This Week In Payments: The Digital Shift, The Rise In DTC And Big Tech Vs Capitol Hill

This Week In Payments: The Digital Shift, The Rise In DTC And Big Tech Vs Capitol Hill
This Week In Payments: The Digital Shift, The Rise In DTC And Big Tech Vs...
July 31, 2020  |  News

PayPal and Shopify reported blockbuster earnings results this week, which showed a growing shift to digital amid the pandemic. But that also raises the question:...

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Affirm Eyes Possible IPO That Could Value POS Lender At $10B
Affirm Eyes Possible IPO That Could Value POS Lender At $10B
July 31, 2020  |  IPO

Point-of-sale lender Affirm’s initial public offering (IPO) could reach as much as $10 billion through work with Goldman Sachs, according to people familiar with the...

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Amazon Crushes Earnings As Online Grocery Sales And Prime Viewership Soar
Amazon Crushes Earnings As Online Grocery Sales And Prime Viewership Soar
July 30, 2020  |  Earnings

To say that Amazon posted a good quarter on Thursday (July 30) is a bit like saying Michael Jordan had a good career. Get the Full...

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Peace Coffee Perfectly Times Its Pandemic-Fueled Growth
Peace Coffee Perfectly Times Its Pandemic-Fueled Growth
July 29, 2020  |  Retail

The retail news is full of companies that have made brilliant and sometimes dramatic pivots to catch up with the shift to Digital 3.0. But...

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Report: ByteDance Investors Might Take Over TikTok At A $50B Valuation
Report: ByteDance Investors Might Take Over TikTok At A $50B Valuation
July 29, 2020  |  International

A group of investors with a stake in TikTok’s parent company, ByteDance, are maneuvering to take over the controversial social-media app, valuing it at roughly...

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eBay CEO Shares Growth Plan As Company Profits From Digital Shift
eBay CEO Shares Growth Plan As Company Profits From Digital Shift
July 28, 2020  |  Earnings

The newly stripped-down eBay held its first earnings call on Tuesday (July 28) since announcing plans to sell its classified-ad business to Adevinta for $9.2...

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Democrats, Republicans Feud Over Newest Stimulus Plan
Democrats, Republicans Feud Over Newest Stimulus Plan
July 28, 2020  |  Economy

Unlike the CARES Act, which passed Congress in March with bipartisan support to deliver $2 trillion in economic relief to the country, this time Republicans...

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Average Age Of US Vehicles Nears 12 Years
Average Age Of US Vehicles Nears 12 Years
July 28, 2020  |  Retail

Americans seem to be holding onto their cars for longer periods of time. Research from IHS Markit shows that the average age of “light vehicles” in...

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McDonald’s Q2 Revenues Fall By Nearly One-Third
McDonald’s Q2 Revenues Fall By Nearly One-Third
July 28, 2020  |  Earnings

McDonald’s said on Tuesday (July 28) that its revenue fell 30 percent for the second quarter of 2020 compared to the same period in 2019, according...

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