Author: Press Room
POS infrastructure providers are scrambling to align their offerings mPOS providers are trying to balance demands from upmarket sellers and micromerchants Payment gateways must double down on omnichannel to woo customers 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 As the landscape of market leaders shifts, we forecast that the US point-of-sale (POS) terminal installed base will grow from 17.3 million this year to 20.2 million in 2026, largely due to providers upgrading technology. Consumer and merchant demands for all-in-one solutions are blurring the lines…
A top TikTok lawyer was reportedly asked what the company would do if the app was banned in the US. The lawyer laughed and dismissed the possibility, according to The Verge’s Command Line newsletter. Several countries banned TikTok on government devices, and India has an outright ban on the app. 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 TikTok’s top lawyer had an interesting reaction to an employee’s question asked during a recent all-hands meeting, The Verge’s Alex Heath reports.At a recent meeting with…
Occidental Petroleum Corp. (NYSE:OXY) has had a troubled past, but has, since 2020, turned its business model around, with financial and operating results enjoying significant improvement. The firm remains a very good long-term bet, trading at attractive levels compared to the market and its peers. Five Years of Trouble In the last five years, Occidental has earned a total shareholder return (TSR) of nearly -3%. In that time, the S&P 500 has earned a TSR of nearly 55%. Occidental also trailed its peer group, whose market cap. weighted TSR was 39.2%. The peer group consists of BP plc (BP), Chevron…
The chief executive of Astellas has ruled out an exit from China after Beijing detained a local executive of the company last month, a move that sent shockwaves through the Japanese business community in the country.In his first public comments since its employee was arrested in late March on espionage charges, Naoki Okamura said Japan’s second-largest pharmaceutical company by revenue planned to take further steps to diversify its supply chain in China, but cautioned against the incident becoming a catalyst to pull back its presence. “It is true that geopolitical risks are rising,” Okamura said in an interview at the…
Two days after being hit with a lawsuit over a legal opinion that said Idaho’s abortion ban prohibits medical providers from referring patients out-of-state for abortion services, the state’s attorney general said Friday that he is rescinding the analysis. Attorney General Raúl Labrador said a letter from his office had been “mischaracterized as law enforcement guidance sent out publicly to local prosecutors and others.” “It was not a guidance document, nor was it ever published by the Office of the Attorney General,” he wrote in the letter to state GOP Rep. Brent Crane, adding: “Accordingly, I hereby withdraw it.” Labrador’s…
First Republic Bank FRC, +4.39% on Friday said it would halt paying quarterly cash dividends on its preferred stock. In a filing, the company said the move to suspend those payments, made on Thursday, was “a measure of prudent oversight.” The move for the struggling bank, which teetered as its wealthy clients raced to get their money out following the collapse of Silicon Valley Bank and Signature Bank, comes after it suspended its common-stock dividend last month. The bank received $30 billion in deposits last month from the nation’s largest financial institutions in an effort toward stabilizing the company. Read…
Dear Tax Guy, I just started renting my house out on Airbnb. I started a limited liability company to keep the expenses separate from personal ones. I am trying to figure out what would be considered tax deductions in this scenario? I had my own marketing research LLC for around 25 years, so I know a lot — just not with renting out my house. Can somebody count part of the mortgage as a deduction? What about utilities and cable? I would think so. Travel & TaxesDear Travel & Taxes, Your question about the crossroads of hospitality and regulations has…
The March jobs report on Friday showed that the U.S. economy added 236,000 jobs last month, with the unemployment rate falling to 3.5% from 3.6%. Economists polled by the Wall Street Journal had expected that 238,000 jobs would be added and that unemployment would remain at 3.6%. See: Jobs report shows 236,000 increase in employment in March Here are some initial reactions from economists and other analysts, as U.S. stock futures ES00, +0.24% YM00, +0.19% turned higher following the data on nonfarm payrolls. U.S. stock exchanges are closed for the Good Friday holiday. • “The Fed will take a little comfort from…
© Reuters. FILE PHOTO: A worker loads a truck with crates of oranges at a farm in Limeira January 13, 2012. REUTERS/Paulo Whitaker By Ricardo Brito (Reuters) -Giants of the orange juice trade in Brazil have become defendants in a class-action lawsuit seeking $2.5 billion in damages over an alleged scheme to fix prices between 1999 and 2006, a prosecutor told Reuters. Federal Prosecutor Karen Kahn said the Sao Paulo Court of Justice will hear claims in a lawsuit filed against firms including Citrosuco, Cutrale and Louis Dreyfus Co (LDC), which account for most of the world’s orange juice output.…
SINGAPORE (Reuters) – BHP Group (NYSE:)’s programme to support promising minerals explorers will expand beyond and nickel to prospective uranium and lithium projects from September, the head of its Xplor program said on Wednesday. The Xplor accelerator program chose seven projects around the world to support for six months from January in its first year this year that fit with BHP’s portfolio – copper and nickel – and are key to the energy transition. BHP expects the world to need twice the amount of copper by 2030 as is produced this year, and four times the amount of nickel. For…
