Feed Items
Bank of London is still under investigation by U.K. regulators amid ongoing losses.
The clearing bank recorded a net loss of 24 million pounds for the year ending Dec. 31, 2024, according to corporate filings from last week, flagged in a Saturday (Jan. 24) report by the Dow Jones-owned Financial News.
Those filings, which the report said were submitted late for the second year running...
There are increasing signs that tariff-related prices are eating into corporate profits, Reuters reported Monday (Jan. 26).
This week will bring earnings reports from several companies that have a global reach, including General Motors, Colgate-Palmolive and packaged goods provider Kimberly-Clark, the report said. Although consumer spending has largely held up, shoppers, especially in...
For decades, the prevailing view in artificial intelligence (AI) and analytics has been “more data is better.” Larger datasets are often associated with improved model accuracy and stronger performance across unpredictable scenarios. This assumption has driven enterprises to invest heavily in data acquisition, and the computing power required to process ever-expanding volumes of information...
For nonprofit thrift store company Goodwill, 2025 was apparently a very good year.
As The New York Times (NYT) reported Monday (Jan. 26), the largest chain of its kind in the world saw record revenues of $7 billion last year, a sign that consumers are feeling pinched.
“We are pretty steady in almost any economic situation,” Goodwill CEO Steven C. Preston told the newspaper. “But when...
British AI startup Synthesia is now a $4 million company after raising $200 million.
The company, which makes artificial intelligence avatars for businesses to use for in-house and external communication, announced its Series E funding round Monday (Jan. 26), with the venture capital arms of Google and Nvidia among the investors.
Synthesia says it plans to use the new capital to build...
Apple is ready to begin offering app developers an expanded advertising opportunity.
The new service, which allows for increased advertising by App Store developers during user searchers, will be available in March, the company said in a recent update.
“When a user searches on the App Store, your ad can appear at the top of their search results,” Apple said in the update, flagged in a...
By most headline measures, 2025 looks like a year where crypto crime exploded.
An estimated $154 billion flowed to illicit addresses, the highest total on record and a 160% jump in illicit volumes according to data cited by Eric Jardine, head of research at Chainalysis.
But treating that number as evidence of runaway criminal adoption may miss the more consequential story. What...
Consumer spending continues to move fluidly across digital and physical channels, but groceries are emerging as one of the clearest signals of where financial pressure is reshaping consumer behavior.
While grocery prices are often used as shorthand for inflation, grocery baskets themselves have not changed dramatically in size or composition. Instead, PYMNTS Intelligence finds that...
Enthusiasm leads to execution, which leads to results. That’s the equation that usually signals an integration of technology into an enterprise — and agentic AI is no different. The dynamics observed over the past week in The Prompt Economy show that companies are enthused and starting to execute, building systems to produce the results.
A new report from Harvard Business Review...
A growing share of Americans are making credit decisions before they ever fill out an application, and many of those decisions are based on assumptions rather than experience.
That is the central takeaway from a new PYMNTS Intelligence report, “Consumer Credit Economy: Strategy vs. Spontaneity—Navigating the Great Credit Divide,” published in September. The research looks beyond...