August 07, 2024
NCR Voyix: $2.5 Billion Sale to Veritas Verifies Digital Banking’s...

Publicly traded companies are marked to market each and every day. And when quarterly results roll in, investors parse the data, the top line and the operating margins, and often...

August 06, 2024
Fed Data Shows 9.1% of Credit Card Balances Hit Delinquency...

Delinquency rates are unchanged, at least in the second quarter. But debt is still rising, indicating the pressures of recent and continued spending on credit cards, on new auto loans...

August 06, 2024
Mexico-Based Unicorn Stori Raises $212 Million to Promote Financial Inclusion

Mexican FinTech Stori says it has raised $212 million in equity and debt financing. The new funding, announced Tuesday (Aug. 6), will help Stori develop products to promote financial conclusion....

August 06, 2024
NCR Voyix Sells Digital Banking Arm for $2.5 Billion

Digital commerce firm NCR Voyix has found a buyer for its cloud-based banking business. Tech investor Veritas Capital has agreed to purchase the banking platform for $2.45 billion in cash, along with “future additional contingent consideration”...

August 05, 2024
Employment Trends Index Points to Gloomier Times Ahead for Already-Stretched...

On a day when a stock market rout promised to become a full-fledged bloodbath, and as recession fears mounted, the latest spate of economic data on employment is proving to...

August 05, 2024
Mars Eyes $27 Billion Acquisition of Snack Giant Kellanova

Family-owned packaged food giant Mars, known for its iconic candy brands such as M&M’s and Snickers, is reportedly exploring a potential acquisition of Kellanova K.N., the maker of popular snacks...

August 05, 2024
ThredUp Adds AI Tools to Fashion Resale Platform

Online fashion resale platform ThredUp introduced a suite of artificial intelligence-driven shopping tools. The new offerings include an improved search function, an enhanced image search, and the company’s new AI-powered...

August 02, 2024
The ‘Cautious Consumer’ Emerges as Sentiment and Savings Take a...

It’s commonplace to refer to the U.S. consumer as the engine that drives the country’s economy. The observation is grounded in truth, given the fact that consumer spending accounts for...

August 01, 2024
Wayfair: Home Furnishings Sales Slow to 2008 Crisis Levels

Wayfair saw its quarterly sales dip amid continued pressure on home goods consumers. “Customers remain cautious in their spending on the home, and our credit card data suggests that the category...