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Capital One Q2 Earnings Preview: Increased Spending, Decline In Revenue Expected

PYMNTS

Financial experts are predicting Capital One’s second-quarter earnings will fall below expectations, despite their moderate success in the first quarter. Last year, Capital One spent $18.6 Capital One will publish their second-quarter earnings report at 4:05 p.m. The financial institution surpassed expectations last quarter.

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Will Chicago Be The Next City To Say Bye-Bye To Uber And Lyft?

PYMNTS

A vote in Chicago this week could decide if Uber and Lyft will continue to operate there, as the vote from the full city council will determine whether or not ride-sharing firms will have to comply with the same types of regulations city-licensed taxi drivers are forced to. Chicago Mayor Rahm Emanuel notably opposes the measure.

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PayPal Provides $5M In Grants To Support Minority Businesses

PYMNTS

He said to do so they must take the long-term view while being mindful of the intersection of finance, operations and the customer experience while finding new methods to measure and address pain points. CFOs get typecast more than other executives as being just debit- and credit-oriented,” Rainey told PYMNTS.

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The Gap Sets Out Digital-First Strategy

PYMNTS

This week Starwood Retail Partners defaulted on one of its suburban Chicago malls. The Chicago property is the nearly 1 million-square-foot Louis Joliet Mall. lost $62 million in the most recent quarter. The Gap moves are yet another blow to the mall sector.

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AeroPay Closes Seed Round Led By Continental Investors

PYMNTS

Alternative payments platform AeroPay is looking to accelerate its growth after closing a seed round of capital led by a top FinTech investment firm. The Chicago-based FinTech announced on Tuesday (Sept. 29) that it had inked a funding deal with Continental Investors. The amount was not disclosed.

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SMB Card FinTech Bucks Coronavirus Uncertainty With Funding

PYMNTS

It’s too soon to tell how coronavirus will impact the venture capital ecosystem, but some analysts are turning to the economic crisis of 2008 to make some educated guesses. Venture Partners, while existing backer Chicago Ventures and newcomer Soma Capital also participated, according to a press release. ”

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GoHealth Ready To Launch $750M IPO

PYMNTS

Chicago-based GoHealth has filed to raise $750 million in an initial public offering (IPO) of its Class A common stock, according to an amendment to its registration seen by Seeking Alpha. Thus far, the company has received $869 million from investors, with one of them being Centerbridge Capital Partners. The company wants to sell 39.5

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