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SoFi Technologies is looking to fund additional business opportunities with an underwritten public offering of $1.5 billion of shares of its common stock.
The digital financial services company also plans to grant the underwriter a 30-day option to purchase as much as an additional 15% of the shares of common stock offered in the offering, it said in a Thursday (Dec. 4) press release...
Apple announced some executive transitions Thursday (Dec. 4), saying two executives are preparing to retire.
Lisa Jackson, vice president for environment, policy and social initiatives, will retire in late January 2026, while Kate Adams, general counsel, will retire in late 2026, Apple said in a press release.
Before her retirement, Adams will begin overseeing the government affairs...
Prediction market Polymarket said Wednesday (Dec. 3) that it has begun rolling out its U.S. app.
The move came nearly four years after the company was shut out of the American market by the Commodity Futures Trading Commission (CFTC) and about three months after a no-action letter from the CFTC gave it a regulatory green light to re-enter the market.
“Against all odds. Polymarket’s U.S...
Target is reportedly testing new ways to provide next-day delivery.
The new models the retailer is testing include shifting fulfillment from busy stores to ones that are less busy, opening a new facility focused on overnight deliveries, and having gig workers handle some deliveries, the Wall Street Journal reported Thursday (Dec. 4).
When Target began having stores that were less busy...
N3XT has launched as a fully blockchain-powered bank designed to enable clients to make instant, programmable B2B payments in U.S. dollars at any hour, on any day.
The bank operates globally under a Wyoming Special Purpose Depository Institution charter, is a full-reserve bank with every dollar of deposits backed one-to-one by cash or short-term U.S. Treasuries, and publishes its...
A trio of labor reports, spanning government, private sector data and PYMNTS Intelligence findings, shows that uncertainty is rising among hourly workers even as their spending continues.
Jobless claims are at a three-year low, but companies are planning more cuts, and wages for the 60 million workers who make up the Labor Economy have slipped.
PYMNTS Intelligence’s Wage to Wallet...
Listed spot cryptocurrency products will begin trading for the first time in U.S. federally regulated markets on Commodity Futures Trading Commission-registered futures exchanges.
“You can now trade listed spot crypto on CFTC exchanges,” CFTC Acting Chairman Caroline D. Pham wrote in a Thursday (Dec. 4) post on social platform X. “We’re working smarter and faster to protect Americans...
The defining retail battle of the 21st century has been around who controls the flow between click and doorstep. This has made the real competition less about shelves and inventory, and more about operational networks and their nodes.
Networks that retail giants like Amazon and Walmart are increasingly looking to build in-house and own themselves, as the Tuesday (Dec. 4) news that...
Visa is attempting to help Syria build a digital payments ecosystem and integrate into the global digital economy.
The company formed a partnership with the Central Bank of Syria and financial authorities and institutions, and it will launch operations in the country to support a phased digitization plan, according to a Thursday (Dec. 4) press release.
Visa will work with licensed...
Middle-market business-focused finance platform Flex raised $60 million in Series B funding.
Flex’s annualized total payments volume has grown from $1 billion to $3 billion this year, according to a Thursday (Dec. 4) press release.
“Traditional FinTech platforms have focused either on micro-businesses or sophisticated enterprises,” the release said. “Flex serves the segment in between—...