August 07, 2019
Why China’s SMB IOUs Spell Out Troubles Ahead
Déjà vu for IOUs — and because this is China we’re talking about, it may be the world economy that ultimately pays. First the headline numbers. The New York Times...
August 07, 2019
DeepMind AI Firm Owes £1.04bn To Owner Alphabet
DeepMind, an artificial intelligence company based in London that Google bought for £400 million ($486 million) in 2014, is deeply in debt and owes its parent company, Alphabet, upwards of...
August 07, 2019
US: Allergan to shed two drugs for AbbVie deal
Allergan has confirmed that it will divest experimental inflammatory bowel disease therapy brazikumab and marketed drug Zenpep ahead of its US$63 billion acquisition by AbbVie. Allergan announced it had decided...
August 07, 2019
Chinese Suppliers Forced To Accept IOUs
China’s economic slowdown and the increasing severity of its trade war with the U.S. has small businesses struggling to pay bills on time, The New York Times reported Tuesday (Aug....
August 07, 2019
Chinese Firms Grappling With $200B+ IOUs
The intensifying U.S. trade war with China has triggered an economic slowdown and cash shortage, with Chinese businesses forced to accept IOUs, The New York Times reported on Wednesday (Aug....
August 07, 2019
Snapchat Parent Seeks Profits As It Raises $1B In Debt...
Snap, the money-losing parent company of Snapchat, is issuing $1 billion in convertible debt for working capital and future acquisitions, CNBC reported Tuesday (Aug. 6). CEO Evan Spiegel outlined profitability...
August 06, 2019
Barneys Set To File For Bankruptcy
Sources have told The Wall Street Journal that Barneys New York is preparing to file for bankruptcy protection. Barneys, which has 13 department stores and nine warehouse stores, will have...
August 06, 2019
Weddings, The Millennial Way? There’s A Marketplace For That
Courtesy of the relationship and romance experts at PYMNTS, here is one of the few obvious statements that still manages to convey deep and eternal wisdom: Weddings are not for...
August 05, 2019
Fed Survey: Loan Standards Ease For Smaller Firms
A survey of bank officers published on Monday (Aug. 5) showed loan standards on commercial and industrial loans to both large and mid-sized firms during the second quarter of 2019...
The “Buy Now, Pay Later Tracker®,” a PYMNTS and Afterpay collaboration, brings you the latest news and research from the buy now, pay later space. It features expert analysis of changing payment trends as well as insights from top insiders within the retail and fashion industries.
Discouragement, fear and frustration stop consumers when it comes to improving their credit scores, with at least 15% either not knowing where to begin or afraid of taking on more debt. PYMNTS Intelligence’s latest study of 2,558 consumers reveals the knowledge and tools consumers need to succeed in today’s economic environment.
Read more in “The Credit Accessibility Series: Declining Purchasing Power Pushes Consumers to Improve Credit Scores,” a collaboration with Sezzle.