No more soup for the Campbell’s company. The 155-year-old Campbell Soup Company plans to drop “soup” from its corporate name, rebranding as The Campbell’s Company. More consumers are reaching for snacks and ditching ready-to-serve soups, and the company has bought up other food lines to grab them. In addition to its lineup of soups, Campbell […]
Solar and clean energy stocks rose Wednesday after Wall Street largely declared Vice President Kamala Harris the winner of the first and likely only debate before the November election. The Invesco Solar ETF (TAN) and the iShares Global Clean Energy ETF (ICLN) gained 6% and more than 3%, respectively. The benchmarks are down 24% and 7.7% this year as uncertainty […]
MoneyLion has teamed up with Nova Credit to integrate cash flow underwriting into its decisioning engine, enabling credit issuers on its platform to access more comprehensive data for evaluating consumers’ financial health. Nova Credit’s Cash Atlas™ platform will provide cash flow analytics to help lenders on MoneyLion’s platform assess credit risk by using consumer-permissioned bank […]
Wise Platform, the global payments infrastructure developed by Wise, has partnered with AbbeyCross to enhance the efficiency and transparency of international foreign exchange (FX) payments. AbbeyCross connects banks and money service businesses (MSBs) with multiple FX providers through a single platform, addressing the fragmentation and inefficiencies in cross-border payments. With Wise Platform joining the ABX Platform, users gain access […]
The Federal Reserve gets its last look this week at inflation readings before it will determine the size of a widely expected interest rate cut soon. On Wednesday, the Labor Department’s Bureau of Labor Statistics will release its consumer price index report for August. A day later, the BLS issues its producer price index report, […]
New Starbucks CEO Brian Niccol will focus on improving the chain’s U.S. business in his early days on the job before he moves to fix its issues abroad, according to an open letter published on Tuesday. ″… In some places — especially in the U.S. — we aren’t always delivering,” Niccol wrote in the open letter addressed to customers, […]
Visa (V.N), opens new tab plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant’s general manager for Pakistan, North Africa and Levant told Reuters. The comments from Leila Serhan came as Visa announced a strategic partnership with 1Link, Pakistan’s largest payment service provider, […]
Airline payments powerhouse UATP says it will offer buy now, pay later services from Klarna AB. Meanwhile, CellPoint Digital has signed Arajet, a Dominican Republic startup airline as a payments-processing client. UATP, a Washington, D.C.-based global payments network, says its new partnership with Klarna will enable airlines to offer Klarna’s BNPL payment option to customers. […]
BEIJING — China’s exports rose by 8.7% year-on-year in U.S. dollar terms in August, according to the customs agency. That was higher than the forecast for growth of 6.5% year-on-year in U.S. dollar terms, according to a Reuters poll. Imports grew by 0.5%. That was less than the expected 2% increase from a year ago […]
Palantir shares popped 14% on Monday and are trading at their highest since early 2021 after the announcement late Friday that the stock is being added to the S&P 500. Palantir is joining the index along with Dell. Palantir and Dell are replacing American Airlines and Etsy, respectively, S&P Global said in a press release. Shares of companies added to the benchmark often […]
The Saudi Central Bank (SAMA) is working on strengthening the Saudi Arabian fintech ecosystem, and in doing so, has recognised the potential of open banking. As a result, SAMA has announced the issuance of the second release under the open banking framework, focused on the payment initiation service (PIS). The new release has been issued […]
Lithic, the card-issuing technology company, is expanding its services to Canada, marking the company’s first entry into a non-US market. The announcement will see Lithic enable businesses to grow using its card programmes while allowing them to move money more easily. Furthermore, the expansion will see the card issuing firm introduce new multicurrency processing capabilities, […]
