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...
Even when money is tight, Nestlé says it can rely on coffee drinkers’ habits. The food and beverage giant released half-year earnings Thursday (July 23) showing a slight dip in sales, with coffee remaining a strong driver of organic growth. The company had to hike prices on some coffee...
Optimus moved into production this quarter at Tesla’s Fremont, California, factory, where the humanoid robot learns from what it sees instead of code written to instruct it. “You’ve probably seen lots of impressive demonstrations of robots on the internet,” CEO Elon Musk said Wednesday (July...
Alphabet’s second-quarter earnings announcement on Wednesday (July 22) provided a clearer answer to one of the central questions surrounding generative AI: Are businesses moving quickly enough from testing the technology to paying for it at scale? For Google, the evidence is increasingly coming from enterprise...