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JPMorgan Chase CEO Jamie Dimon reportedly said Friday (May 30) that after excessive spending by the U.S. government and quantitative easing by the Federal Reserve, a crack in the bond market is “going to happen.”
Speaking at the Reagan National Economic Forum, Dimon said, per a Bloomberg report, “I just don’t know if it’s going to be a crisis in six months or six years, and I’m hoping that we...
Walmart is getting ready for the agentic artificial intelligence revolution in retail.
The world’s largest retailer disclosed in a Thursday (May 29) company blog post how it is preparing for an era where robot shoppers will buy products and services from robot sellers, accessing websites optimized for them with the goal of delivering fast, hyper-personalized experiences to human shoppers.
“While...
Infosys’ business process management arm, Infosys BPM, has added artificial intelligence agents for invoice processing to its Infosys Accounts Payable on Cloud solution.
This solution makes invoice processing largely autonomous to enhance efficiency and accuracy, the company said in a Friday (May 30) press release.
The solution includes the capabilities of the suite of generative AI services,...
Today’s consumers demand faster, cheaper and more transparent payments.
The goal is to provide a familiar experience regardless of what’s happening under the hood. “Payments should just work” could be one of the overarching themes of the 2020s FinTech, banking and crypto innovation landscape.
It will likely be a major theme of the payments landscape of the 2030s, too.
Increasingly, the payments...
Amazon Web Services (AWS) is reportedly continuing to add data centers after opening a cluster of them in Mexico earlier this year.
The company is building new facilities in Chile, New Zealand, Saudi Arabia and Taiwan, AWS CEO Matt Garman said, per a Friday (May 30) Bloomberg News report.
As it works to increase its capacity to power artificial intelligence, AWS also aims to expand its stock of...
HSBC is reportedly winding down its business banking unit in the U.S. as it sharpens its focus on other markets.
As it disbands the business banking unit, which served small and medium-sized businesses (SMBs) in the U.S., the bank laid off 40 employees earlier this week and notified the unit’s 4,400 clients, The Wall Street Journal (WSJ) reported Friday (May 30).
“We are supporting … clients...
The volume of worldwide smartphone shipments in 2025 is expected to be impacted by uncertainty, tariff volatility and a slowdown in consumer spending, market intelligence firm International Data Corporation (IDC) said Thursday (May 29).
IDC lowered its forecast for worldwide smartphone shipments in 2025 from the 2.3% year-over-year growth it expected in February to 0.6%, the firm said in a...
Dojo, a payments technology provider in the United Kingdom, secured a $190 million investment from global growth investment firm Vitruvian Partners to accelerate its growth in the U.K. and expand across Europe.
Dojo offers a cloud-native platform that provides in-person and digital payment solutions together with business funding, booking management software and other value-added services, the...
Certainty is at a premium in uncertain times, particularly across the landscape of cross-border B2B commerce.
The volatile tariff landscape has reportedly cost companies over $34 billion in lost sales and higher costs while at the same time throwing supply chains and overseas relationships into disarray. And while the tariffs were blocked by the U.S. Court of International Trade Wednesday (May...
This week in artificial intelligence, newsmakers include Google, Claude, Microsoft, Nvidia and Saudi Arabia.
Brands Must Lean Into AI Chatbots as Google Search Changes
AI chatbots are transforming how search works, making traditional SEO tactics less effective.
“It is fundamentally changing the search engine optimization (SEO) universe,” Local Falcon CEO David Hunter told PYMNTS in an interview...