News

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Peloton’s ‘Exhausting’ Turnaround Faces Uphill Shift From Bikes and Treadmills to App

Peloton’s ‘Exhausting’ Turnaround Faces Uphill Shift From Bikes and Treadmills to App
Peloton’s ‘Exhausting’ Turnaround Faces Uphill Shift From Bikes and Treadmills to App
May 10, 2022  |  Retail

Shares of Peloton slumped to a new low Tuesday morning (May 10) after the embattled connected fitness company posted a $750 million loss and said...

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Auto eTailer Vroom Names New CEO As eCommerce Sales Spike
Auto eTailer Vroom Names New CEO As eCommerce Sales Spike
May 10, 2022  |  Earnings

Online used car buying and selling platform Vroom has named Thomas Shortt as its new CEO as part of a business realignment plan that’s focused...

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South Korea’s Asset Management FinTech Akros Lists on NYSE
South Korea’s Asset Management FinTech Akros Lists on NYSE
May 10, 2022  |  artificial intelligence

Asset management FinTech startup Akros Technologies is listing an exchange-traded fund (ETF) powered by artificial intelligence (AI) — Akros Monthly Payout ETF — on the New York Stock Exchange...

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SaaS Platform Paddle Valued at $1.4B Following $200M Series D
SaaS Platform Paddle Valued at $1.4B Following $200M Series D
May 10, 2022  |  Investments

British Software-as-a-Service (SaaS) payments infrastructure platform Paddle has raised $200 million in a Series D funding round that values the company at $1.4 billion, according...

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Designer Brands Unveils Immersive ‘Warehouse Reimagined’ Concept
Designer Brands Unveils Immersive ‘Warehouse Reimagined’ Concept
May 10, 2022  |  Retail

Designer Brands Inc., the parent company of shoe retailer DSW Designer Shoe Warehouse, joined the immersive, experience-based retail trend with the debut of its Warehouse...

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CFPB’s Opinion on Fair Lending Rules Could Extend to AI
CFPB’s Opinion on Fair Lending Rules Could Extend to AI
May 10, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has published an advisory opinion to affirm that banks and other lenders need to follow fair lending laws when...

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Payoneer Announces Launch of Payoneer Checkout
Payoneer Announces Launch of Payoneer Checkout
May 10, 2022  |  Payment Methods

Commerce tech company Payoneer will now offer payment acceptance for direct-to-customer (DTC) webstores with its new service Payoneer Checkout, a press release says. Get the...

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PYMNTS AM Radar: Points to Bucks; Inflation Cancellation; The Great Fizzling; Branches Go Digital; ICYMI
PYMNTS AM Radar: Points to Bucks; Inflation Cancellation; The Great Fizzling; Branches Go Digital; ICYMI
May 10, 2022  |  Economy

It’s Tuesday, May 10 and the S&P 500 — founded 67 years ago this month — is down 17% since January, Nasdaq is down 20%...

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BNPL Provider Tabby Debuts Virtual Visa Card
BNPL Provider Tabby Debuts Virtual Visa Card
May 10, 2022  |  BNPL

Dubai-based buy now, pay later provider Tabby announced Tuesday (May 10) it has teamed up with Visa to launch a virtual card. Get the Full...

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