UnitedHealth Group’s Change Healthcare continues to work to restore systems and resume normal operations after a cyberattack. “The disruption is expected to last at least through the day,” the company said in an update posted Friday (Feb. 23) at 9:54 a.m. Eastern time. “We will...
As Walmart and Amazon compete for consumers’ health and personal care spending, Walmart is seeing growth — but maybe not enough to hold its lead as Amazon rapidly gains share in the category. Walmart shared in an investor presentation accompanying its fourth-quarter fiscal 2024 earnings...
Earnings season moves on, and in some cases, results underwhelmed investors — and forward-looking guidance — sending shares down significantly and the FinTech IPO Index as well. Upstart and Open Lending shares sank in the wake of reports that gave the nod to macro pressures...
Technological solutions are driving cost reductions and higher customer satisfaction at Carvana. The used car retailer has seen results from its latest innovations and is continuing to develop new ones, Carvana executives said Thursday (Feb. 22) during the company’s quarterly earnings call. For example, when sourcing...
TD Bank has launched “Tap to Pay on iPhone,” a new mobile-based payment acceptance option that aims to provide greater flexibility and convenience for business owners. This solution allows business owners to accept in-person, contactless payments using only their iPhone, eliminating the need for additional point-of-sale...
Social media platform Reddit has reportedly publicly filed for an initial public offering (IPO) with the Securities and Exchange Commission (SEC). The move comes more than two years after Reddit first filed confidentially for an IPO in December 2021, Bloomberg reported Thursday (Feb. 22). Reddit has been advised to...
Collaborative commerce firm Crisp, which provides retailers with real-time inventory data, has raised $50 million in a Series B extension round to drive its growth efforts. Existing investors including Blue Cloud Ventures, FirstMark Capital, Spring Capital and 3L participated in the round, Crisp said in a Thursday (Feb. 22) news release announcing the funding....
In a market as highly fragmented as the global jewelry industry, sourcing precious stones can be an extremely difficult undertaking for retail buyers. Jewelers typically need to contact various sellers, often with no guarantee of available stock. And even when they find what they need,...
Instagram is making it easier for brands and creators to collaborate on the platform, with the expansion of its creator marketplace to eight new markets. Since 2022, when the creator marketplace was first introduced in the United States, thousands of creators and brands have joined...
