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Uber Sued for $312 Million by London Cab Drivers
Uber Sued for $312 Million by London Cab Drivers
May 02, 2024  |  Legal

Uber is reportedly facing a $312 million lawsuit from drivers of London’s black cabs. That suit, according to a Bloomberg news report Thursday (May 2), was...

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Initial Claims for Unemployment Unchanged, Signaling ‘Fairly Tight’ Labor Market
Initial Claims for Unemployment Unchanged, Signaling ‘Fairly Tight’ Labor Market
May 02, 2024  |  Economy

The number of initial claims for unemployment insurance held steady during the week ending on Saturday (April 27). The total of 208,000 initial claims was...

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Checkout.com and Mastercard Offer Virtual Cards for Travel Agents
Checkout.com and Mastercard Offer Virtual Cards for Travel Agents
May 02, 2024  |  B2B Payments

Checkout.com has teamed with Mastercard to offer virtual cards to online travel agents.  “As part of the Mastercard Wholesale Program, which reduces costs for travel businesses through virtual card...

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Peloton CEO Barry McCarthy Steps Down as Company Begins Restructuring
Peloton CEO Barry McCarthy Steps Down as Company Begins Restructuring
May 02, 2024  |  Personnel

Peloton Interactive has begun a search for a new CEO and announced that Barry McCarthy has stepped down as CEO, president and board director. Chairperson Karen Boone and Director Chris Bruzzo will...

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UK’s Non-London FinTechs Fight for Funding
UK’s Non-London FinTechs Fight for Funding
May 02, 2024  |  Startups

In the north of England, the Manchester area has a booming FinTech startup community. But as Bloomberg News reported Thursday, these companies are having trouble attracting...

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Fast-Food Slowdown May Mean Steeper Promotions
Fast-Food Slowdown May Mean Steeper Promotions
May 02, 2024  |  Economy

It’s been a season of slowing sales for quick-service restaurants (QSRs). That could mean these fast-food brands have to launch greater promotions to attract cost-conscious diners, Reuters...

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Small Businesses Owe $59 Billion From COVID Disaster Loans
Small Businesses Owe $59 Billion From COVID Disaster Loans
May 02, 2024  |  Loans

The Small Business Administration (SBA) loaned out $390 billion to keep companies afloat during COVID. Now, many of those small businesses say they are struggling to pay back...

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Mastercard Expands Start Path Program to Boost Payment Acceptance
Mastercard Expands Start Path Program to Boost Payment Acceptance
May 02, 2024  |  Mastercard

Mastercard has welcomed six startups to its Start Path program focused on improving payment acceptance. “The ability to accept electronic payments has been critical to...

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DoorDash Reports Record-High Orders as Consumers Seek Digital Solutions, Convenience
DoorDash Reports Record-High Orders as Consumers Seek Digital Solutions, Convenience
May 01, 2024  |  Earnings

DoorDash set new company records across several metrics in the first quarter as it continued to expand its services into new segments of the local retail...

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