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 […]
European Union inspectors visited Tesla Giga Shanghai to determine individual duty rates for the company amid Europe’s provisional tariffs on electric vehicle (EV) imports from China. On July 5, 2024, the Commission’s provisional tariffs on China-made EVs took effect. The EU member states have four months to discuss the European Commission’s provisional tariffs and implement […]
Federal Reserve officials at their June meeting indicated that inflation is moving in the right direction but not quickly enough for them to lower interest rates, minutes released Wednesday showed. “Participants affirmed that additional favorable data were required to give them greater confidence that inflation was moving sustainably toward 2 percent,” the meeting summary said. […]
As Walmart and Amazon leverage their paid membership programs to drive loyalty, the former is seeing millennials prove to be the most eager to subscribe. By the Numbers “Walmart+ Week 2024,” a new PYMNTS Intelligence report, digs into consumer trends regarding subscriptions and purchases during Walmart+ Week, drawing on a survey of more that 7,700 respondents in late June. […]
The Synapse bankruptcy case had another court hearing on Wednesday (July 3), this one with consumers testifying to their financial losses and another status report filed by trustee Jelena McWilliams. In an “urgent” supplement to her fourth status report, the former FDIC chair put the spotlight on a time-sensitive dispute with financial services database provider MongoDB. The trustee’s report, filed in […]
