PYMNTS

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The Rise Of Music Retail, P2P Fashion And Text Verification

PYMNTS

A pandemic-powered surge in individuals wanting to learn how to play piano and guitar has provided the nation’s biggest retailer of musical instruments with a second chance at life. In clothing retail, rental platform Wardrobe is gaining a geographic footprint in the southern U.S. and growing its presence in the “peer-to-peer” fashion space with its recent Rent My Wardrobe acquisition.

Retail 140
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Credit Karma To Divest Tax Unit To Square In $7.1B Merger With Intuit

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The Department of Justice is requiring Credit Karma to divest its tax business to Square as part of Intuit’s $7.1 billion proposed takeover of Credit Karma. On Wednesday (Nov. 25), Intuit and Credit Karma said they had received clearance from the Department of Justice (DOJ) for the merger, and had agreed for Credit Karma to sell its tax business to Square.

Taxes 244
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Consumers Gloomy Amid Slowing Growth, COVID-19 Numbers, Survey Finds 

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The Dow may just have crossed 30,000, but U.S. consumers are growing gloomier as a dark coronavirus winter settles in, as shown in a new Consumer Confidence Survey report released by The Conference Board Tuesday (Nov. 24). The Conference Board Consumer Confidence Index fell in November after holding steady in October, the long-established nonprofit think tank reported.

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French Officials And Biden Team Set To Talk On Trade, Taxes

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European nations are hoping that an expected thaw in their relations with the U.S., after the change of administrations, will include an agreement over taxing Big Tech. In particular, French trade officials are set to talk next week with members of U.S. President-elect Joe Biden's team about trade and taxes, according to Accounting Today. French Finance Minister Bruno Le Maire’s goals will include ending a conflict over taxing Big Tech and getting the U.S. on board with backing a deal on taxatio

Taxes 142
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Nestle, HelloFresh Give Meal Kits Second Wind In Stay-at-Home Economy

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With restaurant dining rooms closed and Americans forced to rely on their own abilities as home chefs over the last eight months, meal kits have caught a second wind in the pandemic economy. As it turns out, the average person only has so many recipes stored in their mental cookbook, and within a few weeks of eating them on repeat, consumers rapidly found that they needed the kind of outside guidance that meal kits provide.

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Ukrainian Bank Partners With Swedish FinTech

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Ukrainian bank UKRSIBBANK, part of BNP Paribas Group, is teaming up with Dreams , a financial wellness FinTech startup based in Sweden. “Our financial wellbeing platform — which is built upon behavioral science and personal finance management principles — will provide the perfect tool for UKRSIBBANK to help its customers make better financial choices and become more sustainable in the way they handle their finances,” Henrik Rosvall, chief executive officer and founder of Dreams, said in a statem

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Today In Digital-First Banking: HMBradley Lands $18.25M In Series A; HSBC Debuts Global Real-Time Payments Tool

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In today’s top news in digital-first banking, online banking platform HMBradley has raised $18.25 million in a Series A round, while HSBC is introducing a new real-time payments offering. Plus, Spanish financial firm BBVA has created an offering that simplifies expense management. Digital Bank HMBradley Raises $18.25M to Accelerate Credit Program. HMBradley announced on Tuesday (Nov. 24) that it landed Series A funding of $18.25 million to accelerate its credit program.

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