Latest news with #marketplace
Wall Street Journal
8 hours ago
- Business
- Wall Street Journal
Peloton Opens Resale Marketplace For Used Equipment
Peloton Interactive PTON 1.44%increase; green up pointing triangle is getting in on the resale market for its bikes and fitness equipment with its own proprietary marketplace. The connected fitness company's new platform, Repowered, launched Tuesday and allows customers to list their 'pre-loved Peloton pieces,' according to the website. The ability to purchase listed items will be rolled out soon, Peloton said.
Yahoo
3 days ago
- Business
- Yahoo
Upstart to Host First-Ever 'AI Day' Investor Event Today (May 14, 2025)
NEW YORK, May 14, 2025--(BUSINESS WIRE)--Upstart Holdings, Inc. (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, will host its inaugural AI Day for investors today at 9:00 a.m. ET in New York City. The event will feature presentations from Upstart's senior leadership team, offering insights into the company's industry-leading AI platform, the structural advantages of its business model, and the expansive growth opportunity ahead. Agenda: 9:00 a.m. – Dave Girouard, Co-founder and CEO: The Opportunity 9:30 a.m. – Paul Gu, Co-founder and CTO: Our AI Advantage 10:30 a.m. – Chantal Rapport, Chief Marketing Officer & SVP of Growth: Our Category-of-One Business 11:00 a.m. – Sanjay Datta, Chief Financial Officer: Profitability & Resilience 11:30 a.m.-12:15 p.m. – Executive Q&A A live webcast of the event will be available on Upstart's Investor Relations website. A video replay and the presentation materials will also be accessible following the event. To register for the webcast, please click here. About Upstart Upstart (NASDAQ: UPST) is the leading AI lending marketplace, connecting millions of consumers to more than 100 banks and credit unions that leverage Upstart's AI models and cloud applications to deliver superior credit products. With Upstart AI, lenders can approve more borrowers at lower rates while delivering the exceptional digital-first experience customers demand. More than 90% of loans are fully automated, with no human intervention by Upstart. Founded in 2012, Upstart's platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small-dollar "relief" loans. Upstart is based in San Mateo, California. The AI Day webcast may include forward-looking statements. For more information, please refer to the forward-looking statements disclaimer that will be available on the accompanying AI Day materials at Upstart's Investor Relations website. View source version on Contacts Investors Sonya Banerjeeir@ Press Tom Brennanpress@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Free Malaysia Today
5 days ago
- Business
- Free Malaysia Today
Shein to increase product safety testing after EU probe
Shein is expected to spend US$15 million on compliance initiatives this year. (Reuters pic) LONDON : Fast-fashion retailer Shein said today it would increase testing of products this year, after the EU warned of fines if it does not address the bloc's concerns about unsafe and dangerous products sold on its site. Shein said it targets 2.5 million product safety and quality tests in 2025, up from 2 million last year, and said it would spend US$15 million on compliance initiatives this year. Shein, which sells its own-branded clothes in 150 countries, also operates a marketplace for sellers of toys, gadgets, and homeware sent directly from factories mostly in China to shoppers around the world. 'Since it launched its marketplace, Shein has stopped working with more than 540 sellers over compliance breaches,' the company said. The EU's Consumer Protection Co-operation (CPC) network of national consumer authorities and the European Commission on Monday notified Shein of practices that infringe EU consumer law, giving the company a month to reply.
Yahoo
6 days ago
- Business
- Yahoo
Shein to increase product safety testing after EU probe
LONDON (Reuters) -Fast-fashion retailer Shein on Thursday said it would increase its testing of products this year, after the European Union warned of fines if it does not address the bloc's concerns about unsafe and dangerous products sold on its site. Shein said it targets 2.5 million product safety and quality tests in 2025, up from 2 million last year, and said it would spend $15 million on compliance initiatives this year. Shein, which sells its own-branded clothes in 150 countries, also operates a marketplace for sellers of toys, gadgets, and homeware sent directly from factories mostly in China to shoppers around the world. Since it launched its marketplace, Shein has stopped working with more than 540 sellers over compliance breaches, the company said. The EU's Consumer Protection Co-operation (CPC) network of national consumer authorities and the European Commission on Monday notified Shein of practices that infringe EU consumer law, giving the company a month to reply. Sign in to access your portfolio
National Post
27-05-2025
- Automotive
- National Post
RB Global Announces Early Termination of Hart-Scott-Rodino Waiting Period
Article content WESTCHESTER, Ill. — RB Global, Inc. (NYSE: RBA) (TSX: RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced that on May 22, 2025, the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the 'HSR Act') with respect to the pending acquisition of JM Wood Auction Co., Inc. by Ritchie Bros Auctioneers (America), Inc., which is a wholly owned subsidiary of RB Global. Article content Article content The termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the pending acquisition, which is expected to be completed in the second or early third quarter of 2025, but which remains subject to other customary closing conditions. Article content About RB Global Article content RB Global, Inc. (NYSE: RBA) (TSX: RBA) is a leading, omnichannel marketplace and trusted provider of value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its global network of auction sites and digital platform, RB Global serves customers worldwide across a variety of asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining and agriculture. The company's end-to-end marketplace solutions include Ritchie Bros., IAA, Rouse Services, SmartEquip and VeriTread. For more information about RB Global, visit Article content Certain statements contained in this release include 'forward-looking statements' within the meaning of U.S. federal securities laws and 'forward-looking information' within the meaning of Canadian securities laws (collectively, 'forward-looking statements'). Forward-looking statements herein include, in particular, statements relating to the anticipated closing of the JM Wood acquisition, and other subjects of this release that are not historical facts. Forward-looking statements are typically identified by such words as 'aim', 'anticipate', 'believe', 'could', 'continue', 'estimate', 'expect', 'intend', 'may', 'ongoing', 'plan', 'potential', 'predict', 'will', 'should', 'would', 'could', 'likely', 'generally', 'future', 'long-term', or the negative of these terms, and similar expressions intended to identify forward-looking statements. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of RB Global's common shares. Therefore, you should not place undue reliance on any such forward-looking statements and caution must be exercised in relying on forward-looking statements. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties that may cause actual results to differ materially, including but not limited to risks and uncertainties relating to: our ability to drive shareholder value; potential growth and market opportunities; the level of participation in our auctions and the success of our online marketplaces; our ability to grow our businesses, acquire new customers, enhance our sector reach, drive geographic depth, and scale our operations; the impact of our initiatives, services, investments, and acquisitions on us and our customers; the acquisition or disposition of properties; potential future mergers and acquisitions; our ability to integrate acquisitions; our future capital expenditures and returns on those expenditures; our ability to add new business and information solutions, including, among others, our ability to maximize and integrate technology to enhance our existing services and support additional value-added service offerings; the supply trend of equipment and vehicles in the market and the anticipated price environment, as well as the resulting effect on our business and Gross Transaction Value ('GTV'); our compliance with laws, rules, regulations, and requirements that affect our business; effects of various economic, financial, industry, and market conditions or policies, including inflation, the supply and demand for property, equipment, or natural resources; the behavior of commercial assets and vehicle pricing; the relative percentage of GTV represented by straight commission or underwritten (guarantee and inventory) contracts, and its impact on revenues and profitability; our future capital expenditures and returns on those expenditures; the effect of any currency exchange and interest rate fluctuations on our results of operations; the effect of any tariffs on our results of operations; the grant and satisfaction of equity awards pursuant to our compensation plans; any future declaration and payment of dividends, including the tax treatment of any such dividends; financing available to us from our credit facilities or other sources, our ability to refinance borrowings, and the sufficiency of our working capital to meet our financial needs; our ability to satisfy our present operating requirements and fund future growth through existing working capital, credit facilities and debt; misappropriation of data or cybersecurity incidents; and, failure to comply with privacy and data protection laws. Other risks that could cause actual results to differ materially from those described in the forward-looking statements are included in 'Part I, Item 1A: Risk Factors', and the section titled 'Summary of Risk Factors', in our Annual Report on Form 10-K for the year ended December 31, 2024, as such risk factors may be amended, supplemented or superseded from time to time by other reports we file with the Securities and Exchange Commission, including subsequent Quarterly Reports on Form 10-Q The forward-looking statements included in this release are made only as of the date hereof. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Many of these risk factors are outside of our control, and as such, they involve risks which are not currently known that could cause actual results to differ materially from those discussed or implied herein. RB Global does not undertake any obligation to update any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances that exist after the date as of which the forward-looking statements were made, except as required by law. Article content Article content Article content Article content Contacts Article content RB Global Contacts Media Inquiries: Val Alitovska | RB Global, Inc. Director, Corporate Communications (312) 505-9900 valitovska@ Article content Article content
