News

Retail
Wish Reports 42% Decline in Q2 Revenue, Blames Competition
August 03, 2023

The eCommerce giant ContextLogic Inc., better known as Wish, reported a 42% drop in total revenue year-over-year in its second-quarter earnings Thursday (Aug. 3), blaming competition and a challenging business environment for the decline. Get the Full Story Complete the form to unlock this article and...

Banking
JPMorgan CEO Jamie Dimon: New Bank Capital Requirements ‘Hugely Disappointing’
August 03, 2023

The head of America’s biggest bank said new capital requirements may have slowed economic growth. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

B2B Payments
LegalZoom Launches Online Accounting Solution for Solopreneurs
August 03, 2023

LegalZoom has launched an online accounting solution designed specifically for solopreneurs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Investments
Novo Secures $125 Million Facility for New Working Capital Offering
August 03, 2023

Novo has launched a new offering to help small businesses access working capital. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Artificial Intelligence
Goldman Sachs: AI’s GDP Impact Could Be Bigger Than Electricity
August 03, 2023

Could the impact of artificial intelligence (AI) on the economy eclipse that of electricity? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Artificial Intelligence
Costs Are Top of Mind as LLMs Upgrade Chatbots for Industry-Specific Use Cases
August 03, 2023

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Retail
Poshmark Founder Says ‘Focus on Community’ Powers Consumer Loyalty and Sales
August 03, 2023

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Artificial Intelligence
Chaser Deploys AI to Predict Best Times for Payment Reminders
August 02, 2023

Chaser, a global accounts receivables (AR) platform and credit control service provider, has launched an artificial intelligence (AI)-powered “recommended chasing times” feature designed to help businesses optimize collections efforts and improve cash flow. Get the Full Story Complete the form to unlock this article and...

B2B Payments
Rho to Add AI-Powered AP Automation to All-in-One Finance Platform
August 02, 2023

Rho has unveiled new artificial intelligence (AI)-powered accounts payable (AP) automation capabilities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...