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Economy

PYMNTS - Economy

9 | Follower

PYMNTS

22.04.2025

Report: New Valuation Push for Elon Musk’s xAI

Elon Musk was reportedly on an investor call and is seeking to establish a “proper valuation” for his AI startup xAI.

PYMNTS

22.04.2025

Sand, Soccer, Smartphones: Why Brazil Leads Mobile Shopping

Brazilian consumers outpace their U.S. counterparts in using their phones to shop. A forthcoming PYMNTS Intelligence report shows why.

PYMNTS

22.04.2025

Instant Payment Adoption Surges as SMBs Race to Meet Payroll

Urgency defines which small and medium-sized businesses (SMBs) use instant payment methods, reducing their reliance on paper checks and ACH.

PYMNTS

22.04.2025

Steel Market Squeezed by ‘Anaconda Plan’ – Will Pain Bring Gain?

Bryzos CEO Shep Hickey discusses the impact of a 25% tariff on all steel imports on global supply chains and import businesses.

PYMNTS

22.04.2025

Shopify to Face Data Privacy Class Action After Court Ruling

Shopify is facing a data privacy class action lawsuit in the U.S. alleging Shopify installed tracking software on a customer's phone.

PYMNTS

22.04.2025

Tap-to-Pay Metal Cards Touted as Shield Against Digital Fraud

Authentication needs a solution that provides protection without overburdening users, like tap-to-authenticate metal payment cards.

PYMNTS

22.04.2025

FTC Lawsuit Targets Uber’s Subscription Service

The Federal Trade Commission filed a lawsuit against Uber, accusing the company of deceptive billing and cancellation practices.

PYMNTS

22.04.2025

Judge Blocks DOGE From Social Security Data

A federal judge blocked DOGE from accessing sensitive personal information at the Social Security Administration.

PYMNTS

22.04.2025

Reports: FDIC Plans to Reduce Staff by 20%

The FDIC plans to cut about 20% of its staff, 1,250 employees, through early retirement, incentives for retirement and layoffs.

PYMNTS

22.04.2025

Investors Expect Secondhand Stores to Profit From Tariffs

Investors expect tariffs to be good for sellers of secondhand goods. Shares are up for ThredUp (31%) and Savers Value Village (22%).

PYMNTS

21.04.2025

Corporates Pressure Banks to Speed Instant Payments Adoption

Transaction limit increases by The Clearing House’s RTP network and FedNow may do much to spur increased adoption by commercial clients.

PYMNTS

21.04.2025

AI Startup Mechanize Aims for 'Automation of All Work'

Will AI replace humans in the workplace? The founder of Mechanize seems to think so. The startup debuted last week with that mission.

PYMNTS

21.04.2025

CE 100 Index Slips 0.2% as United Healthcare Plunges

United Healthcare led to the downside this week, sliding 24%. Payments related names offset the decline, and the CE 100 Index was 0.2% lower.

PYMNTS

21.04.2025

Uncertainty May Be New Normal, but Doing Business Is Important

Boost Payment Solutions CEO Dean Leavitt and Ingo Payments CEO Drew Edwards discuss how companies can navigate today’s economic uncertainty.

PYMNTS

21.04.2025

Digital Wallets Usage for Cross-Border Payments in the US

Digital wallets are becoming the norm for U.S. consumers making cross-border payments, but many small businesses are holding back. Learn why.

PYMNTS

21.04.2025

Inside the Tariff Turbulence for American Agriculture

Agribusiness relies on its ability to adapt. Software provider Bushel CEO Jake Joraanstad says adaptation is happening with digital speed.

PYMNTS

21.04.2025

Chicago Fed: Tariff-Related Panic Buying Could Precede Slump

“Panic buying” could create an “artificially high” level of economic activity, followed by a slowdown, says Chicago Fed president.

PYMNTS

21.04.2025

45% of Middle-Market Firms Report Increased Use of GenAI

A PYMNTS Intelligence report finds CFOs are increasingly leveraging GenAI for high-impact tasks like financial reporting.

PYMNTS

21.04.2025

Listening Economy: Profitable Customer Conversations

Top firms including Coupa, Worldpay, Marqeta and FIS share their strategies in the new quarterly PYMNTS eBook on “The Listening Economy.”

PYMNTS

21.04.2025

Temu Reportedly Cuts Back on Paid Ads After Tariff Price Hikes

Last week, Shein and Temu announced plans for tariff-related price hikes. Meanwhile Temu has scaled back on paid advertising.

PYMNTS

19.04.2025

Google Updates Workspace With More Capabilities

Google is upgrading Workspace, its rival to Microsoft 365, by embedding more artificial intelligence (AI) and other functionality.

PYMNTS

19.04.2025

Financial Platforms Eye Banking and Neobanks Branch Out

Neobanks are branching into investing and credit card rewards, while investment platforms reach into banking, appealing to younger consumers.

PYMNTS

19.04.2025

This Week in AI: Tariffs, Tech Giants’ Antitrust Woes, ChatGPT

It’s a big week for AI, as hardware is being dinged by tariff troubles while Meta and Google are in the crosshairs of the U.S. government.

PYMNTS

19.04.2025

Pershing Square CEO Suggests Hertz-Uber Partnership

Pershing Square CEO Bill Ackman said Hertz and Uber would be ideal partners to roll out a fleet of autonomous vehicles (AVs).

PYMNTS

19.04.2025

Judge Puts Hold on CFPB Plan to Lay Off Most Employees

A federal judge blocked the Trump Administration’s plan to lay off 90% of the staff of the Consumer Financial Protection Bureau (CFPB).

PYMNTS

19.04.2025

Google to Appeal Ruling in Advertising Technology Case

Google reportedly said it will appeal a judge’s ruling that the company holds an illegal monopoly on online advertising technology.

PYMNTS

19.04.2025

Capital One Expects Discover Acquisition to Close May 18

Capital One said it has received all required regulatory approvals to complete its proposed acquisition of Discover Financial Services.

PYMNTS

19.04.2025

Security Startup Pillar Raises $9 Million to Tackle AI-Specific Risks

AI security startup Pillar Security has raised $9 million in seed funding to expand its research and development and go-to-market efforts.

PYMNTS

19.04.2025

Money Talks, and Now It Also Has a Museum in Boston’s Seaport

As the Museum of American Finance plans its 2026 opening at Boston’s Seaport, the PYMNTS Weekender mulls some playful ideas for exhibits.

PYMNTS

19.04.2025

Enterprise Modernization Ditches Clunky Human Handoffs

PYMNTS Intelligence helps spotlight the growing ways that enterprise operations are now being dragged into an AI-powered future.

PYMNTS

18.04.2025

FinTech IPO Index Gains 3.3% as Pay Later Continues March

Partnerships dominated FinTech IPO headlines this past week, sending the likes of Toast, nCino and Upstart higher.

PYMNTS

18.04.2025

Singapore Businesses Embrace Digital Wallets, Consumers Behind

PYMNTS Intelligence finds digital wallets can help make cross-border payments smoother and faster, but consumer awareness is limited.

PYMNTS

18.04.2025

Inside Amazon and Walmart’s Race to Win the Last Mile

The convergence of AI, logistics and payments is creating a new retail operating system, making Walmart and Amazon rethink their strategies.

PYMNTS

18.04.2025

Digital Disbursements, Claims Eliminate Insurance Pain Points

One Inc. CEO Ian Drysdale discusses how his company is solving challenges for insurers when they make the leap to digital payments.

PYMNTS

18.04.2025

Real-Time Payments Surge in US and Brazil

The growth of real-time payments has been global, as detailed in the latest report from PYMNTS Intelligence and The Clearing House.

PYMNTS

18.04.2025

Earnings Roundup Finds Resilient Consumer Spend, Solid Credit

Consumer confidence may be wobbling, but KeyCorp, Truist, American Express and Fifth Third just booked stronger results.

PYMNTS

18.04.2025

Netflix Says Demand ‘Stable’ Amid Recession Fears

The online streaming giant’s co-CEOs say entertainment is more resistant to recession than other industries.

PYMNTS

18.04.2025

1Fort Raises $7.5M for AI Platform for Business Insurance

InsurTech startup 1Fort has raised $7.5 million in a funding round to enhance the AI capabilities of its platform for business insurance.

PYMNTS

18.04.2025

42% of Suspicious Banking Activity Linked to Identity Fraud

PYMNTS Intelligence explores the growing threat of identity fraud and the technologies being adopted by FinTechs to protect their customers.

PYMNTS

18.04.2025

Reports: CFPB Laying Off 90% of Staff

The CFPB is reportedly in the process of laying off 1,500 employees, which will reduce the agency’s staff to 200.

home›PYMNTS›Economy

PYMNTS - Economy

Report: New Valuation Push for Elon Musk’s xAI

Sand, Soccer, Smartphones: Why Brazil Leads Mobile Shopping

Instant Payment Adoption Surges as SMBs Race to Meet Payroll

Steel Market Squeezed by ‘Anaconda Plan’ – Will Pain Bring Gain?

Shopify to Face Data Privacy Class Action After Court Ruling

Tap-to-Pay Metal Cards Touted as Shield Against Digital Fraud

FTC Lawsuit Targets Uber’s Subscription Service

Judge Blocks DOGE From Social Security Data

Reports: FDIC Plans to Reduce Staff by 20%

Investors Expect Secondhand Stores to Profit From Tariffs

Corporates Pressure Banks to Speed Instant Payments Adoption

AI Startup Mechanize Aims for 'Automation of All Work'

CE 100 Index Slips 0.2% as United Healthcare Plunges

Uncertainty May Be New Normal, but Doing Business Is Important

Digital Wallets Usage for Cross-Border Payments in the US

Inside the Tariff Turbulence for American Agriculture

Chicago Fed: Tariff-Related Panic Buying Could Precede Slump

45% of Middle-Market Firms Report Increased Use of GenAI

Listening Economy: Profitable Customer Conversations

Temu Reportedly Cuts Back on Paid Ads After Tariff Price Hikes

Google Updates Workspace With More Capabilities

Financial Platforms Eye Banking and Neobanks Branch Out

This Week in AI: Tariffs, Tech Giants’ Antitrust Woes, ChatGPT

Pershing Square CEO Suggests Hertz-Uber Partnership

Judge Puts Hold on CFPB Plan to Lay Off Most Employees

Google to Appeal Ruling in Advertising Technology Case

Capital One Expects Discover Acquisition to Close May 18

Security Startup Pillar Raises $9 Million to Tackle AI-Specific Risks

Money Talks, and Now It Also Has a Museum in Boston’s Seaport

Enterprise Modernization Ditches Clunky Human Handoffs

FinTech IPO Index Gains 3.3% as Pay Later Continues March

Singapore Businesses Embrace Digital Wallets, Consumers Behind

Inside Amazon and Walmart’s Race to Win the Last Mile

Digital Disbursements, Claims Eliminate Insurance Pain Points

Real-Time Payments Surge in US and Brazil

Earnings Roundup Finds Resilient Consumer Spend, Solid Credit

Netflix Says Demand ‘Stable’ Amid Recession Fears

1Fort Raises $7.5M for AI Platform for Business Insurance

42% of Suspicious Banking Activity Linked to Identity Fraud

Reports: CFPB Laying Off 90% of Staff

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