April 25, 2024
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Investors

Walmart Investors Expect Stiffer Competition in Grocery Sector

  • April 24, 2024

Investors reportedly expect increased competition in the grocery sector after Amazon’s announcement Tuesday (April 23) of a new grocery delivery subscription benefit. Walmart and Kroger shares declined 1.8% and 2.3%, respectively, Tuesday, in moves that UBS analyst Michael Lasser said showed that investors interpret Amazon’s announcement as a sign of greater competition, Seeking Alpha reported Wednesday (April 24). The new Amazon program offers a delivery

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Funds

Large Fund Bets Big on Groceries Through Walmart, Kroger Stock

  • April 14, 2024

One of the first sovereign-wealth funds, and the largest at the state level in the U.S., just made a big bet on groceries as inflation continues to pressure American consumers. Alaska Permanent Fund tripled its investments in shares of Walmart and Kroger —the respective No. 1 and No. 2 players in terms of their share

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Investment

Richard Baker’s Family Investment Firm to Buy Galeria in Germany

  • April 9, 2024

NRDC Equity Partners, the private investment firm controlled by Richard Baker and his family, has successfully bid to acquire the bankrupt Galeria in Germany, WWD has learned. NRDC is said to be partnering with Bernd Beetz, the former chief executive officer of Coty, in the deal which was signed Tuesday, according to a source close

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Funds

Funds Pour in for D2C Wine as Millennials Seek Subscriptions

  • April 5, 2024

With younger generations getting more of their day-to-day needs met via direct-to-consumer (D2C) subscriptions, investors are backing eCommerce wine platforms by the millions. Most recently, brand acquisition firm Full Glass Wine Co., which focuses on the D2C wine category, announced that it raised $14 million in its Series A funding round and that it has acquired wine subscription

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Finance

Post-Purchase Financing Ushers in Responsible Lending Era

  • April 1, 2024

The cart doesn’t lead the horse, which is why payments innovations tend to check the boxes that end users need most. And sometimes the smallest boxes, or micro moments, can have the biggest impact. “Embedded finance solutions need to be embedded in the consumer’s flow in order to capture those micro moments when a consumer

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Loans

Installments Top Consumer Personal Loan Complaints

  • March 29, 2024

The Consumer Financial Protection Bureau detailed in its 2023 Consumer Response Annual Report that consumers have been the targets of fraudulent account openings, and installment loans were the most cited type of personal lending in complaints. The report, released Friday (March 29), noted that complaints about credit or consumer reporting accounted for more than 81%

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Investment

Mercado Libre Investing $2.5 Billion to Bolster Mexico

  • March 15, 2024

Latin American eCommerce and payments firm Mercado Libre is reportedly set to invest a record $2.5 billion in Mexico this year, up from the $1.6 billion spent in 2023. The investment will be distributed across various business areas, including warehouse expansion, logistics network enhancement, loan increases, salary payments, and marketing and technology investments, Bloomberg reported

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Crypto

Is Insurance Crucial for Cryptocurrency to Penetrate Mainstream Markets?

  • March 8, 2024

The world of cryptocurrency is grappling with considerable challenges following its tumultuous boom and subsequent decline, which garnered significant media attention. The process of mainstream integration has been uneven, partly due to the difficulty in securing regulatory approval. The risk of theft – whether via hacking or other means – poses a considerable barrier in

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Crypto

With Bitcoin crossing the $57,000 level, where does that leave the cryptocurrency industry? – Digital Transformation News

  • February 28, 2024

From what it’s understood, BTC’s market capitalisation went past the $1.1 trillion mark, which was last recorded in 2021. As per market experts, this BTC development highlights the diminishing dependence of the crypto market on the equity market which has resulted in BTC bullishness in the past. Reportedly, on February 26, 2024, while BTC secured

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Funds

China stocks rally after government fund says it will increase stock buys

  • February 6, 2024

NEW YORK (AP) — Shares are mixed in Asia, where Chinese markets advanced after a government investment fund said it would step up stock purchases. But the gains in Shanghai, Shenzhen and Hong Kong were much smaller than recent losses. Oil prices rose and U.S. futures were mixed. China’s Central Huijin Investment, a sovereign fund

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