At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
Uber for Business has designed a new tool to make it easier for executive assistants (EAs) to arrange corporate travel.
As consumers look to buy clothing online, PYMNTS Intelligence research reveals that digital shoppers are increasingly turning to Amazon to meet their apparel needs. By the Numbers The PYMNTS Intelligence study âWhole Paycheck Report: New Consumer Spend Data Finds Amazon Way Ahead of Walmartâ estimates each of the two retailersâ market shares in various categories based on years of earnings reports in conjunction with national data from the U.S. Census Bureau and Bureau of Economic Analysis. According to supplemental research from the study, as of Q4 2023, for the first time, consumers bought more than half of the apparel the purchased online from Amazon. The online retail giantâs share of eCommerce consumer clothing spending rose to 51.5%, from 47.9% the previous quarter. A Deeper Dive Amazonâs success gaining share in the category is especially key, given how consumers prioritize clothing purchases even in times of economic distress. PYMNTS Intelligenceâs âNew Reality Check: The Paycheck-to-Paycheck Report: The Nonessential Spending Deep Dive Editionâ finds that, among the 7 in 10 retail shoppers who buy ânice-to-haveâ items at least sometimes, clothing is the most common splurge. Plus, higher-income consumers spend more of their paycheck on this retail category, according to the âWhy One-Third of High Earners Live Paycheck to Paycheckâ edition of the New Reality Check series. The study found that those who earn more than $200,000 a year spend the greatest portion of their personal income on clothing, accessories and personal care items â 8.5%, versus the population-wide 7.2%. Moreover, consumers who earn more than $100,000 a year were the likeliest to say that clothing and personal care had a high or very high impact on their budget in the last 12 months. âWe continue to have the broadest retail selection, with hundreds of millions of products available, tens of millions added last year alone, and several premium brands starting to list on Amazon (e.g. Coach, Victoriaâs Secret, Pit Viper, Martha Stewart, Clinique, LancĂŽme, and Urban Decay),â Amazon CEO Andy Jassy told investors in his recent 2023 Letter to Shareholders.  The post Online Shoppers Are Starting to See Amazon as a Fashion Destination appeared first on PYMNTS.com.
The team at Upflow is pleased to announce that we've secured $5 million in new funding to bring Payments by Upflow to market.
Key on-chain metrics suggest a higher baseline for Bitcoin price now that the halving is complete.
As the market takes a breather, attention is turning to recent top crypto gainers in hopes that their bullish trajectories will continue. Raboo, a new entrant, is gaining traction after raising almost $1 million in its fresh presale. Analysts now foresee a potential 233% gain in presale and 100x later this year.
The crypto mixer allegedly handled $2 billion in unlawful transactions and facilitated $100 million in money laundering.
An expert in U.S. federal prisons suggested that the former Binance CEO, if sentenced to incarceration, could face the risk of âtheft and extortionâ from other inmates.