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Report: Telefonica Deal Puts Amazon in Europe’s 5G Market
Report: Telefonica Deal Puts Amazon in Europe’s 5G Market
May 08, 2024  |  Amazon

Telefonica Germany is reportedly moving 1 million 5G customers to the Amazon Web Services (AWS) cloud. The deal marks the first time in which an existing mobile operator is switching its main network...

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Expensify to Add Travel Features to Financial Management Platform
Expensify to Add Travel Features to Financial Management Platform
May 08, 2024  |  B2B Payments

Expensify will add travel booking and management capabilities to its financial management platform for expenses and corporate cards. The new Expensify Travel will begin rolling...

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Monzo Valued at $5.2 Billion Amid US Neobank Expansion Plans
Monzo Valued at $5.2 Billion Amid US Neobank Expansion Plans
May 08, 2024  |  Investments

U.K. neobank Monzo reportedly raised $190 million as it plans to expand overseas. The funding brings the total Monzo has raised to $610 million so far this year, valuing it at $5.2 billion,...

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iPhone Sales in China Jump 12% Following Markdowns
iPhone Sales in China Jump 12% Following Markdowns
May 08, 2024  |  Apple

Retailer discounts reportedly helped drive a roughly 12% increase in Chinese iPhone shipments in March. Shipments of foreign smartphones — most of which would have been Apple’s flagship product —...

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FTX Has Enough Cash to Repay Creditors in Full
FTX Has Enough Cash to Repay Creditors in Full
May 08, 2024  |  Cryptocurrency

Eighteen months after its collapse, FTX is ready to repay its customers in full. The cryptocurrency exchange says it has pulled together assets worth $14.5...

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Coupang: Fulfillment Service Helps Merchants Double Sales in 90 Days
Coupang: Fulfillment Service Helps Merchants Double Sales in 90 Days
May 07, 2024  |  Earnings

South Korean eCommerce giant Coupang is seeing growing adoption of its latest products and services. Its fulfillment and logistics, grocery delivery and meal delivery offerings made gains during the...

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LoanDepot Says ‘Higher for Longer’ Interest Will Keep Challenging Mortgage Industry
LoanDepot Says ‘Higher for Longer’ Interest Will Keep Challenging Mortgage Industry
May 07, 2024  |  Earnings

LoanDepot expects the mortgage industry to continue facing a challenging environment. Recent interest rate increases have reduced industry forecasts for market volumes for the year, the...

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Banks Call For Greater BNPL Reporting Transparency
Banks Call For Greater BNPL Reporting Transparency
May 07, 2024  |  Buy Now Pay Later

In recent years, buy now, pay later (BNPL) platforms have gained popularity among consumers, offering a convenient way to finance purchases through installments. However, the lack...

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Match Group Forecasts Revenue Below Analyst Estimates
Match Group Forecasts Revenue Below Analyst Estimates
May 07, 2024  |  Earnings

In a challenging market environment, Match Group, the parent company of dating apps Tinder, Hinge and OkCupid, is reportedly expecting lower than estimated quarterly revenue. The Dallas-based company has been grappling with...

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