Silvergate’s existential crisis may give regulators the ammunition they need to keep crypto and mainstream banking separate. As reported here, Silvergate Capital said in a U.S. Securities...
The Biden administration wants congressional approval for a $1.6 billion plan tackling COVID-related fraud. The proposal, announced Thursday (March 2), would prosecute people who committed...
Kroger is leveraging consumers’ inflation anxieties to capture spending that would otherwise go to restaurants. The nation’s leading pure-play grocer said on a call with...
America’s financial watchdog says unnecessary fees are cheating retirees out of their benefits. In its latest salvo against unwanted fees, the Consumer Financial Protection Bureau...
Although they currently account for only 10 of its total portfolio of 722 physical locations under its many brands, Macy’s CEO Jeff Gennette can’t stop talking about the big...
Off-price and discount retailers are responding to an increasingly clear divide between deal chasers compared to other bargain shoppers as the opportunistic value-seeking trend has...
Activewear was a standout performer during a quarter in which American Eagle Outfitters earned its second-highest revenue. The clothing, accessories and personal care products retailer reported the...
Visa Foundation says it wants to help Africa’s underfunded female-led startups take off. Visa Foundation announced Thursday (March 2) that it would give $1 million...
Best Buy expects sales will dwindle this year as cash-strapped consumers shun big-ticket home electronics. “As we enter FY24, the consumer electronics industry continues to...