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Adidas Scales Back Its Financial Outlook for the Year
Adidas Scales Back Its Financial Outlook for the Year
July 27, 2022  |  Retail

Footwear giant Adidas announced Tuesday (July 26) that it’s adjusting its outlook for this year downward, citing a slower-than-expected recovery across Greater China since the...

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Worldpay, TossPayments Partner on South Korea eCommerce Expansion
Worldpay, TossPayments Partner on South Korea eCommerce Expansion
July 27, 2022  |  eCommerce

FinTech FIS announced in a Wednesday (July 27) press release that its Worldpay service is now available in the fast-growing South Korean market. Get the...

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Skechers Says Growing Consumer Demand for ‘Affordable Comfort’ Drives Record Results
Skechers Says Growing Consumer Demand for ‘Affordable Comfort’ Drives Record Results
July 27, 2022  |  Retail

The world’s third-largest athletic footwear company, Skechers, said strong consumer demand for affordable comfort drove record quarterly sales results at a time when both of...

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European Banking Authority Chair Needs Staff to Govern Crypto
European Banking Authority Chair Needs Staff to Govern Crypto
July 27, 2022  |  Cryptocurrency

European Banking Authority (EBA) Chair José Manuel Campa is worried about being able to find enough talent to govern and enforce the mandates around cryptocurrency...

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Apple’s Move Into BNPL Space Triggers Alarm at CFPB
Apple’s Move Into BNPL Space Triggers Alarm at CFPB
July 27, 2022  |  Apple

Apple’s move into the buy now pay later (BNPL) space has the attention of Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), who...

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Activist Investor Elliott Management Now Has Stake in PayPal and Pinterest
Activist Investor Elliott Management Now Has Stake in PayPal and Pinterest
July 26, 2022  |  Investments

Activist investor Elliott Management has reportedly taken an undisclosed stake in PayPal, The Wall Street Journal reported Tuesday (July 26) night, citing unnamed sources familiar...

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Data May Show US Economy Shrank for Second Straight Quarter
Data May Show US Economy Shrank for Second Straight Quarter
July 26, 2022  |  Economy

With the possibility of a Thursday (July 28) report showing the U.S. economy shrank for the second straight quarter, the Biden administration is getting in...

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Today in Crypto: U.S. Treasury Probes the Exchange Kraken Over Iran Sanctions; Central African Republic’s New Digital Coin Gets Few Buyers
Today in Crypto: U.S. Treasury Probes the Exchange Kraken Over Iran Sanctions; Central African Republic’s...
July 26, 2022  |  Cryptocurrency

Some U.S. senators are trying to make it simpler for U.S. citizens to track taxes when buying or selling crypto with a new bill. Get...

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Shopify Cutting 10% of Global Workforce
Shopify Cutting 10% of Global Workforce
July 26, 2022  |  eCommerce

Canadian eCommerce company Shopify is slashing 10% of its global workforce or roughly 1,000 people, The Wall Street Journal reported on Tuesday (July 26) citing...

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