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Five Below’s second quarter results spotlighted a resilient consumer, as comparable sales surged 12.4% year over year. Management noted during commentary with analysts that transactions and ticket sizes both increased, up a respective 8.7% and 3.4%.
The earnings results indicated that consolidated net sales were 23.7% higher to about $1 billion.
Investors sent the stock up by 1.5% in...
The City of Baltimore lost over $803,000 when a fraudster diverted two of the city’s electronic fund transfer (ETF) payments intended for a vendor to another bank account.
One payment valued at over $721,000 was retrieved by the city, while the other one valued at over $803,000 has not been recovered, the Office of the Inspector General of the City of Baltimore said in an investigative...
Few companies in history have experienced a revenue trajectory as dramatic as Nvidia’s over the past two years.
The latest numbers from its second quarter 2026 earnings, shared Wednesday (Aug. 27), underscore not just the resilience of its business model but also the volatility of operating at the frontier of artificial intelligence (AI), data infrastructure, and global trade policy...
Auditoria.AI said Wednesday (Aug. 27) that it enhanced its intelligent applications for corporate finance during the first half of the year by adding a new artificial intelligence (AI) agent and by forming new enterprise resource planning (ERP) partnerships.
“The first half of 2025 has been a defining period for Auditoria,” Rohit Gupta, CEO and co-founder of Auditoria.AI, said in a...
Chase is encouraging its customers who receive paper checks from the government to enroll in direct deposit as the U.S. Treasury’s Sept. 30 deadline for the phaseout of paper checks for most federal payments nears.
In a Wednesday (Aug. 27) press release, the bank suggests that customers enroll in direct deposit by contacting the federal agency that pays their benefits, visiting...
Artificial intelligence startups Anthropic and OpenAI said Wednesday (Aug. 27) that they evaluated each other’s public models, using their own safety and misalignment tests.
Sharing this news and the results in separate blog posts, the companies said they looked for problems like sycophancy, whistleblowing, self-preservation, supporting human misuse and capabilities that could...
Google’s Layer 1 blockchain will provide a neutral infrastructure layer for use by financial institutions, Google Cloud Head of Strategy, Web3 Rich Widmann said Tuesday (Aug. 26).
Writing in a post on LinkedIn, Widmann said the blockchain, Google Cloud Universal Ledger (GCUL), “brings together years of R...
When the Consumer Financial Protection Bureau posts a notice in the Federal Register, the language is usually dense, procedural and, at least for some, easy to overlook.
A bulletin published Tuesday (Aug. 26) sets the stage for a new definition of “risks to consumers” in supervisory designation proceedings. It may quietly redraw the lines of who is, and who is not, subject to the CFPB’...
Circle and Paxos Trust reportedly devised a way to help companies verify digital asset holdings.
The two firms are working with Bluprynt, a FinTech startup founded by Georgetown Law School professor Chris Brummer, Bloomberg reported Wednesday (Aug. 27). They are employing cryptography and blockchain technology to offer issuer verification once stablecoins are released by a company.
A...
Tariffs have reportedly led to an increase in the number of wealthy Americans traveling to Europe to buy luxury goods.
Some consumers make these trips to avoid paying tariffs—although they are supposed to declare their purchases to customs agents upon their return to the U.S.—while others pay the tariffs and still come out ahead due to other savings, CNBC reported Wednesday (Aug. 27),...