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Credit card delinquencies among American consumers reportedly crept up slightly last month.
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The average delinquency rate, which measures late payments, rose to 2.66% in July from 2.63% in June, Seeking Alpha reported Saturday (Aug. 16). That figure was down from 2.87% in July of last year and 2.68% in July 2019, before the COVID pandemic.
At the same time, the average...
Have you found yourself struggling to make the most of your credit card rewards?
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According to a Sunday (Aug. 17) report by The New York Times (NYT), you aren’t alone, as banks and airlines have grown more savvy about limiting perks and ending loopholes.
That means some travel cards now come with steeper annual fees and benefits that industry experts say make it...
Would you count an AI among your list of friends?
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Karandeep Anand, the CEO of artificial intelligence (AI) chatbot company Character.AI, told the Financial Times (FT) Sunday (Aug. 17) that he envisions a future in which that will happen.
“They will not be a replacement for your real friends, but you will have AI friends, and you will be able to take learnings from...
This week will see Walmart and other major U.S. retailers report their quarterly earnings.
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And as Bloomberg News noted in a report Saturday (Aug. 16), these numbers will offer a glimpse into how U.S. consumers are coping with White House tariffs.
While consumer spending has been resilient over the past few years, the report said that investors will want to see how long...
Cryptocurrency exchange Gemini says it is ready to go public amid rising losses.
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The company, led by billionaire twin brothers Cameron and Tyler Winklevoss, filed for an initial public offering (IPO) Friday (Aug. 15) with the Securities and Exchange Commission (SEC).
The filing shows Gemini had net losses of $282.5 million and revenues of $67.9 million for the first six...
David’s Bridal once helped you snag a gown; now it wants to outfit your inner gremlin. The 70-year-old retailer will make you a dress for your Labubu plushie. It’s the latest twist in the runaway toy craze that’s turned Pop Mart’s snaggle-toothed sprite into a $1 billion culture bomb. But wedding aisles are hardly the weirdest place you can nab (or lose) a Labubu. Strap in.
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The ChatGPT mobile app is reportedly earning more than six times as much revenue as it did last year.
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The artificial intelligence (AI) chatbot app for iOS and Android devices has made $1.35 billion this year, through July, up from the $174 million it made during the same seven-month period in 2024, TechCrunch reported Friday (Aug. 15), citing data from Appfigures.
The...
Routable added the FedNow® Service to the instant payment capabilities accessible through its accounts payable automation platform.
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The FedNow Service expands the availability of instant payments for customers who transact with smaller or regional banks. Routable customers can now send instant payments to 85% of bank accounts via FedNow and the RTP® network’s real-time...
The modernization of transportation isn’t just about the shiny new buses or autonomous pilot.
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The transformation of public systems that ferry millions of individuals across towns and cities lies with the plumbing that fuses digital scheduling with fare payments, letting agencies knit together subsidies, eligibility checks and rider wallets in one flow.
The PYMNTS...
The rush to integrate artificial intelligence (AI) into enterprise operations is colliding with a complex and sometimes underestimated reality: Deploying AI at scale can be pricey, and the true cost can extend far beyond the per-million-token rates on vendor websites.
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According to recent PYMNTS Intelligence data, the cost of deploying AI is the second biggest drawback...