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Lawmakers to OCC: Take banks out of crypto August 12

Banks have asked for the head seat at the table regarding crypto regulations—but just days later, lawmakers want to claw back the few capabilities they already have.

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Kohl’s makes a move to attract holiday shoppers: The retailer is expanding same-day in-store pickup options to all locations, but the move likely won’t be enough to reverse its slide.

Marqeta reported a 53% YoY increase in total processing volume in Q2. Outgoing CEO Jason Gardner outlined growth plans for H2.

More than anything else, cash-back credit card customers want security and control. Free identity theft insurance and Social Security number monitoring are by far the most valued features among potential users of these cards in the US. These consumers also look for ease of earning and redeeming rewards.

On today's episode, we discuss the most interesting thing about Amazon's recent performance, how its ad business is fairing, and why the retail giant bought a robotics company. "In Other News," we talk about why Facebook is moving away from live shopping and what to make of the new Nike Style store. Tune in to the discussion with our analyst Andrew Lipsman.

Oscar Health halts new deals on IT platform for 18 months: Oscar hit a snag with its Health First deal and is directing focus there. Its insurtech peers face troubles, too.

Can’t afford a picnic: Microsoft cut contractors, laid off an entire division, and tightened its expense belt. Between gloomy cloud forecasts and regulations, things could get tougher for Big Tech.

Our Retail Reimagined podcast team talked connected fitness this week. Here are the highlights.

The rise of cybersecurity threats is changing the behaviors of both consumers and companies.

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The VC’s $100M fund for early-stage startups in the Latino community is the latest in a growing number of niche-focused funding rounds.