Feed Items
Auto finance platform Lendbuzz plans to go public.
The firm filed a registration statement with the Securities and Exchange Commission and intends to list its common stock on the Nasdaq Global Select Market under the ticker symbol “LBZZ,” according to a Friday (Sept. 12) press release.
Lendbuzz has not determined the amount of common stock to be offered or the price range for the...
The Federal Trade Commission is reportedly investigating the advertising practices of Amazon and Google.
In separate investigations, the regulator is looking into whether the companies properly disclosed the terms and pricing for ads placed on their websites, Bloomberg reported Friday (Sept. 12), citing unnamed sources.
Reached by PYMNTS, the FTC and Amazon declined to comment on the...
Tether plans to launch a U.S.-regulated dollar-backed stablecoin and appointed the former executive director of the White House Crypto Council, Bo Hines, to lead the effort.
The new stablecoin will be called USAT; will be designed to comply with the recently enacted U.S. stablecoin law, the GENIUS Act; and will provide businesses and institutions with a digital alternative to cash and...
Specialty apparel retailer Gap Inc. now offers Klarna’s payment options to U.S. shoppers across its four brands, including Old Navy, Gap, Banana Republic and Athleta.
When shopping online or in-app, U.S. shoppers can now access Klarna’s Pay in Full and Pay in 4 payment options, the companies said in a Thursday (Sept. 11) press release.
Pay in Full enables shoppers to pay immediately...
Finance departments have long been saddled with an unflattering reputation as the “Department of No.” To many business leaders, chief financial officers (CFOs) were seen as gatekeepers who stifled ambition with rigid budgets, risk aversion and a fixation on cost-cutting.
But across today’s business landscape, one defined by volatile markets, rapid digitization and customer expectations...
Consumer sentiment in the U.S. has taken another sharp downturn, as September’s preliminary data from the University of Michigan signals mounting anxieties over tariffs, inflation and the labor market.
This latest drop in optimism—now at its lowest point since May—highlights a growing sense of caution among American households, especially among lower- and middle-income groups, who are...
The deadline is not till Oct. 21, but ongoing public and private sector commentary on the Consumer Financial Protection Bureau’s 1033 rule reveals early contours of an intense policy debate over consumer data access.
These debates will dominate regulatory meetings and congressional hearings in the months ahead. Key disagreements over data privacy, access scope, competitive fairness and...
Microsoft and OpenAI are getting close to an agreement on the future of their partnership.
The companies said in a joint statement released Thursday (Sept. 11): “Microsoft and OpenAI have signed a non-binding memorandum of understanding (MOU) for the next phase of our partnership. We are actively working to finalize contractual terms in a definitive agreement. Together, we remain...
Rent the Runway is continuing to roll out new personalized recommendations and artificial intelligence (AI)-powered enhancements as part of a wide-ranging transformation of its fashion subscription, rental and resale platform.
The company’s changes also include improvements to inventory strategy, product innovation and connection with core customers, as well as a recapitalization plan...
Starting this summer, New Yorkers shopping online or booking rides might spot a new warning tucked beside the price: “This price was set by an algorithm using your personal data.”
The requirement, effective July 8 under New York’s sweeping new law, marks the first time a U.S. state has mandated such algorithmic pricing disclosures for businesses that personalize prices based on...