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American companies are reportedly resorting to job cuts amid tariff-related uncertainty.
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More than 170 companies are expected to announce layoffs this month, Seeking Alpha reported Saturday (June 14), citing WARNTracker.com, a website that tracks cuts based on Worker Adjustment and Retraining Notification (WARN) Act notices filed by employers.
According to the report,...
Cryptocurrency exchanges Coinbase and Gemini are reportedly on the verge of being licensed in Europe.
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That’s according to a report Friday (June 13) by Reuters, which noted that the companies are reaching this milestone amid contention among European Union (EU) regulators over how quickly and easily some countries are granting such licenses.
The EU’s Markets in Crypto-...
StubHub is reportedly threatening to leave the U.K. over a proposed cap on ticket-resale prices.
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As the Financial Times (FT) reported Sunday (June 15), the British government is considering plans to limit ticket resales to their original price, or limit increases to 30%. The goal is to crackdown on scalpers charging steep prices to fans attending sporting events or...
American travelers are reportedly delaying or scaling back their vacations in an uncertain economic climate.
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As the Financial Times (FT) reported Sunday (June 15), fewer people passed through U.S. airports in the last 90 days than in the same timeframe in 2024. Air travel has begun to dip for the first time since the height of the COVID pandemic, the report added,...
The U.K.’s Metro Bank has reportedly been approached about a possible private equity takeover.
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Pollen Street Capital made an informal approach to the bank in recent weeks, the Financial Times (FT) reported Saturday (June 14), citing sources familiar with the matter.
PYMNTS has contacted Metro Bank for comment but has not yet gotten a reply.
The FT noted that Metro,...
If you hear the faint hiss of champagne corks this summer, that’s the sound of bankers limbering up for two long-anticipated debuts: Chime and Klarna. The FinTech duo is expected to test whether the initial public offering (IPO) window is really wide open or merely cracked. While we wait for their roadshows (and the requisite promotional hoodies), let’s lighten things up with a tour of the last...
Circle Internet Group CEO Jeremy Allaire reportedly said Friday (June 13) that the stablecoin issuer sees opportunities to partner with a wide range of companies.
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“It’s a tremendous opportunity as the world connects to this new form of currency on the internet,” Allaire told Bloomberg Television Friday in an interview. “We see tremendous opportunities to collaborate...
A bill that would prohibit food stores and retail establishments from refusing to accept cash payments is on its way to the New York governor’s desk after being passed both houses of the state legislature.
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The bill — S4153-A in the state senate and A7929-A in the house — aims to ensure that unbanked individuals and others can access goods and services at a time when...
With the CLARITY Act set to be considered by the full U.S. House of Representatives after being advanced by committee votes on Tuesday (June 10), members of the House Financial Services Committee issued press releases outlining their opposing views ahead of the next vote.
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The CLARITY Act (H.R. 3633) aims to establish a regulatory framework for digital assets in the U.S...
Amazon reportedly aims to boost its efforts in the healthcare field by simplifying the structure of its health business.
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The company is reorganizing Amazon Health Services into six units, CNBC reported Friday (June 13), citing its interview with Neil Lindsay, senior vice president of Amazon Health Services.
“Our leadership team has been focused on simplifying our...