Generative artificial intelligence (AI) can recommend a hotel, assemble an itinerary or suggest a cheaper travel date. It cannot independently guarantee inventory, calculate cancellation terms, authenticate a customer, manage currency conversion or settle funds with multiple suppliers. That side of the business—the commercial infrastructure—is what...
McDonald’s says an attempt to lure budget-conscious consumers backfired in its latest quarter. The fast food giant reported earnings Tuesday (Aug. 4) showing that while its global sales were up 4%, comparable sales in the U.S. climbed just 0.8%—compared to 2.5% during the same period...
The artificial intelligence infrastructure boom helped construction equipment and engine manufacturer Caterpillar surpass $20 billion in sales and revenues in a single quarter for the first time in the company’s history. Caterpillar’s second-quarter sales and revenues increased 24% year over year and reached $20.5 billion,...
FIS management spent much of Tuesday morning (Aug. 4) talking about banking, issuing and payments growth. Although the company’s Banking Solutions business continued to outperform expectations, investors pushed the stock lower in early trading on Tuesday, down 7%, after management reduced its full-year outlook for...
Bill payment solution provider Paymentus posted record revenue in the second quarter as service providers sought to secure customer loyalty by providing a satisfying billing experience, Paymentus Founder and CEO Dushyant Sharma said during a Monday (Aug. 3) earnings call. Citing findings from an upcoming...
Global hospitality company Marriott International accelerated the deployment of artificial intelligence (AI) solutions for customers of its properties and its travel platform during the second quarter. “In June, we began our phased rollout of Ask Bonvoy, our AI-powered conversational search experience on Marriott.com and the Marriott Bonvoy App, reflecting...
Automotive retailer AutoNation has found that the industry and consumers are “in good shape,” despite declines in sales volume and profit that the company saw in the second quarter, AutoNation CEO Michael Manley said during a Friday (July 31) earnings call. “Consumer sentiment is improving...
Western Union is sharpening its focus on digital and artificial intelligence as it faces unexpected headwinds, executives said Thursday (July 30). The company did not see the improvement in its Americas retail business that it expected in the second quarter, and a delay in its...
Coinbase is no longer operating as just a crypto exchange. But the company’s second quarter 2026 financials show that it’s still earning like one. Coinbase on Thursday (July 30) reported revenue of $1.22 billion, below Wall Street expectations. The company’s transaction revenue fell 21% year...