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PYMNTS.com 02/16/2020 18:32
A warm January led to utilities dropping 4 percent for the month as Americans reduced their reliance on heat, according to The Wall Street Journal. Overall, industrial production, which is measured in factory, mining and utility output, was down 0.3 percent last month, adjusted for the season. Business investment declined in three out of four […]
PYMNTS.com 02/15/2020 04:00
In many ways, 2020’s version of New York Fashion Week was much like any other year. Designers, models, fashionistas and social media luminaries descended on the city for a series of shows by the biggest names in design, aiming to let the world know what will be “in” this year, and what is “out.” For […]
PYMNTS.com 02/14/2020 18:14
To help businesses, communities and retail clients impacted by COVID-19, or the coronavirus, Asian financial services group DBS said in an announcement that it will roll out liquidity relief, among other measures. The bank said it will offer a “six-month principal repayment moratorium” for small to medium-sized business (SMB) property loans. In addition, it will […]
PYMNTS.com 02/14/2020 17:45
There’s not much argument against self-checkout systems as a means of improving the customer experience. But at least a temporary blowback to the technology has begun, some of which has landed the issue in court and some of which has led Walmart and other retailers to rethink how it is used. According to a report […]
PYMNTS.com 02/14/2020 17:40
Both factory output and a key measurement statistic for retail sales were down in January, signaling a slow start to the economy this year, according to a report by Bloomberg. Output for manufacturing was down 0.1 percent from December, mostly due to Boeing halting production of its 737 Max plane. The control group of retail […]
PYMNTS.com 02/14/2020 16:07
The Mobile World Congress (MWC), one of the world’s largest tech shows that features over 100,000 participants each year, has been canceled due to fears over the Coronavirus. Organizers are now asking that the tech community absorb some of the financial hit, according to a report by Bloomberg. The decision to cancel the event was […]
PYMNTS.com 02/14/2020 15:49
Valentine’s Day is rooted in love, in goat skins and fertility (go look it up). For retailers, perhaps especially those luxury goods sellers weathering the storm of the coronavirus, Friday (Feb. 14) is and will be a day where the chimes of registers at brick-and-mortar checkouts and online signal the late stragglers toward romance and […]
PYMNTS.com 02/14/2020 15:34
Facebook has connected with Sequoia Capital India’s Surge accelerator initiative to roll out the fourth version of the VC Brand Incubator program in India, Deal Street Asia reported. The social media company started the VC Brand Incubator in June 2019 to support small and medium-sized businesses (SMBs) in India by working with venture capital funds. The […]
PYMNTS.com 02/14/2020 15:00
In today’s top news, at least four Puerto Rico government agencies were targeted in a $4 million online scam, and India’s court hit pause on their antitrust investigation into Amazon and Flipkart. Also, Flywire raised $120 million and acquired Simplee Healthcare. Puerto Rico Falls Prey To $4M Online Fraud At least four Puerto Rico government […]
PYMNTS.com 02/14/2020 13:34
Restaurant management platform Toast unveiled a $400 million Series F funding round led by Bessemer Venture Partners, Greenoaks Capital, Tiger Global Management and TPG. Also participating were TCV, Durable Capital Partners LP, G Squared, Light Street Capital, Alta Park Capital, funds and accounts advised by T. Rowe Price Associates, among others, according to an announcement […]

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