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Bankman-Fried Prosecutors Call Off Second Trial
Bankman-Fried Prosecutors Call Off Second Trial
January 02, 2024  |  Legal

Disgraced cryptocurrency wunderkind Sam Bankman-Fried will not face another criminal trial. The FTX founder, already convicted on fraud and conspiracy charges connected to the collapse of his...

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DoorDash Looks to Grow Beyond US and Beyond Restaurants
DoorDash Looks to Grow Beyond US and Beyond Restaurants
January 02, 2024  |  Delivery

DoorDash is reportedly aiming to diversify beyond meal deliveries to diners in the U.S. “The two largest areas of investment are expansion and penetration outside of the...

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Report: 25% of UK BNPL Users Hit With Late Fees
Report: 25% of UK BNPL Users Hit With Late Fees
January 02, 2024  |  Buy Now Pay Later

Nearly a quarter of British buy now, pay later (BNPL) users have been charged late fees. These fees for late repayments hit younger consumers the hardest,...

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Credit Union Groups PSCU and Co-op Solutions Close Merger Deal
Credit Union Groups PSCU and Co-op Solutions Close Merger Deal
January 02, 2024  |  Credit Unions

Credit union service organizations PSCU and Co-op Solutions say they’ve closed their agreement to combine.  Beginning Tuesday (Jan. 2), the two groups will integrate under a holding company...

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X Restores Headlines to News Links Following User Complaints
X Restores Headlines to News Links Following User Complaints
January 02, 2024  |  Social Commerce

Elon Musk’s decision to remove headlines from X’s news links was apparently short-lived. The multibillionaire social media mogul announced in October that the platform — formerly...

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FinTech KindCard Set to Purchase Banking Platform OpenTransact
FinTech KindCard Set to Purchase Banking Platform OpenTransact
January 02, 2024  |  Acquisitions

Payments FinTech KindCard says it plans to purchase banking platform OpenTransact. The company has signed a letter of intent connected to its potential acquisition of...

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iPhone’s Softer Demand Leads Barclays to Downgrade Apple
iPhone’s Softer Demand Leads Barclays to Downgrade Apple
January 02, 2024  |  Apple

Analysts at Barclays are forecasting continued weak demand for Apple’s iPhone. That forecast, and the downgrade that came with it, caused Apple’s stock to drop 3.6% Tuesday (Jan. 2),...

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CFPB Data Rules Don’t Go Far Enough, TCH and BPI Say
CFPB Data Rules Don’t Go Far Enough, TCH and BPI Say
January 02, 2024  |  CFPB

Two financial industry groups say proposed consumer financial data rules don’t go far enough. The Clearing House Association and the Bank Policy Institute submitted recommendations...

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Bankruptcy Experts Predict ‘Big Year for Insolvency’ in 2024
Bankruptcy Experts Predict ‘Big Year for Insolvency’ in 2024
January 02, 2024  |  Economy

Insolvency experts are reportedly gloomy about what 2024 will bring big companies. These firms will face continued high borrowing costs and reduced consumer spending, with tech companies...

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