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10 Tuesday AM Reads

Barry Ritholtz

The Big Picture ) • Most Americans are better off financially now than before the pandemic : Jobs, paychecks, spending, wealth, and financial security have made big gains, which offset the burden of higher inflation. The good news stretches far beyond the rich. New York Times ) see also Wages are rising. Jobs are plentiful.

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WeWork To Sell Iconic NYC Building To Amazon

PYMNTS

Amazon ’s New York expansion plans will now include the former Lord & Taylor building in downtown Manhattan, as the eCommerce company announced that it will purchase the storied building from office sharing startup WeWork , according to the New York Post. billion over a decade and bring in tens of thousands of jobs as a result.

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Jessica Alba’s Honest Company Faces A Down Round

PYMNTS

According to emerging news reports, the five-year-old home and body care product company is looking to raise $75 million in new Series D venture capital funding at $19.60 The big price tag on Honest Company, however, is as much a limitation as it is an honor. So, is Honest no longer a unicorn?

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Report: Dosh CEO On Giving Online Shoppers Safety And Speed At Sign-Up

PYMNTS

Businesses and financial institutions (FIs) are following suit, reordering their products and services for a new digital normal — but unfortunately, fraudsters are tagging along. For more on these and other stories, visit the Tracker’s News & Trends. Why Shifting Consumer Spend Is Prompting Security Onboarding Moves.

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Walmart+, Amazon Pay, and The Battle For The Digital Consumer Top This Week's News

PYMNTS

The PYMNTS Weekender has all the latest reading material on payments and commerce news you'll need for the long weekend. Hilton To Permanently Close Its Hotel In New York City's Times Square. Now, the adversary is China , and the weapons of choice are tied to tech, data, deal-making and very large price tags.

Banking 70
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Apple Stock Spikes On Fake News That Google Was Buying It

PYMNTS

Fake news alert! According to Finextra , the false Dow Jones stories reported that the incredible deal was sealed by now deceased Steve Jobs in 2010 and “gives each Google shareholder nine shares of Apple stock … Google employees said, “Yay.””

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The Robots Are Coming – And Some Are Already Here

PYMNTS

That’s a big price tag, but it’s not so bad when one considers that doing that using humans to perform that kind of plant surveying work would cost roughly $300,000. Fluffy and Spot, which can both climb stairs and crawl into hard-to-reach areas, will also cut the required time in half and complete the job for a fraction of the cost.