News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

Source: pymnts.com

Prepare for US Recession, Goldman’s Blankfein Says

Prepare for US Recession, Goldman’s Blankfein Says
Prepare for US Recession, Goldman’s Blankfein Says
May 15, 2022  |  Economy

Goldman Sachs Senior Chairman Lloyd Blankfein said a U.S. recession is at “very, very high risk,” warning that companies and consumers alike should be ready,...

READ MORE >
Crypto Trading Platform Elwood Technologies Backed by Goldman, Barclays
Crypto Trading Platform Elwood Technologies Backed by Goldman, Barclays
May 15, 2022  |  Cryptocurrency

Goldman Sachs and Barclays have invested in crypto trading platform Elwood Technologies, which was founded by Alan Howard, a British hedge fund billionaire, The Financial...

READ MORE >
Venture Capitalists Pour Millions Into NFTs
Venture Capitalists Pour Millions Into NFTs
May 15, 2022  |  NFTs

Venture capitalists have been getting into non-fungible tokens (NFTs), The Financial Times reported Friday (May 13), with millions going to those sorts of causes. Get...

READ MORE >
Travel Booking Companies Spend Big on Marketing, Expecting Huge Vacation Season
Travel Booking Companies Spend Big on Marketing, Expecting Huge Vacation Season
May 15, 2022  |  Travel Payments

In a bid to get more people booking flights and accommodation, travel booking firms are spending a lot on advertising, Reuters reported Friday (May 13)....

READ MORE >
Indian Digital Payments Company Paytm to File for New General Insurance License
Indian Digital Payments Company Paytm to File for New General Insurance License
May 15, 2022  |  Insurance

Paytm, the India-based digital payments company, plans to file for a new general insurance license, according to a report Sunday (May 15) from the Economic...

READ MORE >
Today in Crypto: Binance, OKX Delist LUNA and UST; International Investigators Suspect $1B Crypto Ponzi Scheme
Today in Crypto: Binance, OKX Delist LUNA and UST; International Investigators Suspect $1B Crypto Ponzi...
May 15, 2022  |  Cryptocurrency

Binance announced Friday (May 13) that it is suspending spot trading for LUNA and UST, which will be lifted when the network becomes stable. Get...

READ MORE >
Location of Terra’s Bitcoin Reserve Unknown Following Transfers
Location of Terra’s Bitcoin Reserve Unknown Following Transfers
May 15, 2022  |  Bitcoin

Billions in bitcoin, bought as a reserve by the Luna Foundation Guard (LFG), a foundation set up by the failed Terra blockchain, is now untraceable...

READ MORE >
Bezos Accuses Biden of ‘Misdirection’ on Inflation Comments
Bezos Accuses Biden of ‘Misdirection’ on Inflation Comments
May 15, 2022  |  Politics

Amazon founder Jeff Bezos said President Joe Biden was misleading after Biden tweeted that inflation could be curbed if wealthy corporations were forced to “pay...

READ MORE >
HG Vora Capital Management Offers Ryder $4.4B in Acquisition Deal
HG Vora Capital Management Offers Ryder $4.4B in Acquisition Deal
May 15, 2022  |  Acquisitions

HG Vora Capital Management, an activist investor, is eyeing the buy of fleet management and supply chain operator Ryder System, The Wall Street Journal reported...

READ MORE >