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Ulta Beauty has built a fan following by making cosmetics accessible to the everyday shopper: It stocks not only premium brands but also mass-market cosmetics.
This understanding that consumers buy both high-end and mass brands in cosmetics has propelled the U.S. retailer’s growth. It boasts more than 38 million loyalty program members, over 1,300 U.S. stores in every state and seven million...
The Consumer Financial Protection Bureau (CFPB) has faced an unprecedented period of upheaval since the transition from the Biden to the Trump administration in January 2025, culminating with Friday’s move to rescind Rule 1033. Below is a detailed timeline highlighting the key events, regulatory rollbacks, legal battles and the current uncertain status of the agency.
Late 2024 – January 2025:...
Artificial intelligence logistics software startup Pallet raised $27 million in a Series B funding round led by General Catalyst, according to a Tuesday (May 27) press release.
Logistics is an $11 trillion global industry, but it runs on legacy software and manual processes, General Catalyst said in a company blog post Tuesday. The industry is responsible for moving more than 20 billion tons of...
The parent of Chinese eCommerce giant Temu said tariffs helped eat into its quarterly profits.
PDD Holdings attributed this 38% year-over-year decline in the first quarter of 2025 to a variety of factors, as it released its earnings report Tuesday (May 27).
For example, Chairman and co-CEO Lei Chen said during an earnings call that there has been an intensification of competition in China’s...
Ahead of the long weekend, and amid the swirl of headlines that have seemingly centered on “all tariffs all the time,” it may have been easy to overlook the steady march of legislation that moves through Congress.
To that end, the House Financial Services Committee late last week advanced several bills out of committee — which move them closer to a vote in the full House — and which would reshape...
Credit union service organization (CUSO) Velera appointed five continuing board members to its executive committee that helps guide the CUSO’s direction.
The members of the committee are executives of credit unions of all sizes, from across the United States, Velera said in a Tuesday (May 27) press release.
The committee’s new chair is Cathy Tierney, president and CEO of Community First Credit...
Each week, the evolution of the ongoing cryptocurrency-FinTech convergence seems to get another headline to hang its hat on.
Last week, it was the news Thursday (May 22) that J.P. Morgan Chase, Bank of America, Wells Fargo and Citigroup are exploring the launch of a jointly operated stablecoin.
This week, it is the news Tuesday (May 27) that Circle, the issuer of the USDC stablecoin, filed for an...
Worldpay has teamed with cryptocurrency bank BNVK to promote stablecoin payouts.
The partnership, announced Tuesday (May 27), will let Worldpay clients in the U.S. and Europe make stablecoin payments to customers, contractors, creators, sellers, and other third-party beneficiaries across more than 180 markets almost instantly, without having to hold or handle stablecoins themselves.
“As...
Salesforce plans to acquire Informatica in an $8 billion deal, saying Informatica’s cloud data management capabilities will enhance the agentic artificial intelligence features of Salesforce’s customer relationship management platform.
The transaction has been approved by both companies’ boards of directors and is expected to close early in Salesforce’s fiscal year 2027, subject to customary...
While Wall Street rejoiced at the U.S.-China tariff truce, small businesses have less to celebrate.
As The New York Times (NYT) reported Tuesday (May 27), these enterprises are struggling even after a drop in tariffs on Chinese imports from 145% to 30%.
“Six weeks ago, 30 percent would have shocked the world and been appalling and hard to deal with — and it is now,” said Robby Ringer, co-founder...