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Simon Property Group has seen a “big comeback” in malls, driven in part by domestic tourism.
The company, which is a real estate investment trust that owns shopping, dining, entertainment and mixed-use destinations, saw its occupancy rise 1.1% year over year (YoY) and reach 95.5% as of March 31, Simon said in a Monday (May 6) earnings release.
It also saw its base minimum rent per square foot...
As businesses seek to strengthen the connected economy, they are harnessing artificial intelligence (AI) to bolster security measures and combat the ever-evolving landscape of sophisticated cyberthreats.
Accenture and Oracle announced a joint investment in generative AI solutions aimed at helping organizations securely extract more value from their data. Meanwhile, Proofpoint unveiled new email...
Rocket Companies has hired Thomson Reuters veteran Shawn Malhotra as its first chief technology officer (CTO).
In this newly created role, Malhotra will oversee the development and implementation of artificial intelligence (AI), data science, product engineering, technology operations, information security and other areas across the firm’s ecosystem, Rocket Companies said in a Monday (May 6) ...
Tesla has reportedly laid off employees across several departments over the last three weeks.
These job cuts follow the automaker’s announcement three weeks ago that it was laying off 10% of its workforce, Electrek reported Monday (May 6).
Workers in software, service and engineering roles have been impacted by the layoffs, according to the report.
Tesla CEO Elon Musk has said that the job cuts...
We’ll know more detail when Fidelity National Information Systems (FIS) holds its investor day on Tuesday (May 7).
But ahead of that event, the company’s first quarter earnings, and management commentary, took note of growth in key banking and capital markets solutions.
During the Monday (May 6) conference call, sans Q+A, CEO Stephanie Ferris said that the company was “experiencing solid new...
Paying bills is rarely fun. And it’s not just that — paying bills is also rarely easy, especially as a business.
That’s why, across today’s bill pay landscape, which remains full of manual legacy solutions, whenever a bill gets paid, there is often a more convenient and streamlined way to do it.
And according to Paymentus Holdings’ Founder and CEO Dushyant Sharma, more and more businesses are...
The Massachusetts Supreme Judicial Court heard oral arguments Monday (May 6) regarding a proposed ballot measure that seeks to redefine the employment relationship between rideshare and delivery drivers and companies like Uber and Lyft.
The court’s justices expressed concerns over certain aspects of the proposal but seemed unlikely to fully support the argument that it violates the state’s ...
Banks are seeing a slide in demand for loans — at the same time that they’re tightening lending standards.
And the pressures, as noted in the most recent Federal Reserve survey of loan officers through the “Senior Loan Officer Opinion Survey on Bank Lending Practices,” have impacted all manner of loan types, spanning commercial and consumer options.
The survey, which covered the first quarter of...
As consumers continue to feel economic pressures constrain their budgets, ThredUp sees shoppers pull back on buying clothes — even lower-cost secondhand ones.
On a call with analysts discussing its first-quarter 2024 earnings results, the resale platform observed that shoppers have been spending more conservatively. CEO James Reinhart noted that while these financial challenges have consumers...
Fifty-seven percent of the total accounts receivable (AR) transactional volume flowing into the coffers of small to mid-sized businesses (SMBs) comes in the form of nonrecurring, ad hoc payments.
Yet, PYMNTS Intelligence found that in most cases, the process around receiving and processing these ad hoc payments is far from efficient. Delays are common, and those delays can result in cash flow...