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Earnings dragged down several names in the FinTech IPO Index, but the overall performance was positive, up 1.2%.
A few double-digit gainers led the way.
MoneyLion shares gained more than 20% through the past five sessions.
As has been spotlighted by PYMNTS earlier in the month, the business model has been transforming toward what CEO Dee Choubey told Karen Webster might be likened to the...
Banks are increasingly aware of the competitive threat posed by digital-native FinTechs, which are quickly gaining market share with innovative digital offerings. Until 2024, only a minority of bankers saw this threat as significant, but that share rose to a majority this year, with 60% of bank executives now seeing big FinTechs as a significant threat to their business, up from 47% in 2023. This...
As Amazon looks to make a dent in Walmart’s share of consumer grocery spending, the eCommerce company is joining the list of retail giants making widespread price cuts to common food items as shoppers seek the best bargain.
The online marketplace’s Amazon Fresh grocery division is rolling out discounts of up to 30% on 4,000 items, although the specific markdowns will vary week to week, CNN...
As payments shift from traditional and manual workflows to automated, digital ones, everything will change.
And that’s a good thing for global commerce.
“Across the global landscape, three things are driving payments modernization,” Rossana Thomas, vice president and general manager of the Enterprise Payments Platform at Fiserv, told PYMNTS for the series “What’s Next in Payments: Payments...
Discretionary items are back on consumers’ shopping lists, Costco said Thursday (May 30) during its quarterly earnings report.
During the quarter ended May 12, the retailer saw toys, tires, lawn and garden, and health and beauty aids lead growth in the non-foods category.
“As inflation has leveled off, our members are returning to purchasing more discretionary items,” Gary Millerchip, executive...
Nike’s layoffs have reportedly impacted employees in the company’s archive that stores shoes, gear and other artifacts from the brand’s history.
Some members of the small team at the Department of Nike Archives (DNA) have been laid off, Bloomberg reported Thursday (May 30).
DNA was started in 2006, is housed in Nike’s headquarters in Oregon and stores 200,000 items, according to the report. The...
TikTok has denied a Reuters report that it is developing a clone of its recommendation algorithm specifically for its 170 million U.S. users.
Reuters reported Thursday (May 30) that the social media platform aims to create a version that operates independently of its Chinese parent company, ByteDance, and potentially appease American lawmakers who voted to force a sale of TikTok’s U.S. operations...
Walmart will hold its members-only event, Walmart+ Week, June 17 to 23.
The event will feature seven days of offers and savings available to Walmart+ members, the retailer said in a Thursday (May 30) press release.
“Additionally, we’re introducing our first-ever mystery offer, set to be revealed on June 20,” Venessa Yates, general manager and senior vice president of Walmart+, said in the release...
Digital assets have experienced a significant year, with the market moving toward mainstream adoption.
This shift has resulted in a decrease in price volatility, which had been a key attraction for many investors, Bloomberg reported Thursday (May 30).
As a result, the largest U.S. crypto exchange, Coinbase, has experienced a decline in consumer trading volume and a potential shake-up in its...
As a pulse check on the paycheck-to-paycheck consumer, Dollar General’s most recent Q1 earnings showed that one of the economy’s most closely watched demographic groups is still undergoing changes.
By posting better-than-expected revenue, the 19,000-store chain showed more consumer visits compared to 2023, but a lower average spend as pricing pressures took their toll on consumer wallets.
“She...