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Editors’ Picks
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InvestmentsSoftBank Abandons WeWork Deal; Lawsuit Likely
SoftBank finally pulled out of its $3 billion deal to purchase office sharing startup WeWork, after murmurs of such last month amid...
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B2B PaymentsLexisNexis Juris Collaborates On Faster Legal Invoice Payments
To enhance the payment acceptance process for law firms, Juris has endorsed cloud-based payment platform ClientPay as the top choice for its...
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EconomyBoston Fed Chief Rosengren Expects Jobless Rate To ‘Rise Dramatically’
Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to...
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CoronavirusSurvey: 46 Pct Of Americans Are At High Risk Of Layoffs
More than 66 million jobs across fields such as retail, food service and sales are at a high risk of layoffs because...
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CoronavirusRestaurant Order Volume Falls 36 Pct Amid Coronavirus Closures
In much of the United States, restaurants have been ordered closed, except perhaps for takeout service, amid the coronavirus pandemic. For example,...
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CoronavirusApple Card Holders Can Postpone April Payments
For the second consecutive month, Apple Inc. will allow its Apple Card users to defer April payments without interest or penalties to...
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CoronavirusCitigroup CEO To Workers: No Layoffs
Citigroup’s 204,000 U.S. employees hope it’s not an April Fools’ joke. In an interview with CNBC’s “Squawk on the Street,” Citigroup CEO...
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CoronavirusMnuchin Will Lobby For More SMB Money When First $350B Is Gone
Treasury Secretary Steven Mnuchin said if the $350 billion in loan funds for small and medium-sized businesses (SMBs) runs dry, he will...
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Today In DataThe Coronavirus Moves Autos, Antique Sales Online
The antiques business has been slow to transition online, but a confluence of factors, such as COVID-19’s shelter-in-place measure, is changing that reality. One...
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RetailAdidas Pays Landlords For April Rent Following Criticism
After being criticized for its decision to defer rental payments, Adidas apologized for saying it would halt rent payments for retail locations...
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RetailFoxconn Aims To Make Up For Lost Time With iPhone 5G Rollout
Even with the disruption caused by the coronavirus crisis, the most crucial manufacturing partner of Apple Inc. has informed investors that it...
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CoronavirusGlobal Tech Spending Down 4 Pct, But ‘Work From Home’ Spending Gives A Boost
Companies around the globe are looking at a a 4.1 percent decline in spending on technology as the coronavirus pandemic eats into...
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CoronavirusPortfolio Firms Want Cut Of Coronavirus SMB Rescue Funds
Industry lobbyists and executives from major private equity firms are asking the federal government for a piece of the coronavirus small business...
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SMBsBanks Will See Windfall From SMB $350B COVID-19 Bailout
Financial institutions stand to make billions from the $350 billion coronavirus bailout package for small and medium-sized businesses (SMBs), according to a...
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DeliveryUber Eats Moves Into On-Demand Grocery Delivery
Uber Eats is stepping up moves into online grocery deliveries as the coronavirus continues to spread worldwide, stifling rideshare demand and crippling...
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CoronavirusAMC CEO Says Consumers Will Be Back In Theaters In Mid-June
Adam Aron, CEO of AMC Entertainment, said in an interview with CNBC that he hopes people will be buying popcorn and seated...
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CoronavirusCoronavirus Scams Trigger Surge In FTC Complaints
The Federal Trade Commission (FTC) reported in a press release that it has received over 7,800 complaints from consumers all relating to...
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RetailSimon & Schuster, Authors Back Online Bookstore Helping Indie Sellers
As bookstores remain shuttered nationwide, a 3-month-old online seller is stepping up. The Associated Press reported Andy Hunter, who recently launched Bookshop.org,...
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CoronavirusApple Will Pay Contracted Janitors And Bus Drivers During Shutdown
Contractors with Apple who work in janitorial, bus driving and other such fields will be paid during the coronavirus shutdown, in a...
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CoronavirusGoldman Says Recovery Could Be The Fastest In History
New Goldman Sachs projections on how the coronavirus pandemic will play out in the U.S. say unemployment will hit 15 percent — but...
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B2B PaymentsH&M Cancels Orders, But Vows Supplier Payment
As garment makers are impacted by postponed deliveries and work cancellations amid the coronavirus pandemic, H&M noted it would accept shipment of products...
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EcosystemsVoice Assistants Play Key Role In Triaging COVID-19
While negative and at times frightening headlines abound these days and there is certainly much to be worried about, it is at...
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CoronavirusPayPal Relaxes Fees, Response Rules For Merchants
PayPal is relaxing some of its payment fees for small businesses due to the COVID-19 crisis – including allowing customers to defer...
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Safety and SecurityMarriott Data Breach Exposed Data Of 5.2M Guests
Marriott International experienced a massive data breach in an “incident” that involved a property system. The hotel firm said in a notice...
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CryptocurrencyCoinEx Teams With Simplex For Credit Card-Enabled Crypto Buys
Global cryptocurrency exchange CoinEx is partnering with fiat infrastructure provider Simplex to make it easier for investors to purchase cryptocurrency, the companies...
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DeliveryWalgreens Teams With Postmates For Expanded Delivery
As the need for home delivery escalates in the wake of the coronavirus pandemic, Walgreens and Postmates have teamed up to offer...
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InvestmentsChina’s Pinduoduo Raises $1.1B In Private Placement
Despite the world’s markets being crippled by the coronavirus, Pinduoduo Inc., the Chinese eCommerce company, said on Tuesday (March 31) that it...
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RetailOpenTable Feature Lets People Reserve Grocery Shopping Appointments
A new feature on restaurant reservation platform OpenTable will allow people to reserve grocery shopping times in the same way they reserve...
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Next-Gen DebitWhy Next-Gen Grocery Shopping Could Be Checkout-Free
Long checkout lines during peak hours result in nearly 11 percent of supermarket customers abandoning purchases. In this month’s Next-Gen Debit Tracker,...
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Partnerships / AcquisitionsT-Mobile To Go Ahead With Sprint Deal, Looks To Banks For $23B
T-Mobile, still planning to forge ahead with its merger with Sprint, has told a group of 16 banks to provide it with...
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CoronavirusNorth American Burger King Franchisees Get Rent Break, Cash Help
Burger King parent Restaurant Brands International will defer rent and boost franchisees in North America with extra cash as part of its...
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PersonnelBNY Mellon Names Thomas Gibbons CEO
Thomas Gibbons, the interim CEO at Bank of New York Mellon (BNY), has been named permanently to the position, according to a...
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CoronavirusCoronavirus Update: Saudi Arabia Requires Lenders To Help Companies; British Startups Ask Gov’t For COVID-19 Assistance
Governments are aiming to help companies amid the coronavirus, while executives are taking measures to contend with the crisis. Here are the...
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Payment MethodsPay Cards, Flex Pay Options Help Employees During Pandemic
As the public worries about contracting the coronavirus, many Americans have a second concern: getting paid. And the pandemic appears to be...
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Partnerships / AcquisitionsMicrosoft And Plaid Team Up On Financial Management Solution
Microsoft and Plaid have teamed up on the company’s new financial management offering, Money in Excel, the companies announced Monday (March 30)....
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Payment MethodsPaytronix Urges Restaurants To Use Gift Cards To Boost Loyalty, Sales
Customer loyalty and FinTech Paytronix wrote a blog post about the benefits of gift cards for restaurants, which can help ease the...
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CoronavirusWhen Will COVID-19 End, And Will SMBs Survive?
Two weeks into social distancing — and unfortunately it is not possible as of yet to say the end is near. As of...
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Credit UnionsConsumers Choose Debit As Preferred Payment Amid Coronavirus
Amid the coronavirus pandemic, PSCU compared transactions of its owner credit union members on a same-store basis between March 2019 and March...
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RetailMacy’s, Other Retailers Forced To Furlough Employees
Department store Macy’s will be forced to furlough most of its employees this week as the coronavirus pandemic continues to close hundreds...
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RetailWednesday Lease Deadline Looms For Retail
There’s $454 billion earmarked for retailers in the vast series of COVID-19 relief legislation passed last week. But none of it will...
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RetailCostco Reduces Hours, Updates Return Policy Due To COVID-19
Amid the COVID-19 situation, Costco is cutting back on its store hours and changing some of its policies. The warehouse club will...
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RetailUK Agencies Paint Stark Reality For Retail
The U.S. retail picture is bleak in this time of COVID-19. But the U.K. may be even worse. Data from February shows...
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RetaileCommerce Grocer Weee Notches Almost $50M In Funding
In Series B and Series B+ rounds headed up by VMG and XVC, California-based eCommerce grocer Weee notched almost $50 million in...
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B2B PaymentsGoogle, Amazon Urged To Delay SMB Cloud Payments
Top technology conglomerates including Google, Amazon and Microsoft are being urged to allow their startup and small business customers to defer payments...
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CoronavirusAirbnb Execs Take Less Pay, Sideline $800M Marketing Plans
Airbnb is looking to pause its marketing campaigns as a way to save $800 million while the company’s executives slash half of...
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RetailUS Mall Owner Taubman Tells Tenants To Pay Up
U.S. mall owner Taubman is telling tenants that their rent must be paid despite the inability to meet obligations, according to a...
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BankingUS Eases New Banking Rule On Reporting Bad Loans
Bank regulators have rolled back the Jan. 1 accounting standard known as “current expected credit loss” (CECL) in an effort to bolster...
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Payment MethodsVenmo, Square Cash Vie For Stimulus Funds Distribution
Venmo and Cash App want to be considered as ways the U.S. government could deliver its stimulus funds to help the coronavirus-wrecked...
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StartupsSatellite Internet Startup OneWeb Closes After SoftBank Fund Raise Fails
OneWeb, which wanted to make internet access worldwide and widespread, has filed for bankruptcy and let most of its employees go after...
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CoronavirusLenders Tighten Reins On Loans, Credit For SMBs, Households
As a potential recession lurks, FinTechs, traditional banks and other financial institutions (FIs) are tightening the reins on loans to small businesses...
