Editor’s Picks

Uber Cleared To Buy Online Grocer Cornershop

Uber Cleared To Buy Online Grocer Cornershop
Uber Cleared To Buy Online Grocer Cornershop
May 31, 2020  |  Acquiring

Uber has been approved by the National Economic Prosecutor’s Office (FNE), Chile’s antitrust regulator, to acquire the Chilean grocery shopping app Cornershop, according to an...

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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  |  Cross-border Payments

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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