The dollar lost around 2% against the Japanese yen on Thursday as the market was suddenly jolted by fresh inflation U.S. data. The yen traded at 158.55 against the U.S. dollar at roughly 3 p.m. London time after trading nearer 161.52 earlier in the session. It was the yen’s biggest daily rise since late 2022, according to Reuters. The […]
Marriott International has launched an online travel booking program designed for small- to medium-sized businesses (SMBs). The new Business Access by Marriott Bonvoy combines a suite of online booking tools with benefits and rewards from Marriott Bonvoy’s portfolio of brands, the company said in a Tuesday (July 9) press release. “Whether small- to medium-sized businesses […]
Esker has expanded its Source-to-Pay (S2P) platform to include new features focused on helping businesses comply with environmental, social and governance (ESG) regulations worldwide. These features are designed to help chief financial officers (CFOs) manage continually evolving regulatory frameworks, mitigate risk and enhance visibility, reporting and collaboration, the company said in a Tuesday (July 9) […]
Anyone out shopping for a home today knows there is still precious little for sale. The housing market is just beginning to come out of its leanest few years in history. Inventory of both new and existing homes is finally rising, but there is something suddenly strange in the numbers: The supply of newly built […]
Leading nonalcoholic brewer Athletic Brewing Company announced Tuesday it’s raised an additional $50 million in equity financing in a round led by General Atlantic. The company expects General Atlantic to “ultimately invest significantly beyond that,” Athletic CEO and founder Bill Shufelt told CNBC’s “Squawk Box” Tuesday morning. The brewer plans to use the latest investment […]
Credit cards have become embedded in the payments landscape, making it critical for every financial institution, large and small, to be involved in a way that best suits their business. However, with much of the U.S. credit card market concentrated among a few key players, many smaller banks feel they can’t compete. Credit Card Issuance […]
A reading on inflation and the start of second quarter earnings reports will greet investors after a holiday-shortened week that saw stocks close near record highs. With job growth slowing, investors will be closely watching the release of June’s Consumer Price Index (CPI) on Thursday as the case builds that the Federal Reserve could be […]
Recognizing the popularity of both travel rewards cards and digital wallets, Visa introduced its Digital Emergency Card Replacement, a new service that delivers a digital card replacement to travelers who have lost their physical credit or debit card. Digital wallets have become an essential part of the travel experience for many, with 74% of U.S. travelers now […]
LONDON — Soft drinks maker Britvic has agreed to a sweetened takeover bid of £3.28 billion ($4.2 billion) from Carlsberg, the companies said Monday. The deal agreed offered 1,290 pence per share for Britvic, with a small dividend that gives shareholders 1,315 pence per share. Britvic in June refused an improved cash takeover bid from […]
Companies that decide to list outside the UK or move valuable operations from the country should be made to pay back tax-payer funded support they have previously taken, according to a UK Finance report. In recent years, there has been a shrinking pool of companies deciding to list on UK public markets. The number of […]
Inflation is easing and the job market has returned to the “tight but not overheated” situation seen before the COVID-19 pandemic threw the U.S. economy into disarray, the Federal Reserve said on Friday in a report to Congress that documented the steady emergence of more normal conditions in the aftermath of the health crisis. “Inflation […]
Digital identification is an inevitability, as evidenced by the accelerating adoption of digital driver’s license programs across the U.S. While consumers are beginning to understand the security and convenience benefits of digital IDs, many financial institutions aren’t prepared to support the emerging technology. The Promise of Digital IDs: Reduced Fraud and Efficient ID Proofing, the new […]
