News

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

Source: pymnts.com

US Tech Investors Seek Control Of TikTok
US Tech Investors Seek Control Of TikTok
July 22, 2020  |  International

If a team of U.S. tech investors get their way, they will buy TikTok, China’s popular video-sharing service, as President Donald Trump lobbies to ban...

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GOP Leader Demands Twitter CEO Testify In Antitrust Probe
GOP Leader Demands Twitter CEO Testify In Antitrust Probe
July 22, 2020  |  ANTITRUST

U.S. House Republicans want to add Twitter’s CEO to the roster of Big Tech execs scheduled to testify later this month before a congressional antitrust...

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Ackman Launches New ‘Blank-Check’ Firm As IPO Alternative For A ‘Mature Unicorn’
Ackman Launches New ‘Blank-Check’ Firm As IPO Alternative For A ‘Mature Unicorn’
July 22, 2020  |  Investments

Hedge fund billionaire Bill Ackman launched his “special purchase acquisition company” (or SPAC) on the New York Stock Exchange (NYSE) Wednesday (July 22), positioning the...

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Airlines Confront Grim Q2 As New COVID Fears Slam Travel Recovery
Airlines Confront Grim Q2 As New COVID Fears Slam Travel Recovery
July 22, 2020  |  Travel Payments

It was a bad week for airline stocks as bookings contracted on renewed coronavirus fears. PYMNTS reported earlier this week on new Transportation Security Agency (TSA) figures that travelers...

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Apple: App Store Fees Like Other Major Platforms
Apple: App Store Fees Like Other Major Platforms
July 22, 2020  |  Apple

A study supported by Apple found that the commission rates on the tech firm’s App Store are comparable to those of other major platforms, researchers...

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Nike Restructures Corporate Leadership In Digital Push
Nike Restructures Corporate Leadership In Digital Push
July 22, 2020  |  Personnel

Nike announced several changes to its senior leadership Wednesday (July 22) as it looks to accelerate digital business and simplify consumer experiences with its Consumer...

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GOP Mulls Reduced Unemployment Benefit
GOP Mulls Reduced Unemployment Benefit
July 22, 2020  |  Economy

The GOP is considering a reduced level of extra unemployment benefits through the end of the year, with only $100 extra per week as opposed...

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IRS Has Recovered 70 Pct Of Stimulus Checks Sent To The Dead
IRS Has Recovered 70 Pct Of Stimulus Checks Sent To The Dead
July 22, 2020  |  Economy

The Internal Revenue Service (IRS) and the Treasury Department have collected around 70 percent of the $1.6 billion they sent to deceased Americans by accident...

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Feds Eye Payments Processors, Phony Websites Over Fraud
Feds Eye Payments Processors, Phony Websites Over Fraud
July 22, 2020  |  Security & Fraud

The U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC) are cracking down on scams known as credit card laundering or transaction laundering,...

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