcareTeladoc Health, Livongo Health Ink $18B Merger
Telemedicine and virtual healthcare company Teladoc Health and California-based Livongo Health Inc., which provides digital health management for chronic conditions, have agreed...
-
HealthcareAlibaba Raises $1.3B For Push Into eCommerce Pharmaceutical Business
Alibaba Health Information Technology plans to pump the $1.3 billion it raised in a secondary offering on the Hong Kong stock exchange...
-
EconomyADP Reports Disappointing Private Sector Job Growth In July
Private sector employment rose by 167,000 in July, but the numbers are a far cry from June, when private-sector employment increased by nearly...
-
RetailAlexa, What’s The Future Of Voice Commerce?
The present tense for voice commerce shows an eager and accelerated installed base with 90 million devices in the U.S. But as...
-
RetailWalmart’s New Subscription Service Is Once Again Delayed
In a bid to challenge Amazon, Walmart had planned to launch a new subscription service called Walmart+ in July — but that month...
-
Security & FraudStudy: COVID-19 Fraud Reaches $100M
SocialCatfish.com, the identity verification nonprofit, reported U.S. losses from COVID-19 fraud and ID theft have reached nearly $100 million since the pandemic...
-
EarningsCash App Drives Square Strong Q2 Results
Square saw its shares skyrocket Tuesday (Aug. 4) night after the San Francisco-based financial services company posted better-than-expected quarterly results for its...
-
B2B PaymentsMastercard Grows Partnership With B2B FinTech ANNA Money
ANNA Money and Mastercard have broadened their partnership to help ANNA’s customers through “value-added services,” according to a Tuesday (Aug. 4) announcement. ANNA,...
-
B2B PaymentsNatWest Adds Apple Pay Option For B2B Payments
NatWest is bringing Apple Pay to all its business credit card customers, according to a press release. The new partnership will afford...
-
InvestmentsDeep Learning Tech Firm Syntiant Raises $35M In Series C
Voice-focused deep learning tech firm Syntiant has notched $35 million in a Series C funding round. Applied Ventures, LLC and M12, the venture...
-
MobileT-Mobile Adds 5G To 2K More Communities
The residents of Lisbon, North Dakota, might have been surprised Monday night (Aug. 3) when the skies lit up letting people in...
-
LoansSEC Probes Timing Of Eastman Kodak’s Announcement Of $765M Loan
Eastman Kodak’s surprise announcement of plans to reinvent itself as a drug manufacturer has run afoul of the U.S. Securities and Exchange...
-
Travel PaymentsBooking.com To Cut Workforce By 25 Pct
Booking Holding Inc., the Connecticut-based company that owns travel website Booking.com, plans to reduce its workforce by as many as 4,250 positions...
-
ANTITRUSTEU Launches Antitrust Review Of Google’s Fitbit Deal
Google’s push into the fitness tracker and smart watch market has hit a major snag. The European Commission on Tuesday (Aug. 4)...
-
RetailWawa To Construct Drive-Thru-Only Convenience Store In PA
Wawa Inc., the East Coast convenience and gas station chain, is planning to build a new store that will be different from the retailer’s...
-
Partnerships / AcquisitionsBarrons: Online Lender Kabbage Shopping For Buyers
FinTech Kabbage could be seeking a sale, and in doing so, could look to garner up to $1 billion, according to sources...
-
ANTITRUSTDOJ To Investigate Intuit’s $7B Takeover Of Credit Karma
The U.S. Department of Justice (DOJ) has launched a probe into Intuit’s $7.1 billion purchase of Credit Karma. ProPublica reported the DOJ...
-
EconomyPoll: Almost Half Of Those Laid Off Doubt Jobs Will Return
Almost half of furloughed workers in the U.S. don’t believe their jobs are coming back, according to a report from CNBC citing...
-
Partnerships / AcquisitionsTrump Urges Microsoft To Buy TikTok In Its Entirety
President Donald Trump gave Microsoft Corp. some advice on its bid to buy the U.S. arm of TikTok, the controversial Chinese video-sharing app. On Monday (Aug. 3),...
-
IPOBigCommerce Increases IPO Pricing Window To $21-$23 Per Share
Online shopping technology provider BigCommerce Holdings is increasing its potential pricing and appended insider selling as it plans to go public, according...
-
EconomyGOP, Democrats Far Apart On New Stimulus Package
With the House and Senate far apart on what the next stimulus package will look like, the White House is considering options...
-
BankingHSBC Sees Profits Fall As Bad Debts Top $6B
HSBC, Europe’s biggest bank, has seen its profits plunge in the first six months of 2020, squeezed by low interest rates and...
-
SMBsReport: One-Third Of NYC SMBs Could Close Permanently
It’s closing time for many small businesses in New York City. As the pandemic drags on and federal aid runs low, many...
-
Partnerships / AcquisitionsGoogle Becomes $450M Investor In ADT For Home Security Tie-Up
Alphabet Inc.’s Google is expanding its reach into the home-security business by buying a $450 million stake in ADT, the Florida-based provider of...
-
RetailBankruptcy Watch: Lord & Taylor And Tailored Brands File Chapter 11, Adding Urgency To Apparel Crisis
Lord & Taylor and Tailored Brands surprised absolutely no one with their bankruptcy filings Sunday (Aug. 2), but another spate of bad...
-
RetailSeven & i Holdings To Buy Marathon’s Speedway Fuel Stations For $21B
As it wagers that a bigger presence in the United States will provide growth during the COVID-19 uncertainty, Seven & i Holdings...
-
Digital-First BankingGoogle Expands Digital DDA Program To Six New FIs
Six additional U.S. banks and credit unions (CUs) have signed on to offer checking and savings accounts through Google Pay. BankMobile, BBVA...
-
IPOReport: GoodRx Files For IPO
GoodRx Inc., the Santa Monica, Calif.-based prescription drug price-comparison company, plans to go public. Reuters reported the online company has filed for...
-
AppleApple Buys Mobeewave For $100M
Apple has purchased Canadian company Mobeewave, which will allow it to create mobile pay hubs out of iPhones, Bloomberg reported. The deal...
-
LoansRubio: Revamped PPP, SMB Loan Programs Aim To Smooth Out ‘Uneven Recovery’
Senator Marco Rubio of Florida, who spearheaded the landmark Paycheck Protection Program (PPP) to help small businesses survive the coronavirus pandemic, now...
-
AcquiringMicrosoft Aims To Buy TikTok’s US Arm By Sept. 15 After CEO Gets Trump’s Blessing
Microsoft Corp. has resumed attempts to buy the U.S. arm of TikTok — the popular but controversial Chinese video-sharing app owned by...
-
SMBsSMBs Switch Banks Post-PPP Experience
When Fathom Unlimited Inc. needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned...
-
FacebookFacebook To Debut Music Videos In The US
Facebook is enabling official music videos on its social media platform in the United States to help users unite over music. Users...
-
Partnerships / AcquisitionsTrump Vows To Ban TikTok From America Even As Microsoft Weighs Buying Firm’s U.S. Arm
President Donald Trump said late Friday (July 31) that he plans to ban Chinese-based social-video giant TikTok in the United States even...
-
Security & FraudChinese Regulators Prepare To Crack Down On Luckin Coffee
Regulators in China are preparing to move against once-hot Luckin Coffee Inc., which admitted booking millions of dollars in nonexistent sales, The...
-
Security & FraudTrio Arrested In Twitter Hack, Including 17-Year-Old Alleged Mastermind
Three arrests were made Friday (July 31) in California, including a juvenile, the alleged mastermind, for their alleged roles in the Twitter...
-
RegulationGoogle, Facebook May Have To Pay Australian News Publishers
Two days after Google and Facebook CEOs testified before Congress over alleged antitrust violations, Australia has proposed regulation that could force the...
-
IPOTikTok Owner Eyes Listing Change To Dodge US Sanctions
With the Trump administration increasingly signaling that it may ban Chinese technology power-house ByteDance’s blockbuster app TikTok in the United States over...
-
EconomyUS Personal Income Down, Spending Up In June
Disposable personal income fell by 1.4 percent in June to $255 billion while personal spending increased $738 billion, a nearly 6 percent rise,...
-
RetailNeiman Marcus Nears End Of Bankruptcy
Neiman Marcus could exit Chapter 11 in time for holiday shopping. According to the The Dallas Morning News, the luxury retailer is...
-
RetailReport: ABG May Buy Bankrupt Ann Taylor Parent Firm Ascena
Authentic Brands Group (ABG), the New York-based brand management company, could be the latest potential buyer of Ascena Retail Group, the recently...
-
Safety and SecurityUS Lawmakers Seek Investigation Of Zoom And TikTok’s China Ties
Two members of Congress asked the U.S. Department of Justice (DOJ) Thursday (July 30) to investigate Zoom Video Communications Inc., the video...
-
Digital PaymentsChina Regulator Considers Antitrust Probe Of Alipay, WeChat Pay
China’s State Council’s Anti-Monopoly Commission is considering investigating Alipay and WeChat Pay, two of the county’s biggest online payment and money transfer...
-
IPOAffirm Eyes Possible IPO That Could Value POS Lender At $10B
Point-of-sale lender Affirm’s initial public offering (IPO) could reach as much as $10 billion through work with Goldman Sachs, according to people...
-
ANTITRUSTBig Tech CEOs Didn’t Win Over Congress At Hearing
The big day finally came — the CEOs of Amazon, Apple, Facebook and Google‘s parent, Alphabet, sat in front of lawmakers (at...
-
RetailInstacart Plans To Lay Off Some Of Its Shoppers
Select part-time Instacart workers who are in-store shoppers are having their positions cut due to at least two of the company’s partners...
-
RegulationRep. Waters Slams CFPB Chief For ‘Betraying Consumers’
The chairwoman of the House Committee on Financial Services unleashed a withering attack on the Consumer Financial Protection Bureau (CFPB) on Thursday...
-
RetailImpossible Burger Makes Its Way To Walmart
The Impossible Burger vegetable-based meat alternative landed in the grocery sections of Walmart stores on Thursday (July 30). Impossible Burger is available...
-
RetailWalmart Reduces Corporate Workforce With Layoffs
Walmart has reduced its workforce by laying off hundreds in its logistics, real estate and retail location planning divisions as it simplifies its...
