Category: Business

Q1 GDP Growth To Be Impacted By Gov’t Shutdown

With the partial U.S. government shutdown as a result of the standoff between President Donald Trump and congressional Democrats now in its fourth week and no clear end in sight, the economic costs are starting to add up and are expected to impact growth during the first quarter.  According to a report in Seeking Alpha that […]

Bitcoin Daily: Bitcoin Kiosks At The Supermarket, tZERO To Launch Next Week

Indonesian ride-hailing company Go-Jek is acquiring a “substantial” number of shares in Philippine-based blockchain services platform Coins.ph. While the details of the transaction were not revealed, it was reported that there will be no impact to Coins.ph customers and that its team “will continue in their existing roles,” according to CoinGeek. “Supporting the success of […]

Why The Sweet Smell Of Tech Success Can Be Rife With Failure

In 1946, a few weeks before Christmas, Frank Capra’s Christmastime classic “It’s a Wonderful Life” was released in theaters. It was mostly a flop. Audiences barely noticed it, reviewers panned it and by the end, it had cost the production company so much money that it ended up being sold off to Paramount when it […]

The Payments And Commerce Game Of The Super Bowl

For certain sports fans, it’s one of best times of the year, a weeks-long period of anticipation, anxiety and hope. That’s because after a long fall, and after enduring what winter has thrown at us so far, the big day is approaching — Major League Baseball pitchers and catchers report to spring training in less than […]

Spotify May Be Planning In-Car Music Player With Voice Control

As Spotify seeks to gain independence from Google, Apple and Amazon products, the music streaming service is looking to the car dashboard. The company intends to launch an in-car music player that can be controlled by voice later in 2019, per people with knowledge of the plans, Financial Times reported. According to unnamed sources in […]

NY Fed President: Gov’t Shutdown Could Hinder Economic Growth

While the Fed has hinted that it has been adjusting its U.S. economic outlook due to turmoil in the markets as well as decelerating expansion in China, New York Fed President John Williams said on Friday (Jan. 18) that the shutdown has become a hindrance for the economy, Financial Times reported. With an audience of […]

Five At Five: Apple And Preventative Healthcare

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest potential use for the Apple Watch, and Google’s own smartwatch move. Amazon has new SMB sales figures, PayPal offers interest-free advances and Volvo might have a subscription problem. Apple, Johnson & Johnson Eye Preventative Healthcare […]

Behind Bars: Mobile Payments and Digital Disbursements Go to Prison

Cash is a general no-go in prison, with inmates required to use funds and wages deposited into accounts to pay for commissary items. Prisoners also can resort to de-facto forms of currency that typically include postage stamps and packs of ramen or fish (desired because of their relatively high protein counts, especially useful for weightlifters). […]

Reliance To Battle Amazon And Flipkart For India eCommerce

Indian company Reliance Industries plans to open an eCommerce site geared toward small retailers, one that would rival Amazon and Flipkart, Financial Times reported on Friday (Jan. 18). When speaking at a conference about investments in Gujarat, Chairman Mukesh Ambani said he planned to launch the site in collaboration with Reliance Retail subsidiary and telecom […]

Microsoft: Cortana Not Competing With Alexa, Google Assistant

Microsoft is taking its digital assistant Cortana in a new direction as it has fallen behind Google Assistant and Alexa in the past year, according to reports. CEO Satya Nadella, while speaking to a group of journalists earlier this week, said that the hardware giant no longer views Cortana as a direct competitor to Alexa […]