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Global FinTech platform iCapital said Tuesday (May 13) that it will acquire Citi’s indirect subsidiary, Citi Global Alternatives.
Citi Global Alternatives is the adviser to Citi Wealth’s global alternative investment fund platform, iCapital said in a Tuesday press release.
When the transaction is completed, iCapital will manage and operate the fund platform, while Citi will continue to distribute...
Restaurant and small business software startup Owner.com is now a $1 billion company.
The company announced the new valuation Tuesday (May 13) following a $120 million funding round, saying it would use the funding to create a “Shopify” for local business owners, beginning with restaurants.
“The fate of every business is being determined by its online presence. Consumers make their offline buying...
Optimism among small businesses in the United States continues to fade, thanks partly to tariffs.
The April installment of the National Federation of Independent Business (NFIB) optimism index, released Tuesday (May 13), found that sentiment among small businesses declined for the fourth straight month.
“Uncertainty continues to be a major impediment for small business owners in operating their...
In today’s artificial intelligence (AI)-driven economy, data is more than an asset — it’s a strategic imperative.
That’s the belief of Ryan Swann, Vanguard’s chief data analytics officer. In this exclusive interview with PYMNTS, Swann explains how data is at the forefront of any AI-powered digital transformation. He shares how the mutual fund giant is using data and AI not only to gain insight,...
A group of American small businesses is suing President Donald Trump over his tariffs.
These five businesses contend the president overstepped his authority in declaring a national emergency to impose the levies last month, Reuters reported, ahead of a Tuesday (May 13) hearing before the U.S. Court of International Trade in New York.
According to Reuters, the suit was brought by the nonpartisan ...
Looking for a travel-related business that’s actually booming during the year of COVID-19? It’s out on the water, in rented boats of every shape and size from kayaks to luxury yachts.
“We had our drop-off in April, and then come May we saw a very quick rebound, Bryan Petro, chief operating officer of boat rental and charter marketplace GetMyBoat, told PYMNTS. “From April [to August], we are...
In China, crypto over-the-counter (OTC) traders are being arrested in an attempt to crack down on illegal transactions, according to a report from CoinDesk.
Prominent OTC trader Zhao Dong, of crypto lending platform RenrenBit, was held up by police in the city of Hangzhou, the report says. Zhao has a prominent status among the community, and rumors online began to circulate. One poster relayed...
Two innovators approached a well-heeled investor asking for money. Their sales pitch was very convincing. They told this investor that their innovation was so incredibly cutting-edge that only the hopelessly uninformed would fail to recognize its value. The innovators said that they had picked him because he was smart and forward-thinking enough to see the potential. The investor, who prided...