Investors and Bankers Holding Back Amid Volatility and High Rates
Investors and Bankers Holding Back Amid Volatility and High Rates
March 24, 2023  |  Banking

Investment-grade bonds, junk bonds and small business loans alike have seen little activity this month. In the wake of the March 10 collapse of Silicon...

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Thunes Raises $30 Million So Far in Ongoing Investment Round
Thunes Raises $30 Million So Far in Ongoing Investment Round
March 24, 2023  |  Investments

Thunes has raised $30 million in Series C funding for its cross-border payments solutions. The firm disclosed in a filing with Singapore’s Accounting and Corporate...

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Restaurants Incentivize Pickup Adoption With Store Credit Rewards
Restaurants Incentivize Pickup Adoption With Store Credit Rewards
March 24, 2023  |  Loyalty & Rewards

PYMNTS data reveals store credit can be a powerful driver of pickup adoption for restaurants. The Context Restaurants are looking to get more customers to...

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Credit Suisse, UBS and US Banks Reportedly Face DOJ Investigation
Credit Suisse, UBS and US Banks Reportedly Face DOJ Investigation
March 24, 2023  |  Banking

Credit Suisse, UBS and some U.S. banks are reportedly being investigated. Individuals at the two Swiss banks and the unspecified major U.S. banks were recently...

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US Treasury Says CBDCs Good for Consumers, Bad for Banks
US Treasury Says CBDCs Good for Consumers, Bad for Banks
March 24, 2023  |  CBDC

As the world’s digital transformation accelerates, money and payments are coming along for the ride. Or leading the charge, depending on who you ask. This,...

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General Mills Says Lower-Tier Brands See Trade-Down While Leaders Hold Strong
General Mills Says Lower-Tier Brands See Trade-Down While Leaders Hold Strong
March 24, 2023  |  Earnings

Reflecting on the 2008 recession, General Mills is not worried about trade-down to private label. Executives of the food giant, parent company of a range...

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Amazon/Walmart Battleground Shifts to Suppliers’ Financial Health
Amazon/Walmart Battleground Shifts to Suppliers’ Financial Health
March 24, 2023  |  Retail

For Amazon and Walmart, crafting the perfect commerce ecosystem means locking in sellers’ loyalty. Suppliers, too, to keep supply chains intact. To keep small- to...

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What a Ban on TikTok in the US Could Mean for Brands and Retailers
What a Ban on TikTok in the US Could Mean for Brands and Retailers
March 24, 2023  |  Retail

TikTok CEO Shou Zi Chew testified before the House Committee on Energy and Commerce for about five hours on Thursday (March 23). Throughout the hearing,...

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The RealReal Sharpens Focus on Consignment, Shrinks Direct Business
The RealReal Sharpens Focus on Consignment, Shrinks Direct Business
March 24, 2023  |  Retail

The RealReal is reportedly shifting resources from its direct business to its luxury consignment business. One casualty of this move is the beauty products category....

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