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As the June 18 deadline for bidding on the remaining assets of Rite Aid nears, the potential buyers who are looking them over reportedly include pharmacy chain Walgreens, reality star turned entrepreneur Kourtney Kardashian, consumer-focused private equity firms, and three brand management companies: Authentic Brands Group, WHP Global and Marquee Brands.
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A bankruptcy...
The Consumer Financial Protection Bureau’s funding and foundations are hotly debated on Capitol Hill and in courtrooms.
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As the agency itself has been walking back, or outright canceling, its own rulemaking, there’s a flurry of activity at the state level where lawmakers and attorneys general are, in effect, stepping in for the bureau, levying lawsuits and legislation...
Global Payments has begun rolling out point-of-sale (POS) software designed for small and medium-sized retail businesses.
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The Genius for Retail solution will initially be available in the U.S. and will then launch in other geographies throughout the year, the worldwide provider of payment technology and software solutions said in a Tuesday (June 10) press release....
The B2B space barely had time to wrap its head around generative artificial intelligence (GenAI) before the next iteration, agentic AI, arrived. And if GenAI jolted the B2B world with its ability to produce language, content and code at scale, agentic AI ups the ante.
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These new systems are not just capable of completing tasks; they’re able to take initiative. From...
Wells Fargo reportedly expects consumer loan growth in the United States to remain flat or potentially decrease through the end of the year.
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“I wouldn’t expect large growth on the consumer side in any way, potentially even a net decline,” Wells Fargo Chief Financial Officer Mike Santomassimo said Tuesday (June 10) at the Morgan Stanley U.S. Financials Conference,...
Tax compliance company Sovos launched a partnership with eCommerce platform Shopify.
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The companies launched Shopify Tax automated filing, a feature that automates the preparation, filing and remittance of sales tax returns for Shopify merchants, according to a Tuesday (June 10) press release. It’s available now for merchants in the United States using Shopify Tax.
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At least three exchange-traded fund (ETF) issuers filed ETFs related to Circle Internet Group (CRCL) in the days after the stablecoin issuer’s Thursday (June 5) initial public offering (IPO).
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These filings reached the Securities and Exchange Commission (SEC) on Friday (June 6) and Monday (June 9), Bloomberg reported Tuesday (June 10). They included the Bitwise CRCL...
The Securities and Exchange Commission wants to ease restrictions governing decentralized finance (DeFi) platforms.
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Speaking to DeFi experts during the “DeFi and the American Spirit” roundtable Monday (June 9), SEC Chairman Paul Atkins said industry developers should not be blamed for how their tools are used, according to a transcript of his remarks.
“Many...
Construction industry procurement platform Remarcable has raised $15 million in new funding.
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The company’s Series A round, led by Insight Partners, will help Remarcable expand its platform’s capabilities, onboard additional suppliers and invest in artificial intelligence (AI) tools to streamline construction workflows, according to a Tuesday (June 10) news release.
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OpenAI and Google reportedly finalized a deal in which OpenAI will tap Google’s cloud service for additional computing capacity to train and run its artificial intelligence (AI) models.
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The companies had been discussing a deal for months but had been unable to sign it until an agreement that made Microsoft OpenAI’s exclusive data center infrastructure provider ended in...