Editor’s Picks

China’s Didi Group-Buying Division Mulls $4 Billion Fundraising Move

China’s Didi Group-Buying Division Mulls $4 Billion Fundraising Move
China’s Didi Group-Buying Division Mulls $4 Billion Fundraising Move
February 05, 2021  |  Cross-border Payments

Didi Chuxing, China’s ridesharing giant, is pondering a move to raise $4 billion to meet the surging demand for group-buying delivery services, Bloomberg reported on Friday...

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Nonfarm Jobs Rise By 49,000, But Pandemic Continues To Hammer Economy
Nonfarm Jobs Rise By 49,000, But Pandemic Continues To Hammer Economy
February 05, 2021  |  Economy

The U.S. unemployment rate fell slightly in January to 6.3 percent as nonfarm payroll employment changed little, rising by 49,000, according to the figures released...

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Costco Racks Up Stimulus Spend; Research Shows High-Income Consumers Will Save
Costco Racks Up Stimulus Spend; Research Shows High-Income Consumers Will Save
February 04, 2021  |  Economy

There were all kinds of questions in the public sphere as the second round of stimulus checks went out in early 2021. Would consumers actually spend them...

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Hoteliers’ Woes Help Address Affordable Housing Challenge
Hoteliers’ Woes Help Address Affordable Housing Challenge
February 04, 2021  |  Real Estate

Developers in parts of the country are buying distressed hotel properties at huge discounts and converting the buildings into relatively inexpensive housing, CNBC reported. Get...

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Report: Price Of Jumia Technologies Expected To Soar In 2021
Report: Price Of Jumia Technologies Expected To Soar In 2021
February 04, 2021  |  Cross-border Payments

Analyses of investor sentiment and other factors point to the price of Nigeria-based online marketplace Jumia Technologies soaring through 2021 and beyond, London Loves Business...

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Peloton Records First $1 Billion Quarter; Allocates $100 Million For Delivery Issues
Peloton Records First $1 Billion Quarter; Allocates $100 Million For Delivery Issues
February 04, 2021  |  Earnings

With its key performance indicators sprinting ahead of the pack, Peloton’s delivery issues continue to drag on the connected fitness company’s performance. As detailed on...

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US Charges CEO Of GBC Capital In $1.8 Billion Ponzi-Like Fraud
US Charges CEO Of GBC Capital In $1.8 Billion Ponzi-Like Fraud
February 04, 2021  |  Cybersecurity

Federal prosecutors in New York announced Thursday (Feb. 4) in a press release the indictment of three people linked to private equity firm GPB Capital...

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Sen. Romney Seeks Roughly $3K In Annual Payments To Many Families
Sen. Romney Seeks Roughly $3K In Annual Payments To Many Families
February 04, 2021  |  Economy

U.S. Sen. Mitt Romney (R-Utah) is proposing that the federal government provide an average of $3,000 per year for most households through an initiative that...

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