Author: theparknews

(Reuters) – PayPal Holdings Inc said on Wednesday it will allow U.S. merchants to buy, hold and sell cryptocurrency through their business accounts.Cryptocurrencies have gone from an emerging asset class to gaining greater market acceptance since the U.S. Securities and Exchange Commission approved the listing of Bitcoin exchange-traded funds earlier this year.”There is a growing demand from business owners to have the same cryptocurrency capabilities available to consumers,” said José Fernández da Ponte, PayPal’s senior vice president of blockchain, crypto and digital currency.PayPal entered the cryptocurrency market in 2020, allowing customers to buy, sell and hold bitcoin and other virtual…

By Hannah Lang(Reuters) – Republican former President Donald Trump offered few details on Monday about a new cryptocurrency business that was announced by family and associates at an X-Space live event.President Trump discussed a wide range of topics, including the second assassination attempt that occurred on Sunday and his transition from cryptocurrency skeptic to cryptocurrency supporter.But neither he nor his family would provide details about the company, World Liberty Financial, how it was founded, how it was funded or what services it might offer.It is unusual for a presidential candidate to launch a new venture so close to an election,…

By Aditi ShahNEW DELHI (Reuters) – Mercedes-Benz is seeing an increase in Indian buyers opting for electric cars as their first luxury vehicle, its country-based managing director told Reuters, a trend that is helping to boost sales for the German car maker.Luxury car sales are surging in India, with market leader Mercedes posting record sales. In the first six months of 2024, Mercedes sold 9,300 cars in India, 5% of which were electric, doubling EV penetration from 2.5% last year.Mercedes’ Santosh Iyer said after the launch of the seven-seater electric EQS ​​580 SUV, priced at about $168,200, that more young…

(Reuters) – Blackstone is considering options including a sale of a majority stake in visa application outsourcing and technology services company VFS Global after receiving interest from potential investors, the Bloomberg news agency reported on Thursday.A potential deal could value VFS at about $7 billion, Bloomberg reported, citing people familiar with the matter.Blackstone declined to comment on the Bloomberg report, while VFS did not immediately respond to a Reuters request for comment.Alternative asset manager Blackstone acquired a majority stake in VFS Global from EQT AB in October 2021, with EQT retaining a minority stake.Bloomberg reported that Blackstone is in exploratory…

By Elena Favrinaya and Gleb BryanskyMOSCOW (Reuters) – Trade between Russia and India is booming and bilateral payments are going smoothly without the kinds of problems that have hampered trade with other countries, Anatoly Popov, deputy CEO of Russia’s largest bank Sberbank, told Reuters.Sberbank handles payments for up to 70% of all Russian exports to India. Trade between Russia and India is expected to nearly double to $65 billion by 2023, and India has become a major importer of Russian oil since Western sanctions over the Ukraine conflict were imposed in 2022.”In 2022, we have seen a significant increase in…

Madison, Wisconsin, February 3, 2025- (Business Wires) -Irst Business Financial Services, Inc. (“Company” or “First Business Bank”) (NASDAQ: FBIZ) announced that the Board of Directors has declared a quarter. Based on the Friday market, 51.66, cash dividends per share equivalent to 22 % dividend yields per share. The quarterly dividends have increased the quarterly dividends declared in October 2024 by 16 %, 13 consecutive annual dividends. The dividend payment rate is 17 % based on the profit per share of the 2024 quarter. This normal cash dividend will be paid to the recorded shareholders on February 28, 2025 at the…

1stDibs presents the latest data on the site’s consumer purchasing trends over the past year. NEW YORK, Jan. 22, 2025–(BUSINESS WIRE)–1stDibs, the leading marketplace for extraordinary design, releases its Luxury E-Commerce Report. This report leverages 2024 data and analytics from across the platform to capture the changing tastes and trends of 1stDibs’ consumer base across the most prominent luxury categories: art, furniture and lighting, jewelry, fashion, and handbags. I’m digging into the details. As the audience for iconic designers, famous artists, and timeless designs grows, 1stDibs has expanded its inventory to serve the growing market while also enhancing the way…

CDMA Business Model Academy: Empowering Gen Z to shape the future of industry. As a top leader in career preparation and workforce development, we offer cutting-edge programs in audio and video production, graphic design, and 3D animation. Our academy goes beyond traditional education by bridging the critical gap between academic learning and real-world application. Through hands-on experience and real-world projects, students gain the skills, confidence, and insight they need to gain an edge in a competitive industry. At CDMA, we do more than just prepare students for their careers. We are developing a new generation of leaders and innovators with…

Orbite announced the completion of a Series A funding round, a strategic partnership with Accor, and the launch of its ground-breaking Experience Train Fly program. (Photo: Business Wire) Orbite provides astronaut training and luxury hospitality to customers around the world through its Experience Train Fly Program. MERRITT ISLAND, Fla., Dec. 5, 2024–(BUSINESS WIRE)–Orbite, the leading space training and operations company for space explorers, has grown to 400,000 with support from both existing and new investors. announced the completion of a $1 million Series A funding round. . The new funding will enable Orbite to expand its operations, strengthen its sales…

TACOMA, Wash., Dec. 3, 2024–(BUSINESS WIRE)–Late last week, Tacoma-based Sound Credit Union (Sound) announced that Olympia-based Washington Business Bank (OTCPK; WBZB) announced the completion of the acquisition. , Washington. The transaction, which was completed late last week, includes Sound acquiring all of Washington Business Bank’s assets and assuming substantially all of its debt. With the addition of Washington Business Bank, Sound’s asset size now exceeds $3 billion, including more than $2.5 billion in deposits and more than $2.3 billion in loans. Sound’s branch network currently includes the Washington Business Bank branch at Southeast Fifth Avenue and Franklin Street in Olympia.…