DoorDash and Uber Compete to Increased Delivery Subscription Usage
DoorDash and Uber are actively competing with each other as part of efforts to increase the number of their user bases.
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Petal to Expand Credit Card Program
Petal announced intention to expand its credit card program.
Airwallex Collaborates With OurCrowd to Make Startup Investing Easier
Airwallex announced the beginning of cooperation with the venture investment platform OurCrowd.
Robinhood Reports First-Ever Profit
The second quarter of 2023 was the first profitable period for Robinhood Markets since the platform became public, which happened in July 2021.
NCR President Says Banks Must Use AI to Stay Relevant to Customers
Doug Brown, president of NCR, an American company specializing in computing technology for retail chains, the banking sector, tourism, and medical industries, said that at present, an up-to-date understanding of consumer thinking is of paramount importance for financial institutions.
DoorDash’s Grocery Business Grows to Record-High 532 Million Orders
DoorDash fixed record volumes of orders against the background of the rapid expansion of its grocery business, which has resulted in the growth of sales figures.
Apple Card’s Savings Account Exceeds $10 Billion
Apple Card’s Savings Account Exceeds $10 billion.
Stripe Offers Tax Tool to Its Platform Clients
Stripe reported about tax tool, the use of which will allow the clients of the company’s platform to increase the volume of sales worldwide.
Uber Develops AI-Powered Chatbot
Uber Technologies is currently working on creating a chatbot based on artificial intelligence.
Amazon Expands Its Virtual Clinic to All 50 States
Amazon is expanding the regional reach of its Amazon Clinic virtual service to all 50 states and Washington, DC.
Fitch Downgrades US Debt Rating From AAA to AA+
Fitch Ratings has downgraded the US debt rating from the highest level of AAA to AA+.
Tradeshift Raises $70 Million
Tradeshift, a platform for creating B2B payments, procurement in supply chains, and B2B marketplace services, announced that it managed to raise investment funds in the amount of $70 million.
SoFi Publishes Earnings Results
SoFi’s results concerning the company’s revenues have become evidence of the effectiveness and justification of the firm’s concept of activity, which provides for the unification of savings, lending, and expenses within a single financial vector characterized by continuity.
California Plans to Review Data Privacy in Cars
In California, local regulators with the authority to initiate investigations and proceedings in the field of confidentiality have announced their intention to review the data protection policy followed by car manufacturers.
IRS to Tax Crypto Staking Rewards
The Internal Revenue Service (IRS) has come up with taxation rules for those getting income from crypto staking
Sequoia Capital Reportedly Downsizes Its Funds
The media reports that the Silicon Valley venture capital company Sequoia Capital has decided to downsize two of its large funds.
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