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Payments company Shift4 acquired tax-free shopping provider Global Blue in a deal that represents about $2.5 billion in enterprise value.
Pennsylvania-based Shift4 gets access to Global Blue’s tax refund and currency conversion technology, which allows luxury and premium retailers around the world to offer tax-free shopping, according to a Tuesday (Feb. 19) press release.
In his farewell letter...
JetBlue is reportedly discussing potential partnerships with multiple airlines after judges blocked its planned purchase of Spirit Airlines in 2024 and its partnership with American Airlines in 2023.
“If we find a deal that’s accretive, we’ll absolutely do it,” JetBlue President Marty St. George said Wednesday (Feb. 19) at a Barclays conference, CNBC reported.
The airline aims to form...
Real-time lending FinTech Momnt has launched a partnership with point-of-sale financing platform ChargeAfter.
With this collaboration, home improvement contractors using the ChargeAfter platform can offer Momnt’s loan products to their customers, the companies announced Wednesday (Feb. 19).
“This partnership with ChargeAfter is a significant step in enhancing the financing options available to...
The artificial intelligence (AI) race continues to heat up with Elon Musk’s AI startup, xAI, unveiling the latest version of its AI model, Grok 3.
In an hour-long livestreamed event on X, the team said Grok 3 beats OpenAI’s GPT-4o, Google’s Gemini 2 Pro, DeepSeek’s V3, Anthropic’s Claude 3.5 Sonnet and even its own Grok 3-mini on math, science and coding benchmarks.
Training Grok 3 took double...
The rising cost of rideshare services may lead to lower demand, according to a report released Tuesday (Feb. 18) by gig worker app provider Gridwise.
The report found that the median price for rideshare services (excluding tips) rose 7.2% in 2024 after increasing by 7.6% in 2023.
“These trends reflect inflationary pressures, adjustments in base fares, and higher operational costs, including fuel...
Apple debuted its lower-cost smartphone, the iPhone 16e, Wednesday (Feb. 19), saying the product’s price starts at $599.
“We’re so excited for iPhone 16e to complete the lineup as a powerful, more affordable option to bring the iPhone experience to even more people,” Kaiann Drance, vice president of worldwide iPhone product marketing at Apple, said in a Wednesday press release.
The new model...
A pair of Senate Democrats say they want to kick DOGE out of the Consumer Financial Protection Bureau (CFPB).
The reasoning, as Bloomberg News reported Wednesday (Feb. 19), is that DOGE (the Department of Government Efficiency) staffers have ties to Elon Musk, whose still-in-the-works payments business would be regulated by the CFPB.
Senators Elizabeth Warren (D-Mass.) and Adam Schiff (D-Calif.)...
Cryptocurrency exchange Coinbase is calling on lawmakers to establish regulations for the digital asset industry.
“Blockchain technology and digital assets are reshaping the global economy, bringing opportunities for innovation, financial inclusion, and economic growth,” the company wrote on its blog Wednesday (Feb. 19). “Yet, the absence of clear legislation in the United States stifles this...
Fiverr’s fourth-quarter earnings results, released Wednesday (Feb. 19), showed traction in the company’s services business, which includes subscription-based revenues, cementing freelancers’ relationships with buyers over several months.
However, a muted macro environment persists, as noted during an earnings call, seemingly trumping better-than-expected guidance.
A shareholder letter detailed...
Lili added international wire payments to its financial platform designed for small business owners.
The company’s international wire payments solution enables its small business customers to both receive and send international payments in 27 countries across North America, Europe and Asia, Lili said in a Wednesday (Feb. 19) press release.
Lili expects to add more countries later this year,...