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” 75% of retailers eyeing crypto payments within 24 months: Deloitte “ Three quarters of United States retailers plan to accept crypto or stablecoin payments within the next two years according to a new survey. It also found that more than half of large retailers with revenues over $500 million are currently spending $1 million…
” Aussie banks ANZ and NAB won’t ‘endorse’ retail speculation on crypto “ Executives at two of Australia’s “big four” banks have ruled out allowing retail customers to trade cryptocurrency on their platforms, with one reasoning that customers don’t understand “basic financial well-being.” Speaking at the Australian Financial Review Banking Summit on Tuesday Maile Carnegie,…
“NYC Mayor Adams issues state of emergency to prevent baby formula price gouging” Mayor Eric Adams issued a state of emergency Sunday in hopes of curbing price gouging amid the baby formula shortage. “The nationwide infant formula shortage has caused unimaginable pain and anxiety for families across New York — and we must act with…
“Jessica Simpson scores $67M loan six months after regaining brand” Singer-turned-designer Jessica Simpson refinanced her apparel company just six months after regaining full control of the $1 billion brand. The former reality TV star scored a $67.5 million loan from Second Avenue Capital Partners – which is backed by the Schottenstein family, owner of American…
“I worked at Goodwill – why you can never find decent bargains in store anymore” As thrifting grows in popularity, you might assume the reason there are no good picks at your local Goodwill is related to how early you go, or even the day of the week. Well, a supposed ex-employee of the chain…
“Kohl’s fends off activist investor’s bid to reshuffle board” Kohl’s shareholders rejected a bid by activist investor Macellum Advisors to replace as many as 10 of its 13 directors, supporting the retailer’s current board as the company explores a sale. Hedge fund Macellum had called for 10 of the board’s 13 members to be replaced,…
” Rising global adoption positions crypto perfectly for use in retail “ Even though the cryptocurrency market seems to be going through a bit of a lull at the moment, there’s no denying the fact that the industry has grown from strength to strength over the last few years, especially from an adoption perspective. To…
“Day traders’ profits from ‘meme stock’ frenzy have been erased: report” Reddit-obsessed retail stock traders have lost all of their gains since the the pandemic began as the government stimulus that kept markets afloat comes to a screeching halt, according to a report. Retail traders have been hit the hardest by the recent downturn in…
“GameStop employee says these are the most cringe questions she gets” A TikToker is revealing some of the questions she gets asked as a female employee at a GameStop store. TikToker @ikissedsafiree said that a lot of shoppers are surprised that she works there and knows a lot about video games. Her TikTok was set to…
” Robinhood axes almost 1 in 10 staff members as stock hits all-time low “ Popular retail trading platform Robinhood has fired 9% of its workforce amid a firesale of its stock that has seen HOOD plunge to all-time lows. In the past 30 days alone, HOOD has tanked roughly 38% to sit at $9.99…