Synapse Fintech Scandal Sparks Trust Crisis, Jeopardizing Digital Banking Revolution
The collapse of Synapse, a fintech middleman, has frozen millions in customer accounts and shaken trust in digital banking. Consumers are unsure about FDIC insurance coverage and the safety of these platforms. The future of digital banking is uncertain as regulators may increase scrutiny and consumers become wary.
Jul 03, 2024 02:23 PM EDT
Car Dealerships Face Hidden Costs and Long-Term Struggles After CDK Cyberattack
Weeks after a cyberattack on a key software provider, small car dealerships are still struggling. The attack disrupted sales, service, and customer management systems, leading to lost sales, delays, and potential data breaches. The road to recovery will be long, with dealerships needing to invest in cybersecurity and regain customer trust.
Lowest July 4th Gas Prices Since 2021 Bring Economic Relief to American Households
Celebrate lower gas prices this July 4th! The national average is expected to be $3.49 per gallon, the lowest in 3 years. This offers relief for drivers planning road trips and can help offset inflation.
Rising Robusta Coffee Prices Boost Economies of Exporting Nations, Present Long-Term Challenges
The 70% surge in Robusta coffee prices is boosting economies of exporting nations like Tanzania, while posing long-term challenges such as market volatility, environmental concerns, and infrastructure needs.
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Asian shares rise ahead of Trump speech
Asian shares up, strengthened by gains on Wall Street as investors await President Donald Trump speech.
Feb 28, 2017 01:54 AM EST
Tesla Nearly Exceeds 114-Year-Old Ford's Market Value
Electric automaker is set to release its mass market car this year.
Feb 28, 2017 10:46 AM EST
Verizon Slashes Yahoo Deal Price By $350 Million
The telecommunications giant and internet pioneer signed an agreement to cut the deal by $350 million after Yahoo's image tumbled down with one hacking scandal after the other.
Feb 27, 2017 08:59 PM EST
Delta Plans to Buy Nearly Half of Aeromexico, The Country's Biggest Airline
Following the launch of its historic partnership last year, Delta announces its plans to buy nearly half of Aeromexico, which is considered the oldest and biggest Mexican airline.
Feb 28, 2017 02:39 PM EST
Swiss Watchmaker Tag Heuer Opens Flagship Store on Tmall.com
Tag Heuer launches flagship store on Tmall.com, China's largest third-party e-commerce platform for brands and retailers, in an attempt to target the internet-savvy younger generation.
Feb 26, 2017 09:29 PM EST
Nordstrom’s Quarterly Earnings Beat Expectations
US upscale department store chain posts growth in fourth quarter earnings exceeding analysts' expectations.
Feb 23, 2017 09:09 PM EST
Ralph Lauren CEO Steps Down After Creative Dispute With Founder
Stefan Larsson, President and CEO, will leave Ralph Lauren Corporation after the namesake's founder realized conflicting views on how to evolve the creative and consumer-facing parts of its business.
Feb 23, 2017 07:20 AM EST
Experts Explain Why Major Retailers Are Dropping The Trump Brand
Retail experts say the reason why retail giants like Nordstrom, Neiman Marcus and Kmart have decided to pull out the Trump brand from their stores is mostly business-related.
Feb 22, 2017 11:16 AM EST
Australia's TerryWhite Chemmart Posts Strong Half-Year Earnings
Australian pharmacy group, TerryWhite Chemmart, doubles revenue following the merger.
Feb 22, 2017 12:11 AM EST
Lenovo Third Quarter Profits Plummet
Tech company Lenovo posts a drop in its third quarter profits as it faced "sizeable" challenges in its business.
Feb 19, 2017 09:11 PM EST
Retail Spending in UK Rises Slightly in January
UK retail spending sees 1.5 percent growth year-on-year in January 2017 compared with January 2016.
Feb 19, 2017 08:12 PM EST
CBS Corp Posts 45.6 Percent Drop In Quarterly Profit
Mass media company, CBS Corporation, posts quarterly profit decrease.
Feb 15, 2017 09:11 PM EST
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