Editor’s Picks

US Personal Income Down, Spending Up In June

US Personal Income Down, Spending Up In June
US Personal Income Down, Spending Up In June
July 31, 2020  |  Economy

Disposable personal income fell by 1.4 percent in June to $255 billion while personal spending increased $738 billion, a nearly 6 percent rise, according to the...

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Neiman Marcus Nears End Of Bankruptcy
Neiman Marcus Nears End Of Bankruptcy
July 31, 2020  |  Retail

Neiman Marcus could exit Chapter 11 in time for holiday shopping. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Report: ABG May Buy Bankrupt Ann Taylor Parent Firm Ascena
Report: ABG May Buy Bankrupt Ann Taylor Parent Firm Ascena
July 31, 2020  |  Retail

Authentic Brands Group (ABG), the New York-based brand management company, could be the latest potential buyer of Ascena Retail Group, the recently bankrupt parent firm...

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US Lawmakers Seek Investigation Of Zoom And TikTok’s China Ties
US Lawmakers Seek Investigation Of Zoom And TikTok’s China Ties
July 31, 2020  |  Cybersecurity

Two members of Congress asked the U.S. Department of Justice (DOJ) Thursday (July 30) to investigate Zoom Video Communications Inc., the video technology company, and...

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China Regulator Considers Antitrust Probe Of Alipay, WeChat Pay
China Regulator Considers Antitrust Probe Of Alipay, WeChat Pay
July 31, 2020  |  Digital Payments

China’s State Council’s Anti-Monopoly Commission is considering investigating Alipay and WeChat Pay, two of the county’s biggest online payment and money transfer platforms, Reuters reported....

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Affirm Eyes Possible IPO That Could Value POS Lender At $10B
Affirm Eyes Possible IPO That Could Value POS Lender At $10B
July 31, 2020  |  IPO

Point-of-sale lender Affirm’s initial public offering (IPO) could reach as much as $10 billion through work with Goldman Sachs, according to people familiar with the...

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Big Tech CEOs Didn’t Win Over Congress At Hearing
Big Tech CEOs Didn’t Win Over Congress At Hearing
July 30, 2020  |  ANTITRUST

The big day finally came — the CEOs of Amazon, Apple, Facebook and Google‘s parent, Alphabet, sat in front of lawmakers (at least virtually) and...

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Instacart Plans To Lay Off Some Of Its Shoppers
Instacart Plans To Lay Off Some Of Its Shoppers
July 30, 2020  |  Retail

Select part-time Instacart workers who are in-store shoppers are having their positions cut due to at least two of the company’s partners — Sprouts and...

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