Editor’s Picks

Square Doubles Down On Bitcoin; Generates $1.7 Billion In Crypto Revenue

Square Doubles Down On Bitcoin; Generates $1.7 Billion In Crypto Revenue
Square Doubles Down On Bitcoin; Generates $1.7 Billion In Crypto Revenue
February 23, 2021  |  Earnings

At Square, it’s getting hard to separate bitcoin from dollars. The company’s fourth-quarter financials reported on Tuesday (Feb. 23) were overshadowed by details about the...

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JPMC Addresses Racial Wealth Gap With Investment Product For Black-Owned Banks
JPMC Addresses Racial Wealth Gap With Investment Product For Black-Owned Banks
February 23, 2021  |  Banking

J.P. Morgan Chase is launching an investment product specifically to support Black-owned banks, Bloomberg reported. The financial services firm also made equity investments in four...

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EU Wouldn’t Allow Robinhood-Style Platforms For Retail Investors
EU Wouldn’t Allow Robinhood-Style Platforms For Retail Investors
February 23, 2021  |  Regulation

European Union officials said the type of commission-free share trading for retail investors offered by companies such as Robinhood would not be allowed in the...

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New Data: Consumers Show Pent-Up Dining Demand In Post-Pandemic World
New Data: Consumers Show Pent-Up Dining Demand In Post-Pandemic World
February 23, 2021  |  Retail

Since the start of the pandemic, many consumers have settled into a new normal. Where once they ate at restaurants, they may now order in...

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FDIC: Bank Profits Dropped 36.5 Pct In 2020
FDIC: Bank Profits Dropped 36.5 Pct In 2020
February 23, 2021  |  Banking

U.S. bank profits fell 36.5 percent in 2020 compared to the previous year due to the large volume of money set aside to cover potential...

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UK Businesses Face Headwinds From Pandemic And Brexit
UK Businesses Face Headwinds From Pandemic And Brexit
February 23, 2021  |  International

Businesses in the United Kingdom in sectors ranging from pet food to financial services and retail are grappling with challenges stemming from the pandemic and...

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Airtel, Qualcomm Team Up For 5G Telecom Push In India
Airtel, Qualcomm Team Up For 5G Telecom Push In India
February 23, 2021  |  Mobile Commerce

Bharti Airtel, which provides telecommunications services, is teaming up with Qualcomm, a chipmaker and wireless tech company, to accelerate the pace of the 5G rollout...

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EV Maker Lucid Motors Merges With Churchill SPAC To Go Public
EV Maker Lucid Motors Merges With Churchill SPAC To Go Public
February 23, 2021  |  IPO

Luxury electric vehicle (EV) maker Lucid Motors and special purpose acquisition company (SPAC) Churchill Capital Corp IV (CCIV) are planning a merger to go public....

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Billions Of Relief Dollars Hang In The Balance For US Restaurants
Billions Of Relief Dollars Hang In The Balance For US Restaurants
February 22, 2021  |  Retail

Earlier this month, the RESTAURANTS Act, which would dedicate $120 billion to restaurant relief, was reintroduced in Congress by a bipartisan group of senators, as...

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