Procter & Gamble says economic pressures have consumers focused on smaller pack sizes and promotions. The consumer packaged goods company released earnings Wednesday (July 29) showing sales up 3% for its most recent quarter and 1% for the year. Speaking to analysts during an earnings call, Chief Financial...
SoFi wants artificial intelligence to do more than answer a customer’s financial questions. It wants AI to eventually act on them, and in the process give customers more reasons to keep their financial lives inside its expanding financial ecosystem. Cross-selling emerged as a key point...
British lender Barclays logged a 17% increase in profits for the first half of 2026. The profit rise was fueled mainly by strong performance from Barclay’s investment banking arm amid an uptick in dealmaking and financial market activity, The Independent reported Tuesday (July 28). This...
PayPal’s turnaround hinges on a digital rebuild that includes stabilizing the checkout button consumers know today while preparing for a commerce environment in which artificial intelligence agents, digital identity and financial services could change what that button needs to do. During the company’s second-quarter earnings...
UPS’s second-quarter earnings results offered a counterintuitive picture of growth. The company shared in a Tuesday (July 28) earnings presentation that U.S. average daily package volume declined 3.3% from a year earlier as UPS completed its planned reduction of lower-yielding Amazon business. But domestic revenue...
Edenred, which provides digital solutions for employees, fleet managers and corporate payments across 44 countries, is seeing early results from its tech-heavy strategic plan Amplify 25-28, Edenred Chairman and CEO Bertrand Dumazy said in a Thursday (July 23) press release. Reporting Edenred’s first-half results, Dumazy said the...
American Express’ second-quarter earnings tell a spending story that stretches from restaurant tables to airport gates to corporate expense accounts, with artificial intelligence sitting somewhere in the middle. Card spending rose 9% on an FX-adjusted basis in the second quarter, according to a Friday (July...
Online lender Enova International saw improvements in both originations and credit during the second quarter, with consumer spending remaining resilient and small businesses optimism increasing, Enova CEO Steve Cunningham said during a Thursday (July 23) earnings call. Enova’s originations grew 27% year over year and its consolidated net...
Grocery chain Albertsons is predicting slightly weaker sales amid more cautious lower-income consumer spending. The company on Thursday (July 23) released earnings showing the company lowering its guidance for the fiscal year, projecting decreases of 1.5% to 0.5%, compared to an earlier forecast of flat sales to...