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Forever 21 is reportedly planning to open some brick-and-mortar stores in China and is seeking a partner with which it can relaunch in the United States.
The fast fashion brand is doing so after ending three previous attempts to enter the China market and after saying in March that it was filing for bankruptcy and winding down its U.S. operations, Reuters reported Thursday (Aug. 28...
The stablecoin sector is focused on trading breakthroughs for maturation.
At their core, stablecoins were engineered to solve the volatility problem that plagues cryptocurrency, offering a proxy for fiat currencies that can travel frictionlessly across borders and rails. Yet their integration into mainstream finance has for years been held back by regulatory ambiguity, technological...
Earnings season has offered up a snapshot of the sweeping impact buy now, pay later (BNPL) payments are making in commerce, as they are now firmly mainstream, and are gaining omnichannel scale as consumers increasingly use BNPL both online and at physical stores.
Rounding up some of the metrics and comments from earnings releases and conference calls reveals the extent of the trend.
No...
As the de minimis exemption came to an end Friday (Aug. 29), postal services around the world suspended shipments to the United States or made changes to comply with new U.S. customs requirements.
In a roundup article posted Friday, Reuters reported that several of the postal services said they were taking these actions because it was unclear how U.S. customs authorities would...
HSBC has disclosed a leadership transition in its U.S. operations.
Lisa McGeough stepped down from her role as president and CEO of the United States and U.S. head of banking “to pursue new opportunities outside HSBC,” the bank said in a Friday (Aug. 29) filing with the Securities and Exchange Commission (SEC).
“She leaves with our best wishes and thanks for her many contributions...
Walmart is offering support at an event and a dedicated office to encourage U.K. and European businesses to use its online marketplaces to sell to customers in the Americas.
The company is promoting to these businesses its marketplaces in the U.S., Canada, Mexico and Chile, according to a Friday (Aug. 29) press release.
Walmart will host a UK Walmart Seller Summit in London on Sept. 9...
Liberis and Elavon partnered to deliver a funding solution for small businesses across the United States.
The new Quick Capital solution is powered by Liberis’ embedded finance platform and Elavon’s merchant portal for payment processing solutions and services, the companies said in a Tuesday (Aug. 26) press release.
With this combination, eligible small businesses can access revenue-...
All eyes were on the latest Personal Consumption Expenditures data Friday (Aug. 29) as a read-across for when the Federal Reserve may cut interest rates.
But the information also details pressures on consumers navigating a balancing act in terms of spending and saving: While incomes, and particularly disposable income, are on the rise, spending is outpacing that gain. But when...
Artificial intelligence-related products led Alibaba Group’s gains during a quarter in which the global technology company earned double-digit year-over-year revenue growth across its businesses.
Overall, during the quarter ended June 30, Alibaba reported year-over-year revenue growth of 2%, or 10% when revenue from two businesses it sold over the past year is excluded, according to a...
It’s no secret the Trump Administration loves bitcoin and crypto. And as news this week from the Department of Commerce shows, that enthusiasm is now spilling over across the rest of the government.
On Thursday (Aug. 28), the Commerce Department announced that it will begin posting real gross domestic product (GDP) data on blockchain, beginning with the July 2025 data, to the following...