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“# Robinhood shares tank 10% after crypto revenue falls by three quarters ” Robinhood shares (HOOD) have fallen sharply on the back of the firm’s Q3 results which posted lower than expected crypto trading revenue. The popular retail trading firm published its Q3 report on Oct. 26, with crypto accounting for $51 million (19%) of…
“#ABC Carpet & Home is being acquired by a Persian rug dealer” After dozens of prospective buyers kicked the tires at bankrupt ABC Carpet & Home, the iconic New York City retailer is being sold to a consortium of investors that deal in Persian rugs, The Post has learned. A Friday auction was canceled because…
“#’Squid Game’ costume sees spike in Vans white slip-on shoes” White slip-on shoes are becoming a hot commodity thanks to the wildly popular South Korean survival drama “Squid Game,” with sneaker maker VF Corp reporting a small increase in demand for its Vans brand. The series, which became a global sensation and the No.1 program…
“# PayPal logs its largest Bitcoin volume since May BTC price crash ” Bitcoin (BTC) trading volumes on global payment service provider PayPal reached $145.60 million on Oct. 20, just as the benchmark crypto rallied toward its record high near $67,000. The latest spike in volumes came out to be the highest since the May…
“# Robinhood crypto wallet waitlist hits 1 million people ” More than 1 million people are on the waitlist for Robinhood’s long-awaited crypto wallet according to CEO Vlad Tenev Speaking to Jim Cramer during CNBC’s Disruptor 50 summit on Oct. 21, Tenev stated that was very “proud” of Robinhood’s progress in crypto, as he highlighted…
“#Lizzie Tisch’s new NYC store is a funky fashion emporium” Philanthropist and entrepreneur Lizzie Tisch is bringing downtown to uptown, transforming the old Cartier boutique on NYC’s Madison Avenue into a modern-day cabinet of curiosities. Like the centuries’ old rooms that housed wondrous and exotic objects, the LTD by Lizzie Tisch store features whimsical clothing…
“#Resilient shoppers push retail sales higher in September” Americans continued to spend at a solid clip in September even while facing sticker shock in grocery aisles, car lots and restaurants as snarled global supply chains slow the flow of goods. Retail sales rose a seasonally adjusted 0.7% in September from the month before, the U.S….
“#The rise of Afterpay: The bite-sized retail therapy our pandemic-weary populace doesn’t need” Point-of-sale financing companies Afterpay, Splitit and Sezzle have found their moment during the pandemic, as Canadians turn to online shopping for a quick hit of dopamine With full COVID vaccination rates reaching the 63 per cent mark in August, Canadians have a…
“# Alibaba to ban crypto miner sales amid Chinese crackdown ” Chinese e-commerce giant Alibaba is the next company to wrap its cryptocurrency-related services in response to the ongoing crypto crackdown in China. Alibaba officially announced Monday that its platform will prohibit sales of cryptocurrency miners and suspend categories for blockchain miners and accessories from…
“#Amazon department stores to get high-tech dressing rooms: report” Amazon’s plans to open department stores include the installation of high-tech dressing rooms, as well as an app that tells sales associates which items to pick for customers to try on. The stores, which are slated to open next year in San Francisco and Columbus, Ohio,…