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MTrac Launches Marijuana Payments Platform For Louisiana

PYMNTS

The state of Louisiana has entered legal marijuana territory with medical cannabis access beginning this week. The platform will go live the same day the state’s legal medical marijuana market goes live, Tuesday (Aug. Global Payout Inc. subsidiary MTrac Tech Corp. announced Monday (Aug. Global Payout Inc. subsidiary MTrac Tech Corp.

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Market volatility undoes First Guaranty-Lone Star deal

American Banker

Louisiana-based First Guaranty Bancshares will no longer buy Lone Star Bank in Houston after its stock price has plunged roughly 49% this year.

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Paysafe expands into the mobile sports-betting markets

The Paypers

Paysafe has announced the expansion into the Louisiana and Oregon mobile sport-betting markets in the US as a sports-bettor deposits processor.

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Another 870K Americans File Jobless Claims

PYMNTS

The current picture suggests that growth has slowed sharply in the past three months, and that the labor market is stalling again in the face of rising infections and the sudden ending of federal government support to unemployed people,” Ian Shepherdson, chief economist for Pantheon Macroeconomics, a U.K.

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Another 1.5M Americans File For Unemployment, But Durable Goods Orders Rebound

PYMNTS

Three months into the unprecedented economic downturn ignited by the COVID-19 outbreak, the nation’s job market is mired in uncharted and heartbreaking territory,” said Mark Hamrick, senior economic analyst with Bankrate.com. It’s also the 14th straight week that claims have exceeded 1 million. percent to $194.4 billion.

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US Jobless Claims At 1.4M For Second Week

PYMNTS

Greg McBride, chief financial analyst at Bankrate.com, said the virus spread and economic rollbacks in the weeks since do not bode well for the labor market in the weeks and months ahead. economy’s backslide as some states dealt with a resurgence in coronavirus cases and re-closed businesses.

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Facebook CMO Leaving To Focus On Promoting Diversity In Tech

PYMNTS

Facebook ’s Chief Marketing Officer Antonio Lucio is leaving the social media behemoth after just two years on the job to actively promote diversity in the technology sector. He wrote on his LinkedIn page : “After two meaningful years, I have decided to step down as chief marketing officer of Facebook.