US Credit Card Debt Hits All-Time High Of $930B, Delinquencies Rise
US Credit Card Debt Hits All-Time High Of $930B, Delinquencies Rise
February 12, 2020  |  Debt

Debt from credit cards hit a record high in 2019, driven by young borrowers and aggressive spending, according to The Wall Street Journal. Despite a healthy...

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Bezos Unloads Nearly $4.1B In Amazon Stock As Part Of Trading Plan
Bezos Unloads Nearly $4.1B In Amazon Stock As Part Of Trading Plan
February 12, 2020  |  Investments

Jeff Bezos, CEO of Amazon, has sold off $4.1 billion in shares of his own company in the last 11 days as part of a...

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Lyft Q4 Revenue Tops $1B, Ridership Up 23 Pct
Lyft Q4 Revenue Tops $1B, Ridership Up 23 Pct
February 12, 2020  |  Earnings

As Lyft drove innovation with enhancements to the technology that powers its platform, the ride-hailing company reported that its active riders grew 23 percent year over year to...

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Airbnb Took $322M Hit In First Nine Months Of 2019
Airbnb Took $322M Hit In First Nine Months Of 2019
February 11, 2020  |  IPO

With a potential initial public offering (IPO) on the horizon, Airbnb reportedly registered a loss in the first nine months of 2019 amid an increase in costs....

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Xero Partners With Square For Faster B2B Payments
Xero Partners With Square For Faster B2B Payments
February 11, 2020  |  B2B Payments

Cloud accounting firm Xero and payments services company Square are collaborating to offer small businesses a tool for faster invoicing and payments, according to reports...

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OnDeck Q4 Originations Dip, Instant Funding Clients Almost Double
OnDeck Q4 Originations Dip, Instant Funding Clients Almost Double
February 11, 2020  |  Earnings

OnDeck fell short of expectations with its fourth-quarter earnings report on Tuesday (Feb. 11), and the financial services firm registered a decrease in loan origination volume. Chief...

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FinCEN Tweaks Rule On Reporting Financial Transactions
FinCEN Tweaks Rule On Reporting Financial Transactions
February 11, 2020  |  Regulation

The Department of the Treasury Financial Crimes Enforcement Network (FinCEN) has issued a new ruling on the reporting of currency transactions for sole proprietorships and...

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Household Debt Exceeds $14T After 2019 Spike
Household Debt Exceeds $14T After 2019 Spike
February 11, 2020  |  Debt

Household debt in the U.S. has reached a 12-year high, rising more than $600 billion last year –the highest since right before the financial crisis...

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Zuckerberg To Meet With EU Regulators Prior To Big Tech Proposals
Zuckerberg To Meet With EU Regulators Prior To Big Tech Proposals
February 11, 2020  |  Regulation

Facebook CEO Mark Zuckerberg has scheduled meetings with European Union (EU) regulators ahead of an official proposal presentation to create a new framework for Big...

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