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America’s furniture sellers could soon face additional tariffs on imports.
Last week, President Donald Trump announced on social media that the government was probing furniture imports to the U.S., an investigation set to wrap up within 50 days. Tariffs could come “at a rate yet to be determined,” the president added.
As the Wall Street Journal (WSJ) reported Monday (Aug. 25), that...
VersaBank’s wholly owned subsidiary, VersaBank USA, launched an internal pilot program in the United States for the U.S.-dollar version of its bank-issued tokenized deposits.
The bank completed a similar pilot program of these tokenized deposits, dubbed Digital Deposit Receipts (DDRs), in Canada and is now testing them in the U.S. to ensure compliance with U.S. banking regulations,...
New research shows that artificial intelligence is making it harder for young workers to land jobs, The Wall Street Journal reported Tuesday (Aug. 26).
The trend is happening in fields where generative AI tools can automate jobs done by humans, the report said, citing research by Stanford University economists Erik Brynjolfsson, Bharat Chandar and Ruyu Chen.
The researchers reviewed...
A pair of Japanese media companies accused artificial intelligence search engine Perplexity of copyright infringement, the Financial Times (FT) reported Tuesday (Aug. 26).
The infringement lawsuits filed by Nikkei and the Asahi Shimbun newspaper are part of a growing list of news publishers taking AI firms to court over the use of their work, the report said.
The companies alleged that...
Temu reportedly restarted shipping products from China to consumers in the United States after a tariff-related truce.
Suppliers, partners and investors said the eCommerce platform resumed making “fully-managed” shipments, the Financial Times reported Tuesday (Aug. 26).
Those shipments are ones in which Temu takes care of most of the logistics and customs formalities on behalf of...
Artificial intelligence (AI) is moving beyond search and recommendations into actively helping consumers shop, with new agentic AI tools designed to browse, compare and even purchase products on behalf of consumers.
New data from PYMNTS Intelligence shows that AI shopping adoption is already gaining ground among younger and middle-aged consumers. About one-third of all respondents (32...
Swedish digital bank/pay later provider Klarna has reportedly resurrected its plan to go public.
The company is aiming for a valuation of between $13 billion and $14 billion with its U.S. initial public offering (IPO) next month, Reuters reported Tuesday (Aug. 26), citing two sources familiar with the matter.
Klarna announced March 14 that it filed to go public with the Securities and...
Watch more: Locking In Loyalty: Securing Top-of-Wallet Status in a Changing Economy
After decades of copy-and-paste points programs, consumers and enterprises are rethinking what it means to earn and keep loyalty.
Retailers, issuers and brands are under pressure to improve unit economics, differentiate their offerings, and meet consumers where they are digitally, socially and...
Watch more: Searching for Reliable Signals in Banking’s New Data Reality
Financial institutions, especially credit unions, are finding themselves in uncharted territory. The promise of artificial intelligence (AI) to unlock strategic insights is often juxtaposed against a backdrop of uncertainty regarding data provenance, bias and reliability.
As Jeremiah Lotz, senior vice president,...
Cash flow has long been the make-or-break factor for small enterprises.
Unlike large corporations with credit lines, cash reserves and investor buffers, small- to medium-sized businesses (SMBs) often run on tight liquidity schedules. Delays in receiving payments can ripple through the organization. Vendor bills pile up, payroll becomes strained and inventory replenishment slows....