Q2

Capital One Sees Charge-Off Rates Reaching Pre-Pandemic Levels
Capital One Sees Charge-Off Rates Reaching Pre-Pandemic Levels
July 20, 2023  |  Earnings

Consumers are spending more on their cards — and delinquency rates are creeping up. To that end, Capital One’s company materials show that the allowance for losses...

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Truist Digital Transactions Surge 9% as Zelle Grows Double Digits
Truist Digital Transactions Surge 9% as Zelle Grows Double Digits
July 20, 2023  |  Earnings

Truist posted second-quarter results that show continued adoption of digital channels for mobile banking — and a stabilizing of deposit flight seen earlier in the...

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As Goldman Retreats From Retail, Consumer Loan Charge-Offs Hit 5.8%
As Goldman Retreats From Retail, Consumer Loan Charge-Offs Hit 5.8%
July 19, 2023  |  Earnings

Goldman Sachs’ retreat from Main Street banking continues — and the second quarter results showed the lingering impact. While Wall Street may be parsing the...

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DraftKings Hits 52-Week High Based on Projected Profitability
DraftKings Hits 52-Week High Based on Projected Profitability
July 10, 2023  |  Connected Economy

Shares of DraftKings soared to a 52-week high Monday (July 10). The Boston-based firm’s projected profitability on an adjusted EBITDA basis took the stock up...

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Mytheresa Sees Widening Gap Among Luxury Shoppers
Mytheresa Sees Widening Gap Among Luxury Shoppers
February 23, 2023  |  Retail

For Mytheresa, the high-end retail segment is diverging. This, as the newly listed luxury brand marketplace says it sees a difference between what it calls...

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Equipifi, Q2 Team to Offer BNPL to Digital Bank Customers
Equipifi, Q2 Team to Offer BNPL to Digital Bank Customers
November 01, 2022  |  BNPL

FinTech equipifi has launched an integration with Q2’s digital banking platform, offering Q2’s customers access to its buy now, pay later (BNPL) solution. According to...

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Zuckerberg Doubles-Down on Costly Metaverse Bet as Stock Slumps to 7-Year Low
Zuckerberg Doubles-Down on Costly Metaverse Bet as Stock Slumps to 7-Year Low
October 26, 2022  |  Meta

Another quarter, another huge earnings miss, another massive profit slide, and another nearly 20% drop in Meta’s share price. And there’s the metaverse right in...

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Surging Cross-Border Payment Volumes Reflect Rise of Multinational D2C Sellers
Surging Cross-Border Payment Volumes Reflect Rise of Multinational D2C Sellers
August 16, 2022  |  Cross-border Payments

The continued eCommerce shift has merchants — especially larger ones — pivoting to sell their products directly to consumers (D2C). In that model, they’re eschewing...

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Planet Fitness Adds 3.3M Teens Via High School Summer Enrollment Program
Planet Fitness Adds 3.3M Teens Via High School Summer Enrollment Program
August 09, 2022  |  Retail

A Planet Fitness program that allowed teens to work out for free at the company’s gyms during the summer drew 3.3 million participants.  The number...

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