Factbox-Hong Kong IPO-bound Shein’s management and ownership structure

Stripe is positioning itself to play an even greater role in the artificial intelligence (AI) sector that already propelled its revenue to increase by a third to $6.8 billion last year, The Information reported Wednesday (July 22). The company processes payments for AI labs and developers, and it already takes a small cut of the surging sales…

New York State Attorney General Letitia James’s lawsuit against the bank group that runs Zelle is still alive. A state judge on Thursday declined to throw out the case, as Zelle owner Early Warning Services had requested, our Carter Pape reported. Processing Content What’s happening here is people are being tricked into handing over money…

The security situation in the Strait of Hormuz has returned to a “worse-case scenario” for oil tankers as Iran has repeatedly attacked ships over the past week, the CEO of a maritime risk services firm said. “We see the reduction of the volume of transits through the Strait of Hormuz and right now crews of…

The rupee gained 14 paise to 96.28 against the US dollar in early trade on Friday buoyed by positive sentiments at the domestic equity markets. However, heavy FII outflows and higher global crude oil prices amid heightened tensions in West Asia prevented further gains in the local unit, forex traders said. At…

The world’s biggest warehouse landlord is still full steam ahead on data centers. “After several quarters of sustained demand, we believe the market is entering its next phase,” Prologis CEO Dan Letter said in a second-quarter earnings call Thursday afternoon. SEE ALSO: PGIM Hires David Blum as Managing Director of Commercial Real Estate Credit The…

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