Feed Items
Consumer spending in the United States has proven resilient through a volatile year, but cracks are emerging at the low end of the credit spectrum.
With third-quarter earnings season beginning later this month, the performance of the nation’s biggest banks will provide new details on how subprime consumers are weathering financial pressures.
The results will help determine whether...
Trade is adapting to the accelerating change reshaping global growth.
Last year, more than $24 trillion in goods crossed borders. Roughly 80% to 90% of that trade requires some form of financing, whether from credit lines, guarantees or insurance.
For decades, the dollar-dominated, bank-led machinery of global trade finance worked in the background. Now, trade volatility, supply chain...
Amazon founder Jeff Bezos reportedly said Friday (Oct. 3) that the artificial intelligence boom is an “industrial bubble” rather than a “financial bubble,” meaning that even if the sector’s share prices collapse, the technology’s benefits will remain.
Speaking at Italian Tech Week, Bezos pointed to the fiber-optic cable that outlived the dot-com crash and the life-saving drugs that...
Goldman Sachs Group reportedly calculated that initial claims for unemployment benefits in the United States inched up from 218,000 to 224,000 during the week ended Saturday (Sept. 27).
The bank published these figures because the federal government shutdown prevented the Labor Department from releasing the data it usually produces each week, Bloomberg reported Friday (Oct. 3).
Goldman...
Samsung Galaxy smartphone users in the United States can now access the membership program Coinbase One within the Samsung Wallet app to explore crypto.
Samsung and cryptocurrency exchange Coinbase launched this offering in the U.S. Friday (Oct. 3) and plan to expand it to other markets around the world, they said in a Friday blog post.
Coinbase One provides its members with zero...
DualEntry emerged from stealth Friday (Oct. 3) and said it raised $90 million in a Series A funding round and a total of $100 million over the last 15 months for its artificial intelligence-native enterprise resource planning (ERP) software.
The ERP is built from the ground up with AI and automates 90% of manual tasks for finance teams, the company said in a press release.
Designed to...
Bank of America Securities projects that ChatGPT will handle approximately 20 billion shopping-related messages in 2025, underscoring how deeply artificial intelligence (AI) is integrating into the commerce journey.
Last year’s holiday season saw global retail sales surge to $1.2 trillion, including $282 billion in the United States, as AI chatbot and agent engagement jumped 42%. But...
Coupa has added four new artificial intelligence agents to its spend management platform.
The AI agents are among more than 100 enhancements included in the platform’s latest update, the company said in a Friday (Oct. 3) press release.
The new additions include an Analytics Agent that provides richer visualizations and a more interactive way of exploring procurement data; a Bid...
Electronic shelf labels are reportedly raising concerns among some lawmakers.
The lawmakers fear that this technology would make it easier for grocery chains to use dynamic pricing, a strategy in which they could raise prices during times of high demand, CNBC reported Friday (Oct. 3).
Electronic shelf tags, which are digital screens that replace paper price tags on retailers’ shelves,...
Stablecoins were once the province of private issuers, characterized by opaque backing, fragmented liquidity and minimal oversight.
At times, they behaved more like speculative assets than steady payment mechanisms.
However, established banks and global payment networks are increasingly embedding stablecoins into settlement rails that corporates and treasurers may trust.
Why...