On a recent weekday morning, John Case heard a familiar buzzing outside his quiet suburban home in College Station, Texas. He recognized it immediately as one of Amazon’s Prime Air drones, whizzing by on its delivery route to unload small packages of batteries, vitamins and dog treats. “It sounds like a giant hive of bees,” […]
US-based healthcare-focused fintech PayZen has secured $32 million in equity and a new $200 million credit warehouse in an oversubscribed Series B round. The $32 million equity funding was led by New Enterprise Associates (NEA) and featured the “full participation of existing investors” 7wireVentures, SignalFire and Viola Group’s Viola Ventures, among others. Viola Group also […]
Apple has announced it will soon grant third-party app developers in a number of locations access to its near-field communication (NFC) contactless payment technology. The company says that starting with iOS 18.1, developers in the US, Australia, Brazil, Canada, Japan, New Zealand, and the UK will be able to offer in-app contactless transactions “from within […]
The backbone of America’s economy remains solid, despite a slowing job market, elevated interest rates and still-high inflation. Sales at US retailers unexpectedly surged in July, the Commerce Department said Thursday, rising by a solid 1% from the prior month, up from June’s downwardly revised 0.2% decline. That trounced economists’ expectations of a 0.3% gain. […]
Japan stocks led gains in Asia on Friday to notch their best week in four years, after Wall Street rallied overnight as fresh economic data eased recessionary fears. The Nikkei 225 jumped 3.64% to cross 38,000 for the first time since Aug. 1. On a weekly basis, the index was up 8.67%, its highest gain […]
The new card enables customers to earn rewards on everyday spending, which can be redeemed for gift cards on Amazon.co.uk. Amazon Barclaycard customers earn 1% rewards on all Amazon purchases, 0.5% rewards on everyday spending outside Amazon for the first 12 months, and 0.25% after that. Amazon Prime members also get 2% back from all […]
The UK-based firm has briefly stopped accepting new customers in India as it revamps its infrastructure after getting a license from the Reserve Bank of India that permits the app’s users to send more money overseas. Previously, outbound payments from India via Wise were capped at $5000 per transaction. The new licence means that Wise […]
Former President Donald Trump’s social media business is making a big bet on streaming as the rest of the company brings in shockingly little money. Even though Trump Media & Technology Group (DJT)is valued at $5 billion, the Truth Social owner revealed Friday evening it made just $837,000 in revenue last quarter. Thatmarks a 30% drop from […]
Adani Group companies shed as much as $19 billion in market value on Monday after Hindenburg Research accused the Indian market regulator probing the group of having links to offshore funds also used by Adani. Billionaire Gautam Adani’s flagship firm Adani Enterprises fell 2% in morning trade, while other companies in the group fell between […]
Checkout.com can now offer biometric authentication from Google Pay to brands that looking to increase their digital payment performance and speed up authentication for customers. By integrating with the secure payment authentication service from Google Pay, Checkout.com will offer device biometric checks like a PIN, password and facial recognition to speed up the checkout process […]
Supporting the gaming industry and developers in Quebec, Xsolla, a global video game commerce company has opened its first Canadian office in Montreal. The expansion has been made possible due to a collaboration with GameAddik, the video game advertising firm. This stemmed from the successful cross-service opportunities explored with GameAddik’s dedicated marketing solution, GameRebellion, creating a robust […]
Vice President Kamala Harris on Saturday fiercely disagreed with former President Donald Trump’s suggestion this week that U.S. presidents should have a say in the Federal Reserve’s interest rate decisions. “I couldn’t … disagree more strongly,” Harris told reporters in Arizona, referring to the Republican presidential nominee’s comments. “The Fed is an independent entity, and […]
