Author: Press Room

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Recent market trends are pointing towards a positive outlook for Bitcoin’s price, causing investors to consider if this is the right moment to invest in them, even after the dip. Taking into account the current analysis and projections, it is possible to roughly gauge how cryptocurrency may fare in the future. These predictions give potential investors an indication of whether investing in crypto is a viable option at this point in time.Bitcoin continues to trade near the $28,000 mark as investors await a solid fundamental reason to drive price action.Arkansas Legislature Passes Bill Safeguarding Bitcoin Mining RightsThe Arkansas Data Centers Act,…

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Acquirers and processors are competing to enhance their value propositions Card and automated clearing house (ACH) payment networks are dueling for volume Issuers can lean on customer relationships and tranches of data to respond to innovation Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Amid economic uncertainty, payments providers are making meaningful shifts to digitize and innovate as they continue to grow at a projected 8.3% compound annual growth rate worldwide between 2021 and 2026, per Boston Consulting Group. The changing economic landscape is leading…

PepsiCo is one of the largest companies worldwide, netting $86 billion in revenue last year. Athina Kanioura, PepsiCo’s first-ever chief strategy and transformation officer, has revamped the company’s internal digital strategies. This article is part of “Tech Leadership Playbook,” a series that shares advice from the most innovative tech execs. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app When Athina Kanioura joined PepsiCo in 2020 as its first-ever chief strategy and transformation officer, her goal was to completely revolutionize how the company utilized technology internally. But PepsiCo…

With a total market capitalization of $5.8 billion and rapid growth in revenue, Lithia Motors is targeting an ambitious five-year plan to become the number one retailer of new automotive vehicles in the United States. Its stock may be undervalued by a fundamental analysis of some of its multiples, but the technical signals are a Strong Sell indicator for LAD at this time. Revenue Data by YCharts Lithia Motors revenue grew steadily from 2009 until the Covid pandemic but fell short of the 45 degree curve up the chart that I’d like to see for healthy sales growth. Then in…

Fanatics, the US merchandiser known for its American football jerseys, has outlined ambitions to sell more European soccer kit, highlighting growing American interest in the world’s most popular sport.“Soccer should be our number one business,” Michael Rubin, the billionaire chief executive of the sports retailer told the Financial Times. “We’re playing catchup.”Fanatics’ partners include the National Football League, Major League Baseball, the National Basketball Association and Nike, allowing the Florida-based group to manufacture and sell jerseys and other merchandise. The company, which expects to generate $8bn of revenue this year, already works with some of Europe’s leading clubs, including Paris…

There’s a reason why politicians have long shied away from addressing Social Security’s massive financial problems. The commonly proposed solutions involve cutting benefits or raising taxes, which would spark an outcry from a range of powerful constituents, including senior citizens and the business community. The situation, however, is only growing more critical. The combined Social Security trust funds are projected to run dry in 2034, according to the latest annual report from the entitlement program’s trustees that was released last week. At that time, the funds’ reserves will be depleted, and the program’s continuing income will only cover 80% of…

Shares of exchange-traded funds focused on energy were surging Monday after a large group of oil producers known as OPEC+ surprised markets with a planned cut in crude production. Shares of the Energy Select Sector SPDR Fund XLE, -1.52% were up 3.9% around midday Monday, while the Vanguard Energy ETF VDE, -1.48% rose 4.1%, and SPDR S&P Oil & Gas Exploration & Production ETF XOP, -1.41% climbed 3.4%, FactSet data show, at last check. The United States Oil Fund LP USO, +0.03% was trading 5.4% higher, on pace for its largest daily percentage increase since March 2022. On Sunday, OPEC+…

Dogecoin tumbled on Friday after Twitter changed its homepage logo back to the blue bird, ditching as an icon the Shiba Inu dog that represents the meme cryptocurrency and putting an end to a rally in prices. The price of Dogecoin has fallen 9% over the past 24 hours, having now dropped almost 20% since the peak hit earlier this week after Twitter changed its logo to that of the Shiba Inu icon late on Monday. Prices are now some 5% above where they were before Twitter’s surprise move, which kicked off a rally that saw the so-called memecoin surge…