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Bank of America has issued a warning to customers about account cancellations due to inactivity, stating that accounts deemed "abandoned" after three years may be blocked or have funds transferred to state custody. To avoid this, customers are encouraged to regularly log in and set up alerts to monitor their account activity. The bank's policy aligns with state laws regarding unclaimed assets, which apply to various account types, including savings and retirement accounts.
Deutsche Bank has reaffirmed its Buy rating on Shopify stock with a $150 price target, reflecting confidence in the company's market positioning and growth potential. Shopify is benefiting from retail trends such as unified commerce and Generative AI, alongside strong revenue growth of 25.78% over the past year. The company is gaining traction in the mid-market and enterprise segments, driven by dissatisfaction with existing vendors, while an expanded partnership with Affirm Holdings is set to enhance its payment services.
Elon Musk is transforming the federal government into a corporate entity, mirroring his authoritarian management style from the private sector. His actions, supported by Trump, undermine democratic principles, as he exercises unchecked power reminiscent of a business executive, prioritizing authority over accountability. This shift threatens the social safety net and exposes workers to increased exploitation, reflecting a broader trend of corporate authoritarianism in governance.
JPMorgan Chase has launched an embedded finance solution for third-party sellers on Walmart Marketplace, enabling them to manage payments seamlessly within the platform. This integration allows for faster transactions, with sellers benefiting from quicker access to funds, enhancing cash flow management. The solution, which has also been adopted by Macy's, is part of JPMorgan's broader strategy to meet growing customer demand for customizable payment capabilities in the rapidly expanding e-commerce sector.
Plug Power Inc. is participating in the UBS Global Energy Conference in London, showcasing its leadership in the hydrogen economy. Chief Revenue Officer Jose Luis Crespo will engage with institutional investors to discuss the company's strategic priorities. With a focus on building a fully integrated hydrogen ecosystem, Plug Power is expanding its production capacity and has deployed over 72,000 fuel cell systems globally.
Plug Power (NASDAQ: PLUG) is participating in the UBS Global Energy Conference on March 27, 2025, in London, where Chief Revenue Officer Jose Luis Crespo will engage in one-on-one meetings with institutional investors to discuss the company's strategic priorities. This involvement highlights Plug Power's leadership in the hydrogen economy and its commitment to investor relations. Further details can be found in the Investor Resources section of Plug Power's website.
Dollar Tree is selling its struggling Family Dollar chain to Brigade Capital Management and Macellum Capital Management for $1 billion, a significant drop from the $9 billion it paid a decade ago. The decision aims to unlock shareholder value and address operational challenges, including store closures and management issues. Analysts view the sale as a necessary step to reposition Family Dollar for future success amid ongoing economic pressures and competition from larger retailers.
Walmart has partnered with J.P. Morgan Chase to enhance payment processing for its online marketplace sellers, aiming to improve cash flow and streamline transactions. Currently available to U.S. merchants, plans for expansion into European and other international markets are in discussion. J.P. Morgan is also focusing on Embedded Finance, collaborating with over 20 clients and expecting to double that number within a year.
PhonePe has launched vehicle insurance for two-wheelers and four-wheelers, allowing users to compare and purchase policies via its app. The company, which holds an insurance broking license since 2021, aims to enhance its market presence with potential savings of up to 40,000 rupees on four-wheeler insurance. This development coincides with PhonePe's preparations for an IPO, following a reported profit of 197 crore rupees for FY 2023-24, marking a significant recovery from the previous year's losses.
JPMorgan Chase's payments unit has partnered with buy-now-pay-later provider Affirm, making its services available at checkout for purchases between $35 and $30,000. Customers can choose payment terms from 30 days to 5 years, with biweekly or monthly payments and no hidden fees. This follows a similar agreement with Klarna, which recently secured an exclusive BNPL deal with Walmart as it prepares for a U.S. IPO.
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bank of america warns customers about account cancellations due to inactivity
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