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JPMorgan Invests in Trade Finance Firm Cleareye.AI
JPMorgan Invests in Trade Finance Firm Cleareye.AI
June 20, 2023  |  Investments

Trade finance provider Cleareye.ai has received a strategic investment from J.P. Morgan. The companies announced the investment — no dollar amount was provided — Tuesday...

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Dollar Stores See Influx of Wealthy Consumers as Inflation Persists
Dollar Stores See Influx of Wealthy Consumers as Inflation Persists
June 20, 2023  |  Retail

For wealthier Americans, there’s no longer a stigma attached to shopping at the dollar store. That’s according to a report Monday (June 19) by The...

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Boost Payment Solutions and OneSource Virtual Partner on Automated AP
Boost Payment Solutions and OneSource Virtual Partner on Automated AP
June 20, 2023  |  Accounts Payable

Boost Payment Solutions and OneSource Virtual (OSV) have partnered to fully automate invoice payments for Workday customers. This collaboration brings together OneSource Virtual’s new Invoice Pay product and the Boost...

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Consumers Chafe as Clothing Retailers Tighten Returns Rules
Consumers Chafe as Clothing Retailers Tighten Returns Rules
June 20, 2023  |  Retail

The age of easy clothing returns is coming to an end. A report Tuesday (June 20) by the Wall Street Journal (WSJ) says nonreturnable items...

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Grab Prepares for Layoffs Amid Slowing Growth
Grab Prepares for Layoffs Amid Slowing Growth
June 20, 2023  |  News

Singapore’s Grab is readying its largest round of job cuts in three years. The ride-hailing and food delivery platform announced Tuesday (June 20) that it...

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Amazon Teams With YouLend Amid Tough Borrowing Environment
Amazon Teams With YouLend Amid Tough Borrowing Environment
June 20, 2023  |  Amazon

Amazon has teamed with YouLend to help small businesses in the U.K. gain financing in a tough lending environment. The partnership between the retail giant and embedded...

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Apparel Producers Prep for Shrinking Sales as Consumers Cut Back
Apparel Producers Prep for Shrinking Sales as Consumers Cut Back
June 19, 2023  |  Retail

Clothing brands are reportedly cutting back on orders in anticipation of weakening sales. As Bloomberg News reported Friday (June 16), factory owners say they’ve seen...

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SVB Customers in Asia Still Stuck With Outstanding Loans
SVB Customers in Asia Still Stuck With Outstanding Loans
June 19, 2023  |  Banking

Silicon Valley Bank customers in Asia are reportedly facing dual headaches following the lender’s collapse. These customers had their deposits seized by the Federal Deposit...

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Report: Credit Card Delinquencies Rise as Consumers Drain Savings
Report: Credit Card Delinquencies Rise as Consumers Drain Savings
June 19, 2023  |  Credit Cards

Your card bill might read “2023,” but for credit card delinquency rates, it’s 2019. As Seeking Alpha noted in a report Monday (June 19), those rates now...

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