Today is Monday (June 13), and bitcoin and other cryptocurrencies are feeling the heat from the ongoing inflation and expected interest rate hike. Plus, Walmart SuperCenters are focusing on clothing and home décor and U.K. regulators are pumping up the volume on Credit Suisse. Here’s what should be on your radar this morning.
Want Tech With That? Restaurants have to remain one step ahead of their customers when it comes to how they handle marketing and ordering. This month’s Order To Eat Tracker® tells you how they do it—and what’s next. READ MORE
Credit Suisse Feels the Heat. Credit Suisse joined an exclusive club it wished it hadn’t been selected for when the U.K. Financial Conduct Authority put the bank on a watchlist of about 20 companies needing tougher supervisions, a Financial Times (FT) report says. The FCA says Credit Suisse may not have done enough to “improve its culture, governance and risk controls”after “persistent” cultural issues like a lack of internal challenges for risky transactions in the past two scandal-plagued years. READ MORE
Walmart Going High-End. The largest retailer in the U.S. will open 30 new Walmart SuperCenters in the next year that include more high-end clothing and décor as part of a push to attract new customers. The new SuperCenters will have dressed-up mannequins, new furniture and swimsuits and store signs promoting exclusive brands, but each location will have different offerings. READ MORE
Bitcoin’s Bad Weekend. Bitcoin’s price fell below $25,000 for the first time in a long time and could be headed for an even deeper trough amid ongoing inflationary pressures and the likelihood of higher interest rates by the U.S. Federal Reserve. READ MORE
ICYMI. Your favorite airline is probably introducing a travel subscription service — just in time for the summer travel season that should be the busiest in years. READ MORE
And Apple has finally relented and will allow outside payment methods on Dutch dating apps. READ MORE
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