Nippon Steel said Friday that its proposed $14.9 billion acquisition of U.S. Steel would not result in any layoffs or plant closures as the pending deal faces opposition from President Biden and scrutiny from unionized steelworkers. Japan-based Nippon Steel, which announced the proposed acquisition in December, released a statement about...
Money is tight, food prices are soaring, and that’s turning more and more Americans to buy now, pay later options to stay afloat. Last year, some 15 million consumers — or 6.5% of the US population — reported using BNPL installment loans to pay for groceries or manage their weekly...
Stock futures were little changed on Sunday, as Wall Street awaits guidance on monetary policy from the Federal Reserve this week. Futures tied to the S&P 500 ticked up 0.1%. Dow Jones Industrial Average futures hovered near the flatline, while Nasdaq-100 futures added 0.2%. Inflation concerns have pressured stocks in recent days, with the S&P 500 set to enter...
Deutsche Bank has reduced the cash bonuses of management board members connected to last year's bungled Postbank IT integration project. Bonuses were slashed by €1.95 million over what the bank calls, in its annual report, the "unacceptable"...
GoCardless is creating a full-service bank payments provider through the acquisition of open banking business Nuapay from Australia's EML Payments in a deal worth €32.75 million. EML is selling Irish firm Sentenial - which operates under the...
The S&P 500 fell on Friday and notched its second-straight weekly loss, with technology stocks under pressure as inflation concerns remain front and center ahead of the Federal Reserve’s policy meeting next week. The broad market index lost 0.65%...
Wholesale prices accelerated at a faster-than-expected pace in February, another reminder that inflation remains a troublesome issue for the U.S. economy. The producer price index, which measures pipeline costs for raw, intermediate and finished goods, jumped 0.6% on...
Local payments platform PPRO has secured €85m (US$92.8m) in funding to pursue growth in key markets and enhance its global network of local payment methods PPRO, the local payments platform, has completed a dual-tranche funding round totalling €85m (US$92.8m). The fintech aims to use this funding to pursue its growth aims...
In an unexpected move, NatWest has announced the closure of its buy now, pay later (BNPL) service less than two years after its launch. While citing a “clear demand” from customers for BNPL products at the initial launch in 2022, the bank now revealed that their service did not have the...
LONDON — McDonald’s suffered a system failure Friday that left customers in some parts of the world unable to order food. “We are aware of a technology outage, which impacted our restaurants; the issue is now being resolved,” a McDonald’s spokesperson said. “We thank customers for their patience and apologize...
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