Editor’s Picks

Uber, Lyft Face California Lawsuit Alleging ‘Systematic Wage Theft’

Uber, Lyft Face California Lawsuit Alleging ‘Systematic Wage Theft’
Uber, Lyft Face California Lawsuit Alleging ‘Systematic Wage Theft’
August 06, 2020  |  Legal

Already reeling from the coronavirus, Uber’s and Lyft’s fortunes now face another big hit as California’s top labor official takes the ridesharing services to court...

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Wirecard Lenders On The Hook For Millions
Wirecard Lenders On The Hook For Millions
August 06, 2020  |  Security & Fraud

Wirecard AG’s bankruptcy filing is not just having an impact on the once bright German payments company — its insolvency has left a huge gap...

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Lawmakers Plan For New Stimulus Package By Friday
Lawmakers Plan For New Stimulus Package By Friday
August 06, 2020  |  Coronavirus

Lawmakers are working to reach a deal on the next stimulus package before Friday (Aug. 7), which could deliver a second round of $1,200 checks as early as next...

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US Jobless Claims Fall To 1.2M In Latest Week, But Top 55M Since Pandemic Began
US Jobless Claims Fall To 1.2M In Latest Week, But Top 55M Since Pandemic Began
August 06, 2020  |  Economy

The number of Americans who filed for unemployment benefits fell last week after two consecutive weeks of increases, the U.S. Department of Labor (DOL) reported...

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Bank Of England Ups Monzo’s Capital Requirements
Bank Of England Ups Monzo’s Capital Requirements
August 06, 2020  |  Digital-First Banking

Monzo Bank Ltd,  the London-based online bank, must now have a capital worth of 13.6 percent of its risk-weighted assets to guard against potential losses....

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Bain Capital Technology’s Bet On hey And Japan’s Digital Payments Shift
Bain Capital Technology’s Bet On hey And Japan’s Digital Payments Shift
August 06, 2020  |  Digital Payments

Japan’s history of mobile payments progress is one of the more curious stories in the field. Get the Full Story Complete the form to unlock...

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PayPal Boosts Venture Team With Wells Fargo Exec
PayPal Boosts Venture Team With Wells Fargo Exec
August 05, 2020  |  Personnel

Peggy Mangot, who once led the development of the Wells Fargo mobile banking app Greenhouse, has been hired by online payments giant PayPal as part...

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Carvana Posts 13 Pct Hike In Revenue Over 2019
Carvana Posts 13 Pct Hike In Revenue Over 2019
August 05, 2020  |  Earnings

Carvana, which works in the market of selling used cars online, announced its revenue was sitting at $1.12 billion and that it had sold 55,098...

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House Democrats Eye Kodak’s $765M US Loan
House Democrats Eye Kodak’s $765M US Loan
August 05, 2020  |  Loans

The meteoric rise, and then fall, of Eastman Kodak stock — and the recent profits scored by top executives there — is garnering more attention....

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