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NY Fed: Tough July Gives Consumers Sour Outlook On Jobs, Finances

NY Fed: Tough July Gives Consumers Sour Outlook On Jobs, Finances
NY Fed: Tough July Gives Consumers Sour Outlook On Jobs, Finances
August 10, 2020  |  Economy

Consumers in the United States began to feel a bit more pessimistic in July about their prospects, in the latest sign that the recovery from...

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Pandemic Drives Growth In Global Digital Remittances
Pandemic Drives Growth In Global Digital Remittances
August 10, 2020  |  Cross-border Payments

No matter where you look, the pandemic has put up serious barriers to economic growth – and at the same time, has forced business models...

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Today In Payments: Western Union On An M&A Hunt; Amazon, Simon In Talks To Turn Malls Into Distribution Centers
Today In Payments: Western Union On An M&A Hunt; Amazon, Simon In Talks To Turn...
August 10, 2020  |  News

In today’s top news, Western Union is looking for merger and acquisition opportunities, and Amazon and Simon Property Group are in talks to turn empty...

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Marriot Earnings Show Growth In ‘Drive-To’ Vacations
Marriot Earnings Show Growth In ‘Drive-To’ Vacations
August 10, 2020  |  Earnings

Marriott International Inc. reported on Monday (Aug. 10) that comparable dollar revenue per available room (RevPAR) plunged 84.4 percent worldwide in Q2 on a constant-currency basis. Get the...

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PayPal Vet To Lead Facebook Payments
PayPal Vet To Lead Facebook Payments
August 10, 2020  |  Facebook / Meta

Stephane Kasriel, who has served as a PayPal executive in the past, will lead Facebook Payments, David Marcus, leader of Facebook’s Novi said in a...

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Chinese Firms Scramble To Beat New US IPO Rules
Chinese Firms Scramble To Beat New US IPO Rules
August 10, 2020  |  Cross-border Payments

Chinese companies are rushing to launch U.S. initial public offerings (IPOs) before newly proposed rules that would expose the companies’ audits to scrutiny by American...

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Sur La Table Sold For $90M Post-Bankruptcy
Sur La Table Sold For $90M Post-Bankruptcy
August 10, 2020  |  Partnerships

Sur La Table Inc., the Seattle kitchenware products company that filed for bankruptcy protection last month, has sold for nearly $90 million, Bloomberg News reported. Get the Full...

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UK Authority Says Facebook’s Giphy Must Stay Independent
UK Authority Says Facebook’s Giphy Must Stay Independent
August 10, 2020  |  ANTITRUST

Facebook’s acquisition of Giphy has hit another snag, with the United Kingdom’s competition watchdog ordering the tech giant to appoint a “formal hold separate manager”...

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