Editor’s Picks

Lawmakers Ask FTC To Examine Instacart, Delivery Platforms Tipping Protocols

Lawmakers Ask FTC To Examine Instacart, Delivery Platforms Tipping Protocols
Lawmakers Ask FTC To Examine Instacart, Delivery Platforms Tipping Protocols
May 29, 2020  |  Delivery

After reports that eCommerce delivery platforms are allowing consumers to “tip bait,” four U.S. senators are asking the Federal Trade Commission (FTC) to look at...

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SBA Data Shows $20B+ Of PPP Loans Have Been Canceled
SBA Data Shows $20B+ Of PPP Loans Have Been Canceled
May 29, 2020  |  Loans

A minimum of $20 billion in Paycheck Protection Program (PPP) loans have been canceled — many by small businesses afraid they can’t spend the money...

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Sweden’s Economy Grew In Q1 In Absence Of Lockdown
Sweden’s Economy Grew In Q1 In Absence Of Lockdown
May 29, 2020  |  International

Sweden is winning the race among European nations to restore the economy from the coronavirus pandemic, according to data published on Friday (May 29), CNBC...

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U.S. Savings Rate Hits Record-High 33 Pct, But Spending Falls A Record 13.6 Pct
U.S. Savings Rate Hits Record-High 33 Pct, But Spending Falls A Record 13.6 Pct
May 29, 2020  |  Economy

The consumer savings rate hit a historic 33 percent in April, as Americans hunkered down amid COVID-19, the U.S. Bureau of Economic Analysis (BEA) announced Friday...

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Costco Same-Store Sales Rise 4.8 Pct Amid Pandemic
Costco Same-Store Sales Rise 4.8 Pct Amid Pandemic
May 29, 2020  |  Retail

As shoppers stocked up on products in bulk amid the pandemic, Costco’s same-store sales increased 4.8 percent for the period concluding on May 10. The...

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JDE Peet’s Notches $2.6B In IPO
JDE Peet’s Notches $2.6B In IPO
May 29, 2020  |  Retail

After it notched €2.25 billion ($2.6 billion) in one the largest initial public offerings (IPOs) in Europe as of 2018, JDE Peet’s stock surged over...

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Uber Says California’s AB5 Law Could Cost 158,000 Drivers Their Jobs
Uber Says California’s AB5 Law Could Cost 158,000 Drivers Their Jobs
May 29, 2020  |  Ridesharing

If Uber is forced to classify its drivers in California as employees, 158,000 will be out of work, the company said. Get the Full Story...

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UK Digital Bank Starling Raises $49 Million In Latest Funding Round
UK Digital Bank Starling Raises $49 Million In Latest Funding Round
May 29, 2020  |  Investments

Starling, a United Kingdom-based digital bank, has raised $49 million in a funding round led by its investors Merian Chrysalis Investment Co. and Harald McPike,...

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Green Dot To Launch Mobile Banking For US Immigrants
Green Dot To Launch Mobile Banking For US Immigrants
May 28, 2020  |  Digital Banking

Welcome Technologies, which works to aid immigrants as they integrate into life in a new country, is partnering with Green Dot for the PODERCard, which...

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